William Horobin News Today

(Bloomberg) -- Treasury Secretary Janet Yellen said the outlook for higher interest rates over the long haul makes it tougher to contain US borrowing needs, heightening the importance of boosting revenue in negotiations with Republican lawmakers.Most Read from BloombergFed’s Favorite Underlying Inflation Gauge Is Seen CoolingIndia’s Markets Brace for Selloff as Modi’s Poll Goals in DoubtYellen Says Higher Path for Rates Boosts Need to Lift RevenueTesla Shareholders Should Re...

(Bloomberg) -- Bank of Japan Governor Kazuo Ueda indicated that the economy’s poor start to the year won’t push the central bank from a path of hiking interest rates because a growth rebound is anticipated.Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesHarvard Students Walk Out of Commencement Protesting SuspensionsCiti Trader Got 711 Warning Messages Before Sparking Flash CrashThese Flight Routes Suffer the World’s Worst TurbulenceIsrael t...

(Bloomberg) -- The French government said its deficit will be wider than anticipated as pressure mounts on Emmanuel Macron to cut expenses — or find new sources of state income.Most Read from BloombergUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will Get StuckChinese Cement Maker Halted After 99% Crash in 15 MinutesBond Trader Places Record Futures Bet on Eve of Inflation DataApple’s India iPhone Output Hits $14 Bill...

(Bloomberg) -- Germany’s manufacturing downturn unexpectedly deepened in February, with activity declining at a faster pace amid falling demand at home and abroad.Most Read from BloombergNvidia Set for Biggest Gain in Nine Months as AI Drives SalesBiden Touts $1.2 Billion in Student Loan Relief With Eye to 2024China Tightens Grip on Stocks With Net Sale Ban at Open, CloseYour 401(k) Will Be Gone Within a DecadeWhy Are There Suddenly So Many Car Washes?S&P Global’s purchasing m...

(Bloomberg) -- Right around the start of November, two words suddenly disappeared from the chatter in the bond market: debt supply. As bond prices surged across the developed world day after day, sending yields tumbling and handing investors some much-needed profits, the angst about soaring budget deficits melted away.Most Read from BloombergSEC X Account Compromised to Falsely Say Bitcoin ETFs ApprovedAmazon’s Twitch to Cut 500 Employees, About 35% of StaffUS and Allies Met Secretly With...

(Bloomberg) -- In some ways, Gabriel Attal, the 34-year-old picked by Emmanuel Macron on Tuesday as France’s youngest and first out gay head of government, has been a political star-in-the-making for well over a decade. In a television interview of students at the prestigious university Sciences Po in 2012, Attal made an impassioned speech for why the country’s youth is as engaged in politics as ever, prompting his schoolmates to crown him a “future president.” Most R...

(Bloomberg) -- European Union finance chiefs ended months of wrangling over fiscal rigor to agree on new rules that will aim to rein in debt and define the bloc’s ability to invest in key sectors such as defense for years to come.Most Read from BloombergVilified Zero-Day Options Blamed by Traders for S&P DeclineHarvard Financial Pain Grows as Blavatnik Joins Donor RevoltGiuliani Files for Bankruptcy After $148 Million Defamation LossUS Inflation Report to Show Fed’s Battle Is ...

(Bloomberg) -- The Swiss National Bank called an end to its tightening cycle and signaled a shift in currency policy as officials kept borrowing costs unchanged after inflation slowed emphatically.Most Read from BloombergCitigroup Offers Partial Early Bonuses to Encourage Staff DeparturesElon Musk Is Planning a New University in AustinWall Street Traders Go All-In on Great Monetary Pivot of 2024JPMorgan Is in a Fight Over Its Client’s Lost $50 Million FortuneOwner of the Philippines&#x201...

Biden is planning to make a formal request for additional foreign aid this week, including for Ukraine and Israel, but it’s unclear whether the House can act without a permanent speaker in place.

Fed Chair Jerome Powell made clear Wednesday the central bank is close to done raising interest rates, but his colleagues delivered the message that resonated: Borrowing costs must remain higher for longer amid renewed strength in the economy. ​