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Max Kettner, chief multi-asset strategist at HSBC Bank, points to US growth and exceptionalism as he makes the case for higher US yields. Kettner says, "at the end of the day, this is fundamentals, this is not about what Scott Bessent wants." He speaks on "Bloomberg Surveillance."
Caleres (NYSE:CAL) reported second quarter 2026 net sales of $695.5 million, increasing 5.6% year over year as growth in its Brand Portfolio offset lower Famous Footwear sales.
Flotek (NYSE:FTK) raised its 2026 financial guidance, expecting total revenue of $360 million–$370 million and adjusted EBITDA of $50 million–$54 million.
CGI (NYSE:GIB) completed its acquisition of technology consulting firm Callibrity on September 8, 2026, to expand its commercial footprint in Cincinnati.
Sysco (NYSE:SYY) launched an artificial intelligence efficiency program targeting $500 million in savings by fiscal 2029.
Market participants will find out Wednesday how far Treasury Secretary Scott Bessent is initially willing to go to restrain US bond yields via an expanded buyback program. The Treasury Department is expected to announce the size of the next day's operation to repurchase outstanding 10-year to 20-year securities. Ven Ram of Bloomberg MLIV has more.
AEVEX (NYSE:AVEX) secured $20.5 million in new awards to deliver one-way attack systems and expand operational capabilities for United States government customers.
Blair Jacobson, co-president of Ares Management, discusses the outlook for the software industry which came under pressure earlier this year as investors weighed the impact of artificial intelligence on the sector. "The general view was all software will get eaten by AI," Jacobson tells Bloomberg's Guy Johnson from the sidelines of the IPEM conference in Paris. "Seven, eight, nine months later, we've actually seen a bifurcation in that market," he adds.
Blair Jacobson, co-president of Ares Management, discusses the outlook for the software industry which came under pressure earlier this year as investors weighed the impact of artificial intelligence on the sector. "The general view was all software will get eaten by AI," Jacobson tells Bloomberg's Guy Johnson from the sidelines of the IPEM conference in Paris. "Seven, eight, nine months later, we've actually seen a bifurcation in that market," he adds.
KBR (NYSE:KBR) secured a new three-year Time and Materials contract to provide radio frequency engineering for a United States government customer.
Independence Realty Trust (NYSE:IRT) and Centerspace (NYSE:CSR) entered into a definitive all-stock merger agreement to create a combined residential real estate portfolio with an estimated enterprise value of $8.1 billion.
IDEAYA Biosciences (NASDAQ:IDYA) dosed the first patient in its Phase 3 OptimUM-11 trial to evaluate darovasertib as a first-in-class adjuvant therapy for primary uveal melanoma.
