United States Financial

Ohsung Kwon, chief equity strategist at Wells Fargo, explains the "pretty negative setup" he sees for equities as he lowers his year-end target for the S&P 500 to 7,700.

Upbound Group (NASDAQ:UPBD) announced that its Board of Directors has approved a quarterly cash dividend of $0.39 per common share for the fourth quarter of 2026.

Applications for US unemployment benefits fell to the lowest level since July, edging down 1,000 to 197,000 in the week ended Sept. 19, according to Labor Department data released Thursday. Enda Curran reports on Bloomberg Television.

Lisa Shalett, CIO at Morgan Stanley Wealth Management, sees both equities and bonds "going through a period of seasonal weakness," but would be a buyer of stocks as she views the midterm election as a clearing event for equity markets.

"We don't think the dollar will knock it out of the park," says Daragh Maher, senior FX strategist at HSBC, as he discusses the "ambiguous relationship" he sees between the US dollar and Treasury yields. He speaks on "Bloomberg Surveillance."

As US President Donald Trump greeted China's Xi Jinping on Wednesday, Treasury Secretary Scott Bessent announced that an agreement struck last year by the nations will run an additional two months until Jan. 10. Tyler Kendall reports on Bloomberg Television.

Yields on the US government's longest-dated bonds climbed to the highest level in more than two decades, the latest milestone notched in an extended bond selloff driven by inflation and fiscal concerns. The rate on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, the highest since 2004, after Brent crude oil prices jumped. It follows a surge this week that left yields across maturities around the highest levels since 2007. JP Morgan Private Bank's Global Investment Strategy Co-Head Grace Peters joined Lizzy Burden and Stephen Carroll on Bloomberg radio to discuss. Christopher Pitt

Leland Miller, China Beige Book CEO, joins Bloomberg's Anna Edwards on "Bloomberg Brief" to look ahead to the Trump-Xi summit in Washington. He says that the US side has seen a lot of non-compliance from their Chinese counterparts, which have resulted in more frequent check-ins. Miller adds that the Board of Investment is intended to stabilize the relationship and not expand bilateral investment.

Grace Peters, global investment strategy co-head at JPMorgan Private Bank, discusses the global selloff in bonds and why she sees equities as "the growth engine of the portfolio" even if rising yields place a "higher burden on earnings going forward." Peters speaks on Bloomberg Television.

The Swiss National Bank dialed down its threat of intervention to weaken the franc and raised inflation forecasts while keeping interest rates unchanged. Bloomberg's Guy Johnson has the details.

Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Global bonds were selling off again as traders ramped up bets on further Fed rate hikes after strong US economic data and weak demand at a Treasury auction pushed yields to multi-decade highs. Sree Kochugovindan, Senior Research Economist at Aberdeen Investments spoke to Bloomberg's Jennifer Zabasajja on Horizons Middle East & Africa on the US growth.