Business News

Tesla shares fall as CEO admits job stress is…

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

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."

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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Business Highlights

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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 2011 order

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

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 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.

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

Zoe's and Nordstrom rise while Tesla and Nvidia skid

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

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."

Trump asks SEC to consider ending required…

Trump asks SEC to consider ending required quarterly reports for public companies

Markets Right Now: Stocks shake off wobbly start, end higher

The stock market shook off a wobbly start and ended broadly higher on hopes that China and the U.S. were making progress on resolving their trade dispute.

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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."

Gap Inc. Announces Third Quarter Dividend

In a comeback season for Hollywood, a summer…

In a comeback summer for Hollywood, there have been virtually no major bombs at the box office

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."

Judge denies bid to block Squaw Valley ski resort…

Environmentalists have lost their latest legal bid to block a major redevelopment project at a Lake Tahoe-area ski resort that hosted the 1960 Winter Olympics

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."

US rig count remains at 1,057; Texas gains 3 rigs

The number of rigs exploring for oil and natural gas in the U.S. held steady at 1,057 this week

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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.

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Saudi Arabia says it's given $100 million to northeast Syria

Saudi Arabia says it's contributed $100 million to northeastern Syria for reconstruction in areas once held by IS