August 29, 2026

It had already been a tough 2026 for Acrisure. Part fintech, part insurance broker, the firm said in late May it would cut 11% of its workforce, or some 2,250 people, as part of a sweeping overhaul to modernize operations. Some of its bonds and loans had fallen, but still remained above levels typically deemed distressed.

Warsh reiterated that policymakers have a “firm, fixed target” of 2% inflation at the 2026 Jackson Hole Economic Policy Symposium. Bloomberg’s Maria Eloisa Capurro explains. (Source: Bloomberg)

Hybrids are enjoying a resurgence as slower EV adoption and continued demand for combustion engines reshape the auto industry, with the technology increasingly appearing in high-performance and luxury cars. Co-host of Bloomberg’s “Hot Pursuit!” Hannah Elliott explains to Christina Ruffini and Bailey Lipschultz why brands including Audi, Lamborghini, Ferrari and Bugatti are using electric motors to boost performance while preserving the sound and feel buyers still want from combustion engines. Watch, on Bloomberg This Weekend. (Source: Bloomberg)

Federal Reserve Chair Kevin Warsh signaled the central bank is prepared to act if inflation fails to move clearly and quickly toward its 2% target, while describing the broader US economy as strong. On Bloomberg This Weekend Schwab Center Head of Macro Research & Strategy Kevin Gordon and Allsprings Global Investments Head of Equity Investments Ann Miletti say the remarks provided greater clarity on the Fed’s approach, with upcoming inflation data likely to be critical to whether policymakers raise rates in September. (Source: Bloomberg)

Also, a new film franchise is born on YouTube

The U.S. labor market seemed to be on upswing after a surge in new employment early this year — but a summer slowdown in hiring and fewer help-wanted ads suggest it won’t get any easier to find a job.

“I want to send the message that she’d better keep my name out of her mouth.”

The recent blistering pace of earnings growth is unsustainable.

Russia further extended a ban on diesel exports for producers to keep the domestic market supplied amid intensified Ukrainian attacks on the nation’s refineries.