Vietnam EV Maker VinFast Delays First US Car Deliveries to Jan.
VinFast, an electric carmaker backed by Vietnam’s richest man, delayed December vehicle deliveries to its first US customers to this month because of holidays in America.
Bloomberg Business
Mexico City Metro Train Crash Leaves One Dead and 57 Injured
An accident in Mexico’s capital left one woman dead and 57 injured after two trains collided early Saturday, the second major deadly accident in the city’s public transportation network since 2021.
Mets Owner Steve Cohen Asks Queens Residents for Input in Potential Casino Bid
Mets owner Steve Cohen invited Queens residents to Citi Field on Saturday to seek their input on the future of the neighborhood — with an eye toward bidding for one of three New York City casino licenses.
Apple Begins Hiring Retail Store Employees in India, FT Reports
Apple Inc. has begun hiring retail store workers in India and has plans to fill other roles as the technology company prepares to open stores in the country, according to a report by the Financial Times.
Top Chile Official Resigns as Opposition Pressures Boric
One of Chile’s top officials has resigned as the government of left-wing President Gabriel Boric faces growing pressure over its decision to pardon protesters.
Ukraine Latest: Ongoing Fighting in East Despite Christmas Pause
Kremlin forces shelled Ukrainian positions in eastern Ukraine with mortars and artillery despite Russia’s unilateral 36-hour truce set to run through Saturday, Ukraine’s general staff said in an evening update. The brief cease-fire called by Russian President Vladimir Putin was to coincide with the Orthodox Christmas holiday. Russia said earlier its troops repelled Ukrainian offensives in the Donetsk region.
Year of the Bond Starts With a $150 Billion Spree
Editor’s Note: Welcome to Credit Weekly, where Bloomberg’s global team of reporters will catch you up on the hottest stories of the past week while also offering you a peek into what to expect in credit markets for the days ahead.
US CPI Will Help Determine Size of Next Fed Rate Hike: Eco Week Ahead
US inflation data in the coming week are expected to stay consistent with a gradual step-down in cost pressures, and will help determine the size of the Federal Reserve’s next interest-rate increase.
Risk Is Inflation Not Falling Back to 2%, Says Fidelity’s Timmer
For decades, investors have been advised to hold a portfolio of 60% equities and 40% bonds to generate the best risk-adjusted returns. While that turned out to be a disaster in 2022 as stocks and bonds plunged in tandem, Fidelity’s top macro strategist says this year will be different, and fixed income should once again serve as protection if the bear market in equities continues amid an economic slowdown.
Bond Rally Gives Early Win to Wall Street’s 2023 Yield-Curve Bet
Bond-market bulls are getting an early taste of what they expect to be a winning trade of 2023.
