Wall Street Banks Prepare to Sell Billions of Dollars of X Loans
Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.
Business & Finance
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Canada to Provide $720 Million to Canada Post to Avoid Insolvency at Mail Service
The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.
Amazon Willing to Discuss Quebec Shutdown With Canadian Officials
Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to 1,700 people losing their jobs.
Target Drops DEI Goals and Ends Program to Boost Black Suppliers
Once a stalwart supporter of Black and LGBTQ rights, the retailer joined corporate America’s retreat from DEI initiatives.
Energy & Utilities Roundup: Market Talk
Find insight on Cnooc, YTL Power International, Ampol, and more in the latest Market Talks covering energy and utilities.
Basic Materials Roundup: Market Talk
Find insight on CSX, Givaudan, Rio Tinto and more in the latest Market Talks covering basic materials.
Auto & Transport Roundup: Market Talk
Read about CSX, Magna International, Alaska Air and more in the latest Market Talks covering the auto and transport sector.
Financial Services Roundup: Market Talk
Find insight on Banca Monte dei Paschi di Siena’s bid for Mediobanca, Travelers and more in the latest Market Talks covering financial services.
Novo Nordisk Shares Surge on New Obesity Drug Results
Novo Nordisk shares rose sharply after the Danish pharmaceutical giant said an experimental weight-loss shot helped patients lose 22% of their body weight in a clinical trial.
EU Conditionally Approves International Paper's $7.16 Billion DS Smith Buy
The European Commission said that the parties’ offer to sell five of International Paper’s plants in Europe fully addresses its competition concerns over the deal.
Google to Put Warnings on U.K. Businesses Using Fake Online Reviews
The search giant has offered to start punishing British businesses that boost their star ratings with fake reviews and the people that post them, ending the U.K. competition watchdog’s investigation into online reviews.
Ericsson Shares Slump as Earnings Hit by Weakness Outside of Core Networks Business
The company’s shares fell to the bottom of the Stoxx Europe 600 index as higher operating costs and weakness in some of its business units dented earnings.
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AI investment ‘advice’ is 50% more likely to pump you up — and trip you into costly blunders
AI fuels impulsive actions — a human ‘defense coach’ is your best bet to win the market’s ‘loser’s game.’
MarketWatch Top Stories -
Gold Steady as Traders Track Hormuz Stalemate, Inflation Risks
Gold was steady as traders assessed the deadlock in the Strait of Hormuz that has sent oil prices higher and added further fuel to inflation concerns.
Bloomberg Markets -
Oil price charts produced a pattern not seen in 36 years. What happened last time?
Brent crude futures charts produced a technical pattern that hasn’t been seen in 36 years, and what that could mean for oil prices.
MarketWatch Top Stories -
GameStop Shares Roiled by Short-Lived Roaring Kitty Posts
GameStop Corp. shares spiked and then quickly dropped in postmarket trading Monday after cryptic social media posts showed up and then disappeared from the social media account of Keith Gill, the f…
Bloomberg Markets -
US Unleashes Another Wave of Emergency Oil as Gas Prices Bite
The US Strategic Petroleum Reserve awarded 53.3 million barrels to companies including oil trader Trafigura Group and US refiner Marathon Petroleum Corp, adding to a wave of oil released to help ta…
Bloomberg Markets -
Gen Z Shoppers Driving Traffic Growth at Simon’s Malls, CEO Says
Mall owner Simon Property Group Inc. is seeing strong interest from Gen Z shoppers and the brands that target them, Chief Executive Officer Eli Simon said on a call with investors.
Bloomberg Markets -
Oil Holds Gain as Trump Casts Doubt Over Ceasefire With Iran
Oil steadied as US President Donald Trump cast doubt over the ceasefire with Iran after rejecting Tehran’s latest peace offer, prolonging the effective closure of the vital Strait of Hormuz.
Bloomberg Markets -
Americans Who Were On Hantavirus Ship Back In US— Should You Worry About Outbreak? Doctor Weighs In
18 Americans who were on the hantavirus-hit luxury cruise ship arrived back to the United States early Monday.
Forbes Business -
Asian Stocks to Rise, Oil Gains on Iran Deadlock: Markets Wrap
Asian stocks looked set to rise as traders stayed bullish on the AI trade even as the US and Iran failed to reach any peace deal. Oil climbed and Treasuries fell.
Bloomberg Markets -
China Investors Bet Xi-Trump Meet to Extend Trade-Detente Rally
China investors are counting on the summit between Xi Jinping and Donald Trump to deliver just enough to sustain the detente trade underpinning stocks and the yuan.
Bloomberg Markets -
Sunshine Silver Files for IPO Seeking Funds to Reopen Idaho Mine
Sunshine Silver Mining & Refining Co. filed for a US initial public offering, and is seeking funds to restart a mine in Idaho that previously produced silver, antimony and other minerals.
Bloomberg Markets -
Jennifer Harmon, Cathy Craig Lord On ‘One Life To Live,’ Dies At 82
Jennifer Harmon, a stage and screen actress who earned a Daytime Emmy nomination for her work on the ABC daytime drama "One Life to Live," from 1976 to 1978, has died.
Forbes Business -
Here’s the next AI ‘battleground’ — and how investors can get in on the action
Lumentum’s stock has been red hot, but there are plenty of lesser-known ways to capitalize on the growing connectivity needs of AI data centers, according to Bernstein.
MarketWatch Top Stories -
AST SpaceMobile’s stock drops as earnings come with a big disappointment
Investors had been excited early Monday about speed breakthroughs at the satellite company. But the after-hours earnings report showed a sizable revenue miss.
MarketWatch Top Stories -
Ackman’s Pershing Seeks to Toss Suit Over Howard Hughes Deal
Pershing Square sought to toss what it called a “facially defective” shareholder lawsuit accusing founder Bill Ackman of bullying Howard Hughes Holdings Inc. directors into a deal that increased th…
Bloomberg Markets -
Stocks are hitting record highs even as Iran war drags on. How long can it last?
The S&P 500 finished above 7,400 for the first time ever but Wall Street’s ‘fear gauge’ also spiked
MarketWatch Top Stories -
‘I’m not an extravagant spender’: I’m in my 70s with a $90,000 income. Can I afford my dream home with a pool?
“My current house is all paid off, and it’s worth $650,000.”
MarketWatch Top Stories -
Another Record Setting Day for US Equities | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bl…
Bloomberg Markets -
Cash-strapped homeowners may soon have no choice but to repair their aging houses. These stocks can benefit.
Home Depot and Lowe’s have struggled this year, but UBS analysts say they’re due to benefit as homeowners reach a tipping point with units built during the mid-2000s housing boom.
MarketWatch Top Stories -
Central Banks in Wait-and-See Mode: Kochugovindan
Aberdeen Senior Research Economist Sree Kochugovindan, says inflation expectations remain anchored for now and monetary policy remains on hold for the BOE, ECB and the Federal Reserve for the rest …
Bloomberg Markets -
Figuring out how to watch NBA playoff games has been a struggle. And — sorry, sports fans — it’s only getting worse.
NBA playoff games have been split up among myriad networks and streaming services, leaving fans scratching their heads about where to find the games. Matters become a bit simpler in the later round…
MarketWatch Top Stories -
Larry Fink ‘Quite Bullish’ on Opportunity to Invest in Venezuela
BlackRock Inc. Chief Executive Officer Larry Fink expressed optimism about investing in Venezuela following the overhaul sparked by Nicolas Maduro’s removal.
Bloomberg Markets -
Iren’s stock pulls back as investors assess the steep price of the AI buildout
Iren will take on debt in the wake of its new Nvidia partnership. One analyst said Monday’s stock drop is an overreaction.
MarketWatch Top Stories -
Strategy’s Michael Saylor raps about how he gets shareholders to pay for bitcoin buys
Strategy has sold more common stock to buy bitcoin, and Executive Chair Michael Saylor has posted a video on X in which he raps about using the “equity ATM” in an effort to hurt those who bet again…
MarketWatch Top Stories -
Market Still Expecting Strait of Hormuz to Reopen: Renaud-Chatelain
Pictet Wealth Management Senior Fixed Income Strategist Laureline Renaud-Chatelain says short-term inflation rates have not priced in the worse-case scenario of an extended closure of the Strait of…
Bloomberg Markets -
Iran's Hormuz Standoff Just Rewired Trump's Beijing Summit With Xi
With the US-Iran ceasefire on "massive life support" and the Strait of Hormuz still shut, Trump arrives in Beijing weaker than planned. Energy now defines the Xi summit.
Forbes Business -
Hims’ Pivot to Branded Obesity Drugs Comes With Rising Costs
Hims & Hers Health Inc. reported a first-quarter loss and sales that missed Wall Street estimates as it faces higher costs associated with its strategic pivot to branded weight-loss medications.
Bloomberg Markets -
DRAM's First-Month Surge, Corgi Launches Record 34 ETFs | ETF IQ 5/11/2026
"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: Mayuranki De, Raymond James …
Bloomberg Markets -
All Passengers Are Off The Hantavirus-Stricken Cruise Ship (Latest Updates)
One of the American evacuees tested positive while another is showing mild symptoms, the HHS said.
Forbes Business -
Advent, ADIA-Backed Power Equipment Firm Innio Files for IPO
Gas engine manufacturer Innio Holding GmbH filed for a US initial public offering, joining a slew of industrial companies looking to tap the surge in data center spending.
Bloomberg Markets -
Lighthouse Cafe To Open At Montauk Point State Park This June
The waterfront venue will offer all-day service, plus a full bar and luxury apparel shop.
Forbes Business -
Ilya Sutskever Testifies He Holds $7 Billion OpenAI Stake—Second New Billionaire Revealed In Musk-Altman Trial
The OpenAI cofounder testified during the third week of the trial, following OpenAI president Greg Brockman and Microsoft CEO Satya Nadella.
Forbes Business -
Trump’s Approval Rating Still Below 40% As Half Of Republicans Blame Trump For High Gas Prices
Trump had a 36% approval rating in the latest poll released Monday.
Forbes Business -
If Vox Media Sells Its Brands To James Murdoch, Are Digital Media Companies Done?
Vox Media may sell many of its most valuable brands to James Murdoch, questioning the assumption that a brand-driven digital media company can survive.
Forbes Business -
IndyCar Changes Qualification Format For 110th Indianapolis 500
With no need for a Last Chance Qualifying Round, IndyCar added another round to the May 17 final day of Indy 500 Qualfications with drivers competing to make the Fast 12.
Forbes Business -
Scale, Pricing Power for Fee Compression: Wallace
Ally Wallace, Global Head of ETFs at Morgan Stanley Investment Management, joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." (Source: Bloomberg)
Bloomberg Markets -
Radio Station Owner Spanish Broadcasting Files Bankruptcy
Radio station owner Spanish Broadcasting System Inc. filed for bankruptcy on Monday after announcing plans to hand ownership to noteholders in exchange for restructuring the debt.
Bloomberg Markets -
Trump Signing Orders Targeting Beef Prices After 16% Surge In Past Year
The two orders would temporarily slash beef import tariffs as grocery costs loom over the November midterms.
Forbes Business -
Silver Price Jumps The Most In Months—Could Record Highs Return?
Silver neared the $90 mark for the first time in two months Monday as some analysts suggest it could again approach record-high prices later this year.
Forbes Business -
IndyCar Returns To ‘Jerry World’ With Grand Prix Of Arlington In 2027
IndyCar will return to the Java House Grand Prix of Arlington as the 2027 dates were announced on May 11. A look at why the inaugural race success was a huge success.
Forbes Business -
Scottie Scheffler Looks To Repeat At The 2026 PGA Championship. Here’s How To Watch
The 2026 PGA Championship returns to Aronimink for the first time in 64 years. Here’s the tee times, TV schedule, streaming details and how to watch every round live.
Forbes Business -
Ramaphosa Shuns Calls to Resign as Lawmakers Prepare Inquiry
South African President Cyril Ramaphosa said he would contest a report that criticized his handling of a robbery at his farm in 2020 after a ruling by the nation’s top court resurrected the scandal…
Bloomberg Markets -
Golf’s Biggest Spectator Problem Is Becoming A 5G Business Opportunity
At the PGA Championship, connectivity is doing more than enhancing coverage, it’s positioning live sports as a proving ground for enterprise tech.
Forbes Business -
Ronda Rousey Vs. Gina Carano Full Fight Card Set With 11 Bouts
Ronda Rousey and Gina Carano return to women’s mixed martial arts after a decade to headline MVP MMA 1 on May 16. Here’s the full fight card, start time and how to watch live.
Forbes Business -
Elon Musk and Tim Cook among CEOs expected to accompany Trump on China trip
A total of 17 US executives are set to join the president on his visit, where he will meet his Chinese counterpart Xi Jinping.
BBC Business -
Texas Sues Netflix For Allegedly ‘Spying’ On Customers
Texas Attorney General Ken Paxton claimed the streaming service’s data collection and targeted ads amounted to “spying” on customers.
Forbes Business -
‘Mortal Kombat III’: Here’s Good News For Fans Hoping For Sequel
“Mortal Kombat II” had a strong opening in theaters worldwide over the weekend, which naturally begs the question of whether there will be a “Mortal Kombat III.”
Forbes Business -
Blake Lively Vs. Justin Baldoni— Why The Settlement Isn't The End Of Their Legal Fight: Attorney
Despite both sides agreeing to a settlement two weeks before they were headed to trial, Blake Lively and Justin Baldoni's contentious legal fight isn't over.
Forbes Business -
Prison Reform Has Become A Conservative Initiative
Liberals have often cited the need for criminal justice reform. However, it is conservatives that appear to making more headway.
Forbes Business -
Nvidia’s Jensen Huang Nears $200 Billion Club—Overtakes Michael Dell As 7th Richest
Shares of the world’s largest company approached another record.
Forbes Business