Corn tumbled as much as 4.8% after the US Department of Agriculture raised its outlook for yield and production of the top American crop, when most analysts expected a cut.
French private school operator Omnes Education is looking to refinance around €700 million ($785 million) of debt, according to a person familiar with the matter, an effort that will play out against the backdrop of the most serious student unrest in the country in years.
Asset-backed commercial paper, blamed for amplifying the 2008 financial crisis, is making a comeback as banks turn to the short-term funding market to do more business with less strain on their balance sheet.
China is poised to increase oil imports through early January, with ship-tracking data showing the largest fleet of supertankers heading to the country since the start of the Iran war.
Nobel Prize-winning economist Paul Krugman warned that France’s deteriorating public finances are on an “unsustainble path” and at risk of unleashing a debt crisis across the euro area.
When hurricanes sweep through the Gulf of Mexico, oil companies can lose millions of dollars waiting for the all-clear to restart production. Shell Plc thinks a fleet of drones can help cut that wait.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than "Bloomberg Surveillance." (Source: Bloomberg)
Lender CoBank ACB filed a lawsuit Friday seeking to block Cable One Inc. from acquiring a 55% equity stake in Mega Broadband Investments from private equity firm GTCR.
Irene García Pérez, Reshmi Basu and Chris Dolmetsch
Brooklyn Sports & Entertainment CEO Sam Zussman joins Bloomberg to discuss the New York Liberty’s playoff push, how youth basketball and community clinics power the franchise’s growth, and why live WNBA action and concerts at Barclays Center are drawing record crowds in an age of AI and tight consumer budgets. (Source: Bloomberg)
A series of leveraged loans recently sold by software companies are climbing as investor fears about the industry ease and lenders that couldn’t originally buy the debt snatch it up.
Fort Lauderdale is no longer just a sleepy retirement town. New York developers and wealthy buyers from across the US are pouring into this booming waterfront city, drawn by luxury condos, better taxes, and a younger, vibrant lifestyle. Miki Naftali, the Chairman and CEO of Naftali Group joined Bloomberg Open Interest to talk about the South Florida luxury real estate boom. (Source: Bloomberg)
Bárbara Hernández convirtió el frío extremo en su especialidad. Sus récords ahora inspiran a una creciente comunidad de nadadores que desafía las aguas heladas en el sur de Chile. (Source: Bloomberg)
Wall Street traders betting on a another solid earnings season sent stocks higher, with the market also gaining as oil prices eased.
Aoifinn Devitt, Managing Director: Global Wealth at Moneta Group, discusses the markets, global inflation and economic growth in the US and abroad. (Source: Bloomberg)
Precious metals traders at the world’s top banks made record profits in the first half of this year, putting them on track for their best-ever annual result as surging investor interest and sharp price swings generate huge opportunities for dealers.
Saudi Aramco has told European oil refiners it will provide them with all the crude they asked for in November after the kingdom’s key cross-country pipeline resumed operation following attacks, offering relief to customers who’ve been forced to find alternative supplies.
As Brazilian markets opened for business on Monday, Pradeep Kumar watched a move unfold on his screen that was unlike anything he’d encountered in his two decades trading the country’s assets.
On this episode of Stock Movers:
- Delta (DAL) shares are sliding after the company reduced its full-year earnings outlook due to high jet fuel prices stemming from the war in the Middle East.
- Humana (HUM) is surging as the company improved its performance on crucial Medicare Advantage quality ratings that will boost future revenue. Shares of CVS meanwhile fell as ratings for some of its largest plans deteriorated, while UnitedHealth shares were little changed in premarket trading.
- Apple (AAPL) shares are slipping after a report that the company cut component orders for the iPhone 18 Pro and iPhone 18 Pro Max following weaker-than-expected demand. (Source: Bloomberg)
Bonds issued by Verizon Communications Inc. and AT&T Inc. weakened on Friday, following SpaceX’s announcement that it will buy US spectrum that will help the company become a “major mobile carrier” in the US.
In 48 hours, Firmus Grid Ltd. went from a rising star of the artificial intelligence data center boom to one of the biggest deal flops in recent memory.