Gargi Chaudhuri, chief investment and portfolio strategist for the Americas at BlackRock, believes there’s potential for earnings growth in the health care and utilities sectors. However, speaking on "Bloomberg The Close," she noted that small-cap stocks may struggle to outperform in the current market environment.
Italy's government aims to raise €4 billion, about $4.4 billion, from companies. This will be achieved by adjusting tax thresholds and removing specific tax deductions, as sources familiar with the budget plans report.
Meb Faber, co-founder of Cambria Investment Management, spoke with Katie Greifeld and Eric Balchunas on "ETF IQ" about the upcoming launch of the Cambria tax-aware ETF, expected in December. This ETF will seed funds using investors' assets, aiming to provide a tax-efficient investment option for clients.
China exchange-traded funds, or ETFs, are seeing a surge in investments, drawing billions from both domestic and foreign investors. This trend underscores growing confidence in China's market and economic prospects, as more investors seek to capitalize on potential growth opportunities in the region. Bloomberg's Carolina Wilson highlights this shift, signaling an increased interest in Chinese assets amidst a challenging global economic environment.
India's inflation rose faster than anticipated in September, reinforcing the central bank's cautious stance. This surge comes amid increasing demands for interest rate cuts. As prices climb, the Reserve Bank of India is likely to consider its options carefully, balancing growth and price stability.
Emerging-market currencies dipped on Monday as disappointing Chinese stimulus measures strengthened the US dollar. Trading volume was thin due to a bond market holiday.
Elliott Investment Management has announced a special shareholder meeting at Southwest Airlines, marking its first US proxy fight since 2017. The firm seeks changes in the airline's strategy and leadership, aiming to improve performance amid ongoing industry challenges. Shareholders are expected to closely analyze Elliott's proposals as the meeting approaches.
Cycle Pharmaceuticals Ltd. remains keen on acquiring Vanda Pharmaceuticals Inc., despite Vanda's recent setback with a drug that did not get regulatory approval. This interest indicates Cycle's confidence in Vanda's potential and other assets, as they move forward in negotiations.
Demand for electric vehicles is rebounding, as prices for plug-in models are decreasing. This update comes from Stellantis NV and Renault SA, highlighting a positive shift in the market for electric cars.
With less than a month to go until polling day, uncertainty looms over the US presidential election, prompting finance executives to strengthen their foreign-exchange hedges. The tight race is raising concerns that the outcome could shake currency markets, leading companies to take preemptive measures to protect their finances.
