This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, economy reporter Reade Pickert sketches out the prospects for a government shutdown. Sign up here and follow us at @bpolitics. Email our editors here. Congress has backed itself against the wall, again. That means the countdown to a government … Read more
In exchange for withdrawing criminal charges and waiving future charges against the bank, Goldman Sachs agreed in July 2020 with the Muhyiddin Yassin-led government to repay Malaysia $3.9 billion. The Anwar administration has disputed the amount to be paid to Malaysia, saying the payable sum negotiated by the previous government is too small. Anwar says … Read more
Good morning. Global bonds are sinking, Arm’s jumbo IPO and Germany’s relations with Huawei. Here’s what people are talking about. Global government bond yields extended their climb — with the US 30-year reaching the highest point since 2011 and other benchmarks returning to 2008 levels — as resilient economic data challenges the view that central … Read more
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. Pacha, the nightlife juggernaut often credited with kick-starting Ibiza’s … Read more
The market for new preferred shares in the US is reopening after a near half-year freeze, raising hopes that this crucial source of capital — especially for the nation’s major lenders — is returning to normal. Money manager Apollo Global Management Inc. is offering $250 million of preferredsBloomberg Terminal on Wednesday, following Goldman Sachs Group … Read more
Deep within the underbelly of the options world lies a threat to the stock-market calm that’s prevailed all year. While benchmark indexes just limped to one of their smallest weekly changes of 2023, intraday moves tell a different story. Up-and-down swings in the S&P 500 are the widest since June and double what they were … Read more
A ‘help wanted’ sign is displayed in a window of a store in Manhattan on December 2, 2022 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
On the cusp of the iPhone 15 debut, Apple has finally admitted what has long been clear: The industry is facing a smartphone slowdown. Also: Another M3 Mac goes into testing, Apple seeks to downplay its Goldman Sachs rift, and Vision Pro developer labs get off to a sluggish start. Last week in Power On: … Read more
Stock Market Today: Dow, S&P Live Updates for July 19 Bloomberg Source link
As the trillion-dollar AI rally gathers pace, pity the humans on Wall Street trying to figure out this gravity-defying market. With the S&P 500 Index staging an improbable 16% advance this year, being both bearish and wrong is making life awkward for the people paid to predict where equities will go next. After being blindsided … Read more