Bloomberg Markets

GM Narrows 2026 Profit Forecast, Boosts Share Buyback

General Motors narrowed its full-year profit forecast amid softening sales, while also announcing it will buy back another $20 billion in stock. Paul Jacobson, CFO and executive vice president at GM, discusses the results on “Bloomberg Surveillance.” (Source: Bloomberg)

business  1d ago

Bloomberg Markets

Russia Ships the Least Oil in a Month as Major Baltic Port Halts

Shipments from key port of Primorsk tumbled last week, likely on maintenance work

business  1d ago

MarketWatch

What happens to Wall Street if CoreWeave defaults? JPMorgan checked the math.

Call it a sign of the times: A JPMorgan analyst is looking into the exposure banks will have if CoreWeave defaults on its debts.

business  1d ago

Bloomberg Markets

New York Arrests 16 in Crackdown on Staged Insurance Crashes

New York state investigators arrested 16 people accused of staging car crashes and faking injuries to collect nearly $500,000 from insurers, one of the first major enforcement actions since Governor Kathy Hochul made auto insurance fraud a focus of her effort to lower costs for drivers.

business  1d ago

Bloomberg Markets

Airport Near Coachella, Palm Springs Eyes $174 Million Muni Sale

The Ontario International Airport, a gateway to the popular desert destinations of Southern California’s Inland Empire, is tapping the municipal bond market for roughly $174 million to fund various improvements.

business  1d ago

Bloomberg Markets

US Futures Slip as Neocloud IPO Elice Flops, SpaceX Results Loom

The return of artificial-intelligence angst pushed Nasdaq futures lower on Tuesday, as South Korean neocloud company Elice Inc.’s debut tanked, spurring concern about the sustainability of the global AI boom. Investors are also on edge ahead of a spate of tech earnings this week, including SpaceX and Netflix Inc. after the bell.

business  1d ago

NY Times Business

Investors in Anticipation Over Musk’s Next Big SpaceX Deal

Ahead of SpaceX’s quarterly earnings report, many on Wall Street are wondering whether Elon Musk will combine it with Tesla.

business  1d ago

Bloomberg Markets

AI Fears Return With Data Center IPO Flop; SpaceX, Netflix Earnings

US equity futures slip, pausing an AI recovery in stocks, after South Korean data center company Elice plunged in its trading debut. Ukrainian President Volodymyr Zelenskyy heads to Norway for fresh peace talks as tensions with the US deepens. SpaceX, Netflix, General Motors, RTX, and Northrop are set to report earnings. Jeanne Sun of Citigroup Global Markets joins "Bloomberg Brief" to discuss her outlook for this earnings season. (Source: Bloomberg)

business  1d ago

Bloomberg Markets

US Heading for a Slowdown, Not a Recession, Says Crossmark’s Fernandez

Victoria Fernandez, chief market strategist at Crossmark Global Investments, explains the factors she sees pointing to a slowdown in the US economy and markets. She speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

business  1d ago

Bloomberg Markets

Storm Austen to Boost Wind Power in Europe as Gas Prices Surge

The first named storm of this autumn is set to lash the UK and northwest Europe with heavy rain and wind in the coming days, potentially bringing some relief to elevated power prices.

business  1d ago

Bloomberg Markets

US Power-Grid Strains Become a Year-Round Problem

Booming demand from AI means supply constraints are no longer limited to summer and winter.

business  1d ago

Bloomberg Markets

Halliburton Sees Multi-Year Demand Growth From Energy Disruption

Halliburton Co. is predicting years of growing demand for oil field services as nations in the Middle East rebuild energy assets and infrastructure damaged in the Iran war.

business  1d ago

Financial Times

Insurers face losses as riots in France become ‘like natural catastrophes’

Similar events now expected to occur every year, prompting government efforts to require properties to be insured for unrest

business  1d ago

MarketWatch

The AI boom is getting all the attention. We’re about to find out how the rest of the economy is holding up.

Earnings season shifts into higher gear, with fresh clues about consumer spending and the health of corporate America beyond the tech sector.

business  1d ago

Bloomberg Markets

Barclays Says Cycle Peaking for Data Center Equipment Vendors

Companies making power and electrical equipment to serve data centers are facing growing risks of a pricing squeeze by top artificial intelligence labs, according to analysts at Barclays Plc.

business  1d ago

Bloomberg Markets

European Gas Prices Rise Above €90 for First Time Since 2022

European natural gas climbed above €90 for the first time in almost four years, raising the threat of a renewed energy crunch as Europe heads into the peak winter heating season.

business  1d ago

Bloomberg Markets

France’s Lack of Fiscal Anchor a Concern for Markets, Says Vanda’s Nordvig

Jens Nordvig, president and co-founder at Vanda, examines the market impact of political instability and riots in France and the options available to the European Central Bank to help the situation. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

business  1d ago

Bloomberg Markets

US Must Weigh Ukraine Missile Needs Against Others, Rubio Says

The US must balance Ukraine’s urgent requests for air-defense missiles with similar demands it’s receiving from other allies, and with the needs of its own military, Secretary of State Marco Rubio said.

business  1d ago

Bloomberg Markets

Political Risk Makes France a Go-To Market for Short Sellers

Political risk in France has become so elevated that its stock market has turned into the largest short in Europe and the US for some investors, according to Barclays Plc strategists.

business  1d ago

Bloomberg Markets

Senegal Eurobonds Fall as Budget Standoff Puts IMF Deal at Risk

Senegal’s dollar bonds weakened after opposition leader Ousmane Sonko threatened to block a revised budget for this year and 2027 spending plan, raising concern this could complicate its debt restructuring and delay a new International Monetary Fund program.

business  1d ago