The Dow rally continued but the S&P 500 and Nasdaq Composite fell on Monday after six sessions of gains, weighed by tech sector stocks, while a rally in energy shares petered out as crude oil gains withered. Bobbi Rebell reports.
Dec.12 -- Bank of America Merrill Lynch Head of U.S. Equity and Quantitative Strategy Savita Subramanian discusses her outlook for the markets. She speaks on "Bloomberg Daybreak: Americas."
Iran has signed a $16.6 billion deal for 80 Boeing passenger jets and was said to be close to another for dozens of Airbus planes to complete what would be the biggest package of firm contracts with Western companies since Iran's 1979 Islamic revolution. Sonia Legg reports
Dec.12 -- The release of "Rogue One: A Star Wars Story" next week is a crucial test of Disney's strategy of releasing a "Star Wars" film every year through 2020. Will this new tactic work? Bloomberg's Chris Palmeri reports on "Bloomberg Markets."
Dec.09 -- Oil extended gains above $51 a barrel before OPEC meets with producers from outside of the group to discuss production cuts. Futures rose 0.8 percent in New York after climbing 2.2 percent on Thursday. Russia will fulfill its pledge to cut output by as much as 300,000 barrels a day if the Organization of Petroleum Exporting Countries follows through on its commitment to curb production, according to a government official familiar with the matter. OPEC has invited 14 producing nations including Mexico and Oman to the meeting in Vienna on Saturday. World First U.K. Chief Economist Jeremy Cook discusses with Manus Cranny on "Bloomberg Daybreak: Europe."
Dec.09 -- Despite global uncertainty and the flat performance of polished diamonds over the past decade, De Beers is seeing strength and even double-digit growth in some markets. Bloomberg's David Gura sat down with the chief executive officer of De Beers Diamond Jewelers Francois Delage at the luxury brand's new U.S. flagship on Madison Avenue in New York City.
The Trump rally is still going strong: the major US indices continue to post new all-time highs nearly every day, with the Nasdaq Composite finally clawing back some of its short-term losses yesterday and posting a new high. Are these moves sustainable?
Dec.09 -- Russ Koesterich, head of asset allocation for BlackRock's Global Allocation Fund, comments on the bond market during an interview with Bloomberg's Joe Weisenthal and Scarlet Fu on "What’d You Miss?"
Dec.08 -- Nikhil Srinivasan, chief investment officer at Generali, examines the rotation from stocks to bonds and the potential consequences of the move for the U.S. economy. He speaks with Bloomberg's Francine Lacqua on "Bloomberg Surveillance."
Major U.S. stock indexes climbed again on Thursday and set fresh record highs, as a month-long rally, following the presidential election of Donald Trump, rolled on. Bobbi Rebell reports.
Dec.07 -- David Rosenberg, chief economist and strategist at Gluskin Sheff, examines the factors behind a rally in bank stocks as he sees odds leaning to the upside in the market for the next six months. He speaks on "Bloomberg Daybreak: Americas."
Dust off your resume, these are the best companies to work for in 2017. Angeli Kakade (@angelikakade) has the story.
Yahoo Finance's Seana Smith is tracking the stocks you’re following, based on your Yahoo Finance ticker searches.
Dec.07 -- Common Cause Director of Media and Democracy Todd O'Boyle and Bloomberg’s Alex Sherman discuss the AT&T-Time Warner merger and its potential impact on tech companies. They speak with Emily Chang on “Bloomberg Technology.”
President-elect Donald Trump says Japanese company SoftBank will invest $50 billion in the U.S. and create 50,000 new jobs. SoftBank chief executive Masayoshi Son told the press that he decided to invest because under Trump the “U.S. will become great again.”
Dec.06 -- Bloomberg's Lulu Chen reports on Airbnb's China expansion plans and relationship building in the country. She speaks on "Bloomberg Technology."
Wall Street climbed as telecom stalwarts AT&T and Verizon gained and bank shares added to their torrid post-election rally, helping the Dow set another record closing high. Bobbi Rebell reports.
Lego is making some big changes at the top. The man credited with rescuing the Danish toymaker from near financial collapse—Jørgen Vig Knudstorp—is stepping down as CEO. He’ll become chairman of the company and of a new Lego Brand Group. Replacing him will be Lego’s chief operating officer Bali Padda.
Dec.06 -- Jean-Sebastien Jacques, chief executive officer at Rio Tinto, talks about how the policies of U.S. President-elect Donald Trump may benefit his company and discusses growth prospects based on projects planned for 2017. He speaks on "Bloomberg Daybreak: Americas."
Dec.05 -- Eurozone Finance Ministers react to the outcome of the Italian referendum before a Eurogroup meeting in Brussels.
Amazon has unveiled a new brick and mortar grocery store in Seattle that sells everything from essentials to ready-made meals.
Dec.05 -- New York Times CEO Mark Thompson discusses the paper’s increase in its digital business in the wake of the U.S. presidential election. He speaks with David Westin from the UBS Global Media and Communications Conference on "Bloomberg Markets."
The number of auto loan issues to subprime borrowers—people with credit scores between 501 and 600—declined by 4.5% from the third quarter of 2015 to the same period in 2016, according to Experian. The number of deep subprime loans—issued to people with credit scores between 300 and 500—fell by 2.9%. The number of loans to prime and superprime borrowers—with credit scores between 661 and 850—rose slightly.
Wall Street rose on Monday, with the Dow Jones industrials setting fresh record highs, as services sector data gave further evidence of strength in the domestic economy. Bobbi Rebell reports.
Dec.02 -- U.S. payrolls increased in November as employers added 178,000 jobs, while the unemployment rate declined to 4.6 percent. Bloomberg's Michael McKee breaks down the numbers on "Bloomberg Daybreak: Americas."
On Friday, we learned the US economy added 178,000 jobs in November and the unemployment rate fell to 4.6%, while over 95 million Americans were not in the labor force.
Dec.01 -- The existing move from bonds to stocks shifted into high gear following the U.S. election as bonds suffered their worst-ever month in November. Bloomberg's Oliver Renick explains on "Bloomberg Daybreak: Americas."
A sharp decline in technology stocks pulled both, the Nasdaq and the S&P 500 indices, into the red on Thursday, while the Dow managed to notch a record closing high with a lift from bank and energy shares. Bobbi Rebell reports.
A deal to sell McDonald's roughly 2,400 restaurants in China and Hong Kong will be worth up to $3 billion, a source says. Fred Katayama reports.
Howard Schultz stepping down as Starbucks CEO, Schultz will become the company's executive chairman, and current President and COO Kevin Johnson will become Starbucks' next CEO. Starbucks shares are down nearly 4% after hours.