Federal Reserve Bank of Cleveland President Beth Hammack said policy at the moment is right around neutral, but she would prefer interest rates to be slightly more restrictive to keep putting pressure on inflation, which is still running too high. Hammack spoke Friday during an event in Cincinnati.
A group of influential Swiss lawmakers proposed watering down the capital demands that the country wants to impose on UBS Group AG, sending shares to a 17-year high as investors bet the initiative will ultimately pave the way for a compromise. UBS had said the original plan could hurt the bank and economy. Bloomberg's Sridhar Natarajan reports.
The Duckhorn Portfolio is among North America's premier luxury wine companies, with a history dating back nearly 50 years. The company's wines are available throughout the United States, on five continents, and in more than 50 countries around the world. Robert Hanson was named CEO of The Duckhorn Portfolio early 2025. He discusses some of Duckhorn's newest offerings, and details plans for its next era of growth with Alexis Christoforous, Kristine Aquino and Bailey Lipschultz on Bloomberg Businessweek Daily.
Liz Ann Sonders, chief investment strategist at Charles Schwab, explains why earnings can push equities higher next year in an unstable macro environment.
Federal Reserve Bank of Chicago President Austan Goolsbee and Federal Reserve Bank of Kansas City President Jeff Schmid explained their reasons for dissenting against the US central bank's decision to cut interest rates this week in separate statements released on Friday. Michael McKee reports on Bloomberg Television.
Federal Reserve Bank of Philadelphia President Anna Paulson expects inflation to cool next year but warned there is a risk of a further downturn in the labor market. Paulson said Friday in Delaware, "On net, I am still a little more concerned about labor market weakness than about upside risks to inflation."
SoftBank Group Corp. is looking at potential acquisitions including data center operator Switch Inc., as billionaire founder Masayoshi Son seeks to ride an AI-fueled boom in digital infrastructure. Matt Bloxham on Bloomberg Intelligence has more.
Broadcom Inc. slumped after its sales outlook for the AI market failed to meet investors' expectations and unsettling commentary from Chief Executive Officer Hock Tan on a conference call with analysts. Matt Bloxham on Bloomberg Intelligence has more.
Christian Mueller-Glissmann, asset allocation research head at Goldman Sachs, discusses the outlook for the economy and inflation in 2026. He speaks on Bloomberg Television.
Celsius Resources (ASX:CLA) announced its first JORC-compliant ore reserve estimate for the Maalinao-Caigutan-Biyog Copper-Gold Project in the Philippines, operated through its affiliate Makilala Mining.
The maiden reserve defines 130.2 million tonnes of underground ore grading 0.66% copper and 0.21 g/t gold, containing approximately 856,000 tonnes of copper and 891,000 ounces of gold at a 0.84% copper-equivalent grade.
AI-enabled pharmaceutical company Algorae Pharmaceuticals (ASX:1AI) has received the comprehensive in silico synergy predictions generated by its AlgoraeOS v2 platform, covering over 500,000 potential combinations of cannabidiol with more than 3,000 approved and investigational drugs across 170 cell lines.
