Gavin Newsom responds to federal immigration raid outside his news conference

9 hours ago

Gov. Gavin Newsom formally kicked off his push Thursday to redraw California's congressional maps in response to a Republican-led effort in Texas, setting up the next stage of his fight against both the Trump administration and a coalition of gerrymandering opponents within the state. As Newsom and his allies spoke, immigration agents made arrests outside the downtown Los Angeles venue.

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Lots More With Skanda Amarnath on This Moment in Macro

Bloomberg

a minute ago

Bloomberg

Lots More With Skanda Amarnath on This Moment in Macro

Listen to Odd Lots on Apple Podcasts Listen to Odd Lots on Spotify Right now, you could make a good argument that inflation is still too hot, and that with the stock market booming, and the unemployment rate at 4.2%, that it's crazy to think about cutting rates. You could also argue that much of the economy is stalling, that the pace of job growth has slowed dramatically, and that with housing in the tank, we need lower rates. Then on top of this situation, layer in the fact that we have this weird bifurcated economy, with the AI sector growing like gangbusters. And then add onto that the attacks on the independence of the Federal Reserve coming from the Trump administration. And furthermore, trade policy is still a moving target. To make sense of this complicated time — and to look ahead to next week's Jackson Hole conference — we speak with Skanda Amarnath, the executive director of Employ America.

Bloomberg

a minute ago

Bloomberg

Trump's Politics of Urban Disgust

Weekend Essay The president's unprecedented takeover of Washington, DC law enforcement weds a crime crackdown to a gilded vision for remaking the capital.

Intel's Frankfurt-listed shares rise 3.6% after report US could take stake in chipmaker

Yahoo

28 minutes ago

Yahoo

Intel's Frankfurt-listed shares rise 3.6% after report US could take stake in chipmaker

LONDON (Reuters) -Intel's Frankfurt-listed shares rose 3.6% on Friday, a day after Bloomberg News reported the Trump administration is in talks with the struggling chipmaker to have the U.S. government potentially take a stake in the company. Intel's U.S. shares surged more than 7% in regular trading Thursday and then another 2.6% after the bell. Intel on Thursday declined to comment on the report. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data