Investors looking to protect against a pullback with stocks at peaks are venturing beyond plain-vanilla options. The steady grind higher in the S&P 500 Index has pushed most gauges of implied and realized volatility to the lowest levels in months — in some cases years. The collapse in volatility after the April tariff shock has…
Elon Musk’s brain implant company Neuralink Corp. is collaborating with researchers in California and Spain on a clinical trial to study visual prosthetics. Neuralink’s participation in the trial was disclosed in late July on ClinicalTrials.gov, a government website listing medical studies. The study is sponsored by the University of California at Santa Barbara. Source link
Northern Vietnam is bracing for Tropical Cyclone Wipha, which may intensify to typhoon-strength before making landfall on Tuesday after tracking over the nation’s iconic Ha Long Bay. Wipha is currently near the port city of Beihai in China’s Guangxi province, and the US Navy’s Joint Typhoon Warning Center forecasts the storm will gradually strengthen as…
The yen was slightly stronger against the dollar as investors digested the impact of Japan’s ruling coalition losing its majority in the upper house election. Japanese stock futures inched lower. Japan’s currency, which had declined in the two weeks leading up to Sunday’s vote, held an small advance of 0.2% to trade at 148.52 versus…
Welcome to Weather Watch, our weekly newsletter on how the planet’s ever wilder weather patterns are impacting the global economy. Got feedback and forecasts? Write us at weatherteam@bloomberg.net. And sign up here if you’re not on the list already. When there’s volatile weather, revenues of energy and agricultural companies can be put at risk. And…
China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already dealing with ebbing demand for gasoline and diesel. In the post-pandemic period, as flights returned to the skies, jet fuel was a boon for domestic refiners struggling with a sputtering economic recovery,…