Renowned Japanese automaker Mazda recently unveiled the EZ-6 electric sedan, making it the company’s first global-market EV to be released, per Green Car Reports. Mazda, which showcased the EZ-6 in China earlier this year, shared in a press release that the vehicle is set to be “officially launched in the fall of 2024 as a…
Photo: Matthew Brown (AP) The most expensive Senate race in history is currently happening in one of the least populated states. According to Bloomberg, the race between Democratic incumbent Jon Tester and Republican Tim Sheehy has seen an influx of billionaire cash on both sides, putting it on track to reach a total of $250…
Blue Origin CEO Dave Limp, left, and founder Jeff Bezos look up at a New Glenn rocket on at the company’s LC-36 facility in Florida. Blue Origin Dave Limp had only one question for Jeff Bezos when he interviewed last year to become CEO of Blue Origin, the billionaire’s space venture. “Jeff, is Blue Origin…
The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors who had worried the economy may be getting too weak. The blue-chip Dow jumped 341.16 points, or 0.8%, to 42,352.75, eclipsing its previous high of 42,330.15 on Monday. The S&P…
Where is Team Recession now? With new, surprisingly good job numbers for September showing Fed Chair Jerome Powell and his colleagues on the cusp of sticking that soft landing, the US unemployment rate—amid fears the central bank waited too long to cut rates—actually went down. US job growth last month topped all estimates and wage…
Oil prices climbed this week as tensions in the Middle East escalated. Iran launched missiles at Israel and the Israelis threatened retaliation, raising the possibility of a disruption to the flow of oil from the region. A jump in oil prices automatically spurs fear of a spike in gas prices, but experts see reasons that…
September’s big payroll jump will eventually be revised down, Pantheon Macroeconomics said. A low response rate to the report is a “red flag,” the research firm said. The Fed will still deliver jumbo rate cuts to stabilize the weakening job market, the firm predicted. Thanks for signing up! Access your favorite topics in a personalized…
Photo: Josh Edelman (Getty Images) In This Story Meta co-founder and CEO Mark Zuckerberg is now the second-richest person in the world, according to the Bloomberg Billionaires Index. Donald Trump and Kamala Harris are neck-and-neck with crypto voters, Coinbase poll says With a net worth of $206 billion — driven higher by a recent rally…
Photo: STAN HONDA (Getty Images) The Dow surged by more than 260 points following the release of strong job data and the end of the U.S. dockworkers’ strike, indicating a robust economy. According to the Bureau of Labor Statistics, 254,000 jobs were added in September; the unemployment rate dipped to 4.1%. Donald Trump and Kamala…
I’m Malcolm Scott, international economics enterprise editor in Sydney. Today we’re looking at China’s stock market rally. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. Confronted by slowing growth and disinflationary pressures,…