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Qualcomm shares slid 14% at the open of trading on Thursday after the company gave a lackluster profit forecast. If the decline holds through the close of trading it would be its worst day since 2020. Bloomberg's Ryan Vlastelica reports.
Former Federal Reserve Governor Stephen Miran says raising interest rates in September was a mistake and not necessary. Miran also says he's enthusiastic about cutting back on forward guidance from the Fed even if it raises the risk premium.
Applications for US unemployment benefits fell by 6,000 to 189,000 last week. Continuing claims rose 23,000 in the week ending Oct. 31. Enda Curran reports on Bloomberg Television.
Mark Cabana, co-head of global rates strategy at BofA Securities, explains what he sees markets getting wrong on pricing in interest-rate hikes from the Federal Reserve as he expects the Fed to potentially need to go beyond three hikes. He speaks on "Bloomberg Surveillance."
Bank of England Governor Andrew Bailey says the best thing that could curb the current supply shock is a resolution of the war in the Middle East. He speaks at a news conference following the central bank's decision to hike interest rates on Thursday.
Bank of England Governor Andrew Bailey discusses the central bank's decision to hike interest rates by a quarter point to 4% on Thursday. He tells reporters in London that the longer the conflict in the Middle East continues, the more inflationary pressure builds up in the pipeline. "We need to limit the impact of that," Bailey says.
"Probably it's an insurance move," says Geoffrey Yu, senior market strategist at BNY, as the Bank of England voted 8-1 to raise rates by a quarter point. He sees the messaging "not envisaging further moves" by the central bank's Monetary Policy Committee. He speaks on "Bloomberg Surveillance."
Vice President JD Vance and other prominent Republicans quickly distanced themselves from President Donald Trump and the Iran war. The GOP's collapse in the midterm elections prompted a wave of finger-pointing largely aimed at the Oval Office. Tyler Kendall reports on Bloomberg Television.
The Bank of England raised interest rates by a quarter point to 4%, while warning inflation is on track to hit almost 5% next year and signaling another hike is on the cards. Bloomberg's Caroline Hepker reports.
Manish Kabra, head of US equity strategy at Societe Generale, says investors can lean into history as he offers perspective on market performance following midterm elections. He speaks on "Bloomberg Surveillance."
Manish Kabra, head of US equity strategy at Societe Generale, says investors can lean into history as he offers perspective on market performance following midterm elections. He speaks on "Bloomberg Surveillance."
he CEO of water and waste management company Veolia said that neither the Democrats victory in the US (its number 2 country) nor the political turmoil in France (which represents 20% of revenue) will change the course of demand for Veolia. That's after the company reported revenues up 3.1% in the first 9 months of the year.
