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  • Jan 10, 2025

Argentines Are Increasingly Positive About the Milei Economy

(Bloomberg) -- Argentines are turning more optimistic about the future of their nation’s beleaguered economy, a shift that stands to embolden austerity-minded President Javier Milei ahead of midterm elections later this year.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores

  • Jan 10, 2025

Lula Disapproval Hits New High With Brazilians Pessimistic About Economy

(Bloomberg) -- Disapproval of Brazil’s Luiz Inacio Lula da Silva reached the highest level of his term in December on growing frustration with the leftist president’s economic stewardship.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Nearly

  • Jan 09, 2025

China’s Market Support Falls Short as Economic Gloom Deepens

(Bloomberg) -- An escalation of China’s fight against bearish traders has failed to allay fears that the world’s second-largest economy is headed for a deflationary spiral. Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’The renewed effort by

  • Jan 09, 2025

Global money market funds draw huge inflows on caution over potential tariffs

Investors piled into global money market funds in the week through Jan. 8, spurred by concerns over potential tariff increases with the upcoming change in the U.S. administration and caution ahead of a critical jobs report that could reshape expectations for Federal Reserve rate cuts. According to LSEG Lipper data, investors channelled $158.73 billion into global money market funds, their second largest weekly net purchase since April 2020. U.S. President-elect Donald Trump, set to take office on January 20, has pledged to impose a 10% tariff on all global imports to the U.S. Additionally, he has threatened to implement a 25% tariff on imports from Canada and Mexico on his first day in office.

  • Jan 09, 2025

US economy likely added 153,000 jobs last month, returning to normal after strike and hurricanes

Getting a clear view of the U.S. job market hasn’t been easy the past few months. Hurricanes and a big strike at Boeing threw off the October jobs numbers, pushing them down and setting up a payback rebound in November that likely exaggerated the strength of hiring. The December jobs numbers, out Friday from the Labor Department, are expected to deliver a more accurate reading of where things stand.

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