Thursday, October 16

Market News

  • Zions, Western Alliance Disclose Bad Loans
    on October 16, 2025 at 5:20 pm

    Two regional US banks, Zions Bancorp and Western Alliance Bancorp, disclosed problems with loans involving allegations of fraud. Zions Bancorp disclosed a $50 million charge-off for a loan underwritten by its wholly-owned subsidiary, California Bank & Trust, while Western Alliance said it’s dealing with a borrower that failed “to provide collateral loans in first position.” Sally Bakewell reports on Bloomberg Television.

  • Continental Outperforms in Third Quarter on Sales Mix, Cost Cuts
    by Monica Raymunt on October 16, 2025 at 5:05 pm

    Continental AG said it outperformed analyst expectations in the third quarter after the German tire maker cut costs and sold more of its pricier products.

  • JB Hunt Soars on Profit Beat as Cost Controls Gain Traction
    on October 16, 2025 at 4:54 pm

    JB Hunt Transport Services Inc. shares rose in late trading after the freight transportation company reported a quarterly profit that topped expectations. Third-quarter earnings of $1.76 a share topped the $1.46 average of analyst estimates compiled by Bloomberg. The results got a boost from a 12% increase in operating income at its intermodal unit, helped by cost-saving initiatives such as moving fewer empty containers, the company said. Bloomberg's Lee Klaskow reports. (Source: Bloomberg)

  • Treasury Hedges on 10-Year Yield Below 4% Can Spark Deeper Rally
    by Edward Bolingbroke on October 16, 2025 at 4:47 pm

    Demand for options in the US Treasuries market is building up by traders seeking protection against a sharp drop in 10-year bond yields further below 4%, a move that could unleash a broader rally across the bond market.

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