The US proposed to its Group of Seven allies that they create a special purpose vehicle to issue at least $50 billion of bonds backed by the profits generated by frozen Russian sovereign assets and use the proceeds to support Ukraine, according to people familiar with the plan. The proposal would pool the $280 billion … Read more
Stock Market Today: Dow, S&P Live Updates for March 19 Bloomberg Source link
To get John Authers’ newsletter delivered directly to your inbox, sign up here. It’s still impossible to have any conversation about markets without being asked whether a bubble is already inflating. So let’s return to the topic, yet again. And to be clear about the terms, we’re not asking whether the market is too cheap, … Read more
I’m Enda Curran, senior economics reporter in Washington, and today we’re looking at the implications of US economic exceptionalism. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. Plentiful jobs, confident consumers, sustained … Read more
Federal Reserve Governor Christopher Waller said the US dollar is likely to keep its preeminent status globally despite recent threats from cryptocurrencies, the rise of the euro and China’s promotion of its own yuan. “I do not expect to see the US dollar lose its status as the world’s reserve currency anytime soon,” Waller said … Read more
Argentina devalued the peso by 54% and announced a swath of spending cuts as the first steps of President Javier Milei’s shock-therapy program, moves welcomed by the International Monetary Fund. The newly inaugurated administration weakened the official exchange rate to 800 pesos per dollar, Economy Minister Luis Caputo said in a televised address after the … Read more
Stock Market Today: Dow, S&P Live Updates for November 22 Bloomberg Source link
Stock Market Today: Dow, S&P Live Updates for November 21 Bloomberg Source link
The stock market extended its powerful November rally ahead of Nvidia Corp.’s results, with Wall Street also breathing a sigh of relief as a $16 billion sale of 20-year Treasuries lured bond buyers. Shortly after the auction resultsBloomberg Terminal, US 10-year yields reversed course and fell to around 4.4%. The S&P 500 closed at the … Read more
Stocks climbed while bond yields tumbled as an unexpected inflation slowdown bolstered bets the Federal Reserve’s aggressive hiking cycle is now over — and the next move will be a rate cut next year. The S&P 500 rose nearly 2%, the most since April. Tesla Inc. led gains in megacaps and Nvidia Corp. rallied for … Read more