I’m Chris Anstey, a senior editor in Boston, and today we’re looking at reporting from Olivia Raimonde and Craig Torres of the resilience in corporate credit. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this … Read more
Stock Market Today: Dow, S&P Live Updates for October 31 Bloomberg Source link
US underlying inflation picked up along with consumer spending as the third quarter drew to a close, government figures showed ahead of the Federal Reserve’s penultimate policy meeting of the year. Consumer price growth also gathered pace in Tokyo, an indicator of nationwide inflation. Bank of Japan officials also meet next week, as do Bank … Read more
Business Of Sports If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. From media and technology to finance and … Read more
The new higher-for-longer stage of global monetary policy may last only until the early months of 2024 as central banks begin moving toward cutting borrowing costs. That’s the outlook foreseen by Bloomberg Economics, whose aggregate gauge of world interest rates is seen beginning a swift descent in the first quarter. In advanced economies, that shift … Read more
Global Economy Latest: Bloomberg Economics Expects a Recession Bloomberg Source link
Dividend Surge: The Bloomberg Close, Asia Edition Bloomberg Source link
For currency speculators around the world, the trade has long been a no-brainer: simply borrow yen, which costs nothing because of sub-zero interest rates in Japan, and then park the money anywhere yields are higher, earning a tidy profit from the difference. But now, a surprising low-cost alternative to the Japanese currency has started to … Read more
The Japanese yen, back near its weakest against the greenback in over three decades, may extend its bruising decline if the central bank sticks to a policy that’s keeping interest rates low, Suntory Holdings Ltd. Chief Executive Officer Takeshi Niinami predicts. The currency could fall to 170 yen per dollar, a level last seen in … Read more
Higher Yields: Meet the New Bonds, Same as the Old Bonds Bloomberg Source link