Bank of Canada’s Macklem backs infrastructure spending in Bloomberg interview

Starbucks is making significant cuts by closing 1% of its stores in the US and Canada and laying off 900 employees. This move reflects the company's efforts to save money amid pressures from Wall Street, which has been pushing for deeper reductions given Starbucks' large workforce of 360,000 and its extensive global presence of 41,000 locations. These changes could impact customer access and employee morale, highlighting the challenges the company faces in a competitive market.

The article delves into the intricate and often fragile infrastructure that supports artificial intelligence, highlighting the various risks that could undermine its resilience. It emphasizes the importance for businesses to understand these vulnerabilities and prepare accordingly, ensuring they can rely on AI technologies in a rapidly evolving landscape.

Recent reports indicate that the U.S. economy is performing better than initially thought, with economic growth revised upward by nearly 1%. This is significant as it suggests stronger consumer spending and overall economic resilience, which could have positive implications for future policy decisions and market confidence.

The US economy is showing strong signs of recovery, growing nearly 4% in the second quarter, the fastest rate in almost two years. This growth is fueled by increased consumer spending and expanded business investment. Additionally, initial jobless claims have dropped to their lowest level since mid-July, indicating a healthier job market. This positive trend is significant as it reflects a rebound from previous economic challenges and suggests a more robust economic outlook.

Initial jobless claims in the US have reached their lowest level since July, with new claims dropping by 14,000 to 218,000 for the week ending September 20. This is significant as it indicates a strengthening job market, surpassing forecasts of 233,000 applications. Experts like Michael McKee and Neela Richardson are discussing these encouraging trends, highlighting the resilience of the economy.

Federal Reserve Governor Stephen Miran recently shared insights from his first Federal Open Market Committee meeting, emphasizing the need for rapid interest rate cuts. He believes that acting proactively to lower rates is crucial to prevent potential economic disasters. His comments on Bloomberg Surveillance highlight a shift in monetary policy thinking, which could have significant implications for the economy and financial markets.

Gareth McCartney from UBS has shared an optimistic outlook on the IPO market, describing it as traditionally cyclical but currently robust. Speaking on Bloomberg's 'The Pulse', he highlighted the strong IPO pipeline and the various themes available for investors. This insight is significant as it suggests a potential recovery and growth in the IPO sector, which could attract more investments and boost market confidence.

In today's episode of 'Bloomberg: The Opening Trade,' analysts Anna Edwards, Guy Johnson, Lizzy Burden, and Mark Cudmore discuss the potential impact of the dollar on market trends. This conversation is crucial for investors as it highlights how currency fluctuations can influence investment strategies and market dynamics.

Bloomberg's latest video brief for September 25, 2025, provides an overview of current financial news and market trends. This brief is significant as it helps investors and analysts stay informed about the latest developments that could impact their decisions in the fast-paced world of finance.

Swiss National Bank President Martin Schlegel has stated that the impact of US trade tariffs on Switzerland's economy is limited, as many firms are not directly affected. While acknowledging the challenges posed by the tariffs, Schlegel emphasized the resilience of the Swiss economy. His comments come after the SNB decided to maintain the benchmark interest rate at zero, highlighting the importance of effective communication and the stability of the franc. This perspective is crucial as it reassures investors and businesses about the economic outlook amidst global trade tensions.

TSMC has announced changes in its shareholding and received approvals for capital spending in August. This is significant as it reflects the company's ongoing adjustments in its financial strategies and investments, which could impact its future growth and operational capabilities.

US investor Stonepeak is looking to raise $4 billion for its second Asia infrastructure fund, signaling strong confidence in the region's growth potential. This move is significant as it highlights the increasing interest from global investors in Asia's infrastructure development, which is crucial for economic expansion and modernization. With this fund, Stonepeak aims to capitalize on emerging opportunities in various sectors, potentially driving innovation and job creation.

Starbucks has announced plans to close several underperforming stores in the US and UK as part of a restructuring effort aimed at saving costs. This move highlights the challenges the coffee giant faces in maintaining profitability amid changing consumer habits and economic pressures. While it may help streamline operations, the closures could impact local communities and employees, raising concerns about job losses and reduced access to their favorite coffee spots.

Ticketmaster U.K. has agreed to implement changes following public outrage over its handling of Oasis ticket sales. This decision is significant as it reflects the company's responsiveness to customer concerns and aims to improve the ticket purchasing experience for fans. By addressing these issues, Ticketmaster hopes to restore trust and ensure that fans have fair access to tickets for their favorite artists.

Palestinian President Mahmoud Abbas has called for an immediate end to the ongoing war in Gaza during a video address to the UN General Assembly. He emphasized the need for the release of hostages on both sides and rejected Hamas's actions against Israel on October 7. This appeal for peace is significant as it highlights the urgent need for dialogue and resolution in a conflict that has caused immense suffering. Meanwhile, Israeli Prime Minister Benjamin Netanyahu is set to address the assembly in person, indicating the international attention this crisis continues to attract.

Smart investors are currently focusing on key opportunities that promise strong returns, according to a market strategist. This insight is crucial as it highlights where to allocate resources effectively in today's dynamic financial landscape, helping individuals and businesses make informed decisions.

After an impressive 103 years in business, a well-known sporting goods retailer is closing its doors for good. This closure marks the end of an era for a company that has been a staple in the community, providing not just products but also a sense of belonging for sports enthusiasts. The loss of such a long-standing retailer highlights the challenges faced by traditional businesses in today's market, making it a significant event for both employees and loyal customers.

The rise of drones is transforming modern warfare, with unmanned aerial systems becoming essential for military operations. As defense spending continues to soar, the demand for these advanced technologies is expected to double, highlighting their growing importance in national security strategies. This shift not only reflects advancements in technology but also indicates a significant change in how conflicts may be approached in the future.