Bloomberg Markets

Carrefour Cuts Profit Forecast on Riots, Looting in France

Carrefour SA lowered its full-year financial targets, blaming recent social unrest in France for undermining consumer confidence and keeping shoppers away. The shares fell the most since 2020.

business  21h ago

Bloomberg Markets

Russell Weighs Letting Growth Stocks Claim Up to 60% in Indexes

For almost four decades, FTSE Russell has divided the market value of stocks in its benchmarks evenly between growth companies prized for their earnings potential and value stocks favored for their relatively cheap prices. Now, as technology giants increasingly dominate the market, the index provider is reconsidering that 50/50 split.

business  21h ago

Bloomberg Markets

WestJet Bonds Slide to Record Low as Fuel, Trade Tensions Rise

WestJet Airlines Ltd., Canada’s second-largest air carrier, saw its bonds fall to their lowest level since they were issued in June, as spikes in the cost of fuel and trade tensions are dimming its earnings outlook.

business  21h ago

Bloomberg Markets

German Rail Struggles With Rhine Diversions, Logistics Firm Says

Germany’s rail network is unable to handle all the goods that are being diverted from the Rhine River — where water levels are low — with maintenance crimping capacity, rail logistics firm VTG GmbH said.

business  21h ago

Bloomberg Markets

US Eyes India’s Reliance to Refine Venezuelan Oil

The US is looking to persuade India’s Reliance Industries Ltd. to refine more Venezuelan crude as Washington seeks to bring additional supplies to a market rattled by the Iran conflict.

business  21h ago

Bloomberg Markets

Treasuries Rise as Oil Retreats From Highest Levels in Weeks

Treasuries rose as benchmark oil prices retreated from the highest levels in weeks, prompting traders to trim wagers on Federal Reserve interest-rate hikes over the coming year.

business  21h ago

Bloomberg Markets

Radiology Partners Pulls Loan in Latest Sign of Market Weakness

Radiology Partners Inc. has pulled a loan offering to help fund an acquisition, the latest sign of weakness in the leveraged loan market.

business  21h ago

Bloomberg Markets

Citadel's Esposito on Bank Partnerships, Fixed Income Growth

Citadel Securities President Jim Esposito discusses the firm's relationship with banks, plans to grow in the fixed income market and his views on prediction markets with Bloomberg's Dani Burger on the sidelines of Citadel's annual Future of Global Markets Conference in New York. (Source: Bloomberg)

business  21h ago

NY Times Business

Trump Tariffs on Canada Spark Latest Lawsuit Over Trade Powers

Once again, the president’s ability to wage a trade war without Congress will come before a court that has repeatedly ruled against him.

business  21h ago

MarketWatch

Elon Musk promised a SpaceX share to every kid in America — don’t hold your breath

Trick or treat? Musk has a long record of saying things have little relation to reality.

business  21h ago

Bloomberg Markets

Citadel Looking to Grow in Fixed Income, Esposito Says

"We're only really getting started in fixed income," Citadel Securities President Jim Esposito says during an interview with Bloomberg's Dani Burger on the sidelines of Citadel's annual Future of Global Markets Conference in New York. Esposito also says the firm is "maniacally" focused on market making. (Source: Bloomberg)

business  21h ago

Bloomberg Markets

Jeanne Sun Favors US Stocks as AI Rally Continues

Jeanne Sun of Citi discusses resilient earnings, AI-driven productivity gains and how investors are navigating market volatility. She says Citi favors US equities while remaining cautious on Treasuries as strong growth and sticky inflation pressure yields. (Source: Bloomberg)

business  21h ago

Bloomberg Markets

AI Fears Roar Back, Tech Earnings on Deck

A rebound in the artificial intelligence trade sputtered after the dismal debut of a South Korean data center firm revived concerns about whether the technology’s spending boom can last. Seoul’s Kospi Index fell 3.8% on a fresh bout of weakness in two of the world’s biggest memory makers, Samsung Electronics Co. and SK Hynix Inc. AI infrastructure group Elice Inc. suffered the worst opening day for a sizable company on the bourse, even after an initial public offering that was 400 times subscri

business  21h ago

Bloomberg Markets

Brazil Halts Poultry Shipments to China After Disease Outbreak

Brazil has halted all poultry shipments to its biggest buyer China after confirming a case of viral, highly contagious Newcastle disease.

business  21h ago

Bloomberg Markets

Brazil Traders Ramp Up Hedges Ahead of Tight Election Runoff

Investors are ramping up hedges ahead of Brazil’s presidential runoff as polls point to a tight race between right-wing candidate Flávio Bolsonaro and the incumbent President Luiz Inácio Lula da Silva.

business  21h ago

MarketWatch

Is your annuity really guaranteed? Read this before you buy one.

The payout of the annuity you just bought or renewed may be less than advertised, so there are questions you can ask before you sign anything to make sure what you’ll get.

business  21h ago

Financial Times

US pending home sales fall to record low as mortgage rates surge

Sales contracts dropped 7.3% in September as rising borrowing costs deepened housing market slowdown

business  22h ago

Bloomberg Markets

Elice Plunges in Trading Debut; General Motors Falls on Forecast | Stock Movers

On this episode of Stock Movers: - Elice (KS) is floundering as it plunged in their trading debut, falling as much as 38% and finishing the day with a 32% loss. The selloff threatened a tentative recovery in Asian stocks and revived concerns over neoclouds, as rising borrowing costs and doubts over returns from massive AI spending sour investor appetite. - GE Aerospace (GE) is moving after raising its full-year outlook amid strong aircraft engine demand, despite resurgent jet fuel prices. - Gen

business  22h ago

Bloomberg Markets

Centerbridge, Mubadala in Talks to Buy Canaccord’s UK Wealth Unit

Canaccord Genuity Group Inc. is in talks to sell its UK wealth management business to a consortium led by private equity firm Centerbridge Partners, according to people with knowledge of the matter.

business  22h ago

MarketWatch

Here’s why GM’s stock is having its worst day in over a year

The automaker lowered its full-year profit expectations as it plans to pause some truck production.

business  22h ago