Latest News View More Indian Refiners See Moscow Finding Path Around Latest Oil Curbs (Bloomberg) -- State-owned oil refiners in India, the top importer of seaborne Russian crude, believe the impact from the latest US sanctions may be temporary as Moscow finds workarounds, and the new Trump administration takes a softer line against the OPEC+ member.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoProcessors are hopeful that the new US government may help to blunt the impact of t Bloomberg • 47 minutes ago Japan's service mood improves, rising costs cloud outlook China’s New Loans Drop for First Time in 13 Years on Weak Demand Dollar Slips, Futures Rise on Tariff Report: Markets Wrap Oil Swings Near Five-Month High as Global Supply Risks Intensify BOJ’s Deputy Chief Signals Chance of Rate Hike Next Week Bond Risks Pile Up in East Europe Amid $34 Billion Sales Spree Stock Market News View More European electric car market suffers ‘devastating’ collapse after tax breaks scrapped Falling electric vehicle (EV) sales in Germany dealt a “devastating” blow to the European market last year, as Chinese carmakers powered ahead of rivals in the West. The Telegraph • 13 minutes ago Stock market today: Equities attempt rebound ahead of earnings season Financiers With Dubious Links to Gulf Royals Cloud $1 Trillion Market Reeves’ Vision for Britain Faces Fresh Peril From Market Fallout Energy stocks are off to a blockbuster start in 2025 after back-to-back years of underperformance Stock market today: Asian markets are mixed, echoing trading on Wall Street The S&P 500's postelection rally has been erased Earnings View More 3 trends to watch as earnings season kicks off Nearly 75% of S&P 500 companies will have reported their results by February 7, giving investors a clear picture of what 2025 could look like. Business Insider • 4 hours ago The surging dollar will separate the winners and losers this earnings season What Analysts Think of Bank of America Stock Ahead of Earnings Strong US dollar to test 'recurring phenomenon' this earnings season New Balance sales jump 20% in 2024, reach record $7.8 billion Watch These TSMC Price Levels as the Chipmaker's Earnings Report Looms Traders Brace for Biggest S&P Earnings-Day Reactions Ever Fed, inflation fears could overshadow earnings: Strategist Major banks are preparing to launch the first quarter earnings season. Slatestone Wealth chief market strategist Kenny Polcari joins Morning Brief to discuss earnings outlook and potential market implications. "There's a different sentiment now about where people feel about the market, to where they feel about the Fed and where they feel about inflation," Polcari tells Seana Smith and Brad Smith. He suggests that, while earnings may be positive, concerns about the Federal Reserve and inflation could "trump the way people feel." Regarding bank earnings, Polcari emphasizes, "This earnings season, I think you have to pay attention to loan loss reserves." He explains that these are funds banks set aside to protect against defaults, noting that if these reserves increase, "that gives you a sense of what they really expect" regarding broader economic health and consumer stability. On Federal Reserve policy, Polcari firmly believes the central bank shouldn't cut rates in 2025. He adds, "I am in the camp that not only are we not going to get another cut, but the risk is to the upside." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith 04:51 Job searching? Why a 'perfect' resume doesn't cut it anymore 05:21 Healthcare M&A poised for a rebound in 2025 05:49 Guidance will be the focus of big bank earnings, this analyst says 04:34 Trump tariff regime will be a 'very bumpy road.' Here's why. From the Yahoo Finance Newsroom View More IRA expert: Why traditional retirement accounts have become the worst asset for estate planning Stock market today: Dow pops higher, tech weighs on Nasdaq as Treasury yields keep climbing Oil prices jump to 5-month high over increasing worries of supply crunch stemming from sanctions Shake Shack CEO on the burger chain's new growth plan, international ambitions Southern California Edison parent's stock falls amid investigation, lawsuit over alleged role in LA wildfires Nvidia stock falls after Biden administration releases updated export rule for AI chips Moderna cuts sales forecast on weaker vaccine demand Google's next big bet: Taking drone deliveries mainstream Premium News View More OpenAI Starts Its Trump Strategy; CES Shows Not Everything Needs AI Instagram Leader Says App will Prioritize Original Content in 2025 T-Mobile Eyes More Measurable Marketing Solutions With Buyout of Digital Ad Company Vistar Media Equities Close Mixed as Traders Await Inflation Data, Bank Earnings GSK Acquiring US-Based IDRx for up to $1.15 Billion Equities Mixed Intraday as Markets Await Bank Earnings, Inflation Data Pershing Square Proposes Merger With Real Estate Developer Howard Hughes Tesla Poised to Make 'Great Strides' in Autonomous Vehicle Development, Morgan Stanley Says Housing View More Biggest US banks ready mortgage relief for victims of Los Angeles wildfires Swedish real estate group SBB says creditor drops lawsuit California homeowners insurance market tested as fires rage US 30-year fixed-rate mortgage rate hovers just under 7% Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase Mortgage rates jump again, approaching 7% barrier Ally to End Mortgage Originations, Cut Jobs Across Company US 30-Year Mortgage Rate Just Shy of 7% Weighs on Home Purchases Personal Finance What do you need to open a bank account? Yahoo Personal Finance • 8 hours ago How do I find my bank account number? Best money market account rates today: January 13, 2025 (earn up to 4.85% APY) Tech Risk of TikTok Ban Has Users Rushing to Other Chinese-Made Apps Bloomberg • 2 hours ago Oil shipping rates surge after US sanctions tighten global fleet Grab-Backed Super Bank Is Said to Consider Jakarta IPO This Year Crypto Dogecoin Whales Accumulate Nearly 1 Billion DOGE in Two Days After Elon Musk's Crypto Forecast Benzinga • 5 hours ago Despite Bitcoin’s drawdown, long-term believers still believe $5 million is eventual Could AI and Bitcoin mining mitigate the looming energy shortage? More News Stocks Are Close to Wiping Out Trump Bump as Rate Fears Kick In (Bloomberg) -- It’s the round-trip ticket no one on Wall Street wanted. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoThe S&P 500 Index on Monday briefly dropped below where it ended on Nov. 5, just before Donald Trump was elected president, and closed only slightly above that level on Monday. Investors are dumping stocks and interest rates are climbing as fears grow that inflation remains st Morning Bid: Hot US jobs data stoke yield fire, scold stocks If the reaction in U.S. stocks, bonds and the dollar to Friday's sizzling U.S. employment report is any guide, Asian markets are in for a bumpy ride on Monday, rocked by another whoosh higher in bond yields and inflation fears. The U.S. economy created over a quarter of a million net new jobs and the unemployment rate fell last month, reflecting a robust labor market. The S&P 500 fell to its lowest since November 5, the day of the U.S. presidential election, and it looks like soaring bond yields could crush investors' appetite for risky assets like stocks. Apple Keeps This Crown, But Gets Tarnished Alongside Nvidia What are the Magnificent Seven stocks? How much market cap weighting do AAPL, MSFT, GOOGL, AMZN, META, TSLA and NVDA have on the Nasdaq? Heard on the Street’s Stock-Picking Series Check out the stocks Heard on the Street writers favor in their eighth annual stock-picking contest. US oil refiners brace for a tough year as investor sentiment turns negative Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and worries that President-elect Donald Trump may slap tariffs on imports of crude. This followed two years of bumper profits as refiners cashed in on supply shortages caused by Russia's invasion of Ukraine and a post-pandemic recovery in demand. Shares of major refiners have fallen this year, and on average, analysts have lowered expectations for refiners' fourth-quarter earnings before interest, taxes and amortization (EBITA) by 24% since the start of the quarter, Tudor, Pickering, Holt & Co analyst Matthew Blair said in a note. Analyst Report: eBay Inc. EBay operates one of the largest e-commerce marketplaces in the world, with $73 billion in 2023 gross merchandise volume rendering the firm a top 10 global e-commerce company. It generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 130 million buyers and roughly 20 million sellers across almost 190 global markets at the end of 2023. EBay generates just north of 50% of its GMV in international markets, with a large presence in the UK, Germany, and Australia. Crypto Daybook Americas: Bitcoin Risks Losing Key Support Zone as Risk Assets Struggle Your day-ahead look for Jan. 13, 2025 Stocks Poised for Lower Open Investors await the December inflation report on Wednesday as President Joe Biden spends his last week in office. Zambia's SEC sanctions Standard Chartered over China property bond mis-selling, source says LONDON (Reuters) -Zambia's Securities and Exchange Commission (SEC) has sanctioned Standard Chartered for mis-selling a Chinese property company's bonds to one of the bank's local wealth clients at the height of the Asian country's real-estate crisis, according to a source. The source familiar with the matter told Reuters that the UK-headquartered bank, which is currently looking to sell its wealth and retail banking businesses in Zambia, was facing "enforcement action" for two breaches of SEC rules following a months-long investigation. In addition, the SEC found Standard Chartered had also used "exclusionary" contract clauses, which meant the client held all responsibility for the risks, which goes against Zambia's securities rules. Bain Capital raises bid for Australia's Insignia to $1.8 billion, matches CC Capital (Reuters) -Shares of Australia's Insignia Financial hit a more than three-year high on Monday as a bidding war escalated, with private equity firm Bain Capital raising its offer to A$2.87 billion ($1.76 billion), in line with rival CC Capital's bid. Under the offer, Insignia shareholders will receive A$4.30 per share, a 7.5% premium to Bain Capital's earlier offer and a 4.4% premium to Insignia's last closing price of A$4.120. Shares of the 178-year-old Australian wealth manager, which provides superannuation, financial advice and asset management services, gained as much as 3.2% to A$4.250, hitting their highest levels since Oct. 28, 2021.
