World News Feed
Latest news from trusted sources around the world
Can We Trust Election Prediction Markets?
Leading prediction markets have been heralded as “truth machines” — arenas for mass betting that reveal what people really think when they’ve got money on …
The US Is Making the Most Fuel Since Pre-Covid. It’s Not Enough.
US refiners are turning crude oil into products like gasoline and diesel at a pace not seen since before the Covid-19 pandemic, but even that …
US Consumers Continue to Grow More Cautious
US consumer confidence fell in July as Americans’ views about current business conditions and the labor market deteriorated. Elevated gasoline and food prices likely weighed …
Fed Watchers Gird for a Lesson in Reading Warsh
The 100-plus forecasters in the Bloomberg survey for Wednesday’s Federal Reserve interest-rate decision are almost entirely united: policymakers will stand pat. But that near-unanimity masks …
CDS Market Surges as Wall Street Picks AI’s Winners and Losers
As Big Tech barrels toward trillions of dollars of planned spending on AI, a key cog in credit markets is showing signs of pressure. That, …
Grant Thornton to Buy Advisory Firm CBIZ in $5 Billion Deal
Grant Thornton’s US arm has agreed to buy rival accountant CBIZ Inc. in a deal that values the target firm at $5 billion, marking one …
China’s Zijin Gold and Allied Gold Scrap $3.9 Billion Merger
Zijin Gold International Co.’s C$5.5 billion ($3.9 billion) takeover of Canada’s Allied Gold Corp. was scrapped after the mining deal failed to get Chinese regulatory …
VP Duterte Aides Made ‘Unusual’ Cash Widthrawal, Banks Managers Tell Senate
Philippine Vice President Sara Duterte’s aides made unusually large cash withdrawals in 2022 and 2023, former bank officers told the Senate impeachment court, which started …
Ukraine Says It Hit Major Rosneft Refinery in Russia’s Ryazan
Ukraine says it attacked a refinery owned by Russia’s largest oil producer Rosneft PJSC overnight, its first strike on a major oil-processing facility in nearly …
Adani Flagship Swings to a Loss on One-Off Cost on US Settlement
Adani Enterprises Ltd. swung to a loss in the June quarter, after booking a one-time charge for a US sanctions probe settlement that overshadowed operational …
US Intercepts Iran Attack on Bases, Puncturing Calm
The US said it intercepted an Iranian attack on military bases, ending a dayslong pause in fighting and increasing the risk of a return to …
SoftBank Sells Yen Bond to Institutions at Year’s Highest Coupon
SoftBank Group Corp. on Wednesday priced a ¥90 billion ($550 million) bond offering sold to institutional investors as the company broadens its funding sources at …
Unilever India Gets Rating Upgrades After Worst Day in Six Years
At least five brokerages upgraded Hindustan Unilever Ltd.’s shares following the consumer giant’s earnings, which triggered the worst selloff in more than six years on …
Korean Stocks Tumble a Second Day, Sparking Trading Suspension
South Korea’s stock selloff deepened as chip-makers extended losses following disappointment about SK Hynix Inc.’s earnings and as retail investors cut holdings.
Gold Wavers as Fed Rate Decision Looms and Mideast Tensions Rise
Gold wavered ahead of a finely balanced interest-rate decision by the US Federal Reserve due later Wednesday, while fighting escalated in the Middle East after …
Stocks Fall on AI, War Worries Before Fed Decision: Markets Wrap
Wall Street traders gearing up for the Federal Reserve decision sent stocks lower as oil jumped, with the market also bracing for results from two …
Latest Oil Market News and Analysis for July 29
Oil rallied as a fresh round of fighting erupted across the Middle East, a reminder of the continued risk to flows in the region and …
Bloom Surges After Raising Guidance as Earnings Double Estimates
Bloom Energy Corp. jumped after the fuel-cell maker posted earnings that were more than double expectations and raised full-year guidance for the second consecutive quarter, …
NYC Office Project Near Grand Central Lands $1.2 Billion Loan
BXP Inc. has secured a $1.2 billion loan to build a 46-story office tower connected to New York City’s Grand Central Terminal.
BlackRock Private Credit Plans Ramp Up in Challenge to Blackstone, Apollo
With direct lending powerhouse HPS in the fold, the world’s largest asset manager is pushing past its own challenges to angle for a large slice …
You’ll Know When to Worry About the Strategic Petroleum Reserve
How low can it go?
US Insurers Rally as Stocks Shift from AI Loser to Safe Haven
US insurance-related stocks rallied Tuesday, pushing an industry gauge to a record, as artificial intelligence concerns drove traders toward defensive parts of the market.
S&P Global’s Shares Drop as Company Misses Profit Estimates
S&P Global Inc. posted quarterly results that fell short of analysts’ average estimate, hurt by factors including the US-Iran War making it harder to boost …
Nasdaq 100 Nears a Correction as Chips Selloff Turns Ominous
The Nasdaq 100 Index is trading near a correction Tuesday as the selloff in semiconductor stocks turns ugly with investors questioning the amount of money …
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