Copper Heads for Weekly Loss as AI Selloff Hurts Risk Appetite
Copper headed for a third weekly loss in four as a selloff in technology stocks deepened, sapping risk appetite across…
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Dubai’s Top Bank Seeks Up to $1 Billion Loan From Asian Lenders
Emirates NBD Bank PJSC is marketing a syndicated loan of up to $1 billion to Asian banks, according to people familiar…
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Nippon Steel Raises US Mill Upgrade to $3 Billion as Costs Climb
Nippon Steel Corp. will spend $3 billion building a hot-strip mill in Pennsylvania, part of its $11 billion investment…
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Join siguimi.com →India Retail Traders Cut Back on Leveraged Bets as Stocks Slide
Zerodha founder Nithin Kamath has repeatedly voiced concerns about the use of margin loans by clients to buy stocks.
Read at source →HSBC, Standard Chartered Face Cost Test as Rates, Wealth Support Earnings
HSBC Holdings Plc and Standard Chartered Plc are expected to sustain strong returns on higher rates and Asian wealth…
Read at source →China Stocks Sink Deeper Into Bear Market Despite State Buying
Chinese stocks slid deeper into a bear market as rescue efforts by state-backed funds fail to rebuild investor…
Read at source →Yen Hits One-Month High as US Tech Rout Revives Haven Appeal
The yen extended its rally to the strongest level in more than a month, as a deepening selloff in technology stocks…
Read at source →Japanese Bond Yields Fall as AI Jitters Spur Haven Demand
Japanese government bond yields fell across the curve on Friday as an AI-driven selloff in equities boosted demand for…
Read at source →China AI Model Stocks’ $150 Billion Drop Shows No Sign of Easing
There’s no end in sight for the selloff in China’s artificial intelligence model developer stocks, with competition…
Read at source →Nasdaq Drops as Doubts Grow Over AI Spending
The Nasdaq 100 slid as doubts mounted over whether hyperscalers' massive AI investments will yield adequate returns.…
Read at source →Zip Shares Slide 50% After Flagging Costs Tied to US Fraud Event
Shares of Australian payments firm Zip Co. roughly halved after the company flagged A$10.1 million ($7.1 million) in…
Read at source →Gold Dips Below $4,000 as Deepening Stock Rout Fuels Volatility
Gold dipped below $4,000 an ounce, sliding to the lowest in more than three months, as investors sold the precious…
Read at source →Korean Stocks Drop on Chip Losses After US Selloff, Oil Gains
South Korean stocks retreated as heavyweight chipmakers declined, following an overnight selloff in US technology…
Read at source →Japan Inflation Rises Above BOJ Target, Backing Rate Hikes
Japan’s key price gauge rose above the Bank of Japan’s target level for the first time this year, supporting the case…
Read at source →Australia’s Victoria State Approves $700 Million Gas Project
Australia’s Victoria state has approved the production license for a A$1 billion ($700 million) natural gas project to…
Read at source →What a 35-Hour Train Ride Reveals About Vietnam’s Future
Vietnam is betting big on a $65 billion high-speed railway linking Hanoi and Ho Chi Minh City. Construction is set to…
Read at source →New York City Bans Horse-Drawn Carriages After Decade-Long Battle
New York’s City Council voted to ban horse-drawn carriages, ending a Central Park tourist staple dating to the 19th…
Read at source →Rio Tinto to Spend $1.9 Billion on Australian Bauxite Expansion
Rio Tinto Group will spend $1.9 billion to expand its bauxite mining operations in northern Australia, with the…
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Latest Oil Market News and Analysis for Oct. 23
Brent oil headed for a third weekly gain as intensifying attacks on Saudi Arabia raised the risk of wider Middle East…
Read at source →Tech Stock Selloff Deepens, Crude Oil Extends Gain: Markets Wrap
The global rout in technology stocks this week deepened as investors rotated out of the hottest trade of the year and…
Read at source →Mickey Drexler on Decker Results and Retail Outlook
Mickey Drexler, Chair of Alex Mill and Former CEO and chair of J. Crew, tells Bloomberg that apparel retailers need to…
Read at source →Affirm, Sam’s Club Strike Exclusive Buy Now, Pay Later Deal
Affirm is teaming up with Walmart’s Sam’s Club as the retailer’s exclusive buy-now, pay-later partner, just weeks…
Read at source →Australian Growth Likely Slower Than Expected, Chalmers Says
Australia’s growth will likely be slower than the 1.75% forecast in May’s budget, Australian Treasurer Jim Chalmers…
Read at source →Kroger CFO: We Are an Agent for the Consumer
Kroger CFO David Kennerley discusses the company plans to invest $5 billion in consumer value, including affordable…
Read at source →Huntington Bancshares CEO Stephen Steinour on 3Q Results
Huntington Bank shares were little changed after the company reported revenue below expectations and earnings per share…
Read at source →A Tesla-SpaceX Merger Doesn’t Add Up
Elon Musk is eager to consolidate Tesla and SpaceX, but recent earnings numbers show how odd that merger would be,…
Read at source →TD Cowen Analyst on Chipotle Downgrade
Andrew Charles discusses TD Cowen’s downgrade of Chipotle to Hold, citing concerns about sales trends. He said the…
Read at source →Jane Street, HRT Are Spending Billions to Win in AI Era
High-frequency trading firms are even building their own data centers as they compete for an edge in the AI era.
Read at source →Shopify-Like IPO Successes Becoming Rare in Canada, Nowlan Says
Canada will struggle to find another stock-market success story like Shopify Inc. as the country grapples with a…
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Moderna, Merck Fall After Melanoma Data Leak
Moderna and Merck shares plummeted after data on the companies' personalized melanoma vaccine wasn't enough to prove to…
Read at source →Closed College Campus in Boston Suburb to Sell for $21M
Bloomberg's Elizabeth Rembert joins Scarlet Fu on "Bloomberg Real Yield." A Boston suburb’s housing authority is…
Read at source →Ex-Goldman Banker’s Missouri Firm Fuels the Rise in Fintechs
Jackie Reses, co-founder & CEO of Lead Bank, said that she bought a bank so that she could 'disrupt' the banking system…
Read at source →NYC Public Schools to Consider Merging Sites as Enrollment Drops
Bloomberg's Erin Hudson joins Scarlet Fu on "Bloomberg Real Yield." Leaders of New York City Public Schools are working…
Read at source →Oil Tankers Plying the US-China Route Command $60 Million. It’s Crushing Demand.
US crude oil exports to Asia are set to hit multi-year lows after the Iran war disrupted global shipping and pushed the…
Read at source →Chile Copper Slump Deepens as Storms, Accidents Hit Aging Mines
Chile’s copper production will likely fall 8% to 9% this year, Finance Minister Jorge Quiroz said, worsening his…
Read at source →Rapid Junk Rout Amplifies Arini’s Losses and Erases Sona’s Gains
Arini Capital Management and Sona Asset Management’s main hedge funds were pummeled in recent weeks, as a sharp decline…
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