Category: Business

  • How Are We Feeling About That Debasement Trade?

    How Are We Feeling About That Debasement Trade?

    Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is,…

  • US Companies Added 42,000 jobs in October, Per ADP Data

    US Companies Added 42,000 jobs in October, Per ADP Data

    Employment at US companies increased in October as private-sector payrolls grew by 42,000 after a revised 29,000 decline a month earlier, according to ADP Research data released Wednesday. Michael McKee reports. (Source: Bloomberg) Source: Bloomberg Markets.

  • M&S Sees Second-Half Rebound as Cyberattack Impact Fades

    M&S Sees Second-Half Rebound as Cyberattack Impact Fades

    Marks & Spencer Group Plc expects profit in the second half to rebound to at least last year’s level as the British retailer moves on from a costly cyberattack that disrupted sales since April. Source: Bloomberg Markets.

  • Seres Group President on HK Listing, Expansion Plans

    Seres Group President on HK Listing, Expansion Plans

    For years, Seres Group relied on Chinese tech giant Huawei to help transform itself from a maker of inexpensive minivans into the country’s leading luxury car brand. Now, it appears ready to show the world that it’s coming into its own. Seres, which was listed on the Shanghai Stock Exchange in 2016, makes its trading…

  • Shutdown Strain Could Impact VA Governor's Race

    Shutdown Strain Could Impact VA Governor's Race

    Former Virginia Governor Terry McAuliffe said the state’s voters, many of them federal workers, will take out their frustration with the shutdown and the state of the local economy on Trump and Republicans in today’s election. (Source: Bloomberg) Source: Bloomberg Markets.

  • Foreign-Exchange Veterans Seek to Rebuild Crypto in Wall Street’s Image

    Foreign-Exchange Veterans Seek to Rebuild Crypto in Wall Street’s Image

    A group of former foreign-exchange professionals is trying to import Wall Street’s market structure into the freewheeling world of crypto. Source: Bloomberg Markets.

  • Australia’s First Canola Cargo to China in Years May Depart Soon

    Australia’s First Canola Cargo to China in Years May Depart Soon

    Australia is set to ship its first canola to China in five years, with a vessel hauling a trial cargo of the oilseed expected to depart for Qingdao in less than a week. Source: Bloomberg Markets.

  • Schroders CEO: Working Through HK Property Challenges

    Richard Oldfield, Group Chief Executive at Schroders, says the company is working through market challenges in Hong Kong’s commercial real estate. He speaks with David Ingles and Yvonne Man on the sidelines of the Global Financial Leaders’ Investment Summit in Hong Kong. (Source: Bloomberg) Source: Bloomberg Markets.

  • New Solana ETF Draws Strong Flows in Debut

    New Solana ETF Draws Strong Flows in Debut

    The Bitwise Solana Staking ETF (BSOL), the first of its kind, launched last week with full staking exposure to Solana — the sixth-largest token — yielding around 7%, according to Dune Analytics. A slew of ETFs focused on smaller cryptocurrencies are starting to make their Wall Street debut, with issuers going ahead with the listings…

  • Fed’s Miran Sees Neutral ‘Quite a Ways Below’ Current Policy

    Fed’s Miran Sees Neutral ‘Quite a Ways Below’ Current Policy

    Federal Reserve Governor Stephen Miran explains his call to lower rates more aggressively by 50 basis points at last week’s Federal Open Market Committee meeting, what would make him advocate for another large cut at the December FOMC meeting, and discusses alternative data and the relationship between fiscal conditions and monetary policy. (Source: Bloomberg) Source:…