News

Bond Market Gains Fade as Trump, Inflation Keep Yields High

(Bloomberg) -- To US Treasury Secretary Scott Bessent, the yield on 10-year government debt is the key gauge for President Donald Trump’s goal of getting lower interest rates. Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi Drivers Navigate the City Without GPSThree week

Coke’s $7 Billion Bet on Milk Hits Big, But Wall Street Wants More

(Bloomberg) -- When walking into Coca-Cola’s office in Chicago's trendy West Loop, the soda giant’s iconic logo is noticeably absent. In its place is a giant cowbell.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi Drivers Navigate the City Without GPSInside, a handful of

Indian oil companies in talks to buy U.S. LNG supplies

Indian oil companies are looking to buy U.S. liquefied natural gas (LNG), buoyed by the Trump administration's lifting of a ban on export permits for new projects, Oil Secretary Pankaj Jain said on Monday. The world's fourth largest importer of LNG, India aims to raise the share of gas in its energy mix to 15% by 2030 from 6.2% now. "Indian oil companies are talking to U.S. companies for additional LNG sourcing," Jain said, adding that among such companies were GAIL (India) Ltd, Indian Oil Corp and Bharat Petroleum Corp.

Sentiment Vibe Check Says More Stock Gains Will Be a Challenge

(Bloomberg) -- Twists and turns across the US stock market this year from tariff threats to DeepSeek’s AI spook have done little to shake investors’ happy-go-lucky attitude toward American equities, a potential contrarian signal for traders.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay Super

Inflation is proving sticky as Fed Chair Powell heads to the hill

(Bloomberg) -- US inflation showed scant signs of downward momentum at the start of the year, while healthy job growth undergirded the economy, backing the Federal Reserve’s stance to hold the line on interest rates for now.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi

Wall Street ends higher on AI strength; steelmakers climb on Trump tariff threat

Wall Street's main indexes closed higher on Monday, lifted by Nvidia and other AI-related stocks, while steelmakers surged after U.S. President Donald Trump said he would impose additional tariffs on steel and aluminum imports. Trump's latest potential trade barrier escalation came on Sunday when he said he would introduce 25% tariffs on all U.S. imports of steel and aluminum, on top of existing duties on the metals. Nucor, U.S. Steel and Steel Dynamics rose more than 4% each.