Bloomberg News
Bloomberg News is an international news agency headquartered in New York and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, Bloomberg Businessweek, Bloomberg Markets, Bloomberg.com, and Bloomberg's mobile platforms. As of 2015, John Micklethwait served as editor-in-chief.
Biography:
https://en.wikipedia.org/wiki/Bloomberg_News
94%
The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
88%
Examples:
- In the article 'Asia Stocks Set to Rise on China Stimulus Plans: Markets Wrap', the article seems to favor the Chinese government's economic policies, but it does not provide a balanced view by discussing potential downsides or criticisms.
- In the article 'China Releases Videos Showing 'Provocative Actions' by U.S. Ship', the article leans towards the Chinese perspective, emphasizing the 'provocative actions' by the U.S. ship.
- In the article 'China’s Factory Activity Contracts Due to Holiday Disruption', the contraction is attributed to holiday disruptions rather than structural issues.
- In the article 'China War Veteran Blasts U.S. as Troublemaker at Top Defense Forum', there is less emphasis on the U.S. viewpoint.
- There is a consistent bias towards the Chinese perspective in the articles, often attributing positive outcomes to the Chinese government's actions or policies.
Conflicts of Interest
100%
Examples:
No current examples available.
Contradictions
97%
Examples:
No current examples available.
Deceptions
99%
Examples:
No current examples available.
Recent Articles
China's Communist Party Emphasizes High-Tech, State-Led Reforms Amid Economic Challenges
Broke On: Monday, 15 July 2024China's Communist Party emphasizes tech-driven, state-led growth and managing risks in economic reform at the third plenum of 2023, signaling continuation of Xi Jinping's strategy while addressing new technological revolution and industrial transformation. 
Far-Right National Rally Party Wins 34% of Votes in France's Legislative Election: Implications for France and Europe
Broke On: Monday, 01 July 2024In the first round of France's legislative election, Marine Le Pen's National Rally party gained a significant lead with nearly 34% of the votes. This victory marks a major shift in French politics and has raised concerns among investors, particularly regarding the French budget deficit and debt to GDP ratio. The outcome has sent ripples across Europe, with reactions from various political leaders both domestically and abroad. 
China's Manufacturing Sector Expands at Fastest Pace in Three Years Amidst Persisting Concerns
Broke On: Monday, 01 July 2024China's private factory activity expanded at the fastest pace in three years in June, with the Caixin manufacturing PMI reaching 51.8, marking six consecutive months of improvement. However, manufacturer confidence is waning due to tariff announcements from the US and European Union, and persistent property slumps are hindering consumer spending. 
CLO Market Faces Challenges Amidst $311 Billion Worth of M&A Deals: Janus Henderson B-BBB CLO ETF Provides Exposure
Broke On: Saturday, 29 June 2024The $1.3 trillion CLO market, fueled by $311 billion in M&A deals this year, faces a challenge due to high demand and dwindling supply. The Janus Henderson B-BBB CLO JBBB10 ETF continues to provide exposure to floating-rate collateralized loan obligations despite the imbalance, offering low default risk, yield potential and low correlation. 
Mixed Economic Data from China: Retail Sales Beat Expectations, but Industrial Output and Fixed Asset Investment Fall Short
Broke On: Monday, 17 June 2024Mixed economic data from China revealed a slowing economy with retail sales up 3.7% but industrial output and fixed asset investment falling short of expectations. The housing market also showed signs of weakness, contributing to losses in Asia-Pacific markets including Japan's Nikkei 225 and South Korea's Kospi. China's Housing Market: New and Existing Home Prices Drop at Fastest Pace in Over a Decade Amidst Government Efforts to Boost Demand
Broke On: Monday, 17 June 2024China's housing market continues to decline, with new and existing home prices falling at their fastest pace in over a decade despite government efforts to stimulate demand through measures such as cutting down payments and easing mortgage rules. Property investment fell 10.1% in the first five months of the year from a year earlier, and analysts believe that these measures will do little to resolve the confidence crisis in the new-home market. 
BNP Paribas and the European Union's EPBD: Decarbonizing Commercial Real Estate and Mitigating Rising Costs by 2030
Broke On: Sunday, 02 June 2024Commercial real estate, responsible for 37% of global carbon emissions, faces increasing regulations and financing challenges due to its carbon footprint and climate risk. The European Union's Energy Performance of Buildings Directive (EPBD) is a growing trend in net zero regulations impacting commercial real estate financing. Banks like BNP Paribas aim to reduce emissions intensity, while insurance costs have nearly doubled due to extreme weather events. Building owners can mitigate risks through prevention measures, but systemic risk is growing for leading lenders. 
China's Uneven Economic Recovery: Retail Sales Slow Down While Industrial Production Accelerates
Broke On: Friday, 17 May 2024China's economy showed signs of an uneven recovery in April, with retail sales growing at the slowest pace since 2022 while industrial production accelerated. Industrial output grew at a faster-than-expected rate of 6.7%, up from a revised growth rate of 4.5% in March, driven by key industries such as automobiles and electronics. However, consumer spending slowed down, with declines reported in auto sales and clothing purchases, raising concerns about the sustainability of China's economic rebound. 
Tesla's Surprise Approval for Driver-Assistance System in China: Collaboration with Baidu and Potential $10 Billion Investment
Broke On: Monday, 29 April 2024Elon Musk secured in-principle approval from Chinese officials for Tesla's driver-assistance system, subject to conditions including a mapping and navigation deal with Baidu. This collaboration will grant Tesla access to Baidu's extensive mapping data and navigation services. The approval marks a potential boost for Tesla as it aims to regain market share in China following a shrinkage from 10.5% to 6.7% in the fourth quarter of 2023. 
China's Property Market Faces Challenges Amid Economic Slowdown and Rising Debt Levels: Country Garden Holdings Co. Struggles with 83% Drop in Contracted Sales
Broke On: Friday, 29 March 2024China's property market is facing challenges due to economic slowdown and rising debt levels. Country Garden Holdings Co., a major player in the sector, has been hit hard by these issues with contracted sales plunging 83% in March 2024 from the previous year. However, there are signs of recovery as sales rebounded by 16% compared to February's slower period.
