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Stocks and Bonds Rise as Fed Rate-Hike Bets Ease: Markets Wrap
Global stocks climbed toward a record and bonds extended gains as a subdued US inflation report eased concerns about an imminent interest-rate hike by the …
Latest Oil Market News and Analysis for Aug. 13
Oil took a breather after a six-session gain, with futures edging lower as traders waited for signs of progress on reopening the Strait of Hormuz.
ANZ Profit Rises on Deposit Growth, Expansion in Business Loans
ANZ Group Holdings Ltd.’s profit climbed in the third quarter as the bank grew customer deposits and lending expanded in its business and private banking …
Kushner, Iger Buy Lakers for Record-Breaking $12.5 Billion
Josh Kushner and Bob Iger are buying the Los Angeles Lakers basketball team for a record-breaking price of $12.5 billion, according to people familiar with …
Indonesian Tech Firm GoTo Cut From MSCI Indexes in Review
MSCI Inc. removed GoTo Group from its indexes after a plunge in the Indonesian tech company’s share price left the stock difficult to trade.
Singer Vehicle Founder on Louis Vuitton Partnership
In a groundbreaking collaboration, luxury fashion house Louis Vuitton and high-end automotive restoration company Singer have teamed up to create custom Porsche cars. This marks …
Former CDC Official on the Cyclospora Outbreak
Dr. Debra Houry, Former Deputy Director for Program & Science at the CDC, discusses the ongoing cyclospora outbreak amid conflicting messages from health authorities. While …
Lightbridge CEO Says Nuclear Fuel Is Accelerating
Lightbridge CEO Seth Grae says the company’s advanced nuclear fuel is progressing faster than expected as testing continues at Idaho National Laboratory. He joins Bloomberg …
Firefly CEO Says Launch Demand Is Surging
Firefly Aerospace CEO Jason Kim says launch capacity is tighter than ever as commercial and government demand accelerates. He joins Bloomberg Open Interest to break …
Josh Kushner, Bob Iger Buy LA Lakers for Over $12 Billion
Josh Kushner and Bob Iger are buying the Los Angeles Lakers basketball team for a record-breaking price of more than $12 billion, according to people …
Goldman Sachs to Buy Neos Investments for $2.25 Billion
Goldman Sachs Group will pay as much as $2.25 billion to buy Neos Investments, expanding its asset manager’s reach in the actively managed ETF market. …
Cava Rises on Sales; CoreWeave Soars on AI Outlook | Stock Movers
On this episode of Stock Movers: - Cava (CAVA) is also rising this morning as sales jumped with Americans flocking to Pita Chips, Salmon, and …
Most Electricity Sought for AI Data Centers in US Will Never Materialize
More than two-thirds of the electricity sought for the artificial intelligence boom in the US isn’t likely to materialize due to “phantom” projects and long-shot …
Why Romantasy May Soon Be a Billion-Dollar Business
Romantasy has grown from a BookTok-driven obsession to a nearly billion-dollar business, powered by a largely female fandom scooping up special editions, merchandise, event tickets, …
Pimco Sees Fed on Hold Through 2026 as Inflation Moderates
Marc Seidner, CIO for non-traditional strategies at Pimco, discusses the outlook for inflation, the US economy and Federal Reserve policy. "We're much less fussed about …
UAE Shuttles Iraqi Oil Exports Through the Strait of Hormuz
Abu Dhabi National Oil Co.’s trading arm is offering to shuttle exports of Iraqi oil through the Strait of Hormuz, using its dark-transit playbook to …
Tata Sons Chairman N Chandrasekaran Resigns Ahead of AGM Next Week
Natarajan Chandrasekaran will step down as chairman of Tata Sons Pvt. when his term ends in February 2027, deepening a leadership crisis at the Indian …
SK Hynix, Samsung Extend Gains After Report Temasek to Invest
South Korean chipmakers extended gains following a local media report that Singapore’s Temasek Holdings Pte plans to invest in their stocks.
China Taps Deutsche Bank as First Foreign Yuan Clearer in Europe
China has authorized Deutsche Bank AG as the first non-Chinese lender that can settle yuan transactions in Europe, expanding its clearing network to promote the …
Korea’s 30-Year Bond Yield Hits Record on Oil, Rate Hike Bets
South Korea’s 30-year government bond yield climbed to a record, as elevated energy prices and weaker demand from life insurers intensified pressure on the debt …
Gold Rallies as Tame US Inflation Report Calms Rate Hike Fears
Gold extended gains above $4,400 an ounce as in-line US inflation data eased concerns about Federal Reserve interest-rate hikes.
S&P 500 Closes Near Record High on Tame Inflation: Markets Wrap
Stocks rose to a striking distance of a record after the latest inflation report matched expectations, easing concerns about imminent Federal Reserve rate increases.
Pakistan Says Deal Is Close Even as Iran, US Harden Stances
Pakistan’s defense minister said the US and Iran are “close to some sort of arrangement” over the Strait of Hormuz, even after both sides appeared …
Fmr. FDA, CDC Official on Cyclospora, Food Safety Issues
Steve Ostroff, Former Acting Commissioner of the FDA and Former Deputy Director of the National Center for Infectious Diseases at the CDC, joined the program …
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