Stocks made a record high. Two big bearish trades point to skepticism
In the State Street SPDR S&P 500 ETF Trust (SPY), about an hour after the opening bell on Tuesday, someone traded a 100,000-lot put spread.
Used car prices fall in Q3, while demand for fuel-efficient vehicles grows
Used vehicle prices are forecast to fall more than previously expected this year, according to Cox Automotive.
France is caught between angry students and unforgiving bond markets
France’s student protests took a breather on Wednesday after weeks of unrest, but market pressure on the French government intensified ahead of budget talks.
ICE came to town and left behind weakened economies
Research links ICE enforcement surges to lasting declines in local spending, foot traffic and jobs. In Minneapolis, businesses are still recovering.
‘Get your house in order’: IMF chief’s stark warning for France over surging bond yields
France is facing a fresh political crisis, as its debt levels and borrowing costs continue to rise.
Rubio says Tehran missed ‘multiple’ chances for nuclear deal amid Iran stalemate
Iran has failed to take advantage of “multiple opportunities” to reach a deal on its nuclear program, Secretary of State Marco Rubio said Wednesday.
Google ordered to halt work on two data centers in ‘Texas of Europe’
Finland has emerged as a key location for data centers amid the AI boom.
Chevron CEO warns against ‘unwise’ diesel export ban, saying it could make things worse
His comments come as rising Middle East crude exports and an emergency G7 stockpile release appear to have helped to ease supply fears.
10-year Treasury yield backs off from 24-year high after solid bond auction eases demand fears
U.S. Treasury yields came off their highs after a solid sale of 10-year notes.
Jaguar unveils $130,000 electric vehicle two years after controversial rebrand
The launch comes as luxury rivals Ferrari and Bentley also push into EVs, seeking to test wealthy buyer’s appetite for going electric.
