The U.S. has a long history of taxing imports, but mostly moved away from that approach starting in the 1930s with a shift towards free trade. However, tariffs saw a resurgence under President Donald Trump, who aimed to boost American manufacturing and address what he called China's unfair trade practices. President Joe Biden has continued this trend, maintaining higher tariffs.
France's youngest finance minister faces the challenge of managing the country's soaring public finances during a time of political uncertainty.
China's anti-graft agency reported that it punished 589,000 individuals for discipline violations in the first nine months of the year. This included cases of accepting or offering bribes. The crackdown highlights the government's ongoing efforts to combat corruption at all levels.
China's recent stimulus rollout aims to boost domestic demand and meet the nation's annual growth target, according to Vice Finance Minister Liao Min. Investors are now waiting for a lawmakers' meeting set to reveal details of Beijing's important fiscal package.
Delta Air Lines has filed a lawsuit against cybersecurity firm CrowdStrike following a major software update this summer that disrupted millions of computers globally. The incident significantly affected Delta, grounding much of its passenger fleet. The airline is seeking damages, claiming the update caused "catastrophic" chaos.
Morocco plans to loosen its exchange rate regime by 2026, resuming a gradual reform process paused during the pandemic. This was announced by the central bank governor in a recent interview.
Investors, used to the ongoing trade tensions between the US and China, appear ready to take on the risk of potential higher tariffs after the upcoming US presidential election. Many are leaning towards Chinese assets, anticipating more government stimulus to support the economy.
The US Securities and Exchange Commission has rejected Elon Musk's offer of $2,923 to settle claims related to his 2022 Twitter purchase. The SEC argues that the amount is insufficient for the three agency lawyers who were prepared to question him last month in the ongoing investigation.
Bloomberg Television features expert insights and analysis just before and after the closing bell on Wall Street. Today's lineup includes Chuck Lieberman from Advisors Capital Management, Amanda Lewis from Cuneo Gilbert & LaDuca LLP, Jay McCanless of Wedbush Securities, Michael Zezas from Morgan Stanley, Ellen Hazen of F.L. Putnam, Chris Cain from Bloomberg Intelligence, Eric Van Nostrand of the Treasury Department, Sean Dobson of Amherst, Patrick Murphy from Togal.AI, Aisha Bowe, founder and CEO of Lingo, and former MLB player Johnny Damon.
This week, we have a special conversation with Geoffrey Hinton, the "Godfather of AI," following his Nobel Prize win. He shares insights on the new risks associated with AI, what it means for CEOs, and how close we are to AI surpassing human intelligence. We also visit Mexico to explore how near-shoring is changing the business landscape. In an exclusive interview, we hear from Mexico's Economy Minister Marcelo Ebrard, marking his first talk with foreign press since his appointment.
