Gundlach Sees 50-50 Chance of Fed Raising U.S. Rates in December
There’s a fifty-fifty chance the U.S. Federal Reserve will raise interest rates in December, according to Jeffrey Gundlach, co-founder of DoubleLine Capital.
- Bank of America Corp 15.70 +0.90%
- Atmel Corp 8.19 +12.65%
- Weatherford International PLC 8.41 -16.90%
- Apple Inc 115.21 +1.55%
- Freeport-McMoRan Inc 10.53 -3.22%
- Rite Aid Corp 7.33 -2.40%
- General Electric Co 25.09 +1.17%
- Facebook Inc 95.55 +1.22%
- Sprint Corp 4.38 -2.23%
- Microsoft Corp 44.11 +1.45%
- Pandora Media Inc 20.83 +5.74%
- Intel Corp 29.16 +0.48%
- Pfizer Inc 32.42 -1.31%
- Twenty-First Century Fox Inc 26.45 +0.53%
- Cisco Systems Inc 25.54 +0.00%
- Dow Chemical Co/The 44.02 +1.64%
- Sirius XM Holdings Inc 3.85 +0.65%
- Ford Motor Co 14.32 +0.28%
- AT&T Inc 32.56 +0.03%
- Micron Technology Inc 15.75 +1.61%
- Yahoo! Inc 31.17 +1.40%
- Frontier Communications Corp 4.94 -1.00%
- Netflix Inc 100.30 -2.26%
- Alcoa Inc 9.90 -0.70%
- Merck & Co Inc 50.98 -2.21%
Markets
Five Things on the Agenda When China's Xi Goes to Washington
China's Sky Solar Soars After Signing $100 Million Funding Pact
Why Barrack, Sternlicht Joined Forces in U.S. Home-Rental Merger
Chicago Plans $543 Million Property Tax Hike Over Four Years
Barclays: These Advanced Economies Need More Currency Depreciation to Offset the Commodities Crash
Deep Dive: Clinton and Biotech, Stocks Get a Bounce
San Francisco Fed: Market-Based Inflation Forecasts Are Lousy
U.S. Stocks Rise After Selloff Amid Reassuring Comments From Fed
Indexes
Currencies
Bonds
DJIA
16,510.19
+125.61
+0.77%
S&P 500
1,966.97
+8.94
+0.46%
NASDAQ
4,828.95
+1.73
+0.04%
FTSE 100
6,108.71
+4.60
+0.08%
Nikkei 225
18,070.21
-362.06
-1.96%
Hang Seng
21,756.93
-163.90
-0.75%
ASX 200
5,066.24
-104.26
-2.02%
EUR-USD
1.1187
-0.0003
-0.03%
GBP-USD
1.5511
+0.0004
+0.03%
USD-JPY
120.5100
-0.0500
-0.04%
EUR-GBP
0.7212
-0.0003
-0.04%
AUD-USD
0.7128
-0.0004
-0.06%
USD-CAD
1.3249
-0.0006
-0.05%
USD-CHF
0.9721
+0.0003
+0.03%
Latest News
Fed’s Lockhart Favors Interest-Rate Liftoff Later This Year
Federal Reserve Bank of Atlanta President Dennis Lockhart said while recent market volatility raised risks to the U.S. economic and inflation outlook, he remains confident the central bank will raise interest rates this year.
Bill Yields Stuck Below Zero as Treasury Reduces Size of Sales
Yields on the Treasury’s shortest-maturity obligations are getting locked in below zero as the U.S. moves to reduce issuance of bills to keep under the government’s debt limit.
Pandora Gets Boost From Copyright Chief in Web Radio Fight
Internet radio leader Pandora Media Inc. edged closer to an important win when a U.S. copyright official said judges who set music royalties should hear the company’s argument for lower rates, sending its shares higher.
Oil Continues Slide, Will There Be Blood?
Bloomberg's Alix Steel updates the latest commodities markets news. She reports on "Bloomberg Markets." (Source: Bloomberg)
How to Create a Hike-Proof Portfolio
BlackRock's Heidi Richardson discusses Fed policy and her outlook for stocks. She speaks on "Bloomberg Markets." (Source: Bloomberg)
Gainers
Westlake Chemical Corp
Alaska Air Group Inc
PayPal Holdings Inc
CarMax Inc
Losers
Weatherford International PLC
Ultragenyx Pharmaceutical Inc
Mallinckrodt PLC
Bluebird Bio Inc
Goldman Sachs Earns New Animal Moniker From Oppenheimer in Upgrade
Move inventory like a butterfly, trade like a bumblebee.
Brazil's Real Near 4.00 per Dollar Again Confronts a Vicious Cycle
Brazil's currency is taking an ugly trip against the dollar.
Mallinckrodt, Merck, Biogen: What's Moving Markets
Bloomberg’s Julie Hyman examines the stocks on the move in today's trade. She speaks on "Bloomberg Markets.”
Previously Owned U.S. Home Sales Retreat on Limited Availability
A U.S. housing market that heated up earlier this summer cooled down in August as lean inventories tempered buyer interest.
Options Update: How to Play Lululemon Athletica
MKM Holdings Derivatives Strategist Jim Strugger discusses his options play for the lululemon athletica. He speaks on "Bloomberg Markets." (Source: Bloomberg)
Clinton's Tweet on High Drug Prices Sends Biotech Stocks Down
The drug company CEO under fire for boosting the cost of a decades-old medicine by 50-fold defended the decision, calling the treatment a bargain at $750 a pill.
What Are the Investment Opportunities in Greece?
Greylock Capital CEO Hans Humes discusses investing in Greece. He speaks on "Bloomberg Markets." (Source: Bloomberg)
The Stoxx 600 Climbs 0.9 Percent
Bloomberg's Mark Barton reports on today's action in the European markets. He speaks on "Bloomberg Markets." (Source: Bloomberg)
Former Baupost Managing Director Fidalgo Said to Plan Hedge Fund
Miguel Fidalgo, a former managing director at Seth Klarman’s $28.5 billion Baupost Group, plans to start a hedge fund early next year that will look for bargains globally.
Greenhill's Bok Expects Restructuring to Get `Extremely Active'
Greenhill & Co. Chief Executive Officer Scott Bok said he expects interest rate increases to fuel restructuring work as financing becomes more expensive for troubled companies.
Latest Markets Videos
Why Fed Officials Still See a 2015 Liftoff
Bloomberg's Carl Riccadonna reports on Fed policy. He speaks on "Bloomberg Markets." (Source: Bloomberg)
Oil: What Is Bank 'Redetermination'?
Creditsights Senior Oil and Gas Analyst Brian Gibbons discusses capital controls on oil companies and bankruptcies in the sector. He speaks on "What'd You Miss?" (Source: Bloomberg)
Deep Dive: Clinton and Biotech, Stocks Get a Bounce
On "Deep Dive," Bloomberg's Alix Steel and Joe Weisenthal take a look at biotech and stocks. They speak on "What'd You Miss?" (Source: Bloomberg)
Oil Continues Slide, Will There Be Blood?
Bloomberg's Alix Steel updates the latest commodities markets news. She reports on "Bloomberg Markets." (Source: Bloomberg)
How to Create a Hike-Proof Portfolio
BlackRock's Heidi Richardson discusses Fed policy and her outlook for stocks. She speaks on "Bloomberg Markets." (Source: Bloomberg)
Options Update: How to Play Lululemon Athletica
MKM Holdings Derivatives Strategist Jim Strugger discusses his options play for the lululemon athletica. He speaks on "Bloomberg Markets." (Source: Bloomberg)
What Are the Investment Opportunities in Greece?
Greylock Capital CEO Hans Humes discusses investing in Greece. He speaks on "Bloomberg Markets." (Source: Bloomberg)
The Stoxx 600 Climbs 0.9 Percent
Bloomberg's Mark Barton reports on today's action in the European markets. He speaks on "Bloomberg Markets." (Source: Bloomberg)
Hospitals Get Back to Bonds as ACA Concerns Fade
Bond issuance by nonprofit hospitals has reached $18 billion to date for 2015, returning to the highest level since 2012. Bloomberg's Kate Smith looks into the role played by the Affordable Care Act in the resurgence of hospital bond offerings. She speaks on "Bloomberg Markets." (Source: Bloomberg)
Stocks
Fed Should Hold Hearing on Goldman-GE Banking Deal, NCRC Says
The Federal Reserve should hold hearings on Goldman Sachs Group Inc.’s planned purchase of an online banking unit from General Electric Co. because of concern a deal won’t create a public benefit, the National Community Reinvestment Coalition told the central bank.
Apple Releases Watch Software Update After Bug Caused Delay
Apple Inc. said a software update for Apple Watch is now available after last week’s release was delayed because a problem in the operating system couldn’t be fixed in time.
Ex-Morgan Stanley Adviser Pleads Guilty to Taking Bank Data
A fired Morgan Stanley financial adviser who downloaded client data to a home server pleaded guilty to accessing the bank’s computer network without permission.
Here's How One Norwegian CEO Plans to Dodge Facebook's Dominance
Schibsted ASA is going on the offensive to build its defenses against the global behemoths of the Internet.
Lululemon Gains After Morgan Stanley Predicts Earnings Rebound
Lululemon Athletica Inc. shares gained as much as 5.4 percent after Morgan Stanley upgraded the stock, predicting that new management will reinvigorate sales growth and bolster profit margins.
Sex Reassignment Is Latest Company Benefit in Equality Push
U.S. companies are swiftly adding health insurance benefits for employees who want to transition to another gender, a fairly inexpensive way to show they’re serious about a diverse workforce because so few people actually use them.
Bank of Italy Letter Slams `Arbitrary' ECB Over Capital Demands
The European Central Bank risks criticism for “unwarranted” and “arbitrary” decisions over higher capital requirements for euro-area lenders that could harm the fragile economy, according to a letter written by Fabio Panetta, Italy’s member of the ECB’s Supervisory Board.
Disney, Creative Artists Back Jaunt Virtual-Reality Venture
Jaunt Inc., a virtual-reality technology and filmmaking company gearing up for growth, raised $66 million from investors including affiliates of Walt Disney Co., TPG Capital and Hollywood’s Creative Artists Agency.
GE Won't Build India Nuclear Plants on Liability Risk: Immelt
General Electric Co. won’t risk building a nuclear power plant in India, Chief Executive Officer Jeffrey Immelt said, signaling a continuing resistance to a law that potentially makes suppliers liable for nuclear accidents in the South Asian nation.
Meet the Sole Economist Forecasting a Polish Rate Cut Next Year
Investors should expect Poland’s monetary policy to begin a shift toward easing following next month’s general election, according to Jakub Borowski.
French Privacy Watchdog Rejects Google Delisting-Order Challenge
Google Inc.’s informal appeal of a French data-protection watchdog’s call to extend the so-called right to be forgotten to all its websites was rejected by the regulator, opening up the Internet search provider to possible fines.
How Warner Bros. Battled Its Way to No. 1 in Video Games
Batman and Gandalf are fighting flying monkeys in Oz. Suddenly, Scooby-Doo comes to their rescue, racing down the Yellow Brick Road in the DeLorean from “Back to Future.”
HKEX's Li Says He Followed Hiring Procedures at JPMorgan
Charles Li, the chief executive of Hong Kong Exchanges & Clearing Ltd., said he followed internal hiring procedures in his former role as the China chairman of JPMorgan Chase & Co.
How to Lose $667 Million in Bond Trades Without Trying
Bond investors can waste a lot of money and not even know it.
Hospitals Get Back to Bonds as ACA Concerns Fade
Bond issuance by nonprofit hospitals has reached $18 billion to date for 2015, returning to the highest level since 2012. Bloomberg's Kate Smith looks into the role played by the Affordable Care Act in the resurgence of hospital bond offerings. She speaks on "Bloomberg Markets." (Source: Bloomberg)
Confused Bond Market Looks to October for the Fed
Bloomberg's Lisa Abramowicz examines signals from the bond market about Federal Reserve rate hike expectations and what the market is looking for from the Fed. She speaks on "Bloomberg Markets." (Source: Bloomberg)
Goldman Sachs, Yahoo, Alibaba: What's Moving Markets
Bloomberg’s Julie Hyman examines the stocks on the move in today's trade. She speaks on "Bloomberg Markets.” (Source: Bloomberg)
U.S. Existing Home Sales Unexpectedly Fall 4.8% in August
U.S. existing homes sales unexpectedly declined by 4.8 percent in August to a 5.31 million annual rate, falling from their highest level since 2007. Bloomberg's Julie Hyman reports on "Bloomberg Markets." (Source: Bloomberg)
"The Committee judged it appropriate to wait for more evidence"
Federal Reserve Chair Janet Yellen
Goldman Sachs Has Some Bad News for Investors Who Like to Pick Stocks
Low return dispersion and a stock market selloff combine to make life hard for active investment managers.
Brazilian Economy, Dow Jones: What’s Moving Markets
Bloomberg’s Tom Keene, Pimm Fox, and Tracy Alloway run down what you need to know about today’s market. They speak on “Bloomberg Surveillance.” (Source: Bloomberg)
Sales of Previously Owned U.S. Homes Fall More Than Forecast
Sales of previously owned U.S. homes fell more than forecast in August as lean inventories slowed this year’s momentum.
Hedge Funds Burned by Fed Set to Unwind Bearish Rate Bets
Hedge funds and other speculators were ready to profit last week if the Federal Reserve lifted interest rates. Their bets proved wrong-footed, leaving traders poised to reverse course, according to TD Securities.
Alibaba Falls as Lockup Ends, Putting Focus on Yahoo's Stake
Alibaba Group Holding Ltd. fell as trading restrictions ended following the Chinese e-commerce company’s initial public offering.