A Boeing Co. 787 aircraft operated by Vietnam Airlines JSC had its brakes activated twice while barreling down the runway at Munich Airport last month, leading to a perilously late takeoff and the plane’s tail striking the ground, a report found.
Bennett Schachter, a longtime banker who later joined the hedge fund Elliott Investment Management, has been hired by investment bank Centerview Partners to lead its capital advisory practice.
On this episode of the Odd Lots podcast recorded live at the Vermont Hollywood theater, real estate developer Zach Lasry joins Joe Weisenthal and Tracy Alloway to talk about homebuilding in LA and the Kafkaesque process of getting a crosswalk built in the city. (Source: Bloomberg)
For years, an overwhelming share of trading in US stocks happened on the big exchanges during daytime market hours. Powerhouses like the New York Stock Exchange and Nasdaq Inc. offered after-hours trading sessions, but activity was generally light.
The trading desk at JPMorgan Chase & Co. flipped its view on US equities to bullish from tactically neutral, saying economic data and earnings will underpin a persistent market boom.
CarMax Inc. stock has revved higher since May as the struggling car seller attempts to revive it’s business, however, mounting economic woes and stuttering consumer sentiment could threaten its recovery.
Tata Trusts, the majority shareholder of Tata Sons Pvt., proposed that the holding company of India’s biggest conglomerate merge with two of its unlisted units to stave off a listing order.
For years, US stocks have faced relatively weak competition from bonds or Treasuries in investor portfolios. That period looks like it’s headed for a fast, and possibly painful, end, strategists at Wells Fargo say.
The sale of Portuguese water utility Indaqua has been delayed after potential bidders requested additional information before submitting their binding offers, according to people familiar with the matter.
PureGym is seeking to raise £1.4 billion ($1.9 billion) from the high-yield bond market to refinance outstanding debt that may cut the gym operator’s borrowing costs.
Two state-run Indian companies have withdrawn plans to raise $688 million through rupee bonds as an expected interest-rate increase and the central bank’s move to drain surplus cash drive borrowing costs higher.
Turkish comedian Deniz Goktas was released from prison on Monday after spending nearly three months in pretrial detention over remarks in a stand-up show that went viral on YouTube.
US equity futures and Treasuries fall as uncertainties around the conflict between the US and Iran push oil higher and lifts concerns around inflation. Tehran says it's sticking to its proposal to reopen the Strait of Hormuz that President Trump has rejected. The US and China release a detailed plan to cut tariffs on about $30 billion of imports from each nation. Nvidia introduces a new double-layered AI security system that will keep agents from going awry. Aneeka Gupta of Wisdomtree joins "Bloomberg Brief" to discuss the market pricing in long-term uncertainty. (Source: Bloomberg)
Aneeka Gupta, WisdomTree Director of Macroeconomic Research, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss expectations for higher and prolonged uncertainty reflected in the bond market. (Source: Bloomberg)
Saudi Arabia has restored about half the flows through its cross-country oil pipeline bypassing the Strait of Hormuz, after drone strikes halted the key export route earlier this month.
Anthony Di Paola, Fiona MacDonald and Salma El Wardany
Stocks declined on Monday as a stalemate between the US and Iran sparked concerns that inflation would persist because of higher energy prices, forcing the Federal Reserve to raise interest rates more aggressively.
Citigroup Inc. is advising investors to buy 30-year Chinese government bonds as it expects lingering weakness in the economy and tapering supply of longer-term debt to boost demand for the paper.
Of all the factors buffeting Chile’s bond market at the moment, it’s the Federal Reserve and the outlook for further rate hikes in the world’s largest economy that are capturing the most attention.