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Why Garrett Motion Stock Is Rebounding Today

Garrett sold off after announcing some of its private equity holders were reducing their stake. Yesterday, shares of Garrett Motion (NASDAQ: GTX) fell 10% after the company announced a big secondary offering. Shares of Garrett Motion are up 9% as of 10:45 a.m. ET, and the stock is now down just 3% over the past five days.

Mexico’s Sheinbaum Says She Talked Steel Tariffs in Latest Trump Call

(Bloomberg) -- Mexican President Claudia Sheinbaum said she discussed US steel and aluminum tariffs on Thursday, in her latest call with Donald Trump. Most Read from BloombergCan Frank Gehry’s ‘Grand LA’ Make Downtown Feel Like a Neighborhood?NY Private School Pleads for Donors to Stay Open After Declaring BankruptcyChicago’s O’Hare Airport Seeks Up to $4.3 Billion of Muni DebtNYC’s War on Trash Gets a Glam SquadNJ Transit Makes Deal With Engineers, Ending Three-Day StrikeSheinbaum has repeatedl

Analysis-Global bond markets signal governments must pay more to borrow long-term

SINGAPORE/LONDON (Reuters) -From ho-hum debt auctions to plunging long-term bond prices, investors are sending a clear message to governments that in the current climate of uncertainty they need to pay more to borrow for decades ahead. Yields of government bonds with the longest maturities have risen sharply not just in the United States, where the chaotic first months of Donald Trump's second term in the White House are causing investors to demand better returns on their bond holdings, but also in Japan and Britain. Multi-billion dollar government bond sales, which used to be a seamless process for big economies, are becoming the arena for bond vigilantes questioning government profligacy and inflation outlooks.

Anthropic's new Claude 4 AI models can reason over many steps

During its inaugural developer conference Thursday, Anthropic launched two new AI models that the startup claims are among the industry's best, at least in terms of how they score on popular benchmarks. Claude Opus 4 and Claude Sonnet 4, part of Anthropic's new Claude 4 family of models, can analyze large datasets, execute long-horizon tasks, and take complex actions, according to the company. Both models were tuned to perform well on programming tasks, Anthropic says, making them well-suited fo