VIX Backwardation Flashes Warning to Stock Market

VIX Backwardation Flashes Warning to Stock Market

Wall Street’s famous fear gauge is sending worrying messages to US stock bulls, betraying growing anxiety in the volatility market over rising tensions in the Middle East and ongoing turbulence in the bond world. While the S&P 500 Index’s declines this week have appeared largely orderly, the nearest futures contracts tied to the Cboe Volatility … Read more

Marcos Bid to Challenge China on Disputed Shoal Pressures US

Marcos Bid to Challenge China on Disputed Shoal Pressures US

Philippine President Ferdinand Marcos Jr. spent the first 15 months of his term working with the US and its allies to counter China’s incursions in the South China Sea. Now, his government is taking the fight more directly to Beijing in a move that could force the US to make some tough choices. Marcos this … Read more

AI could be the next tool to prevent veteran suicide

AI could be the next tool to prevent veteran suicide

Suicide remains the second leading cause of death for veterans under the age of 45 and U.S. veterans are at an increased risk of suicide compared to other people. Amid this backdrop, many groups are working the help veterans heal and find help when in crisis. On Veteran Suicide Awareness Day, NewsNation’s special coverage is aimed … Read more

Hampton Roads representatives call for end of Sen. Tuberville’s military holds

Hampton Roads representatives call for end of Sen. Tuberville’s military holds

NORFOLK, Va. — Sen. Tommy Tuberville (R-Alabama) continues to block hundreds of military members from being promoted through Senate confirmation. Members of Congress who represent Hampton Roads say his holds need to end. “He has been unable to convince his colleagues that he’s right and he’s just punishing people who have nothing to do with … Read more

What If Tom Wolfe’s Bonfire of the Vanities Wasn’t About Wall Street?

What If Tom Wolfe’s Bonfire of the Vanities Wasn’t About Wall Street?

Welcome to Bw Daily, the Bloomberg Businessweek newsletter, where we’ll bring you interesting voices, great reporting and the magazine’s usual charm every weekday. Let us know what you think by emailing our editor here! If this has been forwarded to you, click here to sign up. Stacked in the vaults of the New York Public … Read more

Xi’s Missing Defense Chief Opens Door for US Military Talks

Xi’s Missing Defense Chief Opens Door for US Military Talks

Over the summer, Beijing limited Pentagon chief Lloyd Austin to a single handshake with sanctioned Chinese Defense Minister Li Shangfu at a top military forum. Now, Li’s drop from public view could help reboot senior-level military talks between the superpowers. The Chinese defense chief is reportedly under probe after not being seen in public since … Read more

Luxury Cruise Runs Aground in Greenland Arctic With 206 Passengers

Luxury Cruise Runs Aground in Greenland Arctic With 206 Passengers

A luxury cruise ship carrying 206 passengers — primarily Australians — has run aground in remote northeastern Greenland, with the closest vessel available to help with rescue efforts only expected to reach the scene on Friday. The Ocean Explorer became stuck at about noon on Monday in the Alpefjord, roughly 870 miles (1,400 kilometers) northeast … Read more