Biden rushes to finalize chip deals with Intel, $INTC, Samsung and other firms before Trump enters the White House, per Bloomberg

Trump’s Win Sets Off Race to Complete Chips Act Subsidy Deals Companies seek to finalize agreements as quickly as possible Republicans are brainstorming reforms to semiconductor law https://www.bloomberg.com/news/articles/2024-11-08/trump-s-win-sets-off-race-to-complete-chips-act-subsidy-deals h/t HighYieldLarry

[Bloomberg] Economic and geopolitical threats are increasingly at odds with the apparent calm in financial markets.

Despite war in Europe, renewed instability in the Middle East, worsening trade relations and growing fiscal demands on governments (for defense, the energy transition and aging populations), investors are pricing in further interest-rate cuts and ambitious asset valuations. In fact, they seem decidedly optimistic — often a precursor of surging financial stress. https://archive.is/mCkZu h/t mark000

BLOOMBERG: UKraine’s Kursk Invasion Has Been A Disasterous Failure.

An offensive that was curiously timed to coincide with the Democrat National Convention. Funny no one there has mentioned it, is it not? Whatever the original goals were, the amount of resources and lives expended compared to results is nothing short of a complete disaster. ⚡️⚡️⚡️Bloomberg called the Ukrainian offensive in the Kursk region the …

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BOJ Research Notes Indicate Interest Rate Hike Is Still on Table – Bloomberg… Yen Carry Trade Unwind Has Just Started?

🇯🇵 #Japan | #BOJ highlights rising wage pressure from structural job market change – Reutershttps://t.co/yfeIGBJzYv — Christophe Barraud🛢🐳 (@C_Barraud) August 21, 2024 BREAKING: now the #ECB joins the #BOJ and begins lending $USD to the banking system ⚠️ Yes, a small amount, but whoever needed it had no other alternatives and that’s usually a bad …

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Bloomberg: US Considers a Rare Antitrust Move: Breaking Up Google

A rare bid to break up Alphabet Inc.’s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolized the online search market, according to people with knowledge of the deliberations. The move would be Washington’s first push to dismantle a company for illegal …

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Despite no new record, the Bloomberg Bankruptcy Index remains muted, mirroring 2007’s small failures before major collapses.

As of now, there hasn’t been a record number of bankruptcies among companies with assets above $50 million. The Bloomberg Bankruptcy Index, which considers both the size and number of bankruptcies, remains relatively low. This suggests that while smaller companies, particularly in the mortgage and real estate sectors, may be struggling, larger financial institutions have …

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Bloomberg: “Support for President Joe Biden’s candidacy is cracking in one of the party’s key pillars: New York.”

Support for President Joe Biden’s candidacy is cracking in one of the party’s key pillars: New York. https://t.co/0ubXZcc2xH — Bloomberg (@business) July 11, 2024 This Daily Show focus group of Black New York voters did not go as planned. Half of the focus group (3 out of 6) said they would vote for Trump:"We're an …

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Bloomberg reports 18% of US adults can cover emergencies with less than $100 savings

According to Bloomberg, approximately 18% of U.S. adults reported that the largest emergency cost they could cover using only their savings was under $100. Additionally, 14% stated they could manage an expense ranging from $100 to $499. These findings highlight the financial vulnerability faced by a significant portion of the population when it comes to …

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US economic data softens, job report impact crucial, potential for severe downturn looms.

Recent economic updates from the U.S. paint a bleak picture, stirring deep unease among investors. The latest indicators, including the sharp decline in the Bloomberg Economic Surprise Index, signal a worrisome underperformance reminiscent of the tumultuous trends observed in 2019. This downturn in economic sentiment comes at a precarious moment, with all eyes fixed on …

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Bloomberg: “Argentina Monthly Inflation Slowed More Than Expected in March”

Consumer prices in March rose 11% m/m versus est. 12.1.% Argentina central bank cut benchmark rate Thursday to 70% Monthly inflation in Argentina slowed more than expected in March, cooling for the third straight print as President Javier Milei’s austerity hurts consumer spending. Consumer prices rose 11% from February to March, less than economists expectations for 12.1%, according …

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You know the situation is bad when Bloomberg begins reporting on Canada’s disastrous immigration policies & mass poverty.

You know the situation is bad when Bloomberg begins reporting on Canada's disastrous immigration policies & mass poverty. https://t.co/lU8nK2w8Vb pic.twitter.com/xcQrSxDYOz — Financelot (@FinanceLancelot) March 30, 2024 Secret RCMP report warns Canada will sink into civil unrest once citizens realize how broke they are. Canada is in a very bad situation, economically, politically, socially, etc. https://nationalpost.com/opinion/secret-rcmp-report-warns-canadians-may-revolt-once-they-realize-how-broke-they-are …

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New Bloomberg Morning Consult Poll for AZ, NV, GA, NC, MI, WI, and PA. Topline numbers are getting tighter. Biden now leads in WI, tied in MI and PA. Biden gains ground in all 7 battleground states.

🇺🇲 2024 GE: Bloomberg/Morning Consult GEORGIA🟥 Trump 49% (+7)🟦 Biden 42%.ARIZONA 🟥 Trump 48% (+5)🟦 Biden 43%.NEVADA🟥 Trump 46% (+2)🟦 Biden 44%.NORTH CAROLINA🟥 Trump 49% (+6)🟦 Biden 43%.PENNSYLVANIA 🟦 Biden 45% 🟥 Trump 45%.MICHIGAN🟦 Biden 45%🟥… — InteractivePolls (@IAPolls2022) March 26, 2024 President Biden has narrowed the gap against former President Trump in six out …

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Trump leads Biden in every swing state, according to a new Bloomberg poll, signaling a 2024 reckoning.

Former President Trump is pulling more support than President Biden in at least seven swing states that are likely going to determine the election, a survey released this week found. The Bloomberg News/Morning Consult poll found Biden trailing Trump in several critical states — Arizona, Georgia, Pennsylvania, Michigan, North Carolina, Nevada and Wisconsin — when voters were …

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“Hedge Funds With 2,000% Leverage Catch EU Watchdog’s Eye” – Bloomberg

https://www.bloomberg.com/news/articles/2024-01-31/hedge-funds-with-2-000-leverage-are-catching-the-eu-s-attention (Bloomberg) — European regulators are closely following a group of hedge funds with exposure to mortgage bonds and average gross leverage in excess of 2,000%, a position so large it risks impacting markets. The funds predominantly are buyers in rising markets and sellers during a downturn, according to a Tuesday report by the European …

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Trump Surpasses Biden in Swing States as Border Crisis Takes Toll on Approval: Bloomberg Poll Reveals Voter Sentiment

🚨 Trump is leading Biden in all swing states pic.twitter.com/X3o9zdcazZ — Benny Johnson (@bennyjohnson) January 31, 2024 Six in 10 swing-state voters say President Joe Biden bears responsibility for a surge in migrants at the US-Mexico border, a downbeat signal for his reelection prospects as Republicans largely avoid blame on the issue, a Bloomberg News/Morning …

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BLOOMBERG: Yellen Declares US Economy Has Achieved Soft Landing; Real wage increases mean American workers ‘getting ahead’

Totally out of touch. Treasury Secretary Janet Yellen declared Friday the US economy had achieved a long-sought soft landing, a historically unusual event in which high inflation is tamed without significantly damaging the labor market. “What we’re seeing now I think we can describe as a soft landing, and my hope is that it will …

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Government bonds are melting down… Bloomberg today: “Rates aren’t rising because of inflation, they’re rising because of the bond market”

This chart shows the Ten Year Yield where 40 = 4.0%. Currently at 4.65%. View post on imgur.com Bloomberg today: "Rates aren't rising because of inflation, they're rising because of the bond market" Looks like they finally woke up to the truth 👇 — Financelot (@FinanceLancelot) September 28, 2023 Rates aren't rising because of inflation… …

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“India’s retail inflation rose sharply to 7.44% in July due to surging food costs.” (BLOOMBERG)

JUST IN – India's retail inflation rose sharply to 7.44% in July due to surging food costs. — Disclose.tv (@disclosetv) August 14, 2023 Retail inflation in July breached the upper-end of the Reserve Bank of India’s tolerance level for the first time in five months due to surging food costs, reinforcing the central bank’s concern …

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WaPo, NYTimes, Bloomberg, Rolling Stone defend Ray Epps, are now not referring to J6 as insurrection or riot.

RECEIPTS: WaPo, NYTimes, Bloomberg, and Rolling Stone are now not referring to Jan 6 as an insurrection or even a riot bc they are now defending Ray Epps Now Jan 6 was 'rallies,' 'demonstrations,' and 'protests' pic.twitter.com/D5zAlxicbP — Jack Posobiec (@JackPosobiec) July 13, 2023 .@RepTroyNehls to FBI Director Wray: "Are you going to arrest Mr. …

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Bloomberg: Real Estate a “Debt Time Bomb”

“The urban doom loop is accelerating. As commercial buildings empty and default, tax revenue declines, defunding city services like police, fire safety, and more.” The urban doom loop is accelerating. As commercial buildings empty and default, tax revenue declines, defunding city services like police, fire safety, and more. 🔊 https://t.co/ZO4wb5w9zu — Wall Street Mav (@WallStreetMav) …

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Bloomberg: Australia Drafts Laws to Fine Social Media Firms Over Fake News

via Bloomberg Australia is set to release draft laws Sunday to hold social media companies accountable for failing to remove disinformation and misinformation from their platforms, according to The Age. Under the proposed legislation, the government would be able to impose a new code on companies that repeatedly fail to combat misinformation and disinformation or an industry-wide …

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Bloomberg: Americans Are Leaving High-Tax New York and Moving to Florida

Low taxes and warm weather were once again a draw for Americans in 2022, with Florida and Texas seeing the most migration from other states, according to a report from the National Association of Realtors. And on the flip side, California, New York and Illinois are losing the most people. https://www.bloomberg.com/news/articles/2023-01-31/states-with-low-taxes-americans-leave-new-york-moving-to-florida-texas?#xj4y7vzkg

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