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Bloomberg

Why Sweden Is Becoming a Defense Powerhouse as Europe Rearms

Sweden is known for its social welfare system and has a long history of neutrality, but as Europe races to rebuild its military strength after Russia's invasion of Ukraine, the Nordic country is emerging as an important player. We take a look at how Saab and Sweden's broader defense ecosystem have become central to Europe's rearmament, why the country was better prepared than many of its neighbors, and what its European peers can learn from it.

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Bloomberg

Is the US Jobs Market Starting to Crack? Steven Rattner on Tariffs, AI and Stagflation

The latest jobs data is pointing to a softer US labor market, even as overall economic conditions have remained relatively solid. Steven Rattner of Willett Advisers unpacks what is driving that disconnect, why tariffs may be adding pressure on employers, how AI is already influencing hiring decisions, and why the combination of forces could create a challenge for the Fed and for investors.

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Bloomberg

Judge Rejects Subpoenas of Fed in Powell Case, DOJ to Appeal

A federal judge rejected Justice Department subpoenas seeking records from the Federal Reserve Board related to its headquarters renovations and Chair Jerome Powell's comments to Congress. The judge said the government had no evidence to justify the subpoenas and they reflected an "improper motive" of retaliating against Powell over policy differences. The US Attorney's Office for the District of Columbia said they would appeal the decision, which was welcomed by a Republican senator who called the investigation "a failed attack on Fed independence". Bloomberg's Elliot Stein joins to discuss.

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