Federal Reserve Bank of New York President John Williams said he expects inflation to continue falling in the second half of this year, adding that elevated borrowing costs are restraining the economy. from Bloomberg Markets https://ift.tt/Epibtke
Benin is set to allow oil from Niger to be shipped through its port after China stepped in to mediate a dispute between the neighboring West African nations, according to a person familiar with the matter. from Bloomberg Markets https://ift.tt/djkUYZ7
EY Parthenon Chief Economist Gregory Daco examines Thursday’s batch of US economic data and explains why the labor market is a critical bellwether for inflation going forward. Gregory speaks with Tom Keene, Paul Sweeney and Lisa Mateo on Bloomberg Radio. Get more on the Bloomberg Surveillance Podcast: Apple: http://bit.ly/3OPtReI Spotify: http://bit.ly/42xmHPz Anywhere: http://bit.ly/3oOD8ZH (Source: Bloomberg)…
Traders reported issues with live pricing for the S&P 500 Index and Dow Jones Industrial Average, which haven’t shown pricing updates since 10:41 a.m. New York time. from Bloomberg Markets https://ift.tt/NYnoFcq
Anthony Diamandakis, global head of global asset managers at Citi, says private equity markets are in a new elevated normal in dealmaking and expects activity to pick up in the next several years. He spoke on May 29 on “Bloomberg Brief.” (Source: Bloomberg) from Bloomberg Markets https://ift.tt/03BtRQA
WeWork Inc. won bankruptcy court approval to shed billions in debt, drop unprofitable leases from its office workspace portfolio and leave behind the legacy of its co-founder Adam Neumann. from Bloomberg Markets https://ift.tt/vzoasJW
The Consumer Financial Protection Bureau is taking an initial step toward tightening rules for fees charged in the home-buying process. from Bloomberg Markets https://ift.tt/TfP0u21
The proportion of US securities transactions failing to settle remained largely steady on Wednesday, as Wall Street aced the first major test of its move to a faster trading system. from Bloomberg Markets https://ift.tt/ouzM95V
Salesforce Inc. shares slid by the most in almost 16 years after the software maker projected the slowest quarterly sales growth in history, renewing concerns that the company will be left behind in the artificial intelligence boom. from Bloomberg Markets https://ift.tt/2bIeqKH
Singapore is one of the most stressed-out places on the planet. Bloomberg Opinion columnist Karishma Vaswani says it’s time to chill and recognize success can look different. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/jwQ7DaZ