A key measure of underlying US inflation favored by the Federal Reserve cooled last month, and consumer spending rebounded sharply. Earlier in the week, the collapse of a major bridge in Baltimore will cause weeks or months of transportation disruptions in the Mid-Atlantic region and accelerate a shift of cargo to the US West Coast. … Read more
Tech giants led gains in stocks at the start of a week that will bring a raft of central-bank decisions from the US to England and Japan. Equities rebounded from a recent pullback, with megacaps outpacing the broader market. Alphabet Inc. jumped as Bloomberg News reported Apple Inc. is in talks to build Google’s Gemini … Read more
Prime Minister Fumio Kishida suffered another blow in Japan’s widest-ranging political scandal in decades with the arrest of a ruling party lawmaker on Sunday. Kishida told reporters Sunday that he was aware of the detention of Yoshitaka Ikeda, a member of the Liberal Democratic Party’s biggest faction, and called it “very regrettable, and we take … Read more
Stocks and currencies in Asia rose in a relief rally as investors weighed the possible peak of the Federal Reserve’s historic tightening campaign. Equity benchmarks advanced across the region from Sydney to Hong Kong, with tech firms at the forefront. The South Korean won led emerging-market currencies higher, while the yen also advanced. US stock … Read more
Stock Market Today: Dow, S&P Live Updates for October 31 Bloomberg Source link
Ousted: The Bloomberg Open, Asia Edition 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
Sony Hikes Outlook as Games Help Offset Smartphone Weakness Bloomberg Source link