(Bloomberg) — Pending sales of existing US homes stalled in September, suggesting anxiety about the job market kept potential buyers sidelined despite a welcome easing in mortgage rates. Most Read from Bloomberg An index of contract signings held at 74.8 after climbing a revised 4.2% a month earlier to the highest level since March, according…
On Wednesday and Thursday, five firms that account for about a quarter of the US benchmark — Microsoft Corp., Alphabet Inc., Meta Platforms Inc., Amazon.com and Apple Inc. — will report results. A gauge of the “Magnificent Seven” megacaps jumped 2.6%. On trade, Trump told reporters on Monday that “I really feel good” about a deal with…
(Bloomberg) — The stock market isn’t particularly volatile. Still, it’s fragile. A spike and quick reversal in volatility gauges on fairly benign S&P 500 Index moves over the past two weeks has renewed discussion about market fragility, with long periods of calm being broken up by sudden oversized swings. Most Read from Bloomberg The latest…
Apple Maps could feature integrated ads as soon as next year, Bloomberg‘s Mark Gurman reports. In his latest “Power On” newsletter, Gurman said that Apple’s plan to bring more ads to iOS is moving “gaining traction,” with the Maps app being next in line. The project will apparently give restaurants and other businesses the option…
(Bloomberg) — The Trump administration is launching a trade investigation that opens the door to new tariffs on Chinese goods, ratcheting up tensions ahead of a highly anticipated summit next week between the countries’ leaders. Most Read from Bloomberg US Trade Representative Jamieson Greer on Friday announced the opening of a probe into whether China…
S&P 500 signage displayed at the New York Stock Exchange (NYSE) in New York. (Bloomberg) — Over the past few years, few stocks in the US have been hotter than AppLovin Corp. The mobile advertising technology company’s shares have soared more than 5,500% since the end of 2022, making them the second best performer in…
Packages of Beyond Meat burgers and Beyond Beef. (Bloomberg) — The resurrection of Beyond Meat Inc.’s meme status not only lifted the producer of meatless burger patties from record lows, but also incited a frenzy of retail trading activity. Most Read from Bloomberg Do-it-yourself investors traded furiously in Beyond Meat, quantum computing stocks, crypto-linked firms…
China’s new five-year plan — an overarching policy proposal for the next term of Chinese Communist Party leadership — is focused on making the nation technologically self-reliant and less vulnerable to foreign pressure, Bloomberg reports. The plan has yet to be officially adopted, but is being released ahead of a summit between President Donald Trump…
(Bloomberg) — US sanctions on Russia’s energy giants are sending shockwaves deep into the heart of China’s oil industry, where both state and private refiners face heightened pressure to keep up supplies while steering clear of penalties. As much as 20% of China’s crude imports — about 2 million barrels a day in the first…
Bloomberg (Bloomberg) — A four-day rally that sent shares of the unprofitable vegetarian foodmaker Beyond Meat Inc. up more than 1,000%, only for a big chunk of the gains to vanish in a flash. A record-setting surge in gold prices, followed by the worst two-day selloff in years. Billions of dollars of inflows into risky…