U.S. stocks fluctuated near all-time highs as traders assessed a rally that's added more than $5 trillion to equities this year. The S&P 500 Index extended its 2019 advance to almost 30% and the Nasdaq Composite Index was little changed after jumping above 9,000 for the first time. —Josh Petri Here are today's top storiesBanks around the world are unveiling the biggest round of job cuts in four years as they slash costs to weather a slowing economy. Traders braved everything from populist rage to the shale revolution. This is the tale of global markets over a decade of "fire and ice." Shares of Saudi Aramco have shot up 10% since its record-setting $25.6 billion initial public offering earlier this month. That's got bearish traders wondering whether they can short shares of the Gulf oil giant. Tesla secured a tax break in China just days before the delivery of its first locally built cars, a major milestone for the company. The man who claims he invented Bitcoin and was ordered by a judge to surrender about $3 billion of his holdings said he may not be able to do so anytime soon. The former chairman of struggling lender Hengfeng Bank Co. has been sentenced to death by a Chinese court for making illegal gains of over $100 million. What's Tyler Cowen thinking about? The Bloomberg Opinion columnist says the 2010s were pretty thrilling if you liked music, books, TV or movies by or about women. What you'll need to know tomorrow What you'll want to read in Bloomberg TechnologyPredicting the future is hard, even for the people with the most power to influence it. In 2013, Jeff Bezos said he expected Amazon would be delivering packages by drone in four to five years. Here we are seven years later and the flying delivery robots Bezos envisioned are still at the testing stage. Of course, Bezos isn't the only tech titan who failed to meet deadlines over the past decade. Here's a look back at how some of the industry's predictions for 2020 fared.  Attendees walk past a Virgin Hyperloop One XP-1 pod outside at the 2018 Consumer Electronics Show in Las Vegas. Photographer: Patrick T. Fallon/Bloomberg Like Bloomberg's Evening Briefing? Subscribe to Bloomberg.com. You'll get our unmatched global news coverage and two premium daily newsletters, The Bloomberg Open and The Bloomberg Close, and much, much more. See our limited-time introductory offer. Sign up for the Bloomberg Recession Tracker: Bloomberg Economics crunches the numbers every month using our proprietary model to reveal the probability of a downturn over the next year. We'll deliver an updated assessment of all relevant indicators, directly to your inbox. This free newsletter includes analysis showing whether recession risk is increasing or decreasing, with comparisons to the past month's performance as well as previous recessions. Sign up here. Download the Bloomberg app: It's available for iOS and Android. Before it's here, it's on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can't find anywhere else. Learn more. | 
Post a Comment