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Saudi Arabia’s crude oil exports fell by half in March after Iran effectively prevented tankers from leaving the Persian Gulf, forcing the kingdom to reroute flows to its west coast.
Because the timing of labor market displacement is so uncertain, Muddy Waters recommends using derivative exposure to take a bearish view on corporate credit.
BYD Co.’s exports and overseas sales climbed 65% in March as surging oil prices due to the Iran war boosted demand for electric cars, though the automaker continues to struggle to regain momentum in the China market.
Alger Focus Equity Fund co-manager Patrick Kelly says investors should not lose sight of AI’s impact, with major secular trends in place.
Equity and bond rebounds along with central bank expectations still have a way to go before unwinding impact of the Iran war (Source: Bloomberg)
The world’s biggest bank would tightly regulate the service and bets on topics like politics and sports wouldn’t be offered, said JPMorgan chief.
Higher-for-longer oil prices threaten economy, earnings.
As it announces one of the biggest funding rounds in history, OpenAI has trumpeted hundreds of billions in other deals and products—including Sora—that haven’t yet become reality.
US Treasuries climbed on speculation that a possible end to the war in Iran may pave the way for interest rate cuts, with upcoming economic data potentially offering clues on when the Federal Reserve may ease policy.
What if everyone can have a satellite?For decades, solar innovation has been measured in better performance per square meter. But this startup is starting to break down.
President Donald Trump will be in attendance at the Supreme Court Wednesday during oral arguments on his planned rollback of automatic birthright citizenship. Tyler Kendall reports on Bloomberg Television. (Source:…
Oil prices remain elevated despite this week's drop, with equities still pricing in inflationary risks. Bloomberg's Morwenna Coniam joins Laura Davison, Emma Ross-Thomas and Vonnie Quinn on Bloomberg Brief. (Source:…