Bloomberg Nachrichten

 

Arab Gulf countries including the United Arab Emirates and Saudi Arabia followed the Federal Reserve's first interest rate cut this year, providing some relief when it comes to credit demand and the housing sector....

Lyft and Waymo are partnering to bring self-driving taxis to Nashville in 2026, in a deal that will allow customers to request driverless rides on both companies' platforms. Lyft CEO David Risher discussed why the company is taking the partnership route in autonomous driving on “Bloomberg Tech.” (Source: Bloomberg)...

Argentina's central bank disputed that the peso had crossed the threshold for its trading band Wednesday, saying its calculation of the figure is slightly different from the number based on a publicly disclosed formula....

Eric Trump, co-founder of American Bitcoin and the son of US President Donald Trump, says he is "committed" to owning American Bitcoin shares after banks trying to 'cancel' its business. He said the experience drove him toward crypto as better alternative. (Source: Bloomberg)...

Compute provider Groq raises $750 million in new funding at a $6.9 billion valuation. Groq CEO Jonathan Ross joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)...

China's internet regulator tells the country's biggest technology companies to stop buying Nvidia's RTX Pro 6000D, according to reports in the Financial Times. Bloomberg's Mike Shepard discusses the news on “Bloomberg Tech.” (Source: Bloomberg)...

Bob Michele, JPMorgan Asset Management global head of fixed income, reacts to the decision by the Federal Reserve's policy-setting Federal Open Market Committee to lower the benchmark interest rate by a quarter percentage point. Speaking on Bloomberg Television, Michele says the Fed “locked arms” on policy, which is good for markets....

Gold fluctuated between gains and losses after Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more reductions this year following months of intense pressure from the White House to slash borrowing costs....

Alex Conant, partner at Firehouse Strategies, weighs in on the potential for a government shutdown as both parties pitch opposing stopgap funding plans. (Source: Bloomberg)...

American Bitcoin's Michael Ho downplayed national security concerns tied to using Bitmain equipment, arguing the rigs are built solely for Bitcoin computations. He said despite U.S. tariffs, Bitmain's latest 3-nanometer chips remain the most efficient and cost-competitive hardware for mining. (Source: Bloomberg)...

After sitting on the sidelines for most of the record-breaking run in US equities, small-capitalization stocks have finally joined in and ended the drought that started during the pandemic....

Treasuries moved higher after the Federal Reserve delivered a widely expected interest-rate cut to support the sagging labor market....

The Fed has cut interest rates and expects two more reductions this year. The Federal Open Market Committee voted 11-1 on Wednesday to cut the target range for the federal funds rate to 4%-4.25%, after holding rates steady for five straight meetings this year. Only one official, the newly-sworn-in Stephen Miran, voted against the decision. He favored a larger, half-point cut. Bloomberg's Michael McKee is at the Fed with more. (Source: Bloomberg)...

A key measure of credit risk in the US corporate bond market fell Wednesday after the Federal Open Market Committee cut a benchmark interest rate for the first time this year....

Jamie Dimon made a surprise visit to the US Capitol on Wednesday, where he discussed economic growth and the Federal Reserve with Senate Republicans just as the central bank was preparing to release its latest rate decision....

Here are key takeaways from the Federal Reserve's interest-rate decision on Wednesday:...

Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more reductions this year following months of intense pressure from the White House to slash borrowing costs....

Emily Dickens, head of government affairs at human resources association SHRM, said one of the biggest issues in the labor market is having enough people with the skills needed for existing and new job roles (Source: Bloomberg)...

Connecticut is considering offering up public pension funds to keep the WNBA's Sun team in the state....

EQT AB is considering a US initial public offering of waste management firm Reworld that could raise $1 billion or more, according to people familiar with the matter....