US Sales of Existing Homes Fall to Three-Month Low
US sales of existing homes fell to a three-month low in July as elevated prices and mortgage rates continued to weigh on the housing market. Michael McKee reports on "Bloomberg Open Interest."
US sales of existing homes fell to a three-month low in July as elevated prices and mortgage rates continued to weigh on the housing market. Michael McKee reports on "Bloomberg Open Interest."
Laura Cooper, Nuveen Global Investment Strategist, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the rise in real yields and the case for the Federal Reserve's policy tightening.
Elie Maalouf, chief executive officer at InterContinental Hotels Group Plc, discusses the hotel group's first-half performance, factors contributing to demand and the outlook for the second half. "There's a sense of prosperity," Maalouf tells Bloomberg Television. "And within that sense of prosperity, where people want to spend their time and money is on experiences."
Michael Lewis, CEO of German energy company Uniper, says the firm has identified more than 10 sites that could be sold or leased for use as data centers, with at least two in Germany and one in the UK. He speaks on Bloomberg Television.
Another wave of intense heat is sweeping across an already parched Europe this week, raising wildfire risks, threatening crops and drying watersheds feeding the region's critically low rivers. Europe's fifth major heat wave of the year is likely to block moisture-bearing clouds from helping refill rivers such as the Rhine, Po and Danube, where record low water levels have disrupted navigation and power production. Climate change is increasing the frequency and intensity of extreme heat on the world's fastest-warming continent, straining power grids, sapping water supplies and curbing farm output. Our Weather and Climate Reporter Joe Wertz joined Stephen Carroll and Tiwa Adebayo on Bloomberg Radio to discuss.
Benedicte Lowe, Europe equity derivates strategist at BNP Paribas Markets 360, says it's "undeniable that the macro story is picking up in Europe," and that means "positive picture for stocks." She speaks on Bloomberg Television.
After decades of winning over Chinese buyers with its German engineering, Mercedes-Benz Group AG sold only 1,153 units in China in the first half of 2026, a fraction of the more than 80,000 similarly priced SU7 sedans Xiaomi Corp. delivered in the period. The performance echoes the challenges BMW AG, Volkswagen AG and Porsche AG face in China, where they all reported second-quarter sales declines of at least 30%, worse than the overall market's drop. Bloomberg's William Wilkes reports.
The RBA holds its key rate at 4.35% in an unanimous decision, wth the central bank saying it will hike further if required.
Nvidia is becoming the "banker of choice to the AI ecosystem" as it seals $500 billion commitments from Wall Street giants. Meanwhile, Intel is looking at its first share sale since the 1970s. Bloomberg's reporters and market watchers make sense of the multibillion-dollar figures, with one noting the capital raise could be a "double-edged" sword for Nvidia.
The BJP's Bengal spokesperson Keya Ghosh discusses student protests over alleged exam irregularities in the Indian state of Jharkhand. She defends the BJP's handling of recent protests in Delhi and accuses the opposition of hypocrisy over its response to the Jharkhand demonstrations.
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