NY Times Business
In a volatile moment for energy markets, more vessels are being hit while transiting the Strait of Hormuz, while the Houthis and Saudi Arabia traded attacks.
Bloomberg Markets
Money managers who focus on economic growth and the strength of earnings are showing growing doubts about the rally in US stocks.
Financial Times
Even when governments do sign big cheques, it takes a while for defence contractors to ramp up production
Bloomberg Markets
Oasis Management Co. founder Seth Fischer said his activist fund has increased its stake in Nidec Corp. to become the largest shareholder, adding heft to its call for the troubled Japanese motor maker to consider a sale.
Bloomberg Markets
Shipping costs are eroding refineries’ margins, raising the prospect of run cuts that would further tighten the market.
Bloomberg Markets
Bank of America’s stock and fixed-income traders missed estimates in the third quarter, with bond-trading revenue falling 17% and equity trading down 10%. Chris Marinac, director of research at Brean Capital, examines the results on “Bloomberg Surveillance.” (Source: Bloomberg)
Bloomberg Markets
Former St. Louis Federal Reserve President James Bullard discusses his outlook for the Fed’s policy path through the end of the year on “Bloomberg Surveillance.” (Source: Bloomberg)
Bloomberg Markets
Barclays Chief UK Economist Jack Meaning says the government is hoping for a "beige" Budget — avoiding the kind of fiscal event that has unsettled bond markets in recent years. He spoke to Bloomberg's Caroline Hepker and James Woolcock after Barclays teamed up with the Institute for Fiscal Studies for its annual Green Budget analysis. The IFS warns UK Chancellor John Healey must find £35 billion to meet the Labour government's spending ambitions ahead of the Budget later this month. (Source: Blo
Bloomberg Markets
The President of the auto lobby ACEA Ola Källenius, who’s also the CEO of Mercedes-Benz Group, welcomed the recent deal to cap the imports of Chinese hybrid vehicles to the EU. He called for a level-playing field and the EU to increase its competitiveness. He spoke with Bloomberg’s Oliver Crook in Brussels. (Source: Bloomberg)
Financial Times
World’s largest asset manager has become an increasingly powerful force in private capital after acquisitions of HPS and Global Infrastructure Partners
MarketWatch
Analysts at JPMorgan and Citigroup see further revenue growth for the semiconductor foundry, even after already posting a record-breaking figure for the third quarter.
MarketWatch
Bank of America’s stock falls as investor disappointment over the $1.2 billion government fine added to the bank’s downbeat earnings report.
Financial Times
Second-largest US bank also delivers disappointing performance in trading and investment banking
Bloomberg Markets
US equity futures waver ahead of the latest CPI data and bank earnings. ASML boosts its sales outlook and warns that it may not be able to meet soaring AI demand in 2027 and 2028. Iran-backed Houthis launches attacks across Saudi Arabia, hitting Saudi Aramco’s headquarters. Russia strikes energy facilities in Ukraine. Jerek Kutylowski of DeepL speaks to Bloomberg's Tom Mackenzie at the International AI Summit in Dublin. Christopher Hodge of Natixis joins "Bloomberg Brief" to look ahead to the in
Bloomberg Markets
Bank of America’s stock and fixed-income traders missed estimates in the third quarter, with bond-trading revenue falling 17% to $2.55 billion and equity trading down 10% to $2.51 billion. The bank’s results were also hurt by a charge tied to a regulatory penalty over money laundering and sanctions violations. Kristine Aquino reports on Bloomberg Television. (Source: Bloomberg)
MarketWatch
Goldman Sachs economists have calculated how much the AI boom has contributed to inflation.
CNBC Finance
Morgan Stanley is expected to benefit from robust investment banking and equities trading revenue.
MarketWatch
Third-quarter earnings growth is expected to be driven by energy and semiconductor companies, but what if the rest of the market shows up? HSBC envisages a stock market finally broadening out.
Bloomberg Markets
India’s securities watchdog proposed sweeping changes to rules governing the listing and trading of small companies, seeking to ease access to capital markets and broaden investor participation.
Bloomberg Markets
Federal Reserve Vice Chair for Supervision Michelle Bowman said that although inflation remains above the central bank’s goal, “I think we have some time to wait and see how financial conditions and the economy evolves.” She spoke Wednesday with Institute of International Finance CEO Tim Adams at the IIF Annual Membership Meeting in Bangkok. (Source: Bloomberg)