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Fed Frontrunner Hassett a 'Credible' Economist, Says Citi's Kaiser

White House National Economic Council Director Kevin Hassett is seen as the frontrunner to be the next Federal Reserve chair.

White House National Economic Council Director Kevin Hassett is seen as the frontrunner to be the next Federal Reserve chair.. Hassett is seen as closely aligned with President Trump’s view on the economy, including that interest rates need to be lowered further. Hassett also criticized the central bank for losing control of inflation in the wake of the pandemic. However, Citi Head of US Equity Trading Strategy Stuart Kaiser referred to Hassett as being 'on...
Bloomberg Markets • Nov 25, 8:14 PM
REG

Trump Administration Sued by States Over Homelessness Funds

The Trump administration was sued by a group of states over changes to a federal housing-assistance program that allegedly put $3 billion in funding at risk and could force 170,000 people onto the streets.

The Trump administration was sued by a group of states over changes to a federal housing-assistance program that allegedly put $3 billion in funding at risk and could force 170,000 people onto the streets.
Bloomberg Politics • Nov 25, 8:13 PM
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Best Buy Gains As Improved FY Guide Beats Consensus

Best Buy raised its guidance for the current fiscal year, as demand for the latest consumer technology drove revenue and profit ahead of Wall Street’s estimates in the most recent period.

Best Buy raised its guidance for the current fiscal year, as demand for the latest consumer technology drove revenue and profit ahead of Wall Street’s estimates in the most recent period. Bloomberg Intelligence's Lindsay Dutch discussed the earnings on "Bloomberg Markets" with Scarlet Fu. (Source: Bloomberg)
Bloomberg Markets • Nov 25, 7:58 PM
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Kohl’s Surges as Higher Sales Signal Positive Holiday Trends

Kohl's rises after raising its full-year outlook for the second straight quarter, adding to a steady stream of retailers reporting stronger-than-expected results, like Abercrombie & Fitch.

Kohl's rises after raising its full-year outlook for the second straight quarter, adding to a steady stream of retailers reporting stronger-than-expected results, like Abercrombie & Fitch. Bloomberg Intelligence's Senior Retail Equity Research analyst Mary Ross Gilbert discussed the earnings on "Bloomberg Markets" with Scarlet Fu. (Source: Bloomberg)
Bloomberg Markets • Nov 25, 7:56 PM
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The Secret to Warren Buffett’s Success

You can’t recreate Buffett’s luck, explains Bloomberg Opinion columnist Beth Kowitt, but you can recreate his mentality.

You can’t recreate Buffett’s luck, explains Bloomberg Opinion columnist Beth Kowitt, but you can recreate his mentality. (Source: Bloomberg)
Bloomberg Markets • Nov 25, 7:52 PM
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Stay In the AI Trade Says JPMorgan’s Aliaga

Stephanie Aliaga, a global market strategist at JPMorgan Asset Management, discusses the fall in Nvidia shares and why investors should stay in the AI trade despite concerns about a bubble.

Stephanie Aliaga, a global market strategist at JPMorgan Asset Management, discusses the fall in Nvidia shares and why investors should stay in the AI trade despite concerns about a bubble. She joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Bloomberg Markets • Nov 25, 7:52 PM
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US' Ukraine Policy Whiplash Benefits Moscow

US and Russian delegations are meeting in Abu Dhabi, with US Army Secretary Dan Driscoll discussing a peace proposal with Russian officials.

US and Russian delegations are meeting in Abu Dhabi, with US Army Secretary Dan Driscoll discussing a peace proposal with Russian officials. This follows negotiations in Geneva over the weekend that narrowed the peace blueprint to a new list of proposals, though some of the most difficult issues still need to be negotiated, including territorial and security guarantees. As talks continue, Russia and Ukraine exchanged fire overnight, with airstrikes on Kyiv and southern Russian areas,...
Bloomberg Markets • Nov 25, 7:51 PM
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Witkoff Advised Russia on How to Pitch Ukraine Plan to Trump

US presidential envoy Steve Witkoff, fresh from the triumph of the Gaza peace deal, held a phone call last month with a senior Kremlin official to suggest they work together on a similar plan for Ukraine — and that Vladimir Putin should raise it with Donald Trump.

US presidential envoy Steve Witkoff, fresh from the triumph of the Gaza peace deal, held a phone call last month with a senior Kremlin official to suggest they work together on a similar plan for Ukraine — and that Vladimir Putin should raise it with Donald Trump.
Bloomberg Politics • Nov 25, 7:49 PM
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US, Russia Meet in UAE as Moscow and Kyiv Trade Fire

Kelly Grieco, senior fellow at the Stimson Center, said that 'slow, costly gains' made by Russia may force Ukraine to make decisions on peace negotiations before the harshest part of winter sets in on the battlefield.

Kelly Grieco, senior fellow at the Stimson Center, said that 'slow, costly gains' made by Russia may force Ukraine to make decisions on peace negotiations before the harshest part of winter sets in on the battlefield. Grieco also says that Russia has its own decisions to make, as Putin attempts to mobilize more manpower to Ukraine. (Source: Bloomberg)
Bloomberg Markets • Nov 25, 7:48 PM
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Veteran Democrats Who Defied Trump Say They’re Under FBI Probe

Democratic lawmakers who publicly urged the intelligence community and military members to disobey unlawful orders said they’re facing an FBI inquiry following President Donald Trump’s call for them to be tried for sedition.

Democratic lawmakers who publicly urged the intelligence community and military members to disobey unlawful orders said they’re facing an FBI inquiry following President Donald Trump’s call for them to be tried for sedition.
Bloomberg Politics • Nov 25, 7:43 PM
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Swalwell Claims Pulte Abused Power to Target Trump Critics

Representative Eric Swalwell, a California Democrat who has been a frequent critic of Donald Trump, filed a lawsuit on Tuesday claiming Federal Housing Finance Agency Director Bill Pulte abused his power to retaliate against one of the president’s political opponents.

Representative Eric Swalwell, a California Democrat who has been a frequent critic of Donald Trump, filed a lawsuit on Tuesday claiming Federal Housing Finance Agency Director Bill Pulte abused his power to retaliate against one of the president’s political opponents.
Bloomberg Politics • Nov 25, 7:10 PM