Bloomberg Daybreak

The US trade deficit widened sharply in August to the largest since early 2025 as a surge in inbound shipments of capital goods helped push imports to a record.

High inflation alone isn’t bad for US Treasuries — instead, it’s a rapid increase in the pace of price growth that does the most damage, according to a study by Man Group.

Hedge fund Blue Duck Capital Partners wants Snap Inc. to raise capital by selling a stake in its nascent Specs unit, putting additional investor pressure on the social media app to deliver on its big investment in augmented reality glasses.

Canadian exports to the US rose sharply in August as importers appeared to rush to get ahead of new tariffs imposed by the Trump administration toward the end of the month.

Pacific Investment Management Co. says bond yields at multi-decade highs offer attractive income for investors, who should spread their allocations across developed and emerging markets to help protect against fiscal risks.

Morgan Stanley's FX and Emerging Markets Strategy Head James Lord said the euro could fall further toward $1.10 as risks mount. He joins Bloomberg's Anna Edwards, Tom Mackenzie, and Guy Johnson on "The Opening Trade" discussing France, Europe as a whole, and the election in Brazil. (Source: Bloomberg)

The S&P 500 closed at a record for the first time since August, buoyed by resilient corporate profits and the outlook for artificial intelligence-related spending.

The higher the wall of worry, the faster US stocks have climbed it, clocking its first record since August on Tuesday. But to Jim Paulsen, the cumulative pressure from $100 oil prices, 5% Treasury yields and an elevated dollar is yet to be felt in a major way.

A case involving Suncor and Exxon is testing whether states can sue energy companies for damages from global warming.

Riverside Natural Foods, the Canadian owner of MadeGood granola bars and bites, has achieved unicorn status through a recent deal.

The S&P 500 is poised to move closer to its first record high since August as bonds rally and lower oil prices help ease worries over inflation. OpenAI is said to be in talks with BlackRock and multiple investment funds from the UAE to help anchor a $30 billion financing round. Henrietta Pacquement of Allspring Global Investment discusses factors driving bonds higher. (Source: Bloomberg)

Sub-Saharan Africa’s economic growth will accelerate slightly this year despite headwinds from the Iran war, the World Bank said.

Emerging-market assets extended gains on Tuesday as a combination of lower US bond yields, a weaker dollar and steady oil prices provided some relief to global markets.

Billionaire Kelcy Warren’s Energy Transfer LP agreed to buy Vaquero Midstream LLC for about $2.63 billion in cash and stock, expanding its network to ship natural gas in the Permian Basin.

A weekly auction of government debt on Tuesday attracted the strongest demand in four months as yields among the highest in emerging markets enticed investors flush with cash from coupon payments.

Yemen’s internationally-recognized government, backed by Saudi Arabia, claimed to have regained territory from the Houthis, as fighting in the region near the Bab el-Mandeb strait intensifies. The Yemeni armed forces said they took control of the Red Sea city of Mokha on Monday after battles with the Iran-backed Houthis, according to Saba, a Yemeni news agency. Hundreds of French high schools are shut as teacher unions join a student-led protest movement demanding more money for education. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)

Oil inventories in western countries have been exhausted as a result of the Iran war, the boss of the world’s largest independent oil trader said, warning that fuel markets are likely to remain tight going into winter.

Emera Inc. agreed to acquire Canadian Utilities Ltd. for about C$14 billion ($10 billion) in stock, creating a sprawling, Canadian-headquartered power and natural gas provider with customers from Florida to Alberta.

Oil flows from the Middle East are at about 80% of pre-conflict volumes, the chief executive officer of Shell Plc said, offering one of the most authoritative assessments yet of how the region’s exports are rebounding.

"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: Isik Guven Toktamis, JPMorgan EMEA Head of Private Equity Investment Banking; Sergio Marullo di Condojanni, Angelini Industries & Angelini Pharma CEO; Sadek Wahba, I Squared Capital Chairman & Managing Partner; Amber Venz Box, LTK President & Co-founder (Source: Bloomberg)