The recent stock market rally that has driven both the S&P 500 and Nasdaq 100 to records needs central banks to pivot back toward rate cuts to sustain its momentum, according to Christian Mueller-Glissmann , head of asset allocation research at Goldman Sachs Group Inc. Mueller-Glissmann described the recent equity rebound as a “fast and furious recovery phase” driven partly by technical factors, i...
The recent stock market rally that has driven both the S&P 500 and Nasdaq 100 to records needs central banks to pivot back toward rate cuts to sustain its momentum, according to Christian Mueller-Glissmann , head of asset allocation research at Goldman Sachs Group Inc. Mueller-Glissmann described the recent equity rebound as a “fast and furious recovery phase” driven partly by technical factors, including hedge funds that had previously sold down stocks to reduce risk and are now being forced to re-enter positions. Despite the S&P 500 appearing on track for three consecutive weeks of gains exceeding 3%, he questioned whether the rally is sustainable without monetary policy support. “In order to keep this recovery, this rally resuming, I think we need central banks to shift back a bit to where we were before,” Mueller-Glissmann told Bloomberg TV. “We need the rates relief to come in.” The Goldman strategist said while equities have rallied significantly, oil prices remain elevated and credit markets have lagged behind stocks. He attributed part of equity outperformance to greater exposure to technology stocks, which continue to “deliver good results.” Earnings Season Kicks Off With War, AI Threat Among Key Worries Before the Bell: Stocks Jump From Oversold to Overbought Hedge Funds Haven’t Caught Up to S&P 500’s Rally: Equity Insight This story was produced with the assistance of Bloomberg Automation.
Polestar Automotive Holding press release ( PSNY ): Q4 net loss of $799M Revenue of $887M (+54.3% Y/Y) beats by $77.4M . Revenue of USD 887 million, up by 54.3% from USD 575 million in the comparable period, driven predominantly by retail sales volumes and channel and product mix developments with a further positive contribution from carbon credits sales, lower residual value guarantee adjustment ...
Polestar Automotive Holding press release ( PSNY ): Q4 net loss of $799M Revenue of $887M (+54.3% Y/Y) beats by $77.4M . Revenue of USD 887 million, up by 54.3% from USD 575 million in the comparable period, driven predominantly by retail sales volumes and channel and product mix developments with a further positive contribution from carbon credits sales, lower residual value guarantee adjustment related to the North American markets and positive FX impact offset by pressure on pricing due to competitive and challenging pricing and market environment. Carbon credits sales totaled USD 88 million in the period from USD 11 million a year earlier, including USD nil million worth of carbon credits sales booked in other operating income (Q4 2024: USD nil million). Retail sales totaled 15,608 cars, up 27.3% YoY from 12,256 cars a year earlier, supported by retail expansion and an attractive model line-up. More on Polestar Automotive Holding Polestar Automotive: New Expansion Plans, But Old Concerns Persist Polestar Automotive Holding UK PLC (PSNY) Discusses Major Product Expansion and Sales Growth Strategy Update Transcript Polestar Q1 vehicle sales set quarterly record Polestar obtains $300M in equity financing Seeking Alpha’s Quant Rating on Polestar Automotive Holding
Broadcom (AVGO) has gained 26% since April 6, when it closed at $314.43, according to Yahoo Finance at the time of writing, Thursday afternoon, April 16. Meanwhile, the SPDR S&P 500 index (SPY) is up 6% in the same period. What has led to Broadcom outpacing the S&P 500 by roughly 20%? The ...
Broadcom (AVGO) has gained 26% since April 6, when it closed at $314.43, according to Yahoo Finance at the time of writing, Thursday afternoon, April 16. Meanwhile, the SPDR S&P 500 index (SPY) is up 6% in the same period. What has led to Broadcom outpacing the S&P 500 by roughly 20%? The ...
Adult video platform to sell minority stake to increase stability after death of its founder Leonid Radvinsky Business live – latest updates OnlyFans, the UK adult video platform , is in talks to sell a minority stake to a US investor that will value the business at more than $3bn (£2.2bn). The London-based company is in advanced talks to sell a stake of less than 20% to the San Francisco-based in...
Adult video platform to sell minority stake to increase stability after death of its founder Leonid Radvinsky Business live – latest updates OnlyFans, the UK adult video platform , is in talks to sell a minority stake to a US investor that will value the business at more than $3bn (£2.2bn). The London-based company is in advanced talks to sell a stake of less than 20% to the San Francisco-based investment firm Architect Capital, according to the Financial Times . Sources familiar with the process confirmed the talks to the Guardian. Continue reading...
Panuwat Dangsungnoen/iStock via Getty Images By Kelvin Wong Since the start of the ongoing recovery seen in the risk assets, such as global equities, last Wednesday, April 8, 2026, on the backdrop of the US-Iran ceasefire agreement, which put a pause to the seven-week war, the Dow Jones Industrial Average ( DJI ) has lagged behind the other three major US stock indices with a current loss of 0.8% ...
Panuwat Dangsungnoen/iStock via Getty Images By Kelvin Wong Since the start of the ongoing recovery seen in the risk assets, such as global equities, last Wednesday, April 8, 2026, on the backdrop of the US-Iran ceasefire agreement, which put a pause to the seven-week war, the Dow Jones Industrial Average ( DJI ) has lagged behind the other three major US stock indices with a current loss of 0.8% from pre-war baseline on February 27, 2026 to Thursday, April 16, 2026. In contrast, gains were recorded in the S&P 500 (+2.4%), small caps Russell 2000 (+3.3%), and the top performer, the higher-beta technology heavyweight, Nasdaq 100 (+5.5%) (see Fig. 1). Fig. 1: Global benchmark stock indices performances from Feb 27, 2026 to Apr 16, 2026 (Source: MacroMicro) The US Treasury yield curve bear flattening has reached a plateau Fig. 2: US Treasury yield curve (10-Yr minus 2-Yr) major trend as of April 17, 2026 (Source: TradingView) The Financials sector is the top sector in the DJI, with a weightage of around 27%, and Goldman Sachs ( GS ) is the top price-weighted component stock in the DJI with a weight of 11.4% as of Thursday, April 17, 2026. The underperformance of the Dow Jones Industrial Average has been underpinned by bear-flattening of the US Treasury yield curve (10-year minus 2-year), where the yield spread dropped by 11 basis points (bps) to hit an eight-month low of 0.48% on the week of March 16, 2026; such a shift typically signals tighter financial conditions, which can weigh on economic growth and pressure bank profitability. In the past five trading sessions, stagflation risk arising from a prolonged period of global oil supply crunch has eased, in turn reducing the odds of a hawkish monetary policy guidance from the US Federal Reserve. Hence, the 4 weeks of bear-flattening movement seen in the US Treasury yield curve have started to plateau, as the yield spread has increased by 5 bps to 0.53% at the time of writing (see Fig. 2). A bull re-steepening in the US...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Spencer Soper reports on a startup that says AI can help workers who lose their jobs — because of AI. Tech Across the Globe Musk’s chip factory: Elon Musk is pressing ahead with ambitious plans for a chip manufacturing plant called Terafab to supply his companies. See wha...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Spencer Soper reports on a startup that says AI can help workers who lose their jobs — because of AI. Tech Across the Globe Musk’s chip factory: Elon Musk is pressing ahead with ambitious plans for a chip manufacturing plant called Terafab to supply his companies. See what moves he has made . OpenAI’s model: The ChatGPT maker released an early version of an artificial intelligence model meant to speed up drug discoveries. The announcement drove some stocks down . Meta’s headset: The social media giant raised the prices of its Quest line of virtual reality headsets. Here’s why . Revalued Slash Financial, a financial services startup, raised $100 million from investors including Ribbit Capital. The deal valued the company at $1.4 billion . Slash, which says it is generating almost $300 million in annualized revenue, wants to take on larger fintech rivals such as Ramp and Brex. Searching for work Chieh Huang learned a lot after launching Boxed Wholesale from his parents’ New Jersey garage. Over the course of a decade, he built a highly automated warehouse, ramped to a peak of about 600 employees, went public on the New York Stock Exchange and ultimately tapped out with a 2023 bankruptcy filing . His once promising operation, which was often described as Costco in your smartphone because it specialized in bulk sizes of household goods ordered through an app, got sold off in pieces. Now the tech founder who cut hundreds of jobs — and has been laid off himself — is trying to convert those lessons into a comeback story. Huang thinks artificial intelligence, which threatens to displace millions of jobs globally, can make layoffs more humane and help displaced workers quickly find new roles. So AI is likely coming for your job. But it also might be coming to the rescue. “What we realized is no one has created a company to help all the people being d...
In recent trading, shares of BP PLC (Symbol: BP) have crossed above the average analyst 12-month target price of $46.47, changing hands for $47.63/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or,
In recent trading, shares of BP PLC (Symbol: BP) have crossed above the average analyst 12-month target price of $46.47, changing hands for $47.63/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or,
In recent trading, shares of Albemarle Corp. (Symbol: ALB) have crossed above the average analyst 12-month target price of $193.43, changing hands for $215.62/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on val
In recent trading, shares of Albemarle Corp. (Symbol: ALB) have crossed above the average analyst 12-month target price of $193.43, changing hands for $215.62/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on val
In recent trading, shares of Petroleo Brasileiro SA (Symbol: PBR) have crossed above the average analyst 12-month target price of $20.77, changing hands for $21.50/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade o
In recent trading, shares of Petroleo Brasileiro SA (Symbol: PBR) have crossed above the average analyst 12-month target price of $20.77, changing hands for $21.50/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade o
In recent trading, shares of Duolingo Inc (Symbol: DUOL) have crossed above the average analyst 12-month target price of $103.40, changing hands for $103.45/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valua
In recent trading, shares of Duolingo Inc (Symbol: DUOL) have crossed above the average analyst 12-month target price of $103.40, changing hands for $103.45/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valua
In recent trading, shares of Bank of New York Mellon Corp (Symbol: BK) have crossed above the average analyst 12-month target price of $133.78, changing hands for $134.84/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: down
In recent trading, shares of Bank of New York Mellon Corp (Symbol: BK) have crossed above the average analyst 12-month target price of $133.78, changing hands for $134.84/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: down