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Warsh to Focus on Fed's Monetary Independence in Confirmation Hearing
Bloomberg's Stuart Paul said that a preview of prepared remarks from Trump's pick for Fed Chair Kevin Warsh show that he will focus mainly on the Fed's monetary independence in his confirmation hearing Tuesday. Paul described Warsh's view that the fed is responsible for all inflation, even if it is driven up by external forces, as 'shockingly hawkish' but explained that it could stem from the pressure he will face from the White House to deliver rate cuts. (Source: Bloomberg)
Why Brad Jacobs' QXO Is Buying TopBuild in $17 Billion Deal
QXO CEO Brad Jacobs explains why the company is acquiring insulation company TopBuild Corp. for about $17 billion on "Bloomberg The Close." (Source: Bloomberg)
Potential A.J. Brown trade still looms over Eagles, Patriots as NFL Draft approaches
A potential June trade of wide receiver A.J. Brown from the Philadelphia Eagles to the New England Patriots looms over both teams with their offseason programs beginning on Monday and the NFL Draft later this week. NFL executives have said they expect the Patriots to acquire Brown after June 1, when a trade becomes more manageable for the Eagles, The Athletic’s Mike Sando wrote, and those expectations have not changed as the draft nears.Advertisement
Police investigate whether London arson attacks were planned for weeks
Criminals paid on behalf of Iran are believed to be behind attacks against Jewish targets, say detectives Detectives are investigating whether the series of arson attacks in London were planned for weeks with suspects carrying out reconnaissance on the Jewish targets to be firebombed.The series of attacks against synagogues and other Jewish targets, as well as one premises linked to Iranian dissidents, are believed to be carried out by criminals paid on behalf of Iran, police said. Continue read...
Romania Coalition Nears Collapse as Top Party Spurns Premier
Romania’s government has been thrown into turmoil after the top ruling party withdrew its support for Prime Minister Ilie Bolojan, whose own bloc is now rallying to salvage his control of the four-way coalition.
Test Your ETF Knowledge In Our IQ Test
Bloomberg's Joel Weber puts Scarlet Fu, Katie Greifeld, and Eric Balchunas to the test on "Bloomberg ETF IQ" in this week's edition of "IQ Test." (Source: Bloomberg)
Europe’s Aviation Sector Faces Imminent Fuel Crunch as Supply Disruptions Deepen
Tetouan – Europe’s aviation industry is confronting the prospect of severe disruption within weeks, as a growing shortage of jet fuel threatens to curtail flights and drive ticket prices sharply higher ahead of the peak summer season. According to Aljazeera, current jet fuel reserves across Europe are only sufficient to cover a limited number of weeks before the continent risks entering a phase of acute shortage. The warning comes amid escalating pressure on global energy markets linked to ongo...
1 dead, 6 hurt as trolleybus crashes into supermarket in Austria
One person died and six were injured on Monday after a trolleybus veered off the road and crashed into a supermarket in Salzburg, Austria’s Red Cross said. “One person died despite attempts to resuscitate,” a Red Cross spokeswoman told Agence France-Presse. Police said a 55-year-old passer-by was so seriously injured that he died at the scene of the accident. They said the driver and five passengers were injured, while the Red Cross said a total of seven people were injured, two of them...
Egypt Launches $27 Billion ‘The Spine’ Megaproject to Redefine Cairo’s Urban Future
Tetouan – Egypt has unveiled an ambitious urban development east of Cairo, positioning it as a cornerstone project to drive economic growth and reshape the country’s urban landscape. Announced during an official ceremony attended by Prime Minister Mostafa Madbouly in the New Administrative Capital, the project, named “The Spine”, represents an investment of approximately $27 billion. It is being developed in partnership between Talaat Moustafa Group and the National Bank of Egypt, reinforcing C...
Inside the $21T ETF Industry, Apollo's Role in 'PRIV | ETF IQ 4/20/2026
"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: Baron Capital Co-President & Portfolio Manager Michael Baron and Apollo Management Partner Andrew Gosden. (Source: Bloomberg)
Drone Maker Aevex Shares Double in Just Two Days After Debut
Military drone manufacturer Aevex Corp.’s shares have doubled in two trading sessions, the latest among recent defense technology firms making a big splash upon market entry.
US Export-Import Bank boosts energy lending during Iran conflict
Trade finance agency ‘inundated’ with requests to support US oil and gas exports, says president John Jovanovic
Thailand reduces visa-free travel to 30 days to combat crime
As data collected by the government's visa policy committee shows, approximately 90% of visitors to Thailand stay in the kingdom for up to 30 days
Citi Sees Oil at $110 If Hormuz Disruption Lasts Another Month
Oil prices could rise to $110 per barrel if traffic in the Strait of Hormuz remains disrupted for another month, according to Citigroup.
We’ve Seen Some Truly Historic Moves in Markets
Investors have rarely dealt with this before.
Even Big Profits Yield Small Stock Pops in Market Fixated on War
One week into the latest quarterly earnings season, even companies that are clearing Wall Street’s already high bar are seeing little in the way of stock-price jumps — another testament to how much the market is hanging on the US-Iran war.
Hungary to review contracts for Paks II NPP construction project by Rosatom — Magyar
The Tisza Party leader considers the project important, but would like to understand "the terms and conditions for its financing, whether the loan can be restructured, and whether it can be refinanced on more favorable terms"
BofA Says Buy US Treasuries That Have Lagged Broader Iran Rally
US Treasuries are still pricing in a war in the Middle East that other asset classes have shrugged off, setting up a drop in yields as they catch up, according to Bank of America.
The Mandelson fiasco reveals the true nature of Starmerism
This is a prime minister who does not understand the difficult trade-offs involved in governing
Russian stock market closes higher as major indices gain
The yuan fell by 11 kopecks to 10.99 rubles