Bloomberg Markets
How the last few days clarified what’s going with this market.
NY Times Business
The average 30-year, fixed-rate mortgage has steadily risen in recent weeks, compounding affordability challenges for many Americans.
Bloomberg Markets
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than "Bloomberg Surveillance." (Source: Bloomberg)
Bloomberg Markets
Peru’s economy grew more than 3% for a second straight month, in line with expectations, driven by strong performance in most sectors.
Bloomberg Markets
Nigerian tycoon Tony Elumelu is part of a team considering a $15 billion pipeline of investment projects across West Africa to help curb the region’s infrastructure deficit.
Bloomberg Markets
The Australian dollar touched the lowest level since early July, extending its decline after domestic labor data pushed traders to scale back expectations of interest rate increases from the Reserve Bank of Australia.
Bloomberg Markets
Initial jobless claims were little changed in early-October, reinforcing the view that the labor market is cooling through slower hiring rather than rising layoffs.
The report gives the Fed little reason to worry about an abrupt deterioration in employment, but it doesn’t ease broader concerns about weak job creation.
Lakshman Achuthan, COO and co-founder at ECRI, gives his outlook on employment and reacts to inflation data. (Source: Bloomberg)
Financial Times
777 Partners co-founder expected to change plea one day before trial over alleged scheme to defraud investors and lenders
NY Times Business
Military forces have sought to damage the computing hubs that power online services and artificial intelligence systems.
MarketWatch
The continued selloff in the AI trade is forcing investors to ditch highflying tech for relative safety of government bonds, even as hot inflation threatens to make that trade complicated.
Bloomberg Markets
After decades of geopolitical stability and relative predictability, the rules of global engagement are being rewritten. From October 13–15, the Bloomberg New Economy Forum brought together public-and private-sector leaders from around the world in New Delhi to examine: A World in Play: Defining the New Levers of Power. (Source: Bloomberg)
Bloomberg Markets
JPMorgan Chase & Co. is weighing options for a fresh debt sale for Qualtrics International Inc. after underwriters got stuck with more than $5 billion of loans earlier this year.
NY Times Business
Among the measures up for a vote in November is one that would amend the state’s landmark environmental law and make it easier to build large housing developments outside cities.
Bloomberg Markets
US producer prices rose in September at the fastest pace in more than four years as higher energy costs reverberated through the US economy.
The producer price index advanced 1.3% from a month earlier — the most since March 2022 — and 6.3% from a year earlier, according to Bureau of Labor Statistics data.
Stephanie Roth, Chief Economist at Wolfe Research, reacts to the data. (Source: Bloomberg)
NY Times Business
Mortgage rates have pushed above 7 percent and home prices remain elevated, hurting the prospects of would-be buyers.
Bloomberg Markets
On this episode of Stock Movers:
- CoreWeave (CRWV) shares are continuing their slide amid a major issue with their debt. CoreWeave's debt has weakened in recent months, with credit-default swaps pricing in a more than 50% chance of default within the next five years, and the company's bonds now yield 15% — a level that is practically unheard of in the primary market for new debt.
- Taiwan Semiconductor Manufacturing (TSMC) shares are moving after it delivered a better-than-expected revenue out
Bloomberg Markets
Bitcoin briefly slid below $80,000 for the first time in almost a month, swept up in a broader retreat from risk assets as an AI-led selloff on Wall Street undercut crypto’s attempt to rebuild a bullish tone.
Bloomberg Markets
Bloomberg Markets
Uganda’s shilling extended gains for a second day Thursday after the central bank delivered its biggest interest-rate increase since 2011 and was suspected of selling dollars.
Bloomberg Markets
State and local debt prices rallied across the curve on Thursday, with 10-year municipal bonds surging the most since last April, in line with a similar move in the US Treasury market.