The US Supreme Court refused to let President Donald Trump start deploying National Guard troops in Chicago, dealing a setback to his drive to use the military in liberal cities across the country.
Gold and silver rallied to fresh all-time highs on escalating geopolitical tensions and prospects for more US rate cuts. Gold prices are up more than two-thirds this year and are on track for its best annual performance since 1979, underpinned by elevated central-bank purchases and inflows into exchange-traded funds. Merk Investments President & CIO Axel Merk joined Caroline Hyde and Romaine Bostick on 'Bloomberg Businessweek Daily' to break it down. (Source: Bloomberg)
The US Justice Department released another tranche of files related to Jeffrey Epstein, including some that add fresh pressure on President Donald Trump over his past relationship with the late, disgraced financier.
Democratic Representative from Vermont Becca Balint called for the full release of the Epstein files, telling Balance of Power that Americans should be able to see the documents to make determinations for themselves and that they can 'handle the truth.' Balint also addressed concerns that there are prominent democrats in the files, saying that she wants all of the information out, regardless of who it implicates. (Source: Bloomberg)
Saks Global Enterprises, facing limited options ahead of a more than $100 million debt payment due at the end of this month, is reportedly considering Chapter 11 bankruptcy as a last resort. The company is also weighing additional ways to shore up liquidity, including raising emergency financing or selling assets. Separately, some Saks lenders have held confidential talks in recent days to assess the company’s cash needs, according to reports. Bloomberg's Eliza Ronalds-Hannon joined "Caroline Hy
Turkey lost contact with a Falcon 50 private jet flying from Ankara to Tripoli on Tuesday evening, Interior Minister Ali Yerlikaya said in a post on X. Five passengers were on board, including Libyan Armed Forces Chief of Staff Mohammed Ali Ahmed Al-Haddad, the minister said.
On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses the Department of Justice releasing another wave of files related to Jeffrey Epstein. On today's show, Vermont Democratic Representative Becca Balint, Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino, and Former Chairman of the House Financial Services Committee Patrick McHenry. (Source: Bloomberg)
The newest tranche of files related to Jeffrey Epstein show President Donald Trump flew on a private jet with him in the 1990s. The president said he never flew with the late financier. Laura Davison reports. (Source: Bloomberg)
The Trump administration is halting $5.5 million in annual funding to Minnesota over allegations that individuals and businesses in the state committed fraud with government loans, according to a social media post from the US Small Business Administration.
The Trump administration will begin to seize student debt repayments from the wages of borrowers in default early next year, the US Education Department said Tuesday, a long-promised move that threatens to hit some of the most economically-vulnerable households in the country.
