Mexican President Claudia Sheinbaum is proposing sweeping changes to corporate income tax rules to raise as much as 140 billion pesos ($8.2 billion) next year, part of an effort to narrow the budget deficit but one that risks squeezing low-margin businesses.
JB Mackenzie, Robinhood Futures & Prediction Markets VP & GM, discusses rising trading activity in prediction markets ahead of the Federal Reserve’s rate decision, with markets pricing in an roughly 85% chance of a 25-basis-point hike. He sas interest in Fed-related contracts has...
The House committee investigating disgraced financier Jeffrey Epstein voted to recommend holding billionaire Leon Black in contempt of Congress Tuesday after he defied subpoenas for testimony and documents related to women in Epstein’s orbit.
Paisley Nardini, Head of Investment Strategy for Tema ETFs, discusses the industry group ETFs that are surging right now as industry leaders gather in Huntington Beach, California for Future Proof. Then, Hamilton Reiner, Portfolio Manager and CIO for the US Core Equity Team at J...
On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest news from DC. On today's show, former Secretary of State Antony Blinken, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting...
Blackstone Inc. President Jon Gray says Canada has massive opportunities to grow due to its natural resources, looser regulatory policies and access to private capital. “Canada is a sleeping giant economically," he said Tuesday at an investment summit in Toronto. (Source: Bloombe...
Any course of action carries risks for the Fed chairman
Politics makes strange bedfellows, and so too does artificial intelligence.
The US Justice Department is investigating hundreds of cases of possible election fraud across the country, Attorney General Todd Blanche said.
Senators from both parties blocked a landmark digital asset market structure bill in a procedural vote Tuesday, with Democrats citing continued concerns over ethics provisions meant to address President Donald Trump’s crypto business interests.
The board of the John F. Kennedy Center for the Performing Arts voted Tuesday to close the facility for repairs, according to people familiar with the decision.
President Donald Trump’s decision to go to war against Iran has cost US taxpayers about $38 billion in direct costs during the first five months of fighting and will push inflation up about 0.5 percentage points by early next year, a new congressional study finds.
German Chancellor Friedrich Merz cancelled his trip to the United Nations General Assembly in New York next week, changing course as he works to contain an open rebellion of his own party in Berlin.
FBI Director Kash Patel declined to rule out sending agents to polling places on Election Day, telling senators he wasn’t certain the bureau is legally barred from doing so.
US Treasury Secretary Scott Bessent says the Treasury’s engagement with Japan over currency intervention was part of a constant dialogue and that Japan’s finance ministry is very transparent with the U.S. (Source: Bloomberg)
New York City put off voting on a $100 million property tax break for a new Hudson Yards skyscraper proposed by developer Tishman Speyer, in what would be the largest economic subsidy since Mayor Zohran Mamdani took office.
The US-Iran war has reached crisis point for Saudi Arabia and its de facto leader, Crown Prince Mohammed bin Salman.
US Representative Jim Himes (D-CT) pushes back on optimistic claims about the economy, arguing that upbeat rhetoric amounts to political malpractice when consumer sentiment has fallen sharply. (Source: Bloomberg)