Bloomberg News Now May 24, 2025: Russia Steps Up Airstrikes, Poll: Trump Risks Consumer Discontent, More
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May 25, 2025 Escalating airstrikes by Russia are intensifying concerns in Kiev, while a significant prisoner exchange adds to the tension. President Trump's trade policies could risk consumer discontent as analyzed in his West Point speech. Elon Musk's insights on business strategies highlight the tech industry's evolving landscape. Corporate earnings updates reveal key insights from companies like NVIDIA and Costco, against a backdrop of simmering geopolitical tensions between India and Pakistan, raising questions about nuclear deterrence.
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Russia's Escalation in Ukraine
- Russia intensified airstrikes on Kiev following a major prisoner of war exchange near the Ukraine-Belarus border.
- Explosions and debris from intercepted projectiles were reported in multiple districts across Kiev.
Consumer Doubts on Trump's Tariffs
- A Harris poll shows 56% of U.S. adults think household finances would improve without Trump's tariffs.
- Over half also doubt the tariffs' promised benefits justify their economic costs.
Trump's West Point Address Highlights
- President Trump praised West Point cadets while politicizing his military achievements and 2024 mandate.
- He claimed border crossings dropped to nearly zero recently, crediting military efforts.