A return to the archives sheds light on the work of German spies in South Africa during this tumultuous period in history.
(Bloomberg) -- U.S. inflation is back in the news after being dormant for years, potentially affecting how Americans think about price pressures after not thinking about them much at all.The Federal Reserve says expectations that inflation will stay near its 2% target will help to ensure the current surge in consumer prices, which jumped 5% in May, will be temporary. Chair Jerome Powell can expect questions on this at his post-meeting press conference Wednesday.To explore that assumption and fin
Betting markets now predict a greater-than-50% chance of Bitcoin falling below $10,000 in 2021.
(Bloomberg) -- South Africa agreed to sell a majority stake in the country’s grounded national carrier to a local jet-leasing company and private-equity firm, ridding the government of an entity that has long been a drain on state finances.A consortium comprised of Johannesburg-based Global Airways, which owns recently launched domestic airline Lift, and private-equity firm Harith General Partners will take a 51% shareholding in South African Airways, Public Enterprises Minister Pravin Gordhan s
(Bloomberg) -- It’s looking more and more like corporate-finance textbooks need a chapter on memes.Being on the brink of bankruptcy no longer seems to matter much in the U.S. stock market. While that might sound like the beginning of a cautionary tale about the state of investing in 2021, the reality is far stranger. Redditors have bid up shares of AMC Entertainment Holdings Inc. and GameStop Corp. so much that it’s saved them -- for now, at least -- from deep trouble.They’re not the only troubl
Sentiment may have turned a little too bearish, a feature that is often observed at market bottoms.
The long-term bullish bet is akin to buying a lottery ticket.
In regards to the inflation risk and subsequent Treasury yield rates, DataTrek Research Co-founder Nicholas Colas stated that he has “never seen a stronger consensus” surrounding any macroeconomic issue in his career.
(Bloomberg) -- Wall Street banks must speed up their efforts to stop using Libor, regulators said Friday, issuing one of their sternest warnings yet about abandoning the scandal-plagued benchmark.From Treasury Secretary Janet Yellen to Federal Reserve Chairman Jerome Powell, watchdogs made clear during a meeting of the Financial Stability Oversight Council that time is running out. The admonishment -- coming from the heads of all of the U.S.’s most powerful financial agencies -- marked a remarka
NEW YORK (Reuters) – Wall Street stocks were mixed at the close of a languid week marked with few market-moving catalysts and lingering concerns over whether longer-term inflation could prompt the U.S. Federal Reserve to tighten its dovish policy sooner than expected.
It's another sign of bitcoin's bearish trend.
The big takeaway from the past week in business news is that A) secretly released documents show that billionaires aren’t paying their fair share in taxes. And meanwhile, B) hotels and restaurants and other businesses can’t find enough people to work
Mortgage applications decline as refinance demand tumbles.
Jun.11 -- India Ministry of Petroleum and Natural Gas Secretary Tarun Kapoor discusses India’s plans to cut its dependence on oil imports and how they plan to do it. He speaks exclusively during the India Focus segment on “Bloomberg Markets: Asia.”
Interest rates are at historic lows but about 14.1 million borrowers are not looking to refinance. Here are tips and strategies to save you money.
U.S. stocks closed modestly higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected. The Nasdaq gained the most among the three major indexes, while the bellwether S&P 500 squeaked its way to a second straight record closing high.
(Bloomberg) -- If the meme-stock mayhem were a movie -- and by all accounts it will be -- we’re now at the scene where the protagonists, after pulling off their first big mission, fight about what to do next.Emboldened by their initial success, the more daring would be anxious to ride again while the weather-worn veterans advise caution and, somewhere in between, a few characters can’t decide which side they’re on.That scene is playing out now on the 10 million-member WallStreetBets forum, where
U.S. stocks are seen opening marginally higher Friday, remaining near record levels, with investors seemingly unconcerned about soaring inflation ahead of next week’s Federal Reserve meeting. At 7:05 AM ET (1205 GMT), the Dow Futures contract was up 95 points, or 0.3%, S&P 500 Futures traded 8 points, or 0.2%, higher, and Nasdaq 100 Futures climbed 30 points, or 0.2%. The three major indices closed higher Thursday, with the broad-based S&P 500 ending 0.5% higher, hitting a new record during regular trading, the blue-chip Dow Jones Industrial Average gained 0.1% and the tech-heavy Nasdaq Composite closed 0.8% higher.
(Bloomberg) -- Tiger Global Management’s hedge fund struggled in May, losing 6.3% and leaving it in the red for year.The flagship, equity-focused fund declined 0.8% for the first five months of 2021, according to a person with knowledge of the matter. The average stock-picking hedge fund has gained 6.8% in the same period after rising 0.4% in May, according to Hedge Fund Research’s Equity Hedge Total Asset Weighted Index. The S&P 500 returned 13% through May, including reinvested dividends.The p
(Bloomberg) -- Just eight months after celebrating a narrow escape from financial disaster, Chinese billionaire Hui Ka Yan finds himself back in crisis-fighting mode.Resurgent concerns about the health of China Evergrande Group, Hui’s flagship property company, have pushed its stock to within a hair’s breadth of the lowest level since March 2020. Bondholders are rushing for the exit too, spooked by missed payments at the developer’s affiliates and a report that regulators are probing Evergrande’
(Bloomberg) -- For all the hubbub around meme stocks in recent weeks, it was on a day that the day-trader favorites plunged that the S&P 500 Index climbed to its first record close since early May.Tech shares climbed 0.8%, led by stalwarts Amazon.com Inc., propelling the benchmark for American equities to an all-time high of 4,239.18 GameStop Corp. plunged 27% and AMC Entertainment Holdings Inc. sank 13%, dragging a Goldman Sachs Group Inc. basket of meme stocks to a 6% loss on Thursday.For mont