Wall Street I-Buyers Are Losing to the Little Guy

Bloomberg’s Prashant Gopal explains how every day homebuyers are outsmarting the pros and Wall Street in this “Bloomberg Big Take.” Follow Bloomberg for business news & analysis, up-to-the-minute market data,…

Yellen Says We’re Not Seeing a Wage-Price Spiral

US Treasury Secretary Janet Yellen talks about how the pandemic caused extreme demand-supply imbalances. She says “we’re not seeing a wage-price spiral.” She spoke exclusively to Bloomberg’s Chris Condon in…

Fed May Have to Stay Higher for Longer, Jim Bianco Says

“We’ve got everybody yelling, peak, peak, peak and yeah, inflation has peaked, but it wasn’t going to stay at 9% forever. The real question is, can it get to the…

US GDP Expands as Initial Jobless Claims Fall

US GDP increased at a 2.9% annualized rate in final three months of 2022 after a 3.2% gain in the third quarter, the Commerce Department’s initial estimate showed, as initial…

US Teetering Toward Recession, Stifel’s Piegza Warns

The US economy is seeing “a clear loss of momentum,” Stifel Chief Economist Lindsey Piegza says on “Bloomberg Surveillance.” GDP increased at a 2.9% annualized rate in final three months of…

Can Men’s Underwear Sales Signal a Recession?

In this “Big Take,” we look at why it’s so tricky to figure out if a US recession is coming. Bloomberg’s Katia Dmitrieva is on “Bloomberg Markets: The Close.” Follow…

US PCE Inflation Eases, Personal Spending Falls in Dec.

US personal consumption expenditures climbed 5% year-over-year in December, the slowest pace since late 2021, affirming expectations for Federal Reserve policymakers to further downshift the pace of interest-rate hikes. Michael…

Costa Says Chile Interest Rate `Will Be Maintained Steady’

Read more about this story here: http://bit.ly/3XJCRDx Chile’s central bank President Rosanna Costa is pushing back against bets that policymakers will start a series of steep interest rate cuts in…

Genesis Seeks $21 Million From ‘Bitcoin Jesus’

A Genesis unit is seeking more than $20 million from Bitcoin Cash backer Roger Ver, known to some as “Bitcoin Jesus,” alleging that he failed to settle cryptocurrency options transactions…

Are Things Looking Up for the Euro?

After a traumatic 2022, the euro’s outlook may have turned a corner. Markets are expecting the ECB to embark on a strenuous anti-inflation campaign this year, just as slowing US…