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ECB’s Guindos Says Risk of Inflation Undershoot Isn’t Big

European Central Bank Vice President Luis de Guindos said the risk of undershooting the inflation goal isn’t elevated, even if the latest projections continue to show a period of price gains falling below 2%.

European Central Bank Vice President Luis de Guindos said the risk of undershooting the inflation goal isn’t elevated, even if the latest projections continue to show a period of price gains falling below 2%.
Bloomberg MarketsSep 18, 03:18 PM
CAP

US Judge Rules PDVSA Bonds Valid, Clearing Way for Citgo Sale

A federal judge in New York confirmed the validity of several bonds issued by Venezuela’s state-owned oil company, removing a major uncertainty in the court-ordered auction of Citgo’s parent.

A federal judge in New York confirmed the validity of several bonds issued by Venezuela’s state-owned oil company, removing a major uncertainty in the court-ordered auction of Citgo’s parent.
Bloomberg MarketsSep 18, 03:18 PM
CAP

Intel’s stock is soaring. Here’s why Nvidia is investing $5 billion in the chip maker.

Analysts say the new partnership could help Nvidia in the PC market and offer support to Intel’s server business — though they note the announcement doesn’t mention Intel’s foundry.

Analysts say the new partnership could help Nvidia in the PC market and offer support to Intel’s server business — though they note the announcement doesn’t mention Intel’s foundry.
MarketWatch - Top StoriesSep 18, 03:18 PM
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Continental Spinoff Aumovio Valued at €3.7 Billion in Debut

Auto supplier Aumovio started trading on the Frankfurt Stock Exchange on Thursday following a split from Continental AG, leaving the newly independent company to grapple with rising pressures for car parts makers as the German manufacturer refocuses on its tires division.

Auto supplier Aumovio started trading on the Frankfurt Stock Exchange on Thursday following a split from Continental AG, leaving the newly independent company to grapple with rising pressures for car parts makers as the German manufacturer refocuses on its tires division.
Bloomberg MarketsSep 18, 02:17 PM
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JPMorgan Said to Help Sell €200 Million of ECB’s Worldline Bonds

JPMorgan Chase & Co’s high-yield credit trading desk helped arrange the sale of a block of Worldline SA bonds held by the European Central Bank, according to people familiar with the matter.

JPMorgan Chase & Co’s high-yield credit trading desk helped arrange the sale of a block of Worldline SA bonds held by the European Central Bank, according to people familiar with the matter.
Bloomberg MarketsSep 18, 02:17 PM
CAP

US Initial Jobless Claims Drop by 33,000

Initial applications for jobless benefits in the US dropped by 33,000 to 231,000 in the week ended Sept.

Initial applications for jobless benefits in the US dropped by 33,000 to 231,000 in the week ended Sept. 13, according to Labor Department data. That's the biggest drop in almost four years. There was a large jump in claims the previous week. Bloomberg's Michael McKee reports. (Source: Bloomberg)
Bloomberg MarketsSep 18, 02:17 PM
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Big Tech, Small-Cap Stocks Rise in Aftermath of Fed’s Rate Cut

US equities jumped Thursday as a risk-on sentiment permeated Wall Street after the Federal Reserve delivered its first interest rate cut this year and signaled more ahead.

US equities jumped Thursday as a risk-on sentiment permeated Wall Street after the Federal Reserve delivered its first interest rate cut this year and signaled more ahead.
Bloomberg MarketsSep 18, 02:17 PM
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Meredith Whitney Flags Inflation Pain

Meredith Whitney, the CEO of Meredith Whitney Advisory Group, joins Bloomberg Open Interest to talk about why inflation is biting harder than official data shows, especially in insurance and services.

Meredith Whitney, the CEO of Meredith Whitney Advisory Group, joins Bloomberg Open Interest to talk about why inflation is biting harder than official data shows, especially in insurance and services. She says jobs are weak in leisure but rising in home health care. Housing is stuck as seniors stay put, dragging on spending. Over half of households live paycheck to paycheck, and younger borrowers face heavy student debt with defaults climbing. She also weighs in...
Bloomberg MarketsSep 18, 02:17 PM
CAP

Summers Says Fed Policy Is 'On the Loose Side'

Former Treasury Secretary Lawrence Summers said Federal Reserve policy is leaning toward being too slack.

Former Treasury Secretary Lawrence Summers said Federal Reserve policy is leaning toward being too slack. “My own guess is that policy is currently a little looser — looking at all financial conditions — than people view it as being,” Summers said on Bloomberg Television’s Wall Street Week with David Westin. (Source: Bloomberg)
Bloomberg MarketsSep 18, 01:26 PM