President Trump addressed the nation last night, making his case for war with Iran. And, the Supreme Court majority seemed inclined to rule against the Trump administration on birthright citizenship. (Image credit: Pool)
President Trump addressed the nation last night, making his case for war with Iran. And, the Supreme Court majority seemed inclined to rule against the Trump administration on birthright citizenship. (Image credit: Pool)
Trump's tax law is cutting billions from corporate tax bills. Meta, Amazon, and Palantir are among the biggest winners. Here's what it means for each stock.
Trump's tax law is cutting billions from corporate tax bills. Meta, Amazon, and Palantir are among the biggest winners. Here's what it means for each stock.
Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Bloomberg’s Asia Agriculture reporter Pratik Parija in Delhi, filling in for Menaka. If you didn’t receive this directly in your inbox, you can subscribe here , and share feedback with us here . My colleagues and I haven’t had a breather since th...
Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Bloomberg’s Asia Agriculture reporter Pratik Parija in Delhi, filling in for Menaka. If you didn’t receive this directly in your inbox, you can subscribe here , and share feedback with us here . My colleagues and I haven’t had a breather since the war in Iran started, and today was no different. Oil jumped again (and that’s bad news for India as we have written about), after US President Donald Trump vowed an escalation to the war in Iran over coming weeks, damping hopes of a swift resolution and prolonging disruptions to energy flows through the vital Strait of Hormuz. Some of that fallout has been felt in financial markets. The rupee has been hitting successive lows despite repeated intervention by the RBI, with pressure intensifying after the Iran war drove up India’s energy bill. Little wonder the central bank doubled down this week. Authorities intensified their crackdown on speculation on the exchange rate, extending curbs to offshore derivatives just days after tightening limits on banks’ local positions. The Indian rupee posted its biggest gain in more than 12 years today after the RBI’s latest move, as currency trading resumed after a two-day break. The gains came despite broad weakness across most regional currencies amid Trump’s latest comments. Next up in this edition, I take a look at how the Middle East conflict has repercussions for an input critical to our nation’s agriculture sector. But first, the stories you need to read, watch or listen to from us today. Best of Bloomberg President Trump finally tried to sell the American public on his Iran war. But his primetime address five weeks into the messy conflict instead underscored his growing defensive posture. Countries across Asia are jockeying for leverage and adopting splintering approaches as they respond to Trump’s call to open the Strait of Hor...
PM Images/DigitalVision via Getty Images Introduction As I write this, there's a ton of uncertainty surrounding the U.S. economy. As someone who was bullish on the overall market, mainly due to us seeing multiple interest rate cuts this year, now I'm not so sure. However, in chaos comes opportunity. And as long as I can remember, now may be one of the best times to be an income-oriented investor. ...
PM Images/DigitalVision via Getty Images Introduction As I write this, there's a ton of uncertainty surrounding the U.S. economy. As someone who was bullish on the overall market, mainly due to us seeing multiple interest rate cuts this year, now I'm not so sure. However, in chaos comes opportunity. And as long as I can remember, now may be one of the best times to be an income-oriented investor. I've stated previously that investors should have at least 2 portfolios minimum. And one of those should be solely focused on income. With the likelihood for the market to see muted returns for at least the near to medium-term, this article highlights why now may be a good time to be an income-focused investor, and two high yield picks I like and why. Uncertainty Rising In 2025, although we saw uncertainty, the S&P ( SP500 ) still managed to close up over 16%, solid all things considered. The market was led by the Technology ( XLK ) sector due to AI enthusiasm. Through the first three plus months of 2026, things have seemed to shift. Now, the market seems to believe the economy may be in worse shape than advertised. Me, personally, I never believed the economy was in all that good of shape. Mainly due to what I've personally witnessed from family & friends. And going forward, I think things may get worse before they get better. We also are currently at war with Iran. And at the time of writing, Iran has rejected peace talks. Currently, Iran has laid out 5 conditions for the war to end . The question is will the U.S. & Israel accept. My belief is no. And the longer the war goes on, the worse things will likely get. At the time of writing, Iran has closed the Strait of Hormuz, causing oil & gas prices to rise. There's also the potential to see the U.S. send in ground troops into Iran. If this happens, I foresee market volatility increasing and potentially entering bear market territory. This is because inflation fears will increase, dimming rate cut hopes. Not to mention, mor...
benedek/iStock via Getty Images Introduction Wealth isn’t earned anymore. It’s owned. This is the conclusion I reached after reading a recent Wall Street Journal article. I have to say that it sounds a bit as if someone asked a chatbot to come up with a catchy phrase about wealth strategies, yet I think it perfectly sums up the situation in America. All of this is about an article titled “They’re ...
benedek/iStock via Getty Images Introduction Wealth isn’t earned anymore. It’s owned. This is the conclusion I reached after reading a recent Wall Street Journal article. I have to say that it sounds a bit as if someone asked a chatbot to come up with a catchy phrase about wealth strategies, yet I think it perfectly sums up the situation in America. All of this is about an article titled “They’re Rich but not Famous - and They’re Suddenly Everywhere.” In this case, “they” refers to very rich Americans. We’re not talking about millionaires who are worth seven figures because they have paid off their $500,000 house and own $600,000 in stocks, cash, and retirement savings, but the people who have eight or nine-figure net worth. The kind of people who may own a fancy place in Naples, Florida. As it turns out, there are roughly 430,000 households in the U.S. that have a net worth of more than $30 million. 74,000 of these households have a net worth of more than $100 million. This may not come as a shock, but the number of ultra-wealthy households has grown faster than the population, according to the article. The Wall Street Journal That’s obviously because many people benefited from massive stock price gains. To give you the simplest example I can think of, in 2010 (not even during the 2009 lows), the S&P 500 ETF ( SPY ) traded at roughly $90. Now, that number is at $633. Please note that these are total return numbers, which means the dividend has been included. Every dollar you had invested has been multiplied by 7x since then. So, a $100,000 investment is now worth $700,000. Needless to say, everyone who consistently invested in the market is likely in a very good spot right now. That’s why it’s interesting to figure out how these people got so wealthy. Maybe you’re one of them. I know for a fact that some of my regular readers are very wealthy. According to the article, over the past 50 years, the 0.1% has grown their wealth 13x. That’s entirely adjusted for inflati...
BV Investment Partners ("BV"), a middle-market private equity firm focused on tech-enabled business services and solutions, today announced the majority sale of CallTower, a global leader in managed cloud communications, contact center and collaboration solutions, to Court Square Capital Partners. BV and CallTower management will retain a minority stake in the business.
BV Investment Partners ("BV"), a middle-market private equity firm focused on tech-enabled business services and solutions, today announced the majority sale of CallTower, a global leader in managed cloud communications, contact center and collaboration solutions, to Court Square Capital Partners. BV and CallTower management will retain a minority stake in the business.
Layoff announcements at technology companies continued to mount in March, leading other industries in overall US job-cut plans as investment in artificial intelligence catalyzes leaner staffing levels. Employers in the technology sector announced 18,720 job cuts , up more than 24% from March 2025, according to outplacement firm Challenger, Gray & Christmas Inc. That brought the industry total to m...
Layoff announcements at technology companies continued to mount in March, leading other industries in overall US job-cut plans as investment in artificial intelligence catalyzes leaner staffing levels. Employers in the technology sector announced 18,720 job cuts , up more than 24% from March 2025, according to outplacement firm Challenger, Gray & Christmas Inc. That brought the industry total to more than 52,000 so far this year, the most first-quarter cuts since 2023. Overall, US-based employers announced 60,620 job cuts last month, up more than 25% from February. For all industries, AI accounted for a quarter of layoff announcements. “Companies are shifting budgets toward AI investments at the expense of jobs,” Andy Challenger , the company’s chief revenue officer, said in a statement. “The actual replacing of roles can be seen in technology companies, where AI can replace coding functions. Other industries are testing the limits of this new technology, and while it can’t replace jobs completely, it is costing jobs.” The figures underscore growing concerns that AI will lead to large-scale labor market disruption, especially for white-collar workers. In the tech industry, AI models promise to make coding far easier and less labor intensive. Read More: AI’s Threat to Entire Firms Is Driving the New Scare Trade Tech companies like Meta Platforms Inc. , Oracle Corp. , and Jack Dorsey’s Block Inc. are undertaking workforce reductions as resources get redirected to investment in AI. Still, overall layoff rates have remained low, with the labor market still in a “low-hire, low-fire” state. Total layoff announcements were down 78% in March from the same month last year. The report Thursday also showed that hiring intentions almost tripled from the previous month. Still, hiring plans so far this year are down from the same period in 2025, consistent with soft labor demand. Data out Wednesday from ADP Research showed payrolls at US companies increased by 62,000 in March aft...