Business News

Youth Unemployment Is Down, But So Is Labor Force…

About 60 percent of people ages 16-24 were either working or looking for work in July of this year.

California drops wildfire utility liability…

California lawmakers are abandoning a controversial proposal by Gov. Jerry Brown to shield electrical utilities from some financial liability for wildfires

U.S. Is Approaching the End of Its Cycle, Says…

Aug.17 -- Rupert Watson, head of asset allocation at Mercer, discusses the U.S. markets and his investment strategy for September. He speaks on "Bloomberg Markets: European Open."

US regulators target Facebook on discriminatory…

Federal regulators have served Facebook with a complaint alleging the company's advertising tools allow landlords and real estate brokers to engage in housing discrimination

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Justice lawyers try to halt Trump financial…

The Justice Department is asking a federal judge to let them file a legal appeal that could, for now, keep President Donald Trump's critics from gaining access to financial records related to his Washington hotel

RBA's Lowe Sees Rates Steady `For a While Yet'

Aug.17 -- Australian central bank chief Philip Lowe said interest rates are likely to remain at a record low “for a while yet” while lamenting the local currency’s resilience. Bloomberg's Paul Allen reports on "Bloomberg Markets: Asia."

Privacy group tells FTC Google tracking violated…

A privacy group that lobbied the Federal Trade Commission to take action on Google nearly a decade ago says in a letter to the FTC that Google has violated the terms of a 2011 settlement because of practices exposed in an Associated Press report this week

Getting personal: US, Turkish leaders feud over…

Feud over detained American pastor in Turkey overshadows deeper problems in U.S.-Turkish relationship, as well as fate of other detainees

Trump Says U.S. Will Pay Nothing for Release of…

Aug.17 -- President Donald Trump continued his barrage against Turkey on Thursday evening with a tweet: "They are now holding our wonderful Christian Pastor, who I must now ask to represent our Country as a great patriot hostage. We will pay nothing for the release of an innocent man" Bloomberg's Rishaad Salamat and Dan Ten Kate report.

The Latest: Moody's cuts Turkey's credit rating…

Ratings agency Moody's has downgraded Turkey's credit rating deeper into "junk" status and slapped a "negative" rating on its outlook.

As Musk admits to job stress, Tesla's board may…

Tesla shares tumble as CEO Elon Musk admits in newspaper interview that job stress is getting to him

Buying China Stocks at Current Levels, Saxo…

Aug.16 -- Adam Reynolds, chief executive officer of Asia Pacific at Saxo Capital Markets in Singapore, talks about the trade spat between the U.S. and China, and the implications for financial markets. He speaks with Rishaad Salamat on "Bloomberg Markets: Asia."

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Sales director for Backpage.com pleads guilty to…

The sales and marketing director of Backpage.com pleaded guilty to conspiring to facilitate prostitution in a scheme to give free ads to prostitutes in a bid to draw them away from competitors

Australian Corporate Giants Try to Get Rich By…

Aug.16 -- Defying a global spike in acquisitions, some of Australia’s biggest and oldest companies are trying to shrink to greatness by spinning off assets. Bloomberg's Angus Whitley reports on "Bloomberg Daybreak: Australia."

Business Highlights

Business Highlights

Trade Spat Creating Negativity for U.S. Growth…

Aug.16 -- Omair Sharif, an economist at Societe Generale in New York, talks about the spat between the U.S. and its trading partners, and the implications for the world's largest economy. He speaks with Ramy Inocencio and Paul Allen on "Bloomberg Daybreak: Australia."

Trump attends Hamptons fundraiser hosted by hot…

President Donald Trump is at his New Jersey golf resort after a closed-door fundraiser in the Hamptons in New York

How major US stock indexes fared Friday

U.S. stocks rose late in the day Friday as investors hoped the U.S. and China are making more progress in trade talks

Trump's Pro-Tariff Stance Is Alarming, Former Amb…

Aug.16 -- Bruce Heyman, former U.S. ambassador to Canada, discusses the ongoing Nafta negotiations with Bloomberg's Shery Ahn and Amanda Lang on "Bloomberg Markets."

Stocks jump as hopes rise for progress on China…

US stocks rise at the finish of trading as investors hope for more progress in trade talks between the US and China

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Zoe's and Nordstrom rise while Tesla and Nvidia skid

Zoe's Kitchen and Nordstrom surge while Tesla and Nvidia drop

El-Erian Sees Further U.S. Growth in Global…

Aug.16 -- Bloomberg Opinion columnist Mohamed El-Erian explains why the U.S. economy and markets can continue to gain strength in spite of weakness in global markets. He speaks on "Bloomberg Markets: The Open." His opinions are his own.

Anger engulfs families as Italy buries its bridge…

With anger and grief, Italians began burying some of their dead Friday from the Genoa highway bridge collapse, holding funerals in victims' hometowns