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Bloomberg Markets
Momentum-style equity investing is poised to rebound from a sharp retreat as sectors with strong earnings replace chip stocks in leading the market’s gains, Morgan Stanley strategist Michael Wilson said.
Bloomberg Markets
President Donald Trump said fresh US-Iran talks would begin Monday, boosting optimism the two sides will reach a deal to reopen the Strait of Hormuz. While Iran Foreign Ministry Spokesman Esmail Baghaei said “We are not currently negotiating with the United States, and the negotiations with Oman are focused on reaching an agreement regarding the safe passage of ships through the Strait of Hormuz,”
Europe’s biggest rivers are drying up after the region was seared by a series of heat waves. Soari
Yahoo Finance
Yahoo Finance
Bloomberg Markets
Zepto Ltd. faced a 68% cut to its valuation during its initial public offering roadshow last month, prompting the Indian rapid-commerce firm to delay its listing, according to people familiar with the matter.
Bloomberg Markets
The Japanese yen is so weak that even the US has stepped in to prop up the currency.
The joint US-Japan action, the first in 15 years, underscores their unprecedented determination to defend the Asian currency. Mia Glass explains why. (Source: Bloomberg)