Oil prices increased slightly after experiencing their largest drop in over a year. This rise comes as China plans a briefing on fiscal policy this Saturday. Meanwhile, the market keeps an eye on ongoing developments in the Middle East.
Chinese stocks lagged behind other Asian markets on Wednesday as investors reacted to disappointing economic data and Beijing's hesitance to announce more stimulus measures.
Generac Holdings Inc. is facing a shortage of portable backup generators after Hurricane Helene and several recent storms left millions of Americans without power. The demand for generators has surged as people scramble to secure reliable electricity sources amid ongoing outages. Generac is working to increase production, but customers may experience delays in receiving their orders.
South Korea will join FTSE Russell’s major global bond index next year, marking a significant upgrade to its financial market infrastructure. This move aims to attract billions of dollars in foreign investment, enhancing the nation's economic landscape.
Meta is gearing up to introduce new AI video features for advertisers starting next year. Rachel Tipograph, CEO of MikMak, joined Caroline Hyde and Ed Ludlow on "Bloomberg Technology" to discuss the potential impact of these tools on the online advertising landscape.
Dennis DeBusschere, president and chief market strategist at 22V Research, stated on Bloomberg The Close that the upcoming US presidential election is likely to serve as a "positive clearing event" for the markets.
Europastry SA, a Spanish bakery firm, has put its initial public offering on hold. The company cited concerns over the current international geopolitical situation and its effects on market conditions as the reason for this decision.
Top Latin American steelmaker Ternium SA is moving forward with its growth plans. CEO Maximo Vedoya believes that governments in the region are now aware of the unfair competition posed by China.
Lisa McDermott, managing director of project and infrastructure finance at ABN AMRO Bank NV, stated that it’s not yet viable to finance a European wind farm that chooses to use potentially cheaper Chinese wind turbines.
European Central Bank Governing Council member Joachim Nagel has warned that Europe’s economy could experience significantly lower growth and higher inflation if Donald Trump wins re-election as U.S. president.
