BP stock is falling in premarket trading Tuesday after the British oil giant said it expects to book impairments of between $1.0 billion to $2.0 billion in the fourth quarter.
US benchmark equity indexes were tracking in the green before the opening bell Tuesday as traders aw
(Bloomberg) -- The UK paid the most in decades to sell 30-year inflation-linked debt after a punishing selloff that’s seen investors dump British stocks, bonds and the pound.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesThe interest rate of 2.126% the government must pay on top of inflation for the £1 billion ($1.2 billion) of bonds sold at auction on Tuesday was the highest in data going back to 2006. The last time the so-call
Thanks largely to a stabilisation of bond markets and an ebbing of the super-strong dollar, global stocks caught a rare new year bid on Tuesday with critical inflation and corporate earnings updates now in view. A slightly bizarre narrative developed behind Monday's bounce in stocks, with some citing a Bloomberg report claiming President-elect Donald Trump's team is studying gradual tariff hikes - using emergency legislation to boost import duties 2%-5% per month until they wreak concessions from trade partners. With December producer and consumer price reports due out today and Wednesday, respectively, 10-year benchmark Treasury yields have dialled back from 14-month highs above 4.8% hit on Monday and 30-year 'long bond' yields are balking at 5% for now.
Rates are making investors nervous. Specifically, the 10-year Treasury yield. Climbing to 4.8% on Monday and a stone's throw from 5%, the 10-year Treasury yield is at a level that makes investors cautious. But why? We dive deep into a classic financial question.
Electric vehicles, EVs, have scooped up plenty of hype in recent years – and controversy. Debates on the technology are still ongoing, with many questions remaining on EV adoption. Can EVs match the range and all-weather performance of gasoline-powered vehicles? Can EV pricing come down, to broaden the potential customer base? Can charging networks be expanded sufficiently to support a true EV transition? For the near-term, we don’t have complete answers to these questions. We do know that the w
Money market account interest rates today are well above historical norms. Find out where to get the best MMA rates.
(Bloomberg) -- Chancellor of the Exchequer Rachel Reeves will speak in Parliament for the first time on Tuesday since the UK was rocked by market turbulence, one of several potential flash-points for the Labour leadership this week.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesReeves’ appearance in the House of Commons is officially to give a statement about the recent trip to China, yet allows opposition parties to quiz her on
(Bloomberg) -- Options traders whipsawed by the stock market’s recent gyrations are getting anxious that more bouts of volatility may arrive in the coming days, starting with Wednesday’s report on consumer prices.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesSoaring bond yields and robust jobs data have put extra focus on the next consumer price index report. The S&P 500 Index is expected to move 1% in either direction on Jan.
Wall Street will navigate a series of data releases tied to inflation this week as bond markets continue their months-long selloff.