Asia wants more U.S. oil and gas to reduce Middle East dependence after Iran war, Burgum says
Japan, South Korea and Taiwan rely heavily on exports through the Strait of Hormuz.
Economy
Major Averages Cool Off Ahead of Close, Hold Gains | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
WNBPA President Nneka Ogwumike says new CBA will have a major impact on players' bank accounts
WNBPA President Nneka Ogwumike told CNBC significant pay raises for WNBA players could change their off-season routines.
Oil tumbles nearly 11% after Trump puts hold on U.S. strikes against Iran energy infrastructure for five days
President Donald Trump said Monday that the U.S. and Iran had productive talks over the weekend about ending the war.
Economy
LaGuardia Airport Open, But at Reduced Capacity for ‘Some Time,’ Sec. Duffy Says
US Transportation Secretary Sean Duffy says New York’s LaGuardia Airport is open and operational, but with reduced capacity following Sunday’s fatal collision. (Source: Bloomberg)
Economy
Trump’s Wild, 5-Minute Rally Sends Clear Message to Wall Street
Just moments after Donald Trump backed down from his threat to bomb Iran’s energy infrastructure in a Truth Social post at 7:05 a.m., oil prices plunged over 13%, Treasury yields tumbled and traders signaled that US stocks would surge at the opening bell.
Social Security 'doesn't allow most Americans to build wealth,' BlackRock's Larry Fink says
Social Security is "one of the most effective poverty-prevention programs in history," but it could be improved, BlackRock CEO Larry Fink wrote in a new letter.
Synopsys shares rally as activist Elliott builds multibillion-dollar stake in chip design firm
Elliott did not disclose the exact value of its investment, but described Synopsys as "essential to the global chip industry."
BlackRock's Larry Fink: Trump accounts, paired with other assets, may be 'very significant' for young adults
BlackRock CEO Larry Fink said Trump accounts, if paired with other investments, "could be a very significant step" for young Americans.
Economy
Renewable Energy Firm Boralex Explores Going Private
Canadian renewable energy firm Boralex Inc. is weighing its options including a potential deal to go private, according to people familiar with the matter.
Volume in stock and oil futures surged minutes before Trump's market-turning post
The timing of the earlier volume spikes — across both equities and crude — caught the attention of traders.
Economy
Trump Says US Negotiating War Deal, as Iran Denies Talks
Iran's denial of talks with US negotiators are likely the Iranian government not wanting to 'project any sign of weakness' to their public, says Blomberg's Onur Ant. Speaking in Memphis, President Trump said that there's a 'very good chance' of ending up with a deal, while Iran's government solidly
Chevron CEO says Iran war impact isn't fully priced into oil market, traders have ‘scant information’
Chevron CEO Mike Wirth said the physical supply of oil is much tighter than the oil futures market suggests.
Hedge Fund Founder Weiss Loses Defamation Suit Against Jefferies
Hedge fund founder George Weiss has lost his defamation suit accusing Jefferies Financial Group of running a “smear campaign” to pressure him to pay a $100 million debt owed by his firm, Weiss Multi-Strategy Advisers.
Economy
Test Your ETF Knowledge In Our IQ Test
Bloomberg's Joel Weber puts Katie Greifeld, Scarlet Fu, and Eric Balchunas to the test on "Bloomberg ETF IQ" in this week's edition of "IQ Test." (Source: Bloomberg)
Economy
'Congress Always Chickens Out' on Problem Solving, Says Jane Harman
Jane Harman, former Democratic representative from California who served as ranking member of the House Intelligence Committee, said that Congress has shown it is not interested in stepping up in an active role in negotiations around the war with Iran or in working together to problem solve a deal o
Economy
Young Investors Learning Lessons Earlier: Dan Egan
Dan Egan, vice president of behavioral finance & investing at Betterment, joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." They discuss investor sentiment amid financial anxiety. (Source: Bloomberg)
Economy
NYC Subway Project’s $1 Billion Contract Hinges on Frozen Funds
New York City’s transit agency is set to approve a $1 billion excavation contract as part of its Second Avenue subway expansion — but the deal might be stalled if federal funds for the project are not released.
Democrat Emily Gregory wants to represent Trump — and his Mar-a-Lago resort — in Florida's legislature
Democrat Emily Gregory is hoping to score an upset for a seat in the Florida state House representing President Donald Trump.
Economy
Activist Ubben’s Inclusive Capital Looks to Sell Stake in Bayer
Inclusive Capital Partners is looking to sell a stake in Bayer AG, three years after the investment firm led by activist Jeff Ubben first disclosed a holding.