Companies, markets and the economy
Brazilian authorities summoned Argentina’s top envoy in the country on Friday to explain President Javier Milei’s role in helping Flávio Bolsonaro flee Brazil following his election defeat.
New York projected the budget deficit will narrow by $3.5 billion next year as the state expects a boom in trading and borrowing to deliver record profits to Wall Street and stronger bonus payments to boost revenue.
Many Big Tech stocks were hit hard but the S&P 500 showed strength under the surface, with a majority of stocks showing gains for the month.
With inflation stubbornly above the Federal Reserve's 2% target, financial experts reveal grocery store strategies using digital coupons and meal planning.
After a $6.3 billion hack, the company said it was going to reimburse customers who had losses.
Intel’s PC business is under pressure as memory-chip prices dent demand and as corporate IT teams have less budget for laptops.
Reddit’s stock plunged on Friday after the community-discussion forum said its search referral traffic was down significantly in the third quarter.
Hedge funds this week amassed the largest-ever short position on US natural gas on expectations that an unusually warm winter will slash demand for the furnace and power-plant fuel.
Trump has suggested Canada’s proposed EU arrangement could be a “hostile act” and threatened tariffs on Europe if he considered it unfriendly.
The Nasdaq and the S&P 500 had their worst day since June as investors worried about spending on A.I. infrastructure.
Blockades over diesel costs halted mozzarella and pasta production in the south. Now farmers are joining a national strike.
The Justice Department filed notice Wednesday night that the plans were real.
Factors like inflation, interest rates, A.I. and the war with Iran are far more important, our columnist says.
The deep selloff in technology stocks delivered a painful reckoning to those who remained all-in on the AI trade as the companies at the center of it tumbled, one after another, and investors rushed back to the defensive stocks they had swept out of vogue.
Various factors indicate that Microsoft is in a better financial position than its cloud rivals, analysts say.
Intel is struggling to make enough AI server chips and dealing with a weak PC market. Investors will soon find out the degree to which AMD may be suffering from the same problems.
A drop of 4.2% for Nvidia, the chip company that became the poster child of the AI frenzy, was the heaviest force pulling the S&P 500 downward.
Technology stocks had been priced for perfection. They are now getting hammered.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Kristine Aquino, Jess Menton and Tim Stenovec. (Source: Bloomberg)
