Curated and linked market/company news with enrichment tags.
Newest first. Open any item to read the original source.
Retail and pro traders are obsessed with gauging the traffic in the Strait of Hormuz, thinking they can gain an edge on where oil prices are going. They can’t.
Prediction markets have boomed, inviting increased scrutiny from regulators and Congress.
Morgan Stanley is expected to benefit from robust investment banking and trading revenue in the quarter, as rivals JPMorgan Chase and Goldman Sachs have shown.
Rising fertilizer costs tied to global shipping disruptions are squeezing U.S. farmers, forcing cutbacks that could reduce crop yields and supply.
The U.S. has beaten Iran "militarily" and that the war is "very close to over," Trump said, claiming a peace deal likely.
Bank of America, the second-largest U.S. bank by assets, has topped expectations for earnings per share for 23 consecutive quarters.
The U.S. has beaten Iran "militarily" and that the war is "very close to over," Trump said, claiming a peace deal likely.
The growing dominance of a handful of banks supplying billions of dollars to help juice bets at hedge funds and proprietary trading firms is sparking new financial stability risks, ratings agency S&P Global Inc. warned.
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Laurent Ramsey, Managing Partner at the Pictet Group and Chairman of Pictet Asset Management; Burcu Ozcelik, RUSI Senior Research Fellow for Middle East Security & Greg Fleming, President and CEO of Rockefeller Capital Management. (Source: Bloomberg)
Snap was up in premarket trading on Wednesday after announcing plans to lay off up to 16% of its global workforce in an effort to streamline operations.
Software investor Thoma Bravo struck a strategic partnership with Alphabet Inc.’s Google Cloud to help the private equity firm’s portfolio companies accelerate their adoption of artificial intelligence.
Bank of America, the second-largest U.S. bank by assets, has topped expectations for earnings per share for 23 consecutive quarters.
Greenback index is at its lowest since early March
Hermes said wholesale activity was "significantly affected" in the first quarter by lower sales to concession stores, particularly in the Middle East and in airports.
There are plenty of ways to derail your retirement saving. Bloomberg personal finance reporter Suzanne Woolley has pinpointed a few that could really mess up your plans. (Source: Bloomberg)
The nation's largest grocer is giving the brand a more modern and colorful spin as other retailers invest in private label.
Mahindra & Mahindra Ltd. is at an advanced stage of assessing plans to upgrade its South African plant, according to people familiar with the matter, as India’s second-largest automaker looks to capitalize on rising demand for affordable vehicles.
Crude prices are mixed after President Donald Trump said the war in Iran is ‘very close to being over’
India’s trade deficit narrowed in March as supply disruptions in the war-hit Middle East weighed on shipments.
India’s trade deficit narrowed in March as shipments to and from the Middle East were disrupted by the Iran war, which has severely damaged energy assets and choked supplies through a vital shipping route.
"Russia can certainly fill the resource gap that has arisen in China," Russian foreign minister Sergei Lavrov said Wednesday.
Five Congress members endorsed by a major AI PAC are under new pressure from a coalition of advocacy groups and nonprofits to denounce AI companies.
Wall Street has gotten repeatedly burned calling a bottom in software stocks, which have been hit hard by fears that artificial intelligence will make the companies obsolete. But this week’s bounce is bringing some bottom-fishing investors back to the group on hopes that the worst may finally be over.
Around 4 million barrels of Iranian oil have arrived in India, marking the first such imports in seven years as the South Asian nation races to secure volumes before a grace period granted by Washington expires at the weekend.
ASML’s largest customers are TSMC and Samsung Electronics and both report they are struggling to keep pace with relentless demand for advanced semiconductor chips.
