President Javier Milei’s government unveiled changes to its currency policy and said it will embark on a campaign to build up its depleted foreign reserves, moving a step closer to the free float investors have long desired.
US banks are lending more to private credit firms, private equity shops and hedge funds, with loan volume to these non-bank financial institutions up 26% this year through November, according to Fitch Ratings.
Short-maturity Treasuries posted small gains as investors looked to a swath of delayed US economic reports ahead this week that have the potential to alter expectations for further Federal Reserve interest-rates cuts next year.
The last full trading week of 2025 started with stocks, bonds and the dollar wavering as Wall Street geared up for key economic data that will help shape the Federal Reserve rate outlook.
Meghan Robson, Head of US Credit Strategy at BNP Paribas, expects inflation to accelerate a bit in 2026 due to pressure on goods inflation. She sees one more rate cut next year but inflation will prevent the Federal Reserve from extending its cutting cycle. She speaks to Bloomberg's Carol Massar, Tim Stenovec, and Michael McKee on 'Bloomberg Businessweek Daily.' (Source: Bloomberg)
Netflix's proposed $72 billion acquisition of Warner Bros. studio and streaming assets -- likely to undergo tough antitrust scrutiny by authorities in the US and overseas -- is already defending the pact's merits due to a consumer lawsuit filed Dec. 8. Though private suits to block deals rarely succeed, it's another stick in the fire of antitrust opposition that the companies must overcome to get their deal closed, and stranger things could happen. Bloomberg's Jen Rie joins to discuss. (Source
The yen gained as investors ramped up bets the Bank of Japan will hike interest rates this week and traders waited on key US labor data.
Copper rose — clawing back some of Friday’s steep drop — as investors refocused on prospects for a tighter market next year.
Stone Point Capital is testing a roughly $1 billion fund that it hopes to one day open to wealthy individuals, as smaller private-markets firms seek to emulate their larger peers in tapping the multitrillion-dollar retail market.
US stocks fell on Monday as a selloff in technology stocks continued and traders readied themselves for a swath of economic data.
