Business News

Fed Report Says 40% Of US Adults Can't Cover $400…

The Federal Reserve Board released its annual economic well-being report Tuesday.

Tens of thousands of Las Vegas casino workers OK…

Tens of thousands of casino employees could walk off the job for the first time in more than three decades after union members voted to authorize a strike at any time starting June 1

New Jersey OKs $300M annually to rescue nuclear industry

Legislation authorizing $300 million annually in ratepayer-financed assistance to rescue New Jersey's nuclear energy industry has been signed into law

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Musk Promises Brake Fix After Tesla Model 3 Gets…

Consumer Reports didn't give its sought-after recommendation to Tesla's Model 3 after finding issues with its braking performance.

Stocks slip after weak economic data from Europe

US stocks are down and European indexes are taking sharp losses as investors worry about the European economy after an index measuring the strength of the region's business sector hit an 18-month low

China Is Well Insulated Against a Stronger Dollar…

May.23 -- Miranda Carr, China macro strategist at Haitong International, discusses China's ability to withstand a stronger dollar. She speaks on "Bloomberg Surveillance" alongside Daniel Morris, senior investment strategist at BNP Paribas Asset Management.

Foxconn says no changes planned for Wisconsin project

Taiwan-based Foxconn Technology Group says it remains committed to its $10 billion Wisconsin manufacturing facility, rejecting a report out of Asia that it's considering reducing initial costs by making display screens for smaller electronics

Uber puts brakes on self-driving car operation in Arizona

Uber is ending its operation of self-driving cars in Arizona more than two months after a woman was struck and killed by one of its vehicles

David Zervos' Six Reasons Why Inflation Isn't…

May.22 -- David Zervos, chief market strategist and head of global fixed income strategy at Jefferies, discusses disinflationary forces preventing the inflation story from happening. He speaks on "What'd You Miss?"

Ex-CFO gets prison term for stealing more than $1 million

The former chief financial officer of a New Jersey orthopedic care provider is headed to prison for stealing more than $1 million from the company for his personal use

On the Money: Credit cards to perfect targeting programs

Credit card companies want to use their points programs to influence what millions of customers buy, even going as far as influencing what color blender you might purchase

BOE's Carney on Rates Guidance, U.K. Economy…

May.22 -- Bank of England Governor Mark Carney discusses the bank's guidance on interest rates and the outlook for the U.K. economy. These are highlights of his testimony today before the U.K.'s Treasury Select Committee in London.

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Emergency rate hike helps Turkish currency recoup…

Turkey's currency, the lira, has fallen to a record low against the dollar amid concerns about an outflow of investor capital and the country's ability to manage the situation.

Twitter to add special labels to political…

Twitter says it's adding special labels to tweets from some U.S. political candidates ahead of this year's midterm elections.

Last Thing Investors in U.K. Assets Need Is an…

May.22 -- BlackRock Global Chief Investment Strategist Richard Turnill discusses British politics, Bank of England monetary policy and U.K. assets. He speaks on "Bloomberg Surveillance."

Spain PM gets budget backing in test of…

Spain's parliament was set to pass a new national budget Wednesday, giving the government of Prime Minister Mariano Rajoy breathing space as it combats the continuing secession drive in Catalonia

FBI overstated encryption problem with cell phones

FBI officials say a programming error led them to vastly overstate the number of cell phones that investigators could not access because of encryption

Policy Makers Debate Pace of Fed Rate Hike

May.21 -- Bloomberg's Kathleen Hays reports on Fed policy. She speaks on "Bloomberg Daybreak: Australia."

Trump appears to raise new doubts about US-China…

Trump appears to raise new doubts about US-China trade deal

Congress on track to OK expanded private care at troubled VA

The Senate is expected to give final approval to legislation giving veterans more freedom to see doctors outside the Veterans Affairs health system

Is U.S.-China Truce an End to Trade War, or Just…

May.21 -- The U.S. and China declared a truce in their trade dispute over the weekend, but that will prove temporary if the world’s two largest economies fail to deliver on their vague commitments to re-balance trade. Bloomberg's Emma O'Brien and Kevin Cirilli report on "Bloomberg Surveillance."

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France's Macron takes on Facebook's Zuckerberg in…

France's Macron takes on Facebook CEO in push for stricter rules on data privacy, taxes

Bulgaria hits setback in bid for euro membership

Bulgaria runs into setback in bid for euro membership; ECB says 'wide-ranging' reforms needed

Stratfor's Baker Sees Beijing, Washington in for…

May.20 -- Rodger Baker, Stratfor vice president of strategic analysis, discusses China's agreement to reduce trade surplus with the U.S. after recent talks. Baker speaks with Bloomberg's Betty Liu and Haidi Lun on "Bloomberg Daybreak: Australia."