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Stock Rotation Hits Megacaps on Bets Fed Will Cut: Markets Wrap

(Bloomberg) — Wall Street traders betting the Federal Reserve will be able to cut interest rates soon sent bond yields tumbling — while driving a strong stock-market rotation. Most Read from Bloomberg Further signs that inflation is slowing down fueled…

NATO leaders look to ‘Trump-proof’ the military alliance

Former U.S. president Donald Trump pictured during a meeting with NATO Secretary-General Jens Stoltenberg at Winfield House, London on Dec. 3, 2019. NICHOLAS KAMM | AFP | Getty Images As NATO celebrates its 75th anniversary with a summit in Washington…

Australia accuses China-backed hackers of breaching government networks

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Australia, backed by allies including the US, UK and Japan, has accused a Chinese state-backed cyber hacking group of targeting…

Elliott activist campaign at Southwest Airlines puzzles shareholders

Travelers wait to check in at the Southwest Airlines counter at Oakland International Airport in Oakland, California, Dec. 27, 2022. David Paul Morris | Bloomberg | Getty Images After Elliott Management revealed a $1.9 billion stake in Southwest Airlines in…

Business

App compatibility, battery life shine

With Microsoft’s new Surface Pro Flex Keyboard, you can type and use the trackpad without the accessory being physically connected to the 11th edition of the Surface Pro. Jordan Novet | CNBC When Microsoft announced its new line of Windows…

Not the US, says study

From recent graduates to wealthy professionals, many Brits are considering moving abroad these days. And the motivating force for many is clear: money. Over half of British workers (52%) have considered leaving the United Kingdom for better working opportunities abroad,…

Stocks making the biggest moves midday: CHWY, GME, BA, NCLH

Check out the companies making headlines in midday trading: Chewy , GameStop — Chewy’s stock dropped about 6% after a regulatory filing showed meme stock trader Keith Gill, who is also known as “Roaring Kitty,” bought nine million shares, amounting…

Business

Bitcoin windfall comes for Mt. Gox creditors after 10,000% price spike

Users of collapsed bitcoin exchange Mt. Gox have been trying to get their money back for a decade. From the beginning of July, the company will begin paying users back their funds. Kiyoshi Ota | Bloomberg | Getty Images Mt….

$30,000 EV coming in two and a half years, at a profit

An electric Ford truck is displayed during the Electrify Expo D.C. in Washington, D.C., on July 23, 2023. Nathan Howard | Getty Images Ford Motor expects to introduce a $30,000 all-electric vehicle that will be profitable in roughly two and…

U.S. needs major nuclear power expansion, Southern Company CEO says

The United States needs to build a significant number of nuclear plants to supply surging energy demand while also meeting climate goals, the CEO of Southern Company said at an event on Thursday. “This country will need more nuclear plants…