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Complex CEO on Launch of 'Complex Bets' with Fanatics
Complex CEO Aaron Levant discusses teaming up with Fanatics to launch 'Complex Bets', a sports betting and trading content platform aimed at bringing pop culture to the betting and predictions market. He talks with Katie Greifeld on "The Close." (Source: Bloomberg)
British Columbia Gets Fifth Credit Downgrade From S&P Since 2021
British Columbia, the western Canadian province that once boasted a top AAA credit rating, was downgraded by S&P Global Ratings for the fifth time since 2021 on Thursday.
Cirincione: Don't Expect Negotiated End to Iran War
Center for International Policy Vice Chair Joe Cirincione discusses President Trump feeling the pressure as oil continues to surge on prolonged war fears, and why Iran should make a deal before it's 'too late.' He talks with Scarlet Fu and Katie Greifeld on "The Close" (Source: Bloomberg)
Ethan Allen CEO on Tariffs, 'Cautious' Consumers
Ethan Allen Interiors Chairman, President, & CEO Farooq Kathwari discusses the impact tariffs continue to have on US retailers, and how 'cautious' consumers are still looking to buy. he talks with Katie Greifeld and Scarlet Fu on "The Close." (Source: Bloomberg)
Wall Street Money Managers Hunker Down as Iran War Rages On
Five weeks of war with Iran have wiped trillions off global stocks, pushed oil past $100 and kept it there and repriced wagers on interest rates and inflation.
Bond Traders Set Up for Jobs Data With Iran War Still Main Focus
Bond traders torn between growth and inflation concerns are setting up for a key read on the US jobs market, even as the continuing hostilities in the Middle East remain the center of attention.
Stocks Cut Losses on Hormuz Report, Oil Holds Gains | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
US Blue-Chip Bond Funds See $5.3 Billion Outflow, Most in a Year
US investment-grade bond funds suffered the largest weekly outflows in about a year as rising macro-economic risk led to significant losses for the asset class.
SpaceX Targets More Than $2 Trillion Valuation in IPO
SpaceX boosted its target IPO valuation above $2 trillion, according to people familiar with the matter, as the world’s most valuable startup gears up to pitch potentially the biggest-ever market debut.
Trump administration announces new tariffs on pharmaceuticals
White House also rolls back levies on some metals in an attempt to simplify duties
MIT Media Lab Working to Advance Women's Health
Jessica Rosenworcel, Executive Director of the MIT Media Lab and former Chair of the FCC joins Bloomberg Businessweek Daily to discuss tech and pushing women's health forward, telehealth and convenience of care, why is women's health historically overlooked. As well as her FCC tenure and today's FC...
Canada’s Irving Turns to Newfoundland for Oil on Iran Disruption
Canada’s biggest refinery is turning to Newfoundland for crude for the first time since 2020 as the war on Iran cuts off Middle Eastern supplies.
Ex-Centerview Banker Gets Deal to End US Insider-Trading Case
Federal prosecutors have reached a settlement to eventually drop criminal charges against a former Centerview Partners LLC investment banker who was accused of participating in an international insider-trading ring and has been living in her native Thailand for years.
Bonds’ Oil-Driven Selloff Stalls as Growth Concerns Return
Treasuries wiped out an early slump as investor focus turned to the risk that surging energy prices will become a drag on economic growth. Yields were lower by about a basis point at midday in New York after erasing increases of six to seven basis points. They had risen along with oil benchmarks aft...
SpaceX IPO is Musk’s biggest financial moonshot
Tech showman seeks to tap the Fomo factor with a market sales pitch for the ages
Oil Going Closer to $200 per Barrel: Tina Fordham
Tina Fordham, founder & geopolitical strategist at Fordham Global Foresight, joins Scarlet Fu on "Bloomberg Markets." She gives her perspective on geopolitics and oil markets as President Trump comes under increasing international pressure after he pledged to continue the war on Iran, sparking furth...
Tower Operator SBA Communications Is Exploring a Potential Sale
SBA Communications Corp. is exploring options including a potential sale after the tower owner and operator received preliminary takeover interest, according to people familiar with the matter.
Three Ships Appear to Enter Hormuz by New Route Along Oman Coast
Three tankers broadcasting Omani ownership appeared to enter the Strait of Hormuz by hugging their home country’s coastline, indicating a different route to a northerly path through Iranian waters.
Muni Market Turnaround in Recent Days: Johnston
Jennifer Johnston, senior vice president and director of research for municipal bonds at Franklin Templeton joins Scarlet Fu on "Bloomberg Markets." The US municipal market’s worst month in more than two years has cheapened the debt enough to lure some investors looking to add to their tax-exempt ho...
UK urges pharma companies to invest after reaching drug pricing deal with US
Accord will result in higher medicines spending in Britain in exchange for exemption from threatened Trump tariffs