Bloomberg Markets

S&P 500 Steady as Warsh Boosts Expectations of Rate Hold

The S&P 500 Index was little changed on Friday, as indications that the Federal Reserve will hold interest rates steady this month heartened investors despite continued worries about the viability of the artificial intelligence trade.

business  5d ago

Bloomberg Markets

Investors Prepare for Data Dump That Will Determine Canada Rate Path

Two key economic data releases Monday could make or break the case for a Bank of Canada interest-rate hike later this month.

business  5d ago

MarketWatch

Influencers and biohackers swear by fasting. Here’s what the science says.

Fasting can help some people reduce how many calories they eat — but it’s not “effortless” as some influencers would have you believe.

business  5d ago

Bloomberg Markets

Bank of America Taps High-Grade Bond Market After Turbulent Week

Bank of America Corp. has kicked off the sale of investment-grade bonds, becoming the third major Wall Street firm to tap a turbulent market this week after reporting third-quarter results.

business  5d ago

Bloomberg Markets

Russian Fuel Flows Fell in Early October Before Diesel Ban Eased

Russia’s refined fuel shipments declined in early October before the government loosened a diesel export ban.

business  5d ago

Bloomberg Markets

Market Euphoria Distracts From Brazil’s Mounting Debt Problem

Flávio Bolsonaro’s early success in Brazil’s presidential race sparked such euphoria that investors risk overlooking a debt problem running through every corner of the nation’s economy.

business  5d ago

Bloomberg Markets

Jump, DRW Bet on New Compute Market as AI Boom Faces Scrutiny

Jump Trading and DRW are committing traders and capital to an emerging market for financial contracts tied to computing power, as efforts to make the infrastructure behind the AI boom tradable move from theory into practice.

business  5d ago

Bloomberg Markets

China Warns EU Not to Underestimate Ability to Fight on Trade

China warned the European Union not to underestimate Beijing’s determination to defend its interests, dismissing claims that the bloc’s pressure yielded concessions in recent automotive trade talks.

business  5d ago

Bloomberg Markets

IMF Says Colombia’s Fiscal Situation is Unsustainable, Untenable

The International Monetary Fund warned that Colombia’s fiscal situation is unsustainable, sharpening its assessment of the country’s public finances as the new government seeks the lender’s help to stabilize its accounts.

business  5d ago

Financial Times

The new unequivocal Zelenskyy

Ukraine’s president is standing up to Trump, but it’s unclear if this will help Kyiv or hinder it

business  5d ago

NY Times Business

You’ve Found a Long-Lost CD. Can You Still Get Your Money?

The bank was required to hold the certificate of deposit only for a limited time, and now has no record of the money. Experts offer tips to avoid having this happen to you.

business  5d ago

Bloomberg Markets

BNY Targets Blind Spots in ABS After Tricolor Mess Rocked Market

A year after a pair of massive frauds exposed hidden risks in otherwise routine financial documents, BNY is rolling out tools to safeguard against blind spots in the roughly $1 trillion asset-backed securities market.

business  5d ago

Bloomberg Markets

Equity Trading Gives Banks a Bright Spot This Earnings Season

Big bank earnings offered little to alter the dimming views on the sector mired in the longest losing streak since the financial crisis. The bright spot: equities trading.

business  5d ago

Bloomberg Markets

De olho nas eleições

Confira como Flávio Bolsonaro e Lula se preparam para a última semana de campanha antes do segundo turno. Com Patricia Xavier e produção de Gisele Fernandes. (Source: Bloomberg)

business  5d ago

Bloomberg Markets

Treasuries ‘Absolutely’ Still a Safe Haven, Says JPMorgan’s Misra

Priya Misra, Core Plus Bond ETF portfolio manager at JPMorgan Asset Management, says moves in the bond market are “overdone,” pricing in three interest-rate hikes by the Federal Reserve. Misra also says fixed income is a “really attractive asset class” to hedge the AI trade. (Source: Bloomberg)

business  5d ago

Bloomberg Markets

Ueda ‘Can’t Tolerate’ Underlying Inflation Further Over 2%

Bank of Japan Governor Kazuo Ueda said he “can’t tolerate” underlying inflation rising further above 2%.

business  5d ago

Bloomberg Markets

Steelmaker Celsa Said to Ask Banks for Pitches on IPO or Sale

Spanish steelmaker Celsa Group has reached out to banks as it weighs strategic options, including a sale or an initial public offering, according to people familiar with the matter.

business  5d ago

Bloomberg Markets

Kapteyn: Hot Inflation Raises Risk of Fed Hikes Beyond December

UBS Chief Economist Arend Kapteyn discusses the Fed’s rate outlook following hotter inflation data, the impact of AI investment and borrowing on bond yields, and why he believes AI fundamentals remain strong despite the recent market selloff. Kapteyn also weighs in on Europe’s economic challenges, competition with China and France’s fiscal outlook. He spoke on Bloomberg Brief. (Source: Bloomberg)

business  5d ago

Bloomberg Markets

Exxon Signals Knockout Refining Earnings as Diesel Prices Soar

ExxonMobil Holdings Corp. is the latest oil supermajor to signal soaring third-quarter refining profits as wars in the Persian Gulf and Russia crippled fuel-making facilities.

business  5d ago

Financial Times

Starlink spectrum deal piles Elon Musk’s plate ever higher

Move may be part of a bigger plan but it spells even more capital expenditure at a company already spending beyond its means

business  5d ago