Oil Shock Sends High-Flying Materials Stocks to Rock Bottom
One of the US stock market’s biggest winners this year has turned into the worst-hit sector since the start of the Iran War as a spike in oil prices has boosted industrial production costs.
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Here’s why stocks haven’t fallen harder due to the Iran war
There are a few under-the-surface factors that are supporting the stock market.
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HSBC’s CFO just said the bank would turn to AI to cut costs. Now the bank is reported to consider 20,000 job cuts.
The bank is considering to get rid of roughly 10% of its total workforce, as the bank is focused on “staff-related inflation.”
Private Credit Dislocation Is a Great Opportunity, TCW CEO Says
TCW CEO Katie Koch sees buying opportunities in private credit even amid concerns about the disruptive effect of AI on software companies, which are widely financed by private credit. “As the crowds go for the exit, this is actually the moment where people should be buying,” Koch says on Bloomberg Television. (Source: Bloomberg)
Bond Traders Are Giving Up on the Idea of Fed Rate Cuts
Money markets show chance of rate cut in 2026 is essentially a coin flip.