European markets closed at a record high Friday, as stocks tracked higher on news of China’s stimulus blitz and investors assessed fresh inflation data.
Commerzbank and UniCredit hold talks as takeover prospect looms
Commerzbank and UniCredit began initial talks Friday, with the German bank on the defensive over a potential takeover.
French inflation cools more than expected in September as energy prices, transport costs decline
France’s harmonized inflation rate fell sharply in September, preliminary data from the National Institute of Statistics and Economic Studies showed Friday.
For Plan Sponsors: Understanding Investment Vehicles and Fees
Plan sponsors would be wise to focus on investment vehicle choice and fee structure. Share class choice impacts fees and investment performance.
China’s industrial profits plunge by 17.8% in August from a year ago
China’s industrial profits plunged by 17.8% in August from a year ago, the National Bureau of Statistics said Friday.
Sam Altman tells OpenAI staff there’s no plan for him to receive ‘giant equity stake’ in company
At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied reports that he received a “giant equity stake” in the company.
The Fed slashed interest rates last week, but Treasury yields are rising. What’s going on?
Despite a 50 basis point rate reduction, Treasury yields have been moving higher, particularly at the long end of the curve.
Barclays names 5 global stocks that could benefit from China’s stimulus — giving one over 100% upside
One of the stocks was given more than 100% upside potential over the next 12 months.
David Tepper’s big bet after the Fed rate cut was to buy ‘everything’ related to China
The billionaire founder of Appaloosa Management said he may have doubled his limit on China equities with this move.
Hong Kong shares climb over 2% as China stimulus measures come into effect; Asia markets mostly gain
Hong Kong’s Hang Seng index rose over 3% on its open, leading gains in Asia while mainland China’s CSI 300 was up 2.86%.