“Please do not leave this room thinking that the Bank of England is edging toward a hike because there is nothing in what I said or any of us have said along those lines,” Bank of England Governor Andrew Bailey tells reporters after the central bank decided to leave interest rates unchanged on Thursday. (Source: Bloomberg)

The US economy grew at a weaker-than-expected pace in the second quarter as inflation-adjusted gross domestic product increased an annualized 1.5% in the period, despite a pickup in consumer spending and solid business investment. Michael McKee breaks down the numbers on Bloomberg Television. (Source: Bloomberg)

Indian Air Force identified dozens of critical components it wants domestic manufacturers to produce after wars in Ukraine and the Middle East disrupted defense supply chains, as part of a broader effort to boost self-reliance in military production.

After a five-week pause on Bitcoin purchases, Strategy Inc. investors are left wondering what’s next for the largest buyer of the cryptocurrency following a tumultuous period.

Dislocations have created lucrative opportunities for companies able to source, transport and process energy across markets.

Braveheart Bio Inc., a clinical-stage biopharmaceutical company backed by a16z, is seeking to raise as much as $318.8 million in an initial public offering, adding to a growing pipeline of listings in the sector.

30-year Treasury yields stay elevated after the Fed kept interest rates unchanged for a seventh consecutive month. US equity futures rise as Microsoft earnings reassure investors that AI spending is paying off. Andrew Hollenhorst of Citi dissects Fed Chair Warsh's messaging around rates. Angelo Zino of CFRA analyzes the results from Meta and Microsoft. (Source: Bloomberg)

US futures rose on Thursday as Microsoft Corp. jumped 9.8% after reporting the fastest cloud unit growth in four years. Top semiconductor companies, like Micron Technology Inc. and Nvidia Corp., rallied as well.

Uganda opposition leader Kizza Besigye was in intensive care after collapsing in court during his treason trial hearing.

The European Union invited companies to apply to build as many as seven artificial intelligence data centers in Europe backed by public funds, furthering the bloc’s closely-watched plan to cut its reliance on overseas technology.

Products from the tiny southern African mountain kingdom of Lesotho, which had endured the highest tariffs on any nation from the US, can now enter the world’s biggest economy duty-free.

Cloud provider Nscale agreed to acquire software startup Anyscale to help customers use AI computing power more efficiently.

Ethiopian Airlines Group, Africa’s largest carrier, expects the pace of its revenue growth to be cut in half this year because of soaring oil prices triggered by the Iran war.

Pakistan has negotiated with Iran to secure safe passage for at least one Qatari liquefied natural gas shipment, according to people with knowledge of the matter, the latest effort by the South Asian nation to use its diplomatic ties to ease a deepening energy crunch.

South Korea’s stock market has been on a roller coaster. Retail investors are among the hardest hit by the market’s volatility, with traders facing huge losses after a painful two-day rout. Heesu Lee explains. (Source: Bloomberg)

Streaming has been a drag on Disney’s share price as subscriber growth stalled. A tech overhaul and more foreign-language shows are in the cards.

Societe Generale SA is hedging about $5 billion of project finance deals by taking advantage of sustained investor demand for significant risk transfers.

Lloyds Banking Group Chief Executive Officer Charlie Nunn speaks on Bloomberg Television after the lender's second-quarter earnings beat estimates and the bank unveiled a blueprint to help boost non-banking revenues by 2030. "We've got some exciting growth to do," Nunn says. (Source: Bloomberg)

Prime Minister Donald Tusk said a Russian missile probably fell in the eastern part of Poland early on Thursday. The announcement comes after Poland’s Operational Command said it detected an unidentified object entering its airspace while observing "at least a dozen missiles" over western Ukraine. Bloomberg's Oliver Crook reports. (Source: Bloomberg)

Longtime Democratic operative Guy Cecil has launched a new research initiative aimed at boosting the party’s numbers and appeal  — an effort that comes amid debate over how to best win in the midterms and 2028.

Former St. Louis Fed President James Bullard calls the reaction in the 30-Year US Treasury to Federal Reserve Chairman Kevin Warsh’s press conference on Wednesday “nerve wracking” for a central banker. Bullard says Warsh needed to create more optionality in September and that “markets obviously didn’t like this.” (Source: Bloomberg)

A high-level International Monetary Fund mission is visiting Venezuela for the first time in more than two decades as the government seeks to normalize relations with multilateral lenders after years of isolation.

Palestinian and Israeli officials are warning of an economic crisis if Israeli lenders cut off financial ties to their West Bank counterparts in the fall.

London Stock Exchange Group raised its full-year guidance after reporting its strongest first half since acquiring Refinitiv. The company said demand for its AI-powered data products continues to grow. CEO David Schwimmer also said he would "love to see" the UK's stamp duty on share purchases removed, arguing it is "the wrong incentive structure" for trading and listings. He added that the UK underinvests its own pension capital in domestic markets and sees "signs of receptivity" to reforms a...

Paul Sankey, president of Sankey Research, explains the level of tightness in the crude oil refining system, the “massive” margins between the price of barrels of oil and refined products like gasoline and jet fuel, and why he expects the US strategic petroleum reserve to run out around September. (Source: Bloomberg)

S&P 500 Index futures rise 0.7% as of 7:50 a.m. in New York as results from Microsoft boost sentiment for the tech sector.

Europe’s top banks want to earn more from the debt-fueled artificial intelligence boom, while seeking ways to limit and offset exposures to the red-hot sector.

Corgi Funds does not look much like a traditional asset manager. Its parent company runs 24-hour cafes in San Francisco and Atlanta, operates a bus to the Y Combinator office and grew out of an artificial-intelligence insurance startup.

The US hit dozens of military targets in a fresh wave of strikes on Iran in response to an attack on American forces in Jordan. Iran targeted a building in northern Kuwait while Jordan said it intercepted five missiles from the Islamic Republic as the conflict escalates and spreads across the Middle East. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)

"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Katharine Neiss, PGIM Credit Deputy Head of Global Economics; Simon Hunt, Campari Group CEO; Dominik von Achten, Heidelberg Materials CEO (Source: Bloomberg)

Investors and analysts are still waiting for the Meta CEO to give details of a new AI business

The US government is on the hook for potentially millions of dollars in legal bills demanded by successful challengers to some of the Trump administration’s most controversial executive actions and policies.

Treasuries extended their slide as traders braced for US inflation data that could cement concerns the Federal Reserve is dragging its feet on price growth.

Markets flash concern that the Fed won’t manage to rein in price pressures.

China has complained to New Zealand’s government after Foreign Minister Winston Peters told a China-born New Zealand lawmaker to “go back to your own country.”

The US’s 2019 exit of a key treaty opened the door for new long-range weapons.

PGIM Credit Global Economics Deputy Head Katharine Neiss discusses the Federal Reserve's decision to leave interest rates unchanged on Wednesday, saying Chairman Kevin Warsh delivered a "weaker press conference than expected." Speaking on Bloomberg Television, Neiss adds that the central bank's "Hawkish tilt" will come in September, with three sequential rate hikes. (Source: Bloomberg)

Investors are embracing shorter-term corporate debt, locking in elevated yields while limiting their exposure to interest-rate volatility and market swings.

Investors have poured money into youth sports in recent years, with some reports saying the industry is worth as much as $40 billion. It’s no surprise, then, that renowned investors David Blitzer and Josh Harris partnered with The Chernin Group in 2024 to start Unrivaled Sports, a growing portfolio of youth sports investments across baseball, softball, flag football, and more. Unrivaled’s chairman and CEO Andy Campion says they’re only just getting started. In this episode of The Deal, Andy...

Wall Street’s sudden aversion to AI spending has made Apple Inc. this year’s Big Tech stock market star. But the iPhone maker’s earnings after the close Thursday could remind investors of the hurdles it still faces.

Startup K2 Space, which builds large satellites for high-power tasks like data-heavy communications and defense missions, has raised $500 million in a new round of funding, the company plans to announce Thursday.

Bank of England Deputy Governor Clare Lombardelli says her vote to hold interest rates steady at 3.75% on Thursday was not a close judgment. "I was pretty clear that holding rates at the current level was the right thing to do," she says at a press conference in London following the central bank's decision to keep rates unchanged. (Source: Bloomberg)

Bank of England Governor Andrew Bailey speaks at a news conference in London following the central bank's decision to keep interest rates unchanged in July as UK officials sought to balance the threat from resurgent US-Iran tensions against signs that domestic price pressures are easing more quickly than predicted. "We will monitor the situation carefully and stand ready to adjust our stance as the evidence and our judgements on the outlook evolve," Bailey says. (Source: Bloomberg)

For almost two months, investors have tried — and largely failed — to deduce a signal that would break US equities’ newfangled habit of lurching around and going nowhere.

Meta Platforms Inc. said it has $279 billion in future lease agreements mostly related to artificial intelligence data centers that are not yet reflected on its balance sheet.

Oil loadings by Saudi Arabia and other major producers inside the Persian Gulf remained subdued as recent attacks continue to deter shipowners from traversing the Strait of Hormuz.

A lasting delay in the confirmation could send a deeper message.

The US launched a fresh wave of strikes on Iran in response to an attack on American forces in Jordan, escalating a conflict that’s now spreading across the Middle East. After the Fed kept interest rates unchanged for a seventh consecutive month, investors dumped 30-year Treasury bonds, sending the yield shooting up as much as 14 basis points to nearly 5.23%, a 19-year high. Market measures of inflation expectations rose, the dollar slid, and even stocks tumbled as investors wagered Warsh wa...

The European Union plans to set up a corporate advisory group after the summer break to share information about supply chain risks in an effort to bolster the bloc’s economic security.

Labcorp Holdings Inc. raised its outlook for the year after reporting second-quarter earnings that topped analyst estimates, citing strength in cancer tests and new genetic screenings.

Ferrari NV raised its full-year guidance, as demand for limited-run models like the F80 and a more expensive version of its Purosangue four-seater drove higher second-quarter results.

A Ukrainian drone attack damaged infrastructure at Russia’s Black Sea port of Taman, according to local authorities.

Airlines can now price seats with dynamic precision, closing pricing gaps that travelers loved.

The yuan strengthened to its highest level in more than three years against the dollar, buoyed by the renewed weakness in the US currency and continued policy support from Chinese authorities.

Mykhailo Fedorov, Ukraine’s former defense minister whose removal sparked mass protests, said his dismissal was linked to his efforts to overhaul spending on military procurement.

CityFibre Ltd., the UK’s largest independent fiber challenger to incumbent BT Group Plc’s Openreach, is set to raise £900 million ($1.2 billion) from its shareholders, according to a person familiar with the matter.

Indonesian sovereign wealth fund Danantara’s planned dollar notes are unlikely to price quickly as a global bond rout clouds debt issuance, people familiar with the matter said.

Bae Jae Kyu, the chief of South Korea’s sixth biggest asset manager, urged investors to refrain from trading leveraged and inverse exchange-traded funds, saying such products should be left to fade out.

A Russian missile probably fell in the eastern part of Poland early morning on Thursday, Prime Minister Donald Tusk said.