Citadel CEO: 'We Need to Create Fiscal Discipline in the U.S.' ...

The BSE The market capitalisation of all listed companies on the BSE decreased by Rs 6 lakh crore to Rs 453.87 lakh crore.Under the Budget 2026 proposals, the STT on futures contracts will rise to 0.05% from 0.02%, while the tax on options premiums will increase to 0.15% from 0.10%. The levy on options exercised will also climb to 0.15% from 0.125%.The measures mark a meaningful increase in trading costs for derivatives investors and threaten to curb volumes in a segment that has expanded rapidly in recent ...

Group 1 - Global bond yields have reached levels not seen since 2009, indicating concerns that interest-rate cutting cycles may be nearing an end in various countries, including the US and Australia [1] - A Bloomberg gauge of long-dated government bonds has returned to 16-year highs, with market expectations reflecting no further rate cuts from the European Central Bank and anticipated rate hikes in Japan and Australia [2] - In the US, yields on 30-year Treasuries have risen to multi-month highs as investors adjust their outlook on monetary policy, inflation, and fiscal discipline [3] Group 2 - The Fed's price gauge increased to 2.8% in September, significantly above the central bank's target, raising concerns about the independence of the next Fed Chairman and contributing to a risk premium in the Treasuries curve [4] - A "disappointment trade" is emerging in developed markets as investors recognize that the central bank rate-cutting cycles may be concluding, impacting long-term US rates [5] - The market shift reflects a growing belief that the rate-cutting cycle, which was initiated to stimulate growth, is coming to an end, leading investors to reassess global growth and inflation risks amid rising government debt [6] Group 3 - Investors are demanding a higher risk premium due to increasing deficits, macroeconomic uncertainty, and a breakdown in the traditional negative correlation between equities and bonds, diminishing the diversification benefits of bonds [7] - Bond yields in Japan and Germany have also surged to multi-year highs, particularly affecting longer-dated debt due to expectations of increased debt issuance [7]

South Africa is expected to lower interest rates, after the formal adoption of a 3% inflation target and the government’s display of fiscal discipline provided policymakers with room for easing https://t.co/z2BD6czm9t ...

Ghana’s government pledged to maintain fiscal discipline as it prepares to exit a three-year bailout program with the IMF https://t.co/Wb0XLLzO8v ...

Core Viewpoint - General Motors announced a $1.6 billion charge in its third-quarter earnings, linked to a strategic realignment of its electric vehicle (EV) production plans, which reflects proactive leadership rather than failure [3][4][6] Financial Impact - The $1.6 billion charge consists of approximately $1.2 billion in non-cash impairment for underutilized EV-related assets and about $400 million in cash costs to exit specific supplier contracts [6] - The company is trading at a P/E ratio of 9.19 and has a dividend yield of 1.04%, with a price target of $65.00, indicating potential upside [3][11] Market Dynamics - The charge is a response to two key market shifts: the moderation of government-incentivized EV adoption and the expiration of federal EV tax credits, which have reduced consumer purchasing incentives [7][8] - GM is prioritizing fiscal discipline by adjusting production schedules to align with actual consumer demand, avoiding overproduction that could erode margins [9] Core Business Strength - GM's traditional internal combustion engine (ICE) vehicles continue to generate significant cash flow, supporting the transition to EVs and shareholder returns [10] - In Q3, GM's U.S. vehicle sales increased by 8% year-over-year, with a total of 2.2 million vehicles sold in the first nine months of 2025, demonstrating strong consumer demand [14] Strategic Partnerships - GM has partnered with Hyundai to co-develop five new vehicles, aiming for 800,000 annual vehicle sales, which reflects a low-cost strategy to expand market presence [12] Future Outlook - Analysts have raised GM's stock price target to $68, indicating recognition of the company's financial resilience and strategic pivot towards EV profitability [17] - The upcoming third-quarter earnings call on Oct. 21 will be crucial for assessing full-year guidance and adjusted automotive free cash flow [17]

Sanae Takaichi, who is expected to be Japan’s first female prime minister, appointed former Finance Minister Shunichi Suzuki as the ruling party’s new secretary-general in a sign that she aims to quell concerns about fiscal discipline https://t.co/qJlSAaQf5c ...

We've heard you say already that the public finances are in a pretty precarious position. So I want to ask you, many Labour MP really want you to lift the two child benefit cap, and we hear that includes the Prime Minister. Well, we hope to do that when no one needs to tell me how important child poverty is.I cave into the Labour Party because I've wanted children from all backgrounds to have a good start in life. We've already made strides in reducing child poverty in this Parliament. We're rolling out fre ...

Credit Rating - Moody's Ratings 提升了哥斯达黎加的信用评级 [1] - 评级提升的原因是该国在财政纪律和经济增长的支持下，“显著”改善了财政和债务状况 [1]

Core Viewpoint - Tesla's stock has increased approximately 190% over the past five years, significantly outperforming the S&P 500, which has led CEO Elon Musk to engage in unconventional behavior [1] Group 1: Corporate Governance and Shareholder Interests - Tesla's board is expected to act in the interests of shareholders, which has allowed Musk to engage in various controversial activities without significant repercussions [2][6] - There is growing concern among corporate governance experts and investors that Musk's ambition to start a new political party may cross a line, potentially leading to legal issues [5][6] - The board's previous leniency towards Musk's behavior may change due to recent pressures, especially as Tesla's stock has declined by around 20% since the beginning of the year [11][12] Group 2: Impact of Political Engagement - Musk's involvement in politics, particularly during Trump's presidency, has led to alienation of Tesla's customer base, particularly environmentally conscious consumers [8] - The company's focus on autonomous vehicles may detract from essential R&D for its electric vehicle lineup, especially as it faces challenges in meeting delivery targets [9] - The relationship between Musk and Trump has soured, which could jeopardize Tesla's access to government support and subsidies [9] Group 3: Future Expectations and Oversight - Analysts expect the Tesla board to impose more oversight on Musk's activities, particularly regarding his political aspirations, during the upcoming shareholder meeting [12][14] - Despite Musk's significant control as the largest individual shareholder, he is not immune to shareholder pressure and the board's fiduciary responsibilities [13]