Market News
- Lagarde Says ECB Torn Between Risk of Acting Too Early, Too Late
by Rodrigo Orihuela, Jana Randow, Mark Schroers on May 9, 2026 at 8:41 amThe European Central Bank is carefully weighing its response to the Iran war and the impact on inflation to ensure it acts neither prematurely nor too late, President Christine Lagarde told Spain’s RTVE.
- Goldman Sees Fed Cuts Delayed to December, March on Inflation
by Suvashree Ghosh on May 9, 2026 at 6:24 amGoldman Sachs said it pushed back expectations for the US Federal Reserve’s next two rate cuts by one quarter to December 2026 and March 2027 as inflation proves stickier than anticipated.
- Iran War Drives Africa’s Fertilizer Crisis
on May 9, 2026 at 5:00 amAfrica’s farmland could be worth $1 trillion, but global shocks are raising the stakes. Fertilizer shortages, rising costs and supply disruptions are putting pressure on food production across the continent. (Source: Bloomberg)
- China’s Energy Imports Plunge as War Chokes Hormuz Shipments
by Jason Rogers on May 9, 2026 at 4:33 amChinese energy imports fell sharply in April, as the near-halt to shipments through the Strait of Hormuz choked a vital channel for crude oil and natural gas.
- China Gold Output Falls as Investor Demand for Bars, Coins Jumps
China’s gold output declined in the first quarter of 2026, weighed down by safety inspections and […]
- Colombia Inflation Ticks Up, Fueling Case For Renewed Rate Hikes
Colombian inflation sped up in April, moving further away from the central bank’s target and […]
- Wall Street Week | High Stakes Summit, New Zealand's Brain Drain, Stablecoin Adoption, Bubbly Water
This week, China thinks it's cracked the code on Trump heading into a summit in Beijing. And, what […]
- Florida, Louisiana-Focused Insurer Safepoint Files for IPO
Safepoint Holdings Inc., an underwriter of specialty homeowners and commercial insurance, filed for […]
- Stocks Hit Record High on Jobs as Chipmakers Surge: Markets Wrap
Signs of labor-market strength drove stocks to all-time highs, bolstering speculation that the […]
- Air India to Cut Costs, Reduce Flights as War Worsens Financial Struggles
Air India Ltd. is looking to implement steps to cut costs and reduce flights in the wake of the […]
- Treasuries Gain to End Choppy Week as Focus Shifts to Inflation
Treasuries advanced at the close of the week as mixed economic data reinforced expectations the […]
- Private Equity Taps Junk Market for Dividends as Exits Stall
Private equity firms are once again tapping the European junk debt market to pay themselves […]
political news
- Denmark Liberal Leader Takes Over Coalition Talks After PM Fails
by Sanne Wass on May 9, 2026 at 8:48 amLiberal leader Troels Lund Poulsen took over Denmark’s coalition-building talks, dealing a blow to caretaker Prime Minister Mette Frederiksen’s bid for a third term after more than six weeks of negotiations broke down.
- Coup Against UK PM Complicated as Rivals Lose Votes on Home Turf
by Ellen Milligan, Jacob Reid on May 9, 2026 at 8:40 amKeir Starmer’s main leadership rivals went into Thursday’s local elections weighing a challenge against the prime minister. But Friday’s results showed some of them on increasingly shaky ground in their own constituencies, a factor complicating any potential coup.
- Poland Says It’s Open to More US Troops If Moved From Germany
by Agnieszka Barteczko on May 9, 2026 at 7:54 amWarsaw is ready to take in more US soldiers, Poland’s defense minister said on Saturday, after US President Donald Trump indicated he may relocate troops from neighboring Germany.
- China Urges France to Help Keep EU Markets Open Through Dialogue
by Charlie Zhu, Ying Tian on May 9, 2026 at 7:48 amChina said it hopes France will play an active role in encouraging the European Union to keep its markets open as well as resolve economic and trade disputes through dialogue.
- Putin Holds Victory Day Parade After Trump Brokers Ukraine Truce
by Anthony Halpin on May 9, 2026 at 6:46 amRussian President Vladimir Putin held a relatively low-key military parade Saturday to mark the World War II victory over Nazi Germany, after US President Donald Trump brokered a three-day ceasefire with Ukraine.
- Israel Tightens Grip on Gaza as Deadlock With Hamas Persists
Israel has expanded its control of Gazan territory and is considering more intense military action, […]
- Scotland’s Pro-Independence SNP Wins; Misses Out on Majority
The Scottish National Party secured a record fifth straight term in government but fell short of […]
- Democrats’ Midterm Math Takes Hit as Court Axes Virginia Map
Democrats were dealt a blow in their efforts to minimize Republican redistricting gains around the […]
- Trump’s Anger at Germany Hangs Over EU Trade Deal Push
Donald Trump’s rift with Friedrich Merz is complicating the European Union’s push to finish its […]
- US Expects Iranian Response Soon Amid Clashes in Hormuz
The US said it expects Iran to respond to its latest proposal to end their war imminently, as […]
Wealth
- OPTrust Goes to Court to Recoup $80 Million From Westbank Tower
by Thomas Seal on May 8, 2026 at 4:16 pmOntario Public Service Employees’ Union Pension Plan put a new residential tower in Vancouver in receivership to recoup C$109 million ($80 million) from developer Westbank Holdings Ltd.
- What Could Knock Markets Off the Wall of Worry?
by John Stepek on May 8, 2026 at 12:15 pmStrong earnings and AI hopes continue to fuel investor enthusiasm, despite the Iran war.
- Ray-Ban Heir Files Legal Challenge to €10 Billion Stake Sale
by Daniele Lepido on May 8, 2026 at 10:09 amAn heir to Ray-Ban billionaire Leonardo Del Vecchio is challenging the approval process for a roughly €10 billion ($11.8 billion) family deal that would reshape control of EssilorLuxottica SA’s biggest shareholder, according to people familiar with the matter.
- Money-Market Assets Notch Biggest Weekly Jump Since April 2020
by Alex Harris on May 7, 2026 at 7:44 pmMoney-market fund assets swelled by the most in six years, snapping three straight weeks of outflows, now that the US tax season and month-end rebalancing are complete.
- Apollo’s Marc Rowan Warns of Fallout From ‘Massive Geopolitical’ Shift
by Dawn Lim on May 7, 2026 at 5:43 pmApollo Global Management Inc. Chief Executive Officer Marc Rowan said the world isn’t prepared for the shakeout from artificial intelligence, price pressures and rising government debt.
Tech & Innovation
- ByteDance Targets 25% Rise in AI Infrastructure Spending: SCMP
by Julia Fioretti on May 9, 2026 at 7:23 amByteDance Ltd. has boosted planned spending on artificial intelligence infrastructure this year by 25% to 200 billion yuan ($29.4 billion), as memory chip costs rise and the TikTok owner ramps up its AI presence, the South China Morning Post reported on Saturday.
- Chinese Export Growth Rebounds as War Fails to Curb Trade
by Paul Abelsky on May 9, 2026 at 3:09 amChina’s export growth rebounded more than expected despite disruptions to shipping caused by the war in Iran, as trade volumes swell due to an investment boom in artificial intelligence.
- China’s Top Economic Planner Urges Stronger Coordination on AI
by Charlie Zhu, Ying Tian on May 9, 2026 at 2:32 amChina’s leading economic planning agency called for stronger coordination and top-level planning in artificial intelligence development.
- Judge to Review Musk, SEC Settlement Deal in Twitter Stake Case
by Megan Howard, Nicola M White on May 8, 2026 at 10:50 pmA federal judge is asking for more information about a proposed settlement between Elon Musk and the US Securities and Exchange Commission, after the billionaire agreed to pay $1.5 million to end a lawsuit alleging he waited too long to disclose his growing stake in Twitter.
- Chip Stock Surge Sends Markets to Record Highs | The Close 5/8/2026
on May 8, 2026 at 10:25 pmBloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Kestra Investment Management CIO Kara Murphy, Precision Neuroscience CEO Michael Mager, Carlyle’s Jason Thomas, Fmr. National Economic Council Dir. Gene Sperling, Envestnet’s Dana D’Auria, DraftKings CEO Jason Robins, NBA Hall of Famer Shaquille O’Neal & Authentic Brands CEO Jamie Salter, Toms Founder Blake Mycoskie, Milk Bar CEO Christina Tosi & Jade Leaf Matcha GM Daniel Woldar, & gamma. CEO Larry Jackson. (Source: Bloomberg)
