U.S. endowment funds are looking at crypto investments as bitcoin soars and Donald Trump draws attention to the industry.
Consumers expect inflation increase amid tariff talks
Sentiment is at its lowest point since July, as consumers feel uncertain about the current state of the economy, according to a Wells Fargo report.
BP Stock Jumps as Elliott Reportedly Builds Stake
BP's U.S.-listed shares are rising 6% in premarket trading Monday following reports that activist hedge fund Elliott Investment Management has amassed a stake in the British oil giant and is seeking to make changes.
India IPO Market Gets Reality Check as $4 Billion Lockups Expire
(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi Drivers Navigate the City Without GPSIndia’s newest stocks joined a b
Bank of Mexico's governor says inflation fight enters new phase
Mexico's inflationary environment is expected to allow policymakers to keep cutting the benchmark interest rate, the head of the Bank of Mexico told Reuters, as the fight to bring down inflation has entered a new phase. Banxico, as the Mexican central bank is known, cut the key rate by 50 basis points to 9.50% on Thursday, double the 25-basis-point cuts it had made since it began lowering borrowing costs from a record high of 11.25% in March 2024. Last week's rate reduction brought Mexico's interest rate to its lowest since September 2022 as annual inflation in Latin America's second-biggest economy slowed to 3.69% in the first half of January.
Edgewell Personal Care (NYSE:EPC) Reports Q4 In Line With Expectations, Stock Soars
Personal care company Edgewell Personal Care (NYSE:EPC) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 2.1% year on year to $478.4 million. Its non-GAAP profit of $0.07 per share was 41.5% below analysts’ consensus estimates.
BP shares jump as oil giant targeted by activist investor
BP shares have surged after it emerged that activist hedge fund Elliott has built a stake in the oil giant.