Market Business Insider Sweep...The world is a mixed-up place at present

 BUSINESS INSIDER 14h

US stocks fall amid tech earnings while weak Treasury auction sends bond yields higher

Tech shares plunged Wednesday amid weak earnings and a fresh a rise in bond yields, with the 10-year US Treasury rebounding to 4.94%.

BUSINESS INSIDER 14h

Bill Ackman rakes in $200 million from his bet against 30-year Treasury bonds, report says

Profits from the short bet on Treasuries helped Pershing Square's $13 billion flagship gain 11.6% this year through mid-October.

BUSINESS INSIDER 15h

Alphabet sees $165 billion in market cap wiped after cloud business growth disappoints Wall Street

The Google-parent was on track for its biggest one-day drop in market cap as Tuesday's earnings report showed cloud sales growth slowed last quarter.

BUSINESS INSIDER 15h

The US is headed for recession, but a key difference from past downturns could make it milder, Apollo chief economist says

Unlike previous recessions, any potential slowdown this time around would be "engineered" by the Fed, said Apollo chief economist Torsten Sløk. 

INSERT

Markets in an Era of Clashing Superpowers

A world of falling cooperation and rising political polarization is a world of higher interest rates where valuations matter again. 

October 25, 2023 at 9:01 PM PDT

By John Authers

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

Taking Cover: The New York Stock Exchange on a rainy day in October.

Photographer: Michael Nagle/Bloomberg via Getty Images

Before it’s here, it’s on the Bloomberg Terminal

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Are we entering a new era? And does it matter?

The world is a mixed-up place at present. The situation in Israel is suddenly its most violent in half a century, while a once-unimaginable war in Ukraine drags on with little sign of resolution. Relations between the US and China are deteriorating rapidly, almost as if Richard Nixon’s visit to Mao Zedong in 1972 had never happened. The US House of Representatives fired its speaker and then needed three weeks to agree on an ultra-conservative alternative. And, back on Points of Return’s normal territory, inflation has returned and the interest rates to control it are the highest in a generation.