Bloomberg: News

• Fed-Favored Inflation Gauge Is Set to Ease to Seven-Month Low

  The Federal Reserve’s preferred inflation metric is expected to cool to the slowest pace since June, but glacial progress on taming price pressures overall will keep policymakers cautious about lowering interest rates further.

• China Urges US to Stop Weaponizing Economic and Trade Affairs

  China called on the US to stop politicizing and weaponizing economic and trade issues, as Washington tries to limit overseas investments by Beijing in line with President Donald Trump’s “America First” policy.

• Berkshire Set to Gradually Raise Stakes in Japan Trading Houses

  Berkshire Hathaway Inc. is looking to increase ownership in Japan’s five largest trading houses “over time,” Warren Buffett said in an annual letter to shareholders that is likely to support their share prices in Tokyo.

• Australia’s Chalmers to Press Bessent for Exemption to Tariffs

  Australian Treasurer Jim Chalmers said he would be traveling to Washington DC later on Sunday as the US ally presses its case to be excluded from tariffs.

• Milei Pitches US-Argentina Deal to Trump-Friendly Audience

  Argentine President Javier Milei took his pitch for a free trade accord with the US to a conservative conference near Washington, saying he wants to be first in line to reach a deal.