United States News

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The Republican-led Congress, faced with deepening economic discontent exacerbated by President Donald Trump's Iran war, is struggling to find consensus on any plan to address the cost of living with less than six months before midterm elections. Frustration is building among vulnerable GOP lawmakers and moderates who say the party is wasting valuable time on issues that aren't resonating with Americans while ignoring the concerns about prices and inflation dominating the campaign trail. Bloomberg's Balance of Power's Kailey Leinz and Joe Mathieu hit the road to preview elections in Georgia.

Rep. Yvette Clarke, Chair of the Congressional Black Caucus, joined Christina Ruffini and David Gura this morning on Bloomberg This Weekend fro a wide-ranging conversation following a Supreme Court ruling that struck down Louisiana's second majority-Black congressional district.

For decades, the global transition to renewable energy was a project of incrementalism — a slow-moving mosaic of carbon taxes, solar subsidies, and earnest international accords that often felt more aspirational than urgent. 

Policy wonks argued over the nuances of the Inflation Reduction Act, while climate activists lamented the glacial pace of the "energy pivot."

For the better part of a decade, the gilded youth of the financial world — the "crypto-native" generation — dismissed gold as a "boomer rock." 

To them, the heavy, yellow metal was an analog relic, a petrous souvenir of an era before the lightning-fast efficiency of the blockchain. 

For years, the global defence industry existed in a sort of polite exile. 

In the era of ESG mandates and the "peace dividend," shares in weapons manufacturers were often treated as the "tobacco stocks" of the new millennium — profitable, perhaps, but unseemly. 

U.S. hiring rebounded more sharply than anticipated in March as the return of striking healthcare workers and seasonal warming bolstered payrolls, providing a temporary reprieve for a labor market increasingly clouded by Middle East conflict and trade volatility.

The U.S. government has begun denying requests from companies seeking refunds for billions of dollars in illegal tariffs, despite a landmark Supreme Court ruling that struck down the levies last month.

Global energy markets are reeling as oil tracks toward its most significant weekly gain in four years, fuelled by escalating conflict in the Middle East.