The cost of insuring French banks’ bonds against default has jumped above that of other European lenders as concerns about France’s fiscal and political situation spill over into credit markets.
At a time when subscriber growth is slowing for streaming giants like Netflix, ad-supported online video services like Tubi are seizing the opportunity, offering viewers abundant content without the cost of a subscription.
Tubi’s Chief Content Officer Adam Lewinson joins Max Chafkin and Stacey Vanek Smith on the Everybody's Business podcast to discuss the company's strategy, including cultivating niche genres like horror and offering free, edgy merchandise to capture the Gen Z audience. (Source: Bloomberg)
Oil fluctuated in jittery trading, as Saudi Arabia cut prices of its benchmark grade to Asia, the kingdom’s state producer warned about the risk of low stockpiles and as fighting in Yemen intensified.
Martijn Rats, Global Commodities Strategist at Morgan Stanley, discusses upside oil risks amid broader Middle East fighting. (Source: Bloomberg)
A drop in oil prices brought some relief to Wall Street, tempering concerns over Europe’s public finances that sent the euro to its weakest level since May 2025.
Jack Manley, Global Market Strategist at JPMorgan Asset Management, discusses Euro contagion risk, the Fed, and outlook for US equities and bonds. (Source: Bloomberg)
On this episode of Stock Movers:
- PTC (PTC) shares are rallying as Schneider Electric agreed to buy PTC for about $22.6 billion in an all-cash deal to tap into the artificial-intelligence boom.
- Qualcomm (QCOM) shares are higher as the company agreed to license patents underpinning Huawei Technologies Co.’s novel LogicFolding chipmaking technique.
- Taiwan Semiconductor (TSM) shares are gaining with sentiment boosted by discussions between the Taiwanese chip giant and Elon Musk’s Terafab on potential collaboration (Source: Bloomberg)
Iraq is set to hire additional tankers, with at least two arriving over the next few days as the country looks for greater control over moving its oil through the heavily contested Strait of Hormuz.
Balyasny Asset Management promoted Ilan Weiss to be global co-head of equities, advancing one of its star stock managers to help lead the hedge fund firm’s biggest strategy.
Larger asset managers including Goldman Sachs Group Inc. have been looking to snap up CLO management businesses as they hunt for lucrative fee streams in the $1 trillion US market.
Uganda’s shilling weakened to its lowest level on record against the dollar as demand for the greenback from offshore investors and importers put renewed pressure on the local currency.
Chevron Corp. named New Energies president Jeff Gustavson as chief financial officer, part of a major leadership reshuffle aimed at bolstering the executive ranks ahead of a potential CEO succession.
BMO Global Asset Management’s Earl Davis said he sees the 30-year US Treasury yield crossing 6% as “inevitable” — and likely within October — as bond-market volatility creates a cycle driving rates higher.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern
South Africans will pay a record price for gasoline as the latest oil shocks caused by the Iran war catch up with the monthly adjustments made by the government at the pump.
Earl Davis, BMO Global Asset Management fixed income and money markets head, says it's inevitable that 30-year treasury bond yields will cross 6%. He says it could happen this month and explains the call on "Bloomberg Surveillance." (Source: Bloomberg)
Bankers are pushing back against the Saudi regulator’s proposed overhaul of listing rules, including plans that would force underwriters to buy any unsold shares, and warned that the moves could further dampen the market for initial public offerings.
Russia’s government last month paid oil companies the biggest subsidy in more than four years to supply road fuels to the domestic market amid Ukrainian drone strikes on refineries.
Strategy Inc. returned to profitability for the first time in four quarters after registering an unrealized gain from an increase in the value of its Bitcoin holdings during the late summer’s rally in the cryptocurrency.
Air Baltic Corp AS expects its restructuring plan to affect between 500 and 700 jobs across the carrier’s three biggest bases as the Latvian airline streamlines the business while undergoing Chapter 11 bankruptcy protection.
The London Bullion Market Association has raised membership fees and offered the option to pay the dues two years in advance as it seeks to strengthen its finances amid a costly legal challenge.
The dollar neared its strongest levels this year as fiscal strains and renewed political uncertainty in Europe boosted its haven appeal, even as its run of gains stoked concerns the rally is becoming overstretched.
