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Goldman Lawyer, Epstein Conferred on Secret Service Sex Scandal

Kathryn Ruemmler, who resigned last week as the top lawyer at Goldman Sachs Group Inc., corresponded with Jeffrey Epstein about a prostitution scandal that engulfed the US Secret Service during her tenure as White House counsel under former President Barack Obama. In a dozen or so exchanges that were sent months after Ruemmler left her White House position in 2014, she complained to Epstein about "this secret service crap" and forwarded to him a draft email that contained detailed, nonpublic information about the behind-the-scenes role the White House Counsel's office played in investigating the 2012 prostitution scandal. Bloomberg News Senior Investigative Reporter Jason Leopold joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

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Bloomberg

Yared Optimistic About US Growth, Weighs In on Tariff Study

Pierre Yared, acting chair of the White House Council of Economic Advisers, expresses cautious optimism about sustaining economic growth into 2026 and addresses recent studies claiming that over 90% of tariff costs are passed on to consumers, explaining that these pass-through regressions only measure changes in relative prices and do not identify who ultimately bears the tariff burden. He speaks on "Bloomberg The Close."

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Bloomberg

'Time Spent' on Instagram Still Important: EMARKETER's Smiley

Meta says it no longer focuses on how much time users spend on Instagram, but Minda Smiley, senior analyst at EMARKETER, says the metric is still crucial for social networks and their bottom lines. She says any changes Meta or other companies are forced to make because of ongoing litigation could have a financial impact. Smiley joins Ed Ludlow on "Bloomberg Tech."

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Bloomberg

Walmart's Cautious Outlook Reflects Uneven State of US Economy

Walmart Inc. forecast less growth in earnings this year than Wall Street was expecting, citing the need for flexibility in unpredictable times for consumers. The world's largest retailer said it expects adjusted earnings to rise to between $2.75 and $2.85 per share this fiscal year. Analysts on average were expecting profit to jump to $2.97 per share. Bloomberg's Emily Cohn joins to discuss on Bloomberg Intelligence.

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