What every headline means for your market
Market headlines straight from their sources, sorted by market, each with the live state of the instruments it affects.
US Heading for a Slowdown, Not a Recession, Says Crossmark’s Fernandez
Victoria Fernandez, chief market strategist at Crossmark Global Investments, explains the factors she sees pointing to a slowdown in the US economy and markets. She speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
‘My husband suffered a massive stroke at 53’: I’m 64 and will rent…
“Ill-timed circumstances can change our financial future in unexpected ways.”
The AI boom is getting all the attention. We’re about to find out how the rest of…
Earnings season shifts into higher gear, with fresh clues about consumer spending and the health of corporate America beyond the tech sector.
Blood clots are ‘incredibly common,’ even for pro athletes like Jalen…
Research has found that it can take more than six months for professional athletes to return to play after being treated for a deep-vein thrombosis or pulmonary embolism.
A Giant Debt Quandary Now Looms Within the US Political Horizon
The incoming cohort of US senators will face crucial questions about Social Security’s finances on their watch.
ECB’s Rehn Says French Spread to Germany Has Widened ‘Somewhat’
French bond spreads relative to German bunds have widened “somewhat” as a result of both global and country-specific factors, European Central Bank Governing Council member Olli Rehn said.
Colombia Passes 16% Budget Increase After IMF Fiscal Warning
Colombian lawmakers early Tuesday approved a 16% budget increase, adding to investor concerns over the nation’s growing debt burden.
Bank of England Considers Stress Testing AI’s Effect on the Financial Sector
While the Bank of England is busy stress testing the UK’s private markets, another threat is looming in the minds of regulators.
‘I’m naturally skeptical’: I receive 10 calls a day offering me…
“They insist that the details will be provided after they have carried out a soft credit check.”
China Issues Blunt Warning on Global Turbulence at APEC Meeting
China’s finance minister opened a key gathering of APEC officials in Hong Kong by delivering a warning about economic uncertainty overseas, calling for a joint effort to prevent spillovers from policy shifts.
UK Jobs Data, Wage Growth Strengthens Case for Bank of England Rate Hikes
Plus, the Chancellor rules out increasing capital gains tax in the budget
UK Payrolls Rebound and Unemployment Drops Ahead of Budget
UK joblessness fell and employers added jobs, according to official figures that give an unexpected boost to Chancellor of the Exchequer John Healey ahead of his crucial budget next week.
BofA, BNP See South Africa Rating Upgrade After Budget
South African Finance Minister Enoch Godongwana is expected to signal the country’s commitment to fiscal discipline on Wednesday, with its debt-to-GDP ratio set to decline for the first time in more than two decades — potentially paving the way for a credit-rating upgrade as soon as next month.
Polish Policymaker Flags Zloty Weakness Among Rate Hike Triggers
Further weakening of the zloty is among the factors that could tip Polish policymakers to raise interest rates, a Monetary Policy Council member said.
Hungary Set to Hold Rates After Magyar Unveils Budget Plan
Hungary’s central bank is set to keep interest rates unchanged for a second month after Prime Minister Peter Magyar unveiled his budget plan for next year.
CF40 Institute’s Guo on China’s Economy
Guo Kai, former PBOC official and president of the CF40 Institute, says China’s policy stimulus is sufficient to achieve this year’s growth target. He speaks with Stephen Engle on the sidelines of the Bund Summit in Shanghai. (Source: Bloomberg)
Japan’s Katayama Vows Fiscal Prudence on Defense Funding
Japan will take fiscal sustainability into account as it considers how to fund increased defense spending, the nation’s finance minister said, after local media reported that the government was weighing an additional corporate tax hike to finance the measure.
When should you dump your target-date funds?
Target-date funds aren’t necessarily built to handle many of the decisions retirees face.
Credit markets have entered uncharted territory as the riskiest junk bonds send a warning…
Credit markets are sending unusually mixed messages to investors right now, and it’s making some people nervous.
Korea Plans New Samsung, SK Hynix Chip Hub in Gwangju, Risking Trump's Ire
A new semiconductor hub may help spread AI wealth to the country’s southwest, but could also become another point of friction in Seoul’s relationship with Washington.
My sister moved in with our widowed mother, 78, and says she deserves the family home. Is…
“The house is worth $925,000 and mom owns it outright. She also has $480,000 in investments.”
BOC Surveys Show Higher Inflation Expectations, Passthrough
Bank of Canada surveys showed inflation expectations moving higher, and more evidence that firms plan to pass on higher input costs to customers.
Colleges raced to build massive computer-science departments. Now the boom is turning to…
“Computer science isn’t the ticket to the American dream like people thought it was.”
My wife says we can’t afford to retire, yet she wants to take an $8,000 trip to…
“I worry about healthcare, long-term care, inflation, a long bear market and living to 95.”