AI Bias Analysis
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ENN Natural Gas Co.’s board terminated a planned restructuring, including a nearly $12 billion buyout offer for ENN Energy Holdings Ltd. and a second listing in Hong Kong.
Source
Bloomberg Markets
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Large UK retailers are hurrying the government to close a tax loophole that they say is helping cheap, Chinese products enter the country. Maddie Parker explains what a crackdown could mean for consumers. (Source: Bloomberg)
Stocks can continue climbing without a specific catalyst, despite recent volatility, as structural factors support higher valuations, according to HSBC Chief multi-asset strategist Max Kettner. “I don’t think there needs to be a catalyst,” said Kettner. He explained that we’re in a world of structurally higher nominal growth, and structurally higher revenue growth, meaning if company margins don’t change then earnings will continue to rise. Kettner joined Guy Johnson, Anna Edwards and Tom Mac
The S&P 500 index, where trillions in retirement savings are invested, said no to the SpaceX IPO, the biggest in history. Here's what that means for portfolios.
Gary Gensler, overseer of Wall Street for significant parts of the last two decades, has a message for anyone arguing sports betting is a matter for federal financial regulators: They’re wrong.
