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Wall Street Says ‘Timeout Called’ as Rally Wanes: Markets Wrap

Wall Street’s torrid surge from April’s meltdown is showing signs of exhaustion as stock traders await fresh catalysts amid risks stemming from a labor-market slowdown to sticky inflation. While the S&P 500 has defied September’s gloomy reputation as the worst...

Brazil’s 7.5% Tax Bill Plan Rattles LCA, LCI Markets

Brazil President Luiz Inacio Lula da Silva’s administration is racing to balance public accounts ahead of next year’s elections, with the economic team now focused on offsetting the IOF tax. One option under debate is raising the proposed income tax on Agribusiness...

Apollo Targets Wealthy Europeans With New Private Capital Funds

Apollo Global Management Inc. is rolling out three new private capital funds for wealthy individual investors in Europe, intensifying the competition for a group seen as key to the growth of private markets. The three new funds will broaden access to Apollo’s European...

Nvidia’s OpenAI Deal Fuels ‘Circular’ Financing Concerns

Three years after OpenAI and Nvidia Corp. helped kick off the global artificial intelligence frenzy, the two firms are joining forces to pave the way for a more costly phase of development with a deal that’s quickly revived fears of an AI bubble. Nvidia on Monday said...

Guterres Warns World Has Entered Age of ‘Reckless Disruption’

UN Secretary-General Antonio Guterres warned the world had entered an age of “reckless disruption and relentless human suffering” as he offered a pessimistic global outlook to world leaders gathered in New York. Guterres lamented “sovereign nations invaded, hunger...

An $800 Billion Revenue Shortfall Threatens AI Future, Bain Says

Artificial intelligence companies like OpenAI have been quick to unveil plans for spending hundreds of billions of dollars on data centers, but they have been slower to show how they will pull in revenue to cover all those expenses. Now, the consulting firm Bain &...

US IPO Rebound Does Little to Dent Private Markets’ Rapid Growth

Investment bankers are cheering the recovery in US first-time stock sales. But the revival comes too late to halt a decades-long slump in the number of public companies amid the unchecked growth of private markets. The number of American public companies stood at...

Dollar Nears a Three-Year Low Ahead of FOMC’s Rate Decision

Bloomberg’s gauge of the dollar approached its lowest level since March 2022 ahead of the Federal Reserve decision, where policymakers are expected to resume cutting interest rates to prop up a weakening labor market. The Bloomberg Dollar Spot Index was little...

Ralph Lauren Slips as Three-Year Sales Guidance Disappoints

Ralph Lauren Corp. sees revenue growth remaining similar to recent rates over the next three years, according to the preppy fashion company’s latest strategic outlook. The New York-based retailer is projecting sales to grow at a mid-single-digit percentage annually...

Wall Street Raises Alarm on Trump Ending Quarterly Earnings

For more than half a century publicly-traded US corporations have reported earnings at quarterly intervals, but during an early-morning wave of social media posts on Monday, President Donald Trump reignited a long-standing debate over the requirement. Trump is pushing...