Financial influencers on platforms like TikTok, YouTube, and Reddit are promoting a new speculative approach to the stock market, claiming potential payouts exceeding 100%. Bloomberg's Denitsa Tsekova discusses this trend with Katie Greifeld on "Bloomberg Markets."
US consumer borrowing rose in August, but at a slower rate compared to July. This slowdown was mainly due to the largest decline in credit card balances since March 2021.
Shore Capital Partners, a Chicago-based private equity firm led by Justin Ishbia, has successfully closed on $1.9 billion for three new funds. Two of these funds will focus on expanding beyond the firm's traditional small-business investment strategy.
Venezuela’s state oil company has not paid bondholders anything in five years. Despite this, some investors holding a specific security are now anticipating a huge payout.
Amazon.com Inc. shares dropped on Monday after an analyst downgraded the stock, raising concerns about margin trends for next year. The analyst suggested that growth in Amazon's cloud computing business may not be enough to offset these challenges.
Orange juice futures are on the rise as Hurricane Milton heads towards Florida. The approaching storm has led to evacuations and has orange growers on high alert, raising concerns about potential damage to the citrus crop. Traders are closely monitoring the situation as the hurricane could impact supply and prices.
Emerging-market currencies fell for the fifth straight session on Monday. Traders are reducing their expectations for a significant interest-rate cut from the Federal Reserve, thanks to ongoing signs of a strong US economy.
Chinese stocks are on a record rally, attracting massive inflows into exchange-traded funds. Investors are pouring billions into five major funds, fueled by optimism surrounding Beijing's stimulus measures.
El Salvador's bonds have surged following the government's announcement to cut borrowing costs by swapping debt. The plan also focuses on promoting sustainability, bringing optimism to investors and improving the nation's financial outlook.
Polish billionaire Zygmunt Solorz has removed his two sons from leadership positions in his utility company, intensifying a family feud over control of his conglomerate. This move is causing a decline in valuations and raising concerns for a major minority investor.
