Market News
- Zions, Western Alliance Disclose Bad Loanson 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 Cutsby 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 Tractionon 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 Rallyby 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.
- ECB Determined to Decide Next Steps Based on Data, Lane Says
The European Central Bank is determined to stick to its commitment to take policy decisions based […]
- Lagarde Says ECB Is Well Placed to Tackle Future Shocks
European Central Bank borrowing costs are at appropriate levels to deal with whatever turbulence […]
- China Blames US for Trade Tensions, Warns Against Decoupling
China’s Commerce Minister Wang Wentao on Thursday blamed the recent escalation in trade tensions […]
- JPMorgan’s $20 Billion EA Financing to Be Split Among Banks
The consortium buying Electronic Arts Inc. is set to add more than a dozen banks to its […]
- Chinese Copper Smelters Plan Exports After Surge in LME Prices
Copper’s surge is spurring Chinese smelters to step up shipments abroad, lured by near-record […]
- Oil Steadies as Traders Weigh India’s Buying of Russian Oil
Oil held steady near a five-month low amid mixed signals on US President Donald Trump’s push to […]
- Stock Rally Sputters as Two Regional Banks Get Hit: Markets Wrap
Wall Street’s AI-fueled rally quickly sputtered amid a plunge in a pair of regional banks, […]
- Gold Climbs to Record on Fed Rate-Cut Bets and US-China Tensions
Gold rose to a record, boosted by bets that the Federal Reserve will press on with monetary easing […]
political news
- Chilean Communist Jara Meets China Ambassador, Vows Strong Tiesby Valentina Fuentes on October 16, 2025 at 5:14 pm
Chilean presidential candidate Jeannette Jara met with China’s ambassador to Chile, vowing to deepen bilateral ties between the just as tensions sharpen between Washington and Beijing.
- Senate to Vote Soon on Russia Sanctions Bill Trump Had Resistedby Erik Wasson, Jamie Tarabay, Alberto Nardelli on October 16, 2025 at 4:32 pm
Senate Majority Leader John Thune is ready to bring to a vote legislation imposing sanctions on countries that trade with Russia, an aide to the Republican leader said.
- Food Stamp Funds to Dry Up If Shutdown Persists, USDA Warnsby Kristina Peterson, Rachel Cohrs Zhang on October 16, 2025 at 4:07 pm
The US Agriculture Department is warning states that funding for food stamps will run out next month if the partial government shutdown continues.
- Chicago Mayor Brings Back Corporate Tax Once Dubbed ‘Job Killer’by Shruti Singh on October 16, 2025 at 3:56 pm
Chicago Mayor Brandon Johnson wants to close nearly half of next year’s $1.19 billion deficit with new or higher taxes on large corporations, big tech companies and the rich.
- Tunisia Turns to Central Bank, Wealth Tax After Snubbing IMFby Souhail Karam, Tarek El-Tablawy on October 16, 2025 at 3:19 pm
Tunisia plans to tap the central bank for about $4 billion next year while levying a new wealth tax, as it seeks to tackle rising financing needs after spurning a potential International Monetary Fund bailout.
- Madagascar Army Officer Who Seized Power Says He’ll Become President
Military leader Michael Randrianirina will be sworn in as Madagascar’s next president on Friday, […]
- China Hackers Spied on UK for Over a Decade, Officials Say
Chinese hackers accessed classified UK computer systems for more than a decade, people familiar […]
- NYC’s Mamdani Declines to Say Whether Hamas Should Disarm
Zohran Mamdani, the frontrunner for mayor of New York City, declined to say whether Hamas should […]
- US Weighs Ban on Richard Li’s HKT as China Tensions Rise
The US took steps to block one of Hong Kong’s largest phone companies from accessing domestic […]
- Takaichi’s Hopes of Becoming Japan’s PM Hinge on Coalition Talks
Japanese ruling party leader Sanae Takaichi’s chances of becoming prime minister strengthened […]
Wealth
- ‘TACO’ Trade Powers Gains for Retail Investors. But Can It Last?by Charlie Wells on October 16, 2025 at 5:00 pm
This week, retail investors got another taste of the “TACO trade.”
- US Mortgage Rates Decline for a Second Week, Dropping to 6.27%by Prashant Gopal on October 16, 2025 at 4:00 pm
Mortgage rates in the US fell for a second straight week.
- Miami Office of Citadel, Microsoft Gets $25,000 Members Clubby Anna J Kaiser on October 16, 2025 at 1:14 pm
Miami’s most exclusive office tower — where tenants like Citadel and Thoma Bravo have planted their flags — is topping off the top two floors with a members club and restaurant from a Michelin-starred group.
- What Gilt Vigilantes Really Want From the UKby John Stepek on October 16, 2025 at 1:09 pm
Britain needs to convince investors that we can get a grip.
- New Manhattan Condos Are in Short Supply on the Upper West Sideby Paulina Cachero on October 16, 2025 at 1:00 pm
The pipeline is running dry in one of the city’s hottest neighborhoods, just as demand for fresh construction surges.
Tech & Innovation
- EA’s ‘Battlefield 6’ Game Sells Record Seven Million Copiesby Jason Schreier on October 16, 2025 at 4:34 pm
Electronic Arts Inc. sold more than seven million copies of its new Battlefield 6 title in the first three days of release, a record for the first-person shooter franchise.
- NASA Leadership Candidates Include Retired Air Force Officerby Allyson Versprille, Loren Grush on October 16, 2025 at 4:10 pm
Retired US Air Force Lieutenant General Joseph Guastella is being considered for the top job at NASA, according to people familiar with the discussions, adding to the pool of candidates in contention for the administrator role.
- Ghana Plans to Have Crypto Assets Law in Place by Year-Endby Ekow Dontoh, Matthew Hill on October 16, 2025 at 4:06 pm
Ghana expects to have a law to regulate cryptocurrencies and virtual assets in place by the end of December, Johnson Asiama, governor of the West African nation’s central bank, said on the sidelines of the International Monetary Fund’s meetings in Washington on Thursday.
- Apple TV Joins With NBC’s Peacock to Offer New Streaming Bundleby Hannah Miller on October 16, 2025 at 4:06 pm
Apple Inc. and Comcast Corp.’s NBCUniversal are teaming up to launch a new streaming bundle that will offer wide-ranging content from live events like the NBA to popular franchises like Ted Lasso and blockbuster movies for $15 a month.
- JPMorgan’s $20 Billion EA Financing to Be Split Among Banksby Claire Ruckin, Gowri Gurumurthy, Jeannine Amodeo on October 16, 2025 at 4:01 pm
The consortium buying Electronic Arts Inc. is set to add more than a dozen banks to its underwriting group after JPMorgan Chase & Co. put up $20 billion of debt to bankroll the leveraged buyout.
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