Bloomberg Markets
A forecaster who was early to call the most recent Federal Reserve rate hike now says a bigger, half-percentage-point rate increase could be on the table in December.
MarketWatch
Neutron, a medium-lift rocket meant to rival SpaceX’s Falcon 9, will no longer launch this year.
MarketWatch
For most of U.S. history, an all-stock and a 60-40 portfolio have run neck-and-neck for trailing 30-year returns.
MarketWatch
The CEO’s the U.S.’s biggest banks all chimed in on the risks of related to the massive AI buildout, but how there’s still no sign that investments need to slow down.
Financial Times
Newly unsealed court filings say Abdulrahman Alfozan, his wife and a third family member had booked travel for October 12
Bloomberg Markets
Huel CEO James McMaster discusses Danone’s roughly $1.2 billion acquisition of the UK-based meal-replacement and protein-shake maker. He says Huel established local manufacturing and warehouses when it entered the U.S. about eight years ago, and has since grown internationally; the company views Danone as the right partner to take it to its next stage. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
Financial Times
AI start-up gathered investors for presentations in San Francisco on Wednesday ahead of its anticipated public listing
Bloomberg Markets
Loop Capital is buying $450 million in client assets from Lifeline Capital to expand its wealth management business and serve more athletes and entertainers. Founder, Chairman and CEO Jim Reynolds said the firm encourages athletes to invest in companies and gain ownership rather than rely on short-term endorsement payments. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
Bloomberg Markets
Asian stocks were set for declines, tracking a tech-led Wall Street selloff after hotter-than-expected US inflation fueled bets on more aggressive Federal Reserve rate hikes.
Bloomberg Markets
Oil held a gain as a flare-up in attacks from Russia to the Middle East threatened supply that only recently recovered to near pre-war levels.
MarketWatch
Buckle up: Small-cap stocks just hit a market milestone they’d rather avoid.
Bloomberg Markets
A Canadian consumer lender has left creditors with potential claims of more than C$613 million ($430 million), while a court-appointed receiver struggles to account for the firms’ loans and determine how investor money was used.
NY Times Business
Motasem Khashoggi, who hails from a prominent Saudi family, missed a Tuesday deadline to deliver a $100 million deposit to purchase the Manhattan landmark.
Bloomberg Markets
While inflation numbers might not be disastrous, they’re still disappointing and moving in the wrong direction. Bloomberg Opinion columnist John Authers explains where this leaves the US, and if it will lead to any more rate hikes from the Fed. (Source: Bloomberg)
MarketWatch
The annual cost-of-living adjustment may soon be capped, curtailed, means-tested or scrapped altogether under various proposals being actively considered
Financial Times
Tech companies face off in court as ChatGPT maker prepares to unveil AI device designed by Sir Jony Ive
Bloomberg Markets
Japan’s biggest bank is tentatively getting back into the country’s benchmark government bonds, even as it remains concerned that yields could further spike due to fiscal and monetary policies in the nation.
Bloomberg Markets
Oil gained Wednesday as hostilities intensified from Russia to the Middle East, threatening supply flows that only recently recovered to near pre-war levels.
Brent traded above $106 after Iran-backed Houthi rebels launched missile and drone strikes across Saudi Arabia, including a hit that damaged Saudi Aramco’s headquarters. That added to an escalation in Iranian attacks on tankers in the Strait of Hormuz that’s threatening a rebound in Gulf supply. We discuss the latest energy headlines with
MarketWatch
Baby boomers have been the biggest force driving home sales over the last few years. Many of them are moving to be close to family, and in particular, their grandchildren.
NY Times Business
The S&P 500 fell 1.1 percent on Wednesday, the steepest drop in more than two months.