News

Stocks Get Late-Day Boost on Shutdown-Deal Hopes: Markets Wrap

Wall Street saw a sharp bounce from session lows amid hopes that US lawmakers are getting closer to a deal ending the longest shutdown in American history. Crypto trimmed this week’s plunge.

Wall Street Sounds Alarm on SNAP Cuts Amid Peak Shopping Season

As the US government shutdown stretches further into November and threatens holiday spending, one casualty of the budget impasse feared to hit sales of major grocers and their suppliers: the delay of monthly federal food assistance.

US Consumer Sentiment Declines to Near Lowest on Record

US consumer sentiment tumbled to near the lowest on record as the government shutdown weighed on the economic outlook and high prices soured views about personal finances.

Crypto Bear Market Wipes Out Almost Entire 2025 Value Gain

It took just over a month for cryptocurrencies to erase almost all of this year’s market value gains.

Rare Inflation Flip Gives Emerging Markets Edge on Rich Nations

A rare turn in global inflation trends is expected to inject fresh momentum into this year’s rally in emerging-market bonds.

Senegal’s Sonko Opposes Debt Restructuring Amid Financial Strain

Senegal’s Prime Minister Ousmane Sonko voiced opposition to a proposed restructuring of the country’s debt, signaling the government’s determination to maintain financial sovereignty and preserve market access.

Top Rice Importer Philippines Sets Rules on Tariff Changes

President Ferdinand Marcos Jr. has set guidelines on planned changes in tariffs for rice to the Philippines, the world’s top importer, starting in 2026.

Visa, Mastercard Near Settlement of Dispute With Merchants: WSJ

Visa and Mastercard are close to settling a 20-year legal spat with merchants, the Wall Street Journal reported, citing unidentified people familiar with the matter.

Guinea Top Court Approves Junta Leader Bid for Presidential Vote

The Supreme Court of Guinea, a west African nation that’s the world’s biggest exporter of bauxite, approved military junta leader General Mamadi Doumbouya’s bid to run in the Dec. 28 presidential election.

SSE Is Said to Explore Funding Options Including Share Sale

SSE Plc is exploring funding options, including a share sale that could raise billions of pounds, as the utility seeks capital to meet a grid spending boost, according to people familiar with the matter.

Colombia’s ‘Cowboy’ Bond Chief Engineers Rally Loaded With Risks

Javier Cuellar, who arrived at the Finance Ministry in July as an unknown to traders on Wall Street, has quickly turned into one of the most recognizable names in Latin American debt markets.

Stock Movers: Tesla, Expedia, Sweetgreen (Podcast)

Source: Bloomberg, 5:40

Trump Media Stock Slump Deepens as Election Bump Erased, Losses Mount

Less than one year into Donald Trump’s second term and the post-election ebullience has evaporated from shares of his social media company as sales stagnate and profitability remains elusive.

Hedge Funds Ramp Up Crypto Use After Trump’s Regulatory Push

President Donald Trump’s friendly embrace is doing what bull markets alone couldn’t: Pulling mainstream hedge funds deeper into crypto after years of resistance.

Bitcoin Traders See More Peril After $300 Billion Crypto Selloff

Bitcoin is headed for what could be its worst week since early March, with few signs that investors are getting ready to buy the dip after a rout that erased about $300 billion of digital-asset market value.

Ripple President Long Says ‘No Plan, No Timeline’ for an IPO

Ripple, the crypto-focused financial technology firm, doesn’t have any immediate plans to join the scores of digital asset companies that have recently gone public or expressed aspirations to do so in the near future.

Zohran Mamdani Makes Many Promises for New York, Can He Deliver?

The Vaccine Myth That Just Won’t Die: What It’s Costing Pediatricians

Wall Street Week | Mamdani’s Win, Tariffs Fight, Pediatrics, Protein Boom

Trump Tariffs on Trial: What’s at Stake in Supreme Court Landmark Case

Japan’s ‘Zombie’ Companies Begin to Disappear in Sign of Renewal

Japan Needs Foreign Workers. Its Far Right Is Turning Against Them

Private Equity Giants Size Up a Fresh Market in Japan

The Business Traveler’s Guide to Tokyo

Pacifist Japan Starts Investing in Defense Startups

The Viral Milk That Helped Set Off America's Protein Boom

Lots More on the Worsening State of the US Labor Market

Dmitry Shevelenko on Perplexity's Vision for Reshaping the Internet

San Francisco’s New Mayor on Homelessness, Unaffordability, and AI

Why ‘Payment-In-Kind’ Debt Is So Appealing — and Risky

When private equity firms buy up target companies, they rely on one major source of financial firepower — debt, and lots of it. But what happens when the interest on that debt jumps? For some, the answer is simple: Pay it later.

What Is Impact Investing? How Is It Different From ESG?

If global finance is turning away from ethical investing strategies in the “anti-woke” era, at least one corner of the industry didn’t get the memo.

SPACs Are Booming Again. Here’s How They Work.

SPACs, the speculative investment vehicles that surged in popularity five years ago, are having a revival. SPACs, or special purpose acquisition companies, are shell companies with no underlying business that promise to buy other companies with money raised from investors.

Why Is the Philippine Peso So Weak and Who Benefits?

The Philippine peso fell to its weakest level ever against the US dollar in late October. While it’s since regained some ground, officials have signaled a tolerance for further depreciation and traders are keeping a close watch for any signs of central bank intervention.

Rare Inflation Flip Gives Emerging Markets Edge on Rich Nations

A rare turn in global inflation trends is expected to inject fresh momentum into this year’s rally in emerging-market bonds.

Senegal’s Sonko Opposes Debt Restructuring Amid Financial Strain

Senegal’s Prime Minister Ousmane Sonko voiced opposition to a proposed restructuring of the country’s debt, signaling the government’s determination to maintain financial sovereignty and preserve market access.

Top Rice Importer Philippines Sets Rules on Tariff Changes

President Ferdinand Marcos Jr. has set guidelines on planned changes in tariffs for rice to the Philippines, the world’s top importer, starting in 2026.

Visa, Mastercard Near Settlement of Dispute With Merchants: WSJ

Visa and Mastercard are close to settling a 20-year legal spat with merchants, the Wall Street Journal reported, citing unidentified people familiar with the matter.

Guinea Top Court Approves Junta Leader Bid for Presidential Vote

The Supreme Court of Guinea, a west African nation that’s the world’s biggest exporter of bauxite, approved military junta leader General Mamadi Doumbouya’s bid to run in the Dec. 28 presidential election.

SSE Is Said to Explore Funding Options Including Share Sale

SSE Plc is exploring funding options, including a share sale that could raise billions of pounds, as the utility seeks capital to meet a grid spending boost, according to people familiar with the matter.