Australia Breaking News

JPMorgan Chase Chair and CEO Jamie Dimon says he is still worried about inflation risk during an interview with Bloomberg's Francine Lacqua on "Bloomberg Open Interest."

For years, Epstein's office relied on American Express to arrange trips not just for the disgraced financier, who'd pleaded guilty to procuring a minor for prostitution, but for dozens of women, often Eastern European. His Centurion relationship manager also booked and canceled trips that were never meant to be taken, a move aimed at helping the women obtain visas, according to emails released by the Department of Justice. Bloomberg's Max Abelson discusses with host Carol Massar and Tim Stenovec.

US inflation accelerated in April amid an ongoing climb in gasoline prices and a jump in the cost of groceries. The consumer price index rose 3.8% from a year earlier, the fastest pace since 2023, while the core CPI, which excludes food and energy, increased 0.4% from a month earlier and 2.8% from a year earlier. Michael McKee breaks down the numbers on Bloomberg Television.

Edward Yardeni, president at Yardeni Research, examines "extraordinary" first-quarter earnings results as he boosts his year-end target for the S&P 500 to 8,250. He discusses the role of the consumer in driving economic resilience and says he's "not getting freaked out" by the current level of bond yields.

Russ Koesterich, Global Allocation Fund portfolio manager at BlackRock, says investors don't want to miss out on "remarkable" earnings and sees bond yields as "relatively contained" in the United States.

Traffic in the Strait of Hormuz remains at a standstill, with the US President saying the ceasefire is on "massive life support". Dubravko Lakos, Global Head of Market Strategy at JPMorgan, says inventories have helped to offset to the energy shock so far, but we're now heading towards so-called "operational stress levels" that could potentially force the reopening of the Strait. Lakos joined Bloomberg's Francine Lacqua at JPMorgan's Global Markets Conference in Paris.

The expansion of the partnership between Qatar Investment Authority and General Atlantic was a "great opportunity" said Chairman and CEO Bill Ford, after QIA announced it was committing $500 million to General Atlantic's global growth equity investment strategies. Ford made the comments in an interview with BTV's Joumanna Bercetche on Tuesday.

Private credit may have been hit by negative headlines, but inflows are unquestionably strong, says Sanjay Jhamna, Head of Global Credit Trading at JPMorgan. He says the fact that recent AI model releases did not result in a negative market reaction shows that the shock has passed for the software sector. Jhamna joined "The Pulse with Francine Lacqua" at the JPMorgan's Global Markets Conference in Paris.

Australia disclosed a $14.8 billion fuel security and price relief package in tonight’s budget.

The Australian government unveiled a $780 million annual deregulation package to slash financial sector red tape.

The Albanese government unveiled a landmark 2026 Budget productivity package, featuring $10.2 billion in regulatory savings.

Treasurer Jim Chalmers has confirmed a sweeping overhaul of Australia’s tax landscape.