News

Nielsen Study on Latino Sports Fans Shows Untapped Market Potential

For generations, the Latino population in the United States has transformed the way sports in the United States have been played and consumed. Yet despite their contributions to the fields of play, seats in the executive suites—whether of the teams and leagues or their business partners—have historically been harder to come by. Latinos in Sports …

German Economy to Pick Up Speed Again, Bundesbank’s Nagel Says

(Bloomberg) -- Germany’s economy is likely to gather pace as several of the causes behind its recent weakness prove short-lived, according to Bundesbank President Joachim Nagel.Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportNY’s MTA Warns Against Borrowing More

Passive Funds Boost Treasury Trading at Month-End, Fed Blog Says

(Bloomberg) -- The final day of each month has become the busiest trading session for US Treasuries, according to two Federal Reserve Bank of New York researchers.Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportNY’s MTA Warns Against Borrowing More Than $13 Bill

EIG’s Brazil Oil Port to Boost Exports With Repsol as New Client

(Bloomberg) -- EIG Global Energy Partners has added Spanish oil major Repsol SA as a client for shipping crude overseas from its port facilities in southeast Brazil.Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportNY’s MTA Warns Against Borrowing More Than $13 Bi

Mexico’s Annual Inflation Slows and Sets Up Another Rate Cut

(Bloomberg) -- Mexico’s headline inflation slowed more than expected in early September, giving Banco de Mexico room to cut borrowing costs for a second straight month at this week’s interest rate meeting.Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportNY’s MTA

Fed's Bowman: Lingering inflation risks warrant more cautious cuts

U.S. Federal Reserve Governor Michelle Bowman said on Tuesday key measures of inflation remain "uncomfortably above" the Fed's 2% target, warranting caution as the Fed proceeds with cutting interest rates. Bowman said she agreed that progress on lowering inflation since it peaked in 2022 means it is time for the Fed to reset monetary policy. "Core" inflation refers to the Personal Consumption Expenditures price index stripped of food and energy costs, which Fed officials consider a good guide to overall inflation trends and which Bowman said she expects was running still at around 2.6% through August.

Bowman Says Fed Must Keep Eye on Inflation, Upside Risks Remain

(Bloomberg) -- Federal Reserve Governor Michelle Bowman said the central bank should lower interest rates at a “measured” pace, arguing that inflationary risks remain and that the labor market has not shown significant weakening. Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northern Ireland’s

Exclusive-German institutes expect economy to contract again in 2024, say sources

BERLIN (Reuters) -Germany's leading economic institutes have downgraded their forecast for 2024 and now see Europe's largest economy shrinking by 0.1%, people familiar with the figures from the autumn joint economic forecast told Reuters on Tuesday. Germany's economy was the weakest among its large euro zone peers last year with a 0.3% contraction. Inflation was expected to fall to 2.2% this year, from 5.9% last year, the sources said.