Daybreak Weekend: US PCE, Iceland Eco Conference, Australia CPI

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S PCE and personal spending data, along with a focus on three stocks for the week ahead. In the UK – a look ahead to the Reykjavík Economic Confer…

Asian Stocks Rise on Optimism Over US-Iran Talks

Business and finance news from the Asia-Pacific. Asian stocks and US equity-index futures advanced on optimism that the US-Iran talks could lead to a peace deal. However, concerns over a prolonged closure of the Strait of Hormuz have unsettled investors, pushing bond yields higher recently amid fe…

Nvidia Earnings Beat, SpaceX Files IPO, Samsung Reaches Deal to Avoid Strike

Business and finance news from the Asia-Pacific. Nvidia Corp. aims to rely less on giant data center operators and predicts other businesses and governments will become a bigger source of revenue for its chips and computing products to support artificial intelligence ambitions. The company faces g…

Stocks Drop as Iran Concerns Linger, RBA on Inflation

Equities declined as concerns around Iran lingered even after President Donald Trump said he was holding off on fresh strikes on the Middle East country. Oil fell. Brent crude slipped 2% to about $110 a barrel, after earlier falling 2.8%. Trump said plans for a strike on Iran were called off follow…

US Says China Agrees to Spend Billions on Agricultural Goods

China has agreed to purchase at least $17 billion of agricultural products from the US annually through 2028, the White House said in a fact sheet detailing President Donald Trump's two-day summit in China. A day earlier, the Chinese Ministry of Commerce released its own readout of the meeting, whi…

Daybreak Weekend: Nvidia Earnings, Europe Airlines, Japan GDP

Bloomberg Daybreak Weekend with Host John Tucker take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to earnings from Nvidia and a focus on three stocks for the week ahead. In the UK – a look ahead to earnings from Europe’s largest low-cost airlines. In…

AI Momentum Drives Stocks, US Trade Representative Jamieson Greer

AI optimism, strong corporate earnings and a resilient economy have powered stocks to successive record highs, driven by bets that spending on artificial intelligence will continue to fuel growth. The rally has also overshadowed mounting concerns that crude oil above $100 a barrel could reignite in…

Nasdaq Futures Rise, Focus Turns to Trump-Xi Meet

US equity-index futures advanced as traders bet the record-breaking rally driven by enthusiasm for the artificial intelligence trade has further room to run. The gains in equities masked worries about inflation that have driven bets the Federal Reserve will raise interest rates next year. Treasurie…

Stocks Affected By Hot US Inflation Data, Trump Heads to China

It should not be surprising that war in Iran is producing higher inflation in the US. There was higher gasoline in grocery prices sending headline CPI up last month at an annual rate of 3.8%, and that news in turn sent US treasury yields higher right across the curve. This fueled speculation that t…

Stocks Shrug Off Iran War, Australia Budget Preview

Asian stocks edged up 0.4% to near their record as traders stayed bullish on the AI trade. Meantime, crude oil gained and bonds dropped after President Donald Trump cast doubts over the ceasefire with Iran, prolonging the closure of the Strait of Hormuz and keeping energy prices elevated. We heard …