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UBS Group AG analyst Erika Najarian says Goldman Sachs Group Inc. may have the tallest order when it comes to demonstrating earnings prowess this week, while investors may be focused on more on succession at JPMorgan Chase & Co. She previews Wall Street bank earnings on "Bloomberg Surveillance." (Source: Bloomberg)
Big bank earnings kick off with expectations running sky-high. KBW's Chris McGratty joins Open Interest to explain why capital markets remain a major tailwind, why deposit costs and credit quality could become the biggest risks, and why Morgan Stanley stands out as his top large-bank pick despite rich valuations. (Source: Bloomberg)
The dollar’s recent gains are at risk if the selloff in artificial intelligence stocks deepens, according to Apollo Global Management Inc.’s Torsten Slok.
Following a wave of price hikes, at-home pastimes like streaming movies or playing video games are pinching pocketbooks.
An American aid worker who tested positive for Ebola is stable and being treated in a specialized isolation unit at Frankfurt University Hospital in Germany, according to a statement from the hospital.
The Strait of Hormuz is a major oil-shipping route and the epicenter of the U.S. and Israel's ongoing war with Iran.
The biggest US banks — set to kick off a marathon Tuesday with five of those firms reporting second-quarter earnings — are reaping the benefits of a volatile past few months that’s spurred more action from clients wanting to trade. Chris McGratty, Head of US Bank Research at KBW, previews what to expect from bank earnings. (Source: Bloomberg)
The skies above the Hamptons are packed with choppers headed to games, as “inequality is taking it right in the face.”
For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices.
A selloff in tech giants sent stocks lower, with the market also falling as oil jumped after clashes over the Strait of Hormuz raised concerns about a disruption in energy supplies that could fuel inflation. Stuart Kaiser, Head: US Equity Trading Strategy at Citi gives his outlook on the markets and looks ahead to June CPI out Tuesday. (Source: Bloomberg)
Oil gained after the US carried out another wave of strikes against Iran, with the two sides disputing whether the Strait of Hormuz was open. Ed Morse, Senior Advisor and Commodity Strategist at Hartree Partners, discusses what's next for energy markets amid uncertainty in the Strait of Hormuz. (Source: Bloomberg)
On this episode of Stock Movers: - MGM Resorts International (MGM) shares are rising on a report regarding a potential takeover bid from Barry Diller. - SK Hynix (SKHY) shares are lower and other memory stocks are also falling. It is lower over concerns with the sustainability of artificial-intelligence spending. The drop in South Korean trading is likely to cause a hit to the American depositary receipts as well. The debate between the optimists and pessimists will continue, which should create volatility, according to Hendi Susanto, portfolio manager at Gabelli Funds. - Agenus (AGEN) shares are moving higher on news of a deal that it's selling up to $3540 million worth of securities. (Source: Bloomberg)
The renewed hostilities posed fresh risks to ships seeking to navigate the Strait of Hormuz.
Billionaire Izzy Englander’s Millennium Management is expanding into Latin America’s biggest economy.
Elizabeth Warren asked Jamie Dimon if he took advice from child sex offender while lobbying against UK tax on bankers’ bonuses A leading Democratic senator has written to the JP Morgan Chase boss Jamie Dimon to request clarification on the bank’s contact with the child sex offender Jeffrey Epstein . Elizabeth Warren, the top Democrat on the senate banking committee, wrote to the Wall Street grandee last week to ask if he took advice from Epstein while lobbying against a UK tax on banker bonuses, in a letter published by the US senate’s banking, housing and urban affairs committee . Continue reading...
President Donald Trump said the US would reinstate its blockade of Iranian ships transiting the Strait of Hormuz and demanded a 20% reimbursement on all other cargo shipped through the waterway.
Several UK companies including Waterstones Booksellers Ltd. and SumUp Payments Ltd. are considering deferring their initial public offerings in London to 2027, according to people familiar with the matter, denting the capital’s hopes for a substantial revival in listings activity this year.
The US and Iran have escalated attacks against each other as President Donald Trump says the US will "keep the Strait" and "probably run it." Both countries have been offering conflicting statements about whether the Strait of Hormuz is actually open to shipping. Bloomberg's Tyler Kendall reports. (Source: Bloomberg)
Exclusive: Three men killed in incidents over past year allegedly involving G4S guards, who replaced in-house team after previous deaths Bereaved families and politicians have raised alarm about continued killings on Del Monte’s pineapple farm in Kenya despite the company hiring G4S to replace its in-house security team after previous deaths were exposed by the Guardian. Del Monte appointed G4S to guard the farm, which is estimated to cover at least 40 sq km, the area of a small city, after the Guardian detailed allegations of brutal assaults and killings of people suspected of trespassing on its land. Kenyan police have been working with G4S to guard the site. Continue reading...
Roaming charges also scrapped and trading terms continue for medicines, cars, art, jewellery and other goods British nationals can expect shorter passport queues at Swiss airports and border crossings after a £5.2bn trade deal was sealed by Keir Starmer, likely his last big international agreement as prime minister. As part of the deal they will be able to use e-gates from later this year, starting with exit checks at Zurich airport and with Basel and Geneva, a leading airport for business and winter sports travel, to follow next year. Continue reading...
Oliver Blume tells staff restructuring proposal includes ‘controversial decisions’ but he has broad support Business live – latest updates The chief executive of Volkswagen has confirmed plans to cut 50,000 more jobs despite the carmaker’s supervisory board rejecting his plan to shut four factories in Germany. Oliver Blume told staff on Monday that proposals for a sprawling restructuring was “the most comprehensive realignment in the company’s history” and revolved around “12 initiatives, approximately 150 pages and 45 individual resolutions” for change. Continue reading...
Delta Air Lines CEO Ed Bastian says oil prices will stay "sticky for longer," but the carrier will still do "just fine." He says there is still strong demand for premium and international travel. He speaks to Bloomberg's Lisa Abramowicz. (Source: Bloomberg)
The newest status symbol on the streets of Manhattan is a high-tech portable fan that’s been hard to get hold of. Samantha Kelly tried one of Dyson's new portable fans out in the New York City heat. (Source: Bloomberg)
Brent crude jumps 3.4% and European markets drop, with airlines including Ryanair among hardest hit Business live – latest updates Oil prices jumped and stocks fell after the US launched a fresh wave of attacks against Iran amid an escalating standoff over the strait or Hormuz. Brent crude, the international benchmark for oil prices, rose 3.4% to $78.59 a barrel on the renewed hostilities in the Middle East. It had been trading at $72.48 before the outbreak of the war in February, and hit as high as $120 in April. Continue reading...
Delta Air Lines Chief Executive Officer Ed Bastian says higher fuel prices are not deterring travel. He says the carrier is actually seeing strong demand for premium, corporate and international travel. He also talks about how some customers are choosing a better seat on the plane over perks they could get in first class. He speaks to Bloomberg's Lisa Abramowicz at Delta headquarters in Hapeville, Georgia on "Bloomberg Surveillance." (Source: Bloomberg)
After the release of a new report, the European Commission is considering changing the rules across the 27-nation bloc.
A grand jury is investigating whether Shawn Fain used his position to seek favors for his fiancée and retaliated against the union official who denied them.
A letter calls for policymakers to do more to understand and respond to potential disruptions from artificial intelligence.
Cocoa demand is expected to remain uneven across the world, suggesting the recovery remains fragile as renewed supply concerns push bean prices higher and threaten to keep chocolate pricier for longer.
Stocks dropped on Monday as investors assessed a tense situation in the Middle East, with President Donald Trump announcing that the US would reinstate its blockade of Iranian ships transiting the Strait of Hormuz.
Earnings season kicks off in earnest on Tuesday with big banks up first. Corporate America faces a high bar to beat investor expectations.
President and allies have sued, cut access and issued subpoenas, but experts say media still producing strong work Donald Trump has ramped up his attacks on the media to a level without precedent in American history in the first 17 months of his second presidency. But have Trump and his allies won their war against the media – or at least put the industry on a weaker footing than in the past? The answer isn’t so straightforward. Continue reading...
A day after making an investment call tied to subsiding Middle East tensions, BCA Research’s Marko Papic had to scrap his recommendation at a loss. Donald Trump had said the war in Iran was back on.
Record numbers find there is little demand for their skills, as entry-level tech roles are hit by AI and automation This time of year is graduation season in China: traditionally a bittersweet period of solemn goodbyes and family celebrations as university students transition from campus life into adulthood. Now it also increasingly represents trepidation about the future. Each year, millions more graduates are thrust into China’s already saturated jobs market. The situation for this year’s cohort, flooding into an increasingly crowded pool of applicants fighting for an insufficient number of positions, is arguably the bleakest yet. Continue reading...
Investors are flocking back to Apple Inc. as nervousness about artificial intelligence spending weighs on the stocks of chipmakers and cloud-computing giants.
Let the adrenaline flow on coasters that will shoot you high in the air, spin you around and turn you upside down. You’ll definitely want a second ride.
From harvests dampened by El Niño to wage and tax rises, getting coffee beans from crop to cup costs more than ever Drinkers across the UK were shocked when a pint in some London bars hit £10, and now a cup of coffee is facing a similar inflationary rate. Some baristas are now charging £6.50 for a flat white. Higher energy bills, inflated by the war in the Middle East , as well as government policies which have increased tax and wages, are filtering through into coffee prices, experts said. Continue reading...
Asian shares tumble with South Korea’s Kospi down nearly 10% Meanwhile, European airline stocks are falling, not surprising given the sharp increase in oil prices as the US and Iran trade attacks and engage in a war of words over whether the strait of Hormuz is open. The pan-European Stoxx 600 fell 0.2%, after recording its biggest weekly loss since late April on Friday. The travel and leisure sub-index tumbled 1.2% as Ryanair (down 0.9%), Air France (down 2.4%) and International Consolidated Airlines (down nearly 2%), which owns British Airways, Iberia, Vueling, Aer Lingus and other carriers, all fell. Good luck with that timing, given all the wrangling over spending cuts and tax rises that lies ahead, and with things kicking off again in the Middle East... Continue reading...
European stocks were muted as declines in tech and travel shares were offset by gains in the energy sector, which was lifted by higher oil prices.
US stocks beyond the technology giants are poised to report strong earnings this season, broadening the equity rally, according to Morgan Stanley strategists.
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