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Sugar Prices Pressured by Weakness in Crude Oil

2 days 21 hours ago
March NY world sugar #11 (SBH27 ) is up +0.13 (+0.71%) today, and December London ICE white sugar #5 (SWZ26 ) is down -1.20 (-0.24%). Sugar prices recovered from early losses today and are trading mixed. Today’s -7% plunge in WTI crude oil (CLZ26 ) to a 4-week low is...

Stocks Surge as Democrats Sweep Congress

2 days 21 hours ago
The S&P 500 Index ($SPX ) (SPY ) is up +1.56% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +2.28%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.41%. December E-mini S&P futures (ESZ26 ) are up +1.73%, and December E-mini Nasdaq futures...

Tech Mostly Higher After Democrats Win Control of Congress

2 days 21 hours ago
Bloomberg’s Carol Massar takes a look at what a blue wave means for the tech sector after Democrats won control of the US House and Senate in the midterm elections. Plus, AMD's forecast exceeds estimates as chip demand soars, showing the semiconductor supercycle still has legs. And the AI capital raise continues, as Meta kicks off a six-part debut euro bond offering, adding to a record wave of corporate bond deals in Europe. (Source: Bloomberg)

Uber Delivery Accelerates as Rides Growth Slows

2 days 21 hours ago
Uber’s delivery business saw strong acceleration in the third quarter, giving investors a reason to look past slower growth in its signature ride-hailing business. Ygal Arounian, managing director at Wedbush, discusses why the slowdown in the rides business wasn't too concerning and how Uber can continue to compete in grocery delivery even after a tie-up between rivals DoorDash and Instacart. He speaks with Carol Massar on "Bloomberg Tech." (Source: Bloomberg)