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Ontario Finance Minister Says Tariffs are a 'Lose-Lose' Policy

Ontario Finance Minister Says Tariffs are a 'Lose-Lose' Policy

Bloomberg2 days ago

Ontario Finance Minister Peter Bethlenfalvy speaks to Balance of Power about President Trump's tariff policy, including the recent increase in tariffs on steel and aluminum -- a key export from his province. Minister Bethlenfalvy also comments on Ontario's budget and deficit spending. (Source: Bloomberg)

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Bloomberg Expands Alternative Data Offering with Web Traffic Data from Similarweb
Bloomberg Expands Alternative Data Offering with Web Traffic Data from Similarweb

Yahoo

time30 minutes ago

  • Yahoo

Bloomberg Expands Alternative Data Offering with Web Traffic Data from Similarweb

Doubles company coverage of Bloomberg's {ALTD} and empowers Bloomberg Terminal clients to generate deeper insights and make more informed investment decisions using alternative data NEW YORK, June 04, 2025--(BUSINESS WIRE)--Bloomberg today announced the availability of Similarweb's web traffic data on the Bloomberg Terminal via {ALTD}, significantly enhancing its alternative data offering with near real-time insights into online traffic performance that will grow to cover 3,000 public and private companies. Complementing existing alternative datasets on Bloomberg's Alternative Data Analytics Platform, which include consumer transaction data analytics from Bloomberg Second Measure and foot traffic data analytics from the addition of Similarweb data analytics allows investors to better nowcast company KPIs and discover emerging trends in company performance. Similarweb, a global leader in web analytics and digital performance data, delivers robust web and app analytics sourced from over 200 million devices, 100 million websites, and 4 million apps worldwide. Now available through {ALTD}, the web traffic dataset provides Bloomberg Terminal users with granular, daily-level intelligence on web traffic across 190 countries. The data is delivered on a 7-day lag with 5 years of history. "We're thrilled to bring Similarweb's web traffic data to the Bloomberg Terminal at a time when understanding online behavior is more critical than ever," said Or Offer, Co-Founder and CEO of Similarweb. "In today's digital-first economy, a company's online footprint often reveals shifts in performance long before traditional indicators. By collaborating with Bloomberg, we're giving investors a powerful edge—enabling them to spot emerging trends, benchmark competitive activity and make even more confident decisions, all within the Bloomberg Terminal workflows they already value." "As clients increasingly seek faster, more predictive signals—especially in today's volatile markets—Bloomberg is continuing to invest in alternative datasets that offer early, actionable insights," said Richard Lai, Global Head of Alternative Data at Bloomberg. "By embedding Similarweb's digital intelligence data directly into the Bloomberg Terminal, we're enabling our clients to make timelier and better-informed investment decisions through another incredibly powerful dataset. We are thrilled to be partnering with Similarweb, an industry leader, in offering these valuable insights to our clients." Key highlights of Bloomberg's expansion of {ALTD} with data from Similarweb include: Increase in Company Coverage: Company coverage in {ALTD} will expand to more than 3,000 companies, including international and private companies. Expanding Sector Coverage: Coverage will increase across high-interest sectors including SaaS, e-commerce, AI, streaming, TMT, and health care. Enhanced Data Signal: Similarweb will allow for improved tracking of company KPIs, and trend validation across alternative datasets. Similarweb is the latest alternative dataset integrated with {ALTD} (launched in 2023). By making the data available alongside consumer transaction data analytics from Bloomberg Second Measure and foot traffic analytics from Bloomberg provides a multi-dimensional view of company performance and macroeconomic shifts, offering investors a decisive edge. About Bloomberg Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit or request a Similarweb Similarweb powers businesses to win their markets with Digital Data. By providing essential web and app data, analytics, and insights, we empower our users to discover business opportunities, identify competitive threats, optimize strategy, acquire the right customers, and increase monetization. Similarweb products are integrated into users' workflow, powered by advanced technology, and based on leading comprehensive Digital Data. Learn more: Similarweb | Similarweb Digital Data Free Tools: Analyze any website or app | Verify your website | Browser extension Follow us: Blog | LinkedIn | YouTube | Instagram | X Disclaimer: All names, brands, trademarks, and registered trademarks are the property of their respective owners. The data, reports, and other materials provided or made available by Similarweb consist of or include estimated metrics and digital insights generated by Similarweb using its proprietary algorithms, based on information collected by Similarweb from multiple sources using its advanced data methodologies. Similarweb shall not be responsible for the accuracy of such data, reports, and materials and shall have no liability for any decision made or action taken by any third party based in whole or in part on such data, reports, and materials. View source version on Contacts Media ContactsHannah Logan, hlogan5@ +1-212-617-9742Susan Doyle, sdoyle37@ +1-202-807-2213Press: David F. Investors: Rami Sign in to access your portfolio

Bloomberg Surveillance: Trade Talks and Tariffs
Bloomberg Surveillance: Trade Talks and Tariffs

Bloomberg

time31 minutes ago

  • Bloomberg

Bloomberg Surveillance: Trade Talks and Tariffs

Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney June 4th, 2025 Featuring: 1) Robert Kaplan, Vice Chairman of Goldman Sachs, joins to discuss the Fed, interest rates, and resiliency of the US economy. US stock futures hold onto two days of gains as investors await labor market data, which has so far held up better than expected amid the Trump administration's trade war. 2) Ernie Tedeschi, Director of Economics at the Yale Budget Lab, discusses his recent findings on the impact of tariffs on US companies and the US economy. Investors will follow services data and ADP's report on private-sector employment for updated information on the strength of the US economy, ahead of Friday's nonfarm payrolls report, as the market continues to climb on healthy eco data and in spite of tariffs. 3) Sassan Ghahramani, President and CEO at SGH Macro Advisors, joins to discuss President Trump's social media post upending US-China trade sentiment. President Trump called Xi Jinping "VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH" in a late-night social media post, raising questions about the fragile economic truce between the US and China. Tensions between the two countries are increasing, with the US recently barring the shipping of critical jet engine parts to China and seeking to slap fresh curbs on Huawei= chips, among other measures. 4) Sheila Kahyaoglu, Managing Director: Equity Research at Jeffries, talks about the air traffic controller concern for airlines and offers her analyst recommendations for US airlines. 5) Eric Rosen, author at The Rosen Report and former head of credit trading at UBS, talks about the dollar's position on the globe and how deficits and debt could weigh on it. While some economists fear a notable weakening in US employment in coming months under the weight of tariffs, that hasn't shown up in the data yet.

Air quality worsens in eastern US as Canadian wildfire smoke hangs over Midwest
Air quality worsens in eastern US as Canadian wildfire smoke hangs over Midwest

Associated Press

time32 minutes ago

  • Associated Press

Air quality worsens in eastern US as Canadian wildfire smoke hangs over Midwest

PORTLAND, Maine (AP) — Smoke from Canadian wildfires started making air quality worse in the eastern U.S. on Wednesday as several Midwestern states battled conditions deemed unhealthy by the federal government. The fires have forced thousands of Canadians to flee their homes and sent smoke as far as Europe. In the U.S., the Midwest is bearing the brunt. Smoke lingered on the skylines of cities from Kansas City to Minneapolis, and a swath of the region had unhealthy air quality Wednesday, according to an Environmental Protection Agency map. Iowa issued a statewide air quality alert through early Thursday, urging residents to limit certain outdoor activities and warning of possible health effects due to the thick smoke. Wisconsin officials made similar suggestions as the smoke drifted southeast across the state. In Michigan's Upper Peninsula, authorities advised people shut windows at night, avoid strenuous activity outside and watch for breathing issues. Parts of Maine, Vermont, New Hampshire and New York had areas of moderate air quality concern, and officials advised sensitive people to consider reducing outdoor activity. New Hampshire authorities hoped conditions would improve by late Wednesday. 'The particle air pollution event is the result of extensive wildfires in central and western Canada,' the state's Department of Environmental Services said. 'Wind patterns are forecasted to transport plumes of smoke from these fires across much of New England and New Hampshire.' Unhealthy conditions persist in Midwest The Minnesota Pollution Control Agency issued an alert for almost the entire state into Wednesday, but the Twin Cities area got the worst of it in the Midwest on Tuesday. 'As the smoke continues to move across the state Tuesday, air quality will slowly improve from northwest to southeast for the remainder of the alert area,' the agency said. 'The smoke is expected to leave the state by Wednesday at noon.' The Iowa Department of Natural Resources warned that air quality in a band from the state's southwest corner to the northeast could fall into the unhealthy category through Thursday morning. The agency recommended that people, especially those with heart and lung disease, avoid long or intense activities and to take extra breaks while doing strenuous actions outdoors. Conditions at ground level are in the red The U.S. Environmental Protection Agency's AirNow map showed a swath of red for 'unhealthy' conditions across Wisconsin and northern Iowa. Northern Michigan was also the site of many unhealthy zones, the agency said. The Air Quality Index was around 160 in many parts of the upper Midwest, indicating unhealthy conditions. The Air Quality Index — AQI — measures how clean or polluted the air is, focusing on health effects that might be experienced within a few hours or days after breathing polluted air. It is based on ground-level ozone, particle pollution, carbon monoxide, sulfur dioxide, and nitrogen dioxide. Particulates are the main issue from the fires The index ranges from green, where the air quality is satisfactory and air pollution poses little or no risk, to maroon, which is considered hazardous. That level comes with health warnings of emergency conditions where everyone is more likely to be affected, according to AirNow. There were areas of reduced air quality all over the U.S. on Wednesday, with numerous advisories about moderate air quality concerns as far away as Kansas and Georgia. The Canadian fire situation Canada is having another bad wildfire season. Most of the smoke reaching the American Midwest has been coming from fires northwest of the provincial capital of Winnipeg in Manitoba. Canada's worst-ever wildfire season was in 2023. It choked much of North America with dangerous smoke for months. The smoke even reaches Europe Canada's wildfires are so large and intense that the smoke is even reaching Europe, where it is causing hazy skies but isn't expected to affect surface-air quality, according the European climate service Copernicus. ___ Karnowski reported from Minneapolis. Associated Press writers Jack Dura in Bismarck, North Dakota; Kathy McCormack in Concord, New Hampshire; Tammy Webber in Fenton, Michigan; and Scott McFetridge in Des Moines, Iowa, contributed to this report.

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