The Trump administration has ordered dozens of US ambassadors to step down, people familiar with the matter said, a precedent-breaking recall that will leave embassies abroad without Senate-confirmed leadership.
More than a dozen staffers departed the Heritage Foundation over the weekend to join a rival organization, the latest sign of ideological tumult at the think tank once considered the central node in Washington’s conservative ecosystem and an intellectual bastion for President Donald Trump.
Elizabeth Renter, senior economist at NerdWallet, says that there are real reasons people are feeling negative while the economy is doing 'okay,' including that households aren't as economically resilient to financial stress as they were five years ago as the public deals with high housing and energy prices and a slowing job market. (Source: Bloomberg)
Kayak Co-Founder & CEO Steve Hafner joined Romaine Bostick and Caroline Hyde on 'Bloomberg Businessweek Daily' to discuss the holiday travel outlook, prices pulling back despite a surge in travel demand, and the launch of a new AI mode to help with booking and planning. (Source: Bloomberg)
On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses the US pursuit of a third oil tanker intensifying the Venezuela blockade. On today's show, Director of the Energy Security and Climate Change Program at the Center for Strategic and International Studies Joseph Majkut, Democracy Visiting Fellow at Harvard Kennedy School's Ash Center Jeanne Sheehan Zaino, and Policy Director at Brownstein Hyatt Farber Schreck Greta Joynes. (Source: Bloomberg)
The US is suspending leases for all five wind farms under construction off the East Coast in the latest blow to a sector that’s been targeted repeatedly by the Trump administration as part of its attack on clean energy.
Joseph Majkut of the Center for Strategic and International Studies says developers of AI data centers will have to factor in building their own power supply as the public grows more concerned the drain on resources. (Source: Bloomberg)
The US and its allies are renewing their push to hold a conference on Gaza reconstruction, people familiar with the matter said, as the Trump administration looks to inject fresh momentum into a ceasefire between Israel and Hamas after a string of setbacks.
Bloomberg's Nick Wadhams breaks down the state of the Trump administration's blockade off the coast of Venezuela as the Coast Guard chases down a non-sanction oil tanker in the area. It marks the third vessel the US has targeted. (Source: Bloomberg)
A US campaign that has involved deadly strikes against alleged drug-trafficking vessels and intercepts of oil tankers carrying Venezuelan crude is meant to deter illicit activity and to signal that the US wants Venezuelan leader Nicolas Maduro out of power, Homeland Security Secretary Kristi Noem said.
