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Latest news from trusted sources around the world

Economy Bloomberg
'Boomerang' Kids Eat Into Expenses, Retirement Savings

Bloomberg's Suzanne Woolley joins Scarlet Fu and Tom Keene on "Bloomberg Money." The share of young American adults living with their parents is back near …

Economy Bloomberg
Rich Clarida's Money Splurge: Music, New Album

Former Federal Reserve Vice Chairman Richard Clarida talks to Tom Keene and Scarlet Fu on "Bloomberg Money" about his music and upcoming album. (Source: Bloomberg)

Economy Bloomberg
Zitron: "Everyone Has Been Sold a Lie" on AI

Following earnings this week that saw tech giants like Microsoft and Amazon report aggressive AI spending plans, EZ Primary Research CEO Ed Zitron gives his …

Economy Bloomberg
Branches of K-Shaped Economy Diverging Even Wider: Clarida

Former Federal Reserve Vice Chairman Richard Clarida, and now a global economic adviser for Pimco, talks to Tom Keene and Scarlet Fu on"Bloomberg Money". Clarida …

Economy Financial Times
KKR nears over $4bn deal to buy medical device maker Integer Holdings

Healthcare company has been targeted by activist hedge fund established by an Elliott Management alumnus

Economy Bloomberg
George Santos to Pay $35,000 Over ‘Manipulative’ Kalshi Bet

Former Congressman George Santos agreed to pay more than $35,000 to settle allegations he manipulated a wager on prediction market platform Kalshi about whether he’d …

Economy Financial Times
Google Earth AI tool pulled after spate of fake satellite images

Security experts say generative tools risk eroding trust in satellite images used to verify conflict damage and incidents

Economy Financial Times
How 60,000 people swam to Spanish territory

Migrants spent days preparing to reach the Spanish enclave of Ceuta from neighbouring Morocco

Economy Financial Times
Healey looks for fiscal buffer in October’s UK Budget

Chancellor to stick to Labour’s fiscal rules while moving ‘power and money out of Westminster’

Economy Financial Times
Leopold Aschenbrenner vows to ‘fight another day’ after fund plunges 67% in …

Manager of AI hedge fund Situational Awareness tells investors he will learn from ‘very expensive scars’

Economy Financial Times
Fifa insiders turn on Infantino over controversial $20bn investment plan

Interventions by two senior officials deepen crisis over president’s plan to create new commercial venture and sell 20% stake

Economy Financial Times
Europe braces for wave of wildfires as prospects rise for ‘overload’

Greece, Italy and parts of central Europe are the most vulnerable in coming weeks, officials warn

Economy Financial Times
Brazilian police launch graft probe into President Lula’s son

Supreme Court authorises investigation into Fábio Luís Lula da Silva months before presidential election

Economy Financial Times
Rhine drought strands ships and forces German production cuts

Water level of crucial trade river has fallen to match 2018 record low after extreme heatwaves

Economy Financial Times
Spanish prime minister condemns influx of 60,000 migrants

Record daily influx into Spanish enclave of Ceuta on north African coast dwarfs peak of Europe’s 2015 migration crisis

Economy Financial Times
Fifa stake sale could work — but not at this price

Commercialisation does not always mean corruption

Economy Bloomberg
Yen Gains on Intervention, Reports of Buying By Both US, Japan

US and Japanese authorities extended efforts to shore up the yen on Friday, with the currency strengthening more than 1% against both the dollar and …

Economy Bloomberg
Brazil Market Trading Resumes After Widespread Halt Hits B3

Trading across most Brazilian assets resumed Friday, hours after technical issues at the country’s main exchange halted activity for nearly half of the session.

Economy Bloomberg
US Stocks Falter as AI-Driven Rally Fades Despite Amazon Blowout

US stocks traded mixed on Friday, erasing earlier gains that were driven by Amazon.com Inc.’s 13% share surge. The company’s stellar results had lifted a …

Economy Bloomberg
NY Sues Kalshi for Running an ‘Illegal Gambling’ Operation

New York state authorities sued the predictions-market company Kalshi Inc. for allegedly running an illegal, unlicensed gambling operation in the state, marking another legal hurdle …

Economy Financial Times
Eurozone inflation rises to 2.9% in July

Energy shock will keep ECB on alert ahead of September rate decision

Economy Bloomberg
Foreign Investors Shun Nigeria’s World-Beating Equities

Foreign investors shunned Nigerian stocks this year, choosing to focus on fixed-income assets, missing out on a 66% rally that made the market the world’s …

Economy Bloomberg
Peter Frankopan on Trump’s Iran ‘War of Choice'

"If you decide to fight a war of choice, it's very hard to win." 'The Silk Roads' author Peter Frankopan tells Mishal Husain why America …

Economy Bloomberg
Dollar Heads for Worst Week in Three Months as Fed Doubts Grow

The dollar headed for its worst week in three months on concerns the Federal Reserve won’t move forcefully enough to contain inflation.

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