Ghana economic crisis: Inflation hits 40%
Ghana is facing a deep economic crisis: Inflation is rampant, climbing to 40% in October, the highest level in 21 years. The currency has also plummeted more than 50% against the dollar in 2022. Ho...
The impact of Christmas spending on mental health
The holidays are supposed to be the most magical time of the year, but in reality people are struggling and having to cut back. Personal finance expert Rachel Cruze and mental health expert Dr. Joh...
Cyber Monday sales expected to top $11 billion
The annual day of online deals could break records this year, despite inflation.
Australia's ETF market set for record growth
Australia's exchange-traded funds market is on track to become bigger than ever by year-end after a power rebound in stocks in October fueled a record month of growth. Amy Bainbridge reports on Blo...
World headed for economic gloom in 2023
Investors see a gloomy 2023 as slowing growth and rising inflation keep stagflation risks high, according to the latest Bloomberg survey. Bloomberg's Kristine Aquino reports.
Fears of EU trade war with U.S
Brussels and Washington are at odds over the United States' Inflation Reduction Act and there are now fears it could prompt a trade war between the two powers.
Has the U.S dollar peaked?
Kit Juckes, chief FX strategist at Societe Generale, explains why he expects the US dollar to be "significantly weaker by the end of next year" on "Bloomberg Surveillance."
China: PBOC Boosts Stimulus to Support Covid-Hit Economy
China's central bank reduced the reserve requirement ratio for most banks by 25 basis points in a move that will inject 500 billion yuan ($70 billion) of liquidity into the economy racked by surgin...
Shoppers flock to Black Friday sales amid historic inflation
Michael Brown, partner and Americas retail leader at Kearney, joined Cheddar News to talk about the state of the retail industry on Black Friday.
EU pauses price caps on Russian oil
European Union diplomats have postponed discussions on an oil-price cap until Monday as divisions within the bloc remain entrenched over the proposal to set a $65 per barrel limit on Russian oil. S...
Housing supply too low for price drops
Jonathan Miller, president and CEO at Miller Samuel, says "it's hard to imagine a significant drop in pricing," as he discusses the state of the US housing market on "Bloomberg Surveillance."
South Korea takes 'drastic measures' to avoid inflation
South Korea's credit markets which has been strained by rising interest rates has seen a glimmer of hope as the government continues to take drastic measures to prevent a full blown credit crisis.
Record numbers of COVID in China
China reported record high COVID-19 infections on Thursday (November 24), with cities nationwide imposing localized lockdowns, mass testing and other curbs that are fueling frustration and darkenin...
Antibiotic shortage drives up prices, concern parents
The owner of Milwaukee's Hayat Pharmacy said a nationwide shortage of antibiotics is driving up costs and sending parents into a panic.
Municipal bonds see best month in forty years
Bloomberg Intelligence's Eric Kazatsky explains what's behind the rally in municipal bonds that are now beating the corporate bond market. He speaks on "Bloomberg Markets: The Close."
SEC pushes bond, options brokers for better prices
The SEC plans to overhaul rules for the stock market would also expand its oversight of bond and options trading. Abigail Doolittle reports on "Bloomberg The Open."
Rail workers strike could cripple U.S. economy
Negotiators are back at the table trying to avert a freight rail worker strike next month. The strike could cost the U.S. economy $2 billion a day. Labor and employment attorney Ayesha Whyte joins ...
What's inside PM Sunak's plan for the U.K. economy
As part of having his new job, Prime Minister Sunak is tasked with avoiding more economic strife. Sunak unveiled a new budget last week which calls for billions of dollars of spending cuts and some...
U.S. diesel supply reaches historic low
Prices for diesel used to power trucks, fuel machinery and heat homes have surged about 50% amid shrinking inventories and a strained export market. The shortage could cost the economy billions. Bl...
Bolsonaro's party questioning election results
President Jair Bolsonaro's party is questioning the result of Brazil's runoff election, seeking to annul votes that gave leftist leader Luiz Inacio Lula da Silva a tight victory on Oct. 30. Brazili...
U.S. & China's relationship is maturing
Max Baucus, a former US Ambassador to China, says the US-China relationship is improving. He's on "Balance of Power."
U.S. gas prices rise slightly before Thanksgiving
The national average gas price for Thanksgiving week of 2022 is around 20 cents more expensive than it was the year before.
EU unveils first ever gas price cap
After months of political pressure, the European Commission has presented a formal proposal to prevent high gas prices.
OECD says Europe 'should avoid' recession
The OECD says the global economy 'should' avoid a recession next year but the energy crisis will trigger a sharp slowdown, with Europe the hardest hit - the OECD says.
Families choose between heating or eating
The cost-of-living crisis has hit France's low-income households particularly hard, with local NGO Restos du Cœur warning that some families are having to choose between eating and keeping warm thi...
Malaysia forecasts 4% real GDP growth
Maybank Investment Banking Group Head of Regional Equity Research Anand Pathmakanthan sees no change in his 2023 real GDP growth forecast in Malaysia. He speaks with Juliette Saly, Yvonne Man and R...
Crypto fallout could bleed into the U.S. economy
Peter Tchir, head of macro strategy at Academy Securities, sees the next leg of the fallout from Sam Bankman-Fried's FTX empire impacting the US economy as he expects Bitcoin to fall below $10,000 ...
Goldman analysts expect bear market in 2023
Peter Oppenheimer, chief global equity strategist at Goldman Sachs, explains the factors behind his firm's view that the bear market will continue in 2023. He speaks with Lisa Abramowitz on "Bloomb...
'Brexit is delivering' says Sunak
The UK prime minister rejects 'any alignment with EU laws' and batted away calls from business leaders for looser immigration rules and closer EU ties to overcome labour shortages and trade barrier...