🇺🇸 United States fact checks

Fruit Fly Review: Josh Silver Novel Asks Who Profits When Writers Steal Stories

The buzzy new book Fruit Fly has renewed a long-standing debate.

Vapes, Liquor, Soft Drinks Face Higher Taxes in Philippines

The Philippines wants to impose higher taxes on products that cause health problems, including soft drinks, e-cigarettes and alcohol, to more than offset losses from President Ferdinand Marcos Jr.’s pro-consumer measures.

Stock Movers: HSBC, BP, Smith & Nephew (Podcast)

Source: Bloomberg, 4:56

Trump keeps making threats. Washington and the world have stopped flinching.

The president’s bombast has ceased to rattle world leaders, who have seen him fenced in by courts, rebuffed by Congress and strung along by Iran.

HSBC's Solid Beat, BP's Fresh Momentum, More

Source: Bloomberg, 7:56

AIPAC front and center in Bell-Bush rematch

The rematch between Rep. Wesley Bell and Cori Bush puts the U.S.-Israel relationship under scrutiny.

Bank of Korea Minutes Back More Hikes on Inflation, Growth

The Bank of Korea saw a need for further interest-rate hikes after last month’s increase, as stronger growth threatened to keep inflation elevated and financial stability risks continued to build, minutes from July’s meeting showed.

Singapore Lawmakers Question Plan to Bulldoze Forests for Homes

Singapore lawmakers raised questions over plans to build homes on two forested sites, reopening a debate over how the land scarce city-state should balance its housing needs with environmental conservation.

SpaceX’s First Earnings Offer a Chance to Reverse Stock’s Plunge

SpaceX’s first earnings report following its blockbuster initial public offering is one of the most anticipated events of the summer on Wall Street. Whether it’ll give investors a reason to buy the sinking stock is another matter.

Nigeria’s NNPC Takes $4.5 Billion Loan for Nation’s Priorities

Nigeria said it approved a $4.5 billion arrangement with the state-owned energy firm that will liberate funds to bolster foreign-exchange reserves and spending on the government’s ongoing infrastructure priorities.

Most of G-7 Is Spending More on Interest Than Defense, Scope Says

Every Group of Seven country apart from Germany and Canada now faces interest costs that exceed defense expenditure, Scope Ratings said.

Deadly Protests Overshadow Pakistan’s Elections in Kashmir

Elections in the Pakistan-administered territory of Kashmir have been marred by violent clashes between protesters and security forces, underscoring the fragile security situation in the region.

Cars, Luxury Underperfom in Bright Europe Earnings Season

European luxury labels and carmakers continued to underperform as Chinese competition and weak consumer sentiment hindered recovery, tainting an otherwise upbeat earnings season in the region.

Risk Demand Grows for Europe as AI Woes Hit US, Citi’s Chew Says

Europe’s stock market is the only major region to have experienced a meaningful improvement in risk appetite in recent weeks, supported by fresh capital inflows and better-than-expected earnings, according to strategists at Citigroup Inc.

BP Is Seeing Strong Interest in Its North Sea Business, CEO Says

BP Plc has received approaches for its North Sea business just days into the sale process, according to the company’s chief executive officer.

Apple’s India Sales Top $10 Billion on Widening Retail Push

Apple Inc. exceeded $10 billion in annual sales in India for the first time last fiscal year, underscoring surging demand for its pricey devices in a market where it’s steadily ramping up its retail network.

Bond Funds Turn to Europe as Global Risks Become Harder to Price

European bonds are emerging as a safer choice for fund managers as they try to navigate an increasingly fraught global backdrop.

KKR-Backed Infinx Services Said to Weigh $300 Million India IPO

Infinx Services Pvt., a healthcare revenue cycle management company, is considering an initial public offering of as much as $300 million in India, according to people familiar with the matter, joining a growing pipeline of healthcare services firms seeking to tap the country’s buoyant equity markets.

Europe’s Earnings Are Much Stronger Than They Look

Europe Inc. is delivering one of the strongest earnings scorecards in years, setting up regional stocks to scale fresh peaks as analysts turn even more optimistic about a broad range of sectors.

Savary: Dollar Dominance to Remain for Decades (Video)

Stock Movers: Zhongji Innolight, MUFG, Toyota (Podcast)

Source: Bloomberg, 5:03

Russia Mulls Aid to Sellers As Ukraine Hits E-Commerce Giant

Russia is weighing support for retailers after Ukrainian strikes caused billions of dollars of estimated losses at warehouses owned by Wildberries, the country’s answer to Amazon.

HSBC's Billion Dollar Buyback, BP's Profit Surge Amid Overhaul

Source: Bloomberg, 0:00

BP’s Profit Surges as Oil Trading and Refining Boom During War

BP Plc posted its strongest quarterly profit in more than four years as its refining and trading businesses boomed during the Iran war.

Bayer Earnings Beat Estimates on Crop Science Strength

Bayer AG posted better-than-expected profit in the second quarter, helped by a strong performance in its crop science business.

FTSE 100 Live: UK Stock Futures Rise, Pound Eases on Busy Earnings Day

Lufthansa Warns of Profit Risk as Jet Fuel Roils Industry

Deutsche Lufthansa AG warned of heightened uncertainty for its full-year outlook as volatility in jet fuel prices and shortened booking cycles complicate efforts to boost profit.

Bloomberg's Daybreak Europe: HSBC's $1 Billion Reward (Podcast)

Source: Bloomberg, 21:02

BlackRock Launches Tokenized Money Market Funds in Europe

BlackRock Inc. is bringing blockchain technology to its flagship money market funds in Europe, in the latest sign of Wall Street’s growing ambition to expand use of digital-asset technology in mainstream finance.

Ukraine Deploys Killer Robots to Narrow Manpower Gap With Russia

When a group of Russian assault troops approached Ukrainian defenses on a section of the front line in eastern Donetsk, they were met by an unexpected adversary: a battle robot armed with a flamethrower.

Aramco Profit Jumps 33% as US War With Iran Boosts Oil Prices

Saudi Aramco reported a 33% increase in second-quarter profit as it benefited from a war-driven surge in oil prices, while keeping exports flowing through a pipeline that bypasses the Strait of Hormuz.

HSBC Results Beat, Rhine River Lowest Since 1880, More

Source: Bloomberg, 0:00

HSBC's Elhedery on Buybacks and Vision for Bank Overhaul

HSBC Chief Executive Officer Georges Elhedery speaks to Bloomberg's Francine Lacqua about the bank's announcement of a fresh stock buyback as it reports second-quarter earnings that beat estimates, despite China’s crackdown on cross-border wealth flows. (Source: Bloomberg)

Citi Says Japan Has Yen Defense Tools Beyond Treasury Sales

Japan has alternative tools to defend the yen without liquidating its more than $1.1 trillion US Treasury portfolio as its short-term debt holdings run low, according to Citigroup Inc.

India Orders Dabur to Halt Sales of Products With ‘100%’ Claims

Dabur India Ltd. has been ordered by the food regulator to immediately halt sales of products marketed with claims of ‘100%’ purity, which officials say are ambiguous, unverifiable and likely to mislead consumers.

Bank of America Taps New Africa, Benelux Investment Bank Leads

Bank of America Corp. has appointed veteran dealmakers Simbah Mutasa and Sjoerd van Hooijdonk to lead its Africa and Benelux franchises respectively, as the lender seeks to win a bigger share of corporate and investment banking business in the two regions.

Stock Swings: Keep It Simple and Look to the Earnings

There are plenty of explanations for the market’s movements. Try the basic one.

Jefferies' Cui Cui on Wuxi Apptec's Earnings

Jefferies Head of Asia Healthcare Research says the outlook for Wuxi Apptec remains bright. She spoke with "Bloomberg: The China Show" after Wuxi Apptec reported an earnings beat and raised its full year guidance. (Source: Bloomberg)

Death Tax: Andy Burnham’s Social-Care Drive Is Personal for Us All

“I would never forgive myself if I hadn’t tried.” So said new UK Prime Minister Andy Burnham as he set out his mission to resolve the seemingly intractable question of how to fund adult social care in a rapidly aging, already over-taxed society.

Big AI Bets Divide Venture Capital, Leaving Smaller Funds Behind

Early last year, venture capital firm Felix Capital set out to raise $600 million for its next fund, touting previous investments in fitness-machine maker Peloton Interactive Inc. and food-delivery service Deliveroo. But investors want to see returns from older funds before they commit new capital, and Felix is still $150 million short of its target, according to a person with knowledge of the matter.