Business

Why Walmart’s Selloff May Be Overdone

Walmart shares slide after slower US sales growth, but Greg Melich, Evercore ISI Senior Managing Director, says the retailer still has powerful advantages. He joins Bloomberg Open Interest to explain why aggressive price cuts, fast-growing…

NYC Pied-à-Terre Tax Sparks Warning

Brown Harris Stevens CEO Bess Freedman says America’s housing market is splitting in two: luxury buyers remain active while affordability deteriorates for everyone else. She joins Open Interest to warn that New York’s taxes and rent…

Treasury rout restarts one day after Bessent’s beefed-up buyback plan

Treasury Secretary Scott Bessent’s plan to calm markets is being short-circuited.

Bloomberg Surveillance 8/20/2026

Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)

Bessent says U.S. likely won't restart large-scale Iran combat as it steps up economic pressure

The Trump administration's plan to crush Iran's economy will likely negate the need for further U.S. military operations, Treasury Secretary Scott Bessent said.

NewNew Shipping Line sees significant business prospects in Murmansk Region

Chief Executive Officer Ke Jin said that Murmansk offers the best conditions thanks to the governor’s support and the fact that it is the only ice-free port in western Russia

Bessent suggests Treasury could intervene again in bond market: ‘We have a big tool kit’

U.S. Treasury Secretary Scott Bessent has made waves this week with his plan to at least double his department’s buybacks of longer-dated Treasury bonds.

The energy market’s rising ‘crack spread’ is threatening to break the American consumer

The energy market is sending a warning to cash-strapped consumers: Don’t expect prices at the pump to come down anytime soon.

Chinese company aims to increase Northern Sea Route shipments to 1.2 mln tons by 2027

NewNew Shipping Line intends to put six new container ships into service by the end of October this year

‘Starve the beast’? The $40tn cost of Republicans’ false promises to cut spending

The enormous US debt under Trump will hobble the next Democratic administration – just as the GOP planned You could pin the US’s staggering $40tn in government debt to Donald Trump’s Keystone Cops-style governance. Tariffs he sold as a new…

Bessent says Treasury buyback operation could be more than $4 billion

Walmart shares tumble as sales growth slows to six-year low

Retailer to use almost $2.9bn in tariff refunds to deliver price cuts for squeezed American consumers