Bloomberg Archives - The Michigan Star

Goldman Sachs Issues Stock Market Warning

November 29, 2022November 28, 2022 Admin

U.S. investors are significantly underestimating the risk of a recession, potentially increasing the impact of a recession next year, economists at Goldman Sachs warned in a Monday research note, according to Bloomberg.

Researchers at Goldman estimate a 39 percent chance of a slowdown in U.S. growth, but risk assets only account for an 11 percent chance, Bloomberg reported. By underestimating the chance of a recession, investors are increasing their exposure to the effects of “recession scares” in 2023, the analysts warned.

Jobless Claims Fall to Lowest Level in over 50 Years

March 26, 2022March 25, 2022 Michigan Star Staff

The number of Americans who filed new unemployment claims decreased to 187,000 in the week ending March 19, the lowest level in over 50 years, the Department of Labor announced Thursday.

The Labor Department’s figure showed a decrease of 28,000 compared to the week ending March 12, when new claims numbered 215,000, according to data from the U.S. Bureau of Labor Statistics (BLS). This week’s claims were well below the predictions of economists surveyed by Bloomberg, who estimated that new claims would total 210,000.

Bloomberg Campaign Focuses on Super Tuesday States, Plans 12 Field Offices in Ohio

January 7, 2020January 7, 2020 Jordyn Pair

Democratic presidential candidate Michael Bloomberg currently has 800 organizers and staffers on his payroll, with more than 500 of them spread out among more than 30 states.

Labor Department To Reinstate Aide Wrongfully Accused Of Anti-Semitism

September 6, 2019September 6, 2019 Michigan Star Staff

The Department of Labor reinstated a political appointee Wednesday night who resigned under pressure after a Bloomberg Law reporter accused him of anti-Semitism for a Facebook post in which he was actually condemning anti-Semites in the alt-right, the Daily Caller News Foundation exclusively learned.