Stocks

Bloomberg Asia’s earnings growth slowed considerably in the latest quarter, putting the region’s already lackluster stock markets further behind global peers. Third-quarter earnings per share grew by 36% for MSCI Asia Pacific Index members, a muted performance compared with the triple-digit gains in the first half thanks to the rebound from the pandemic, according to the latest earnings data compiled …

Bloomberg Bonds rallied from Europe to the US, with 30-year Treasury yields falling to the lowest since July, a move that was accelerated by traders unwinding their short bets. The 30-year US rate falls as much as 9 basis points to 1.79%, narrowing its gap with five-year yields to 72 basis points, within less than 1 basis point of the …

Bloomberg Tesla Inc lost about $199 billion in value during its biggest back-to-back selloff since September 2020 amid a host of negative news. The drumbeat of adverse headlines reached a crescendo after Elon Musk’s Twitter poll that asked voters over the weekend if he should sell 10% of his stake in the electric-vehicle company was followed by news of his …

Bloomberg SoftBank Group Corp. shares surged as much as 10% after the company said it would buy back as much as 1 trillion yen ($8.8 billion) of its own stock, reverting to a strategy that founder Masayoshi Son has used in the past to benefit investors. The Tokyo-based company made the announcement as it reported financial results for the September …

Bloomberg Veteran investor Mark Mobius has allocated almost half of his emerging-markets fund to India and Taiwan to help offset a slide in China shares that has dragged down returns from developing nations as a whole. “India is on a 50-year rally,” even if there are short bouts of bear markets, Mobius said in an interview on Bloomberg Television. “India …

Bloomberg Elon Musk’s social media followers have spoken: The Tesla Inc chief should sell 10% of his stake in the electric-car maker. A majority of 3.5 million Twitter users — 58% — said they’d support such a sale in a Twitter poll that Musk ran during the weekend. The stake would be valued at about $21 billion based on 170.5 …

Bloomberg The beginning of the end of cheap money was heralded as the moment emerging-market stocks would reverse a decade spent in the shadow of their developed-nation peers. It’s turning out to be anything but. After a three-week rally in October that briefly raised hopes of a comeback, the benchmark gauge for the group has sunk back, reaching a 20-year …

Bloomberg Warren Buffett has spent more money buying back Berkshire Hathaway Inc.’s stock in recent years than he did amassing his biggest equity bet on Apple Inc. Berkshire spent nearly $20 billion more repurchasing its own stock since the middle of 2018 than it deployed accumulating its Apple stake through the end of last year. In total, Buffett poured about …

Bloomberg After this year’s record-setting rally in equities, the list of things that could go wrong in 2022 is getting longer. From slower earnings and economic growth to surging inflation that could prompt central banks to tighten policies too quickly, stock investors face plenty of risks. That’s making some of Wall Street’s top brokers more cautious. Bank of America Corp …

Bloomberg Markets are bracing for a pivotal Federal Reserve meeting that’s expected to lay out a roadmap for tapering pandemic-era stimulus and perhaps provide clues about the timing of a liftoff in interest rates. The prospect of rising borrowing costs to fight inflation has roiled bonds and flattened the Treasury yield curve, suggesting a slower economic recovery lies ahead. But …