BLOOMBERG Porsche AG’s first-quarter earnings jumped as luxury carmakers continued to show gains despite a slowing global economy. Operating profit rose to €1.84 billion ($2.03 billion) while revenue increased to €10.1 billion in the first quarter, the company said. That’s roughly 25% higher than 2022, though it failed to impress investors watching for aggressive price increases. Porsche shares fell as …

BLOOMBERG US futures and European stocks advanced, bouncing from losses, ahead of a Federal Reserve meeting at which policymakers are expected to extend their rate-hike cycle. Contracts on the S&P 500 and the Dow were higher, after underlying stocks slid in the prior session. Regional US lenders PacWest Bancorp and Western Alliance Bancorp fell in premarket trading, adding to the …

BLOOMBERG Investors have added almost $600 million to bets that an emerging-market index dominated by Chinese stocks will lose money. Short selling of the $71 billion Vanguard FTSE Emerging Markets exchange traded fund (ETF), which tracks an index heavy on Chinese A shares, surged in the past six weeks to $1.12 billion, or 1.6% of the fund, according to IHS …