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LA Mayor: Number One Issue Facing City Is Affordability
Los Angeles Mayor Karen Bass discusses the current state of gas prices and unemployment and plans to keep the filming industry in the city. She also discusses working with Casey Wasserman for the 2028 olympics, and as the World Cup comes to California the mayor sees it as an economic boom. She speak...
What is the TACO trade and are investors profiting amid war on Iran?
Global energy crisis continues to widen amid market volatility, while so-called 'TACO traders' attempt to capitalise.
Tiger Woods in Rollover Car Crash in Florida
Tiger Woods was arrested on suspicion of DUI Friday at the scene of a car crash in which he struck another vehicle and rolled his Land Rover, authorities said. The Martin County Sheriff’s Office said Woods was not injured. (Source: Bloomberg)
US, Israel Hit Nuclear Targets as Iran Vows Retaliation
The US and Israel bombed Iranian nuclear and steel facilities on Friday, while Iran retaliated across the Persian Gulf, causing markets to sink and oil prices to rise amid fears an extended Middle East conflict will drag down the global economy. Airstrikes on Friday targeted a heavy water research r...
US Signals to Allies No Immediate Plans for Iran Invasion
The Trump administration is signaling to allies that it has no immediate plans for a ground invasion of Iran, even as it deploys thousands of troops to the Middle East, people familiar with the matter said. The people, who asked not to be identified discussing private deliberations, cautioned that P...
Citi’s Global Credit Head on Risks in Private Credit
Michael Anderson, Citigroup Global Head of Credit Strategy, addressed recent large redemptions in private credit funds, highlighting liquidity and credit mismatches as key issues. He speaks with Katie Greifeld and David Gura on “The Close.” (Source: Bloomberg)
Tiger Woods Charged With DUI After Accident, Sheriff’s Office Says
Golfer Tiger Woods was arrested for driving under the influence after an auto accident in Jupiter Island, Florida, the Martin County Sheriff’s Office says during a press conference. (Source: Bloomberg)
Market Priced for Risk, Not Disruption: Fmr. WH Advisor
Brent crude oil prices have risen back above $113 per barrel, driven by heightened uncertainty following President Trump's ten-day pause on strikes targeting Iran's energy infrastructure. Amos Haksef, Managing Partner at TWG Global and former senior adviser and deputy assistant under President Biden...
Gulf officials seek to calm investors as war rattles confidence
Delegates at a Miami conference urged to continue investing in the region
Fertilizer stock ample, working to ensure supply intact: Chouhan
Apollo's Slok on Short-Term Bond Market Volatility, Long-Term Middle East Stability
Apollo Chief Economist Torsten Slok believes there is going to be a short-term disturbance in the bond market and 50 years of security in the Middle East that will keep oil prices down. He explains his views with Michael McKee on “Bloomberg Real Yield.” (Source: Bloomberg)
Govt slashes excise duty on petrol, diesel to shield consumers, oil companies
The windfall tax will also help the Centre partly offset the impact of the excise duty cut. Central Board of Indirect Taxes and Customs chairman Vivek Chaturvedi said the windfall tax on exports will result in a gain of about Rs 1,500 crore in the first fortnight while the govt will have to forgo ov...
FAA investigating close call between passenger jet, Army helicopter in California
The Federal Aviation Administration (FAA) is investigating a helicopter that crossed in front of a commercial plane in California, the agency said in a statement. United Airlines Flight 589 was on its way to John Wayne Airport in Santa Ana, Calif., on Tuesday around 8:40 p.m. when a Sikorsky Black H...
SEC Division Overseeing Private Credit Firms Lost 24% of Staff
Nearly a quarter of the staff in the Securities and Exchange Commission’s division overseeing hedge funds, private credit firms, mutual funds and many investment products, left the agency last year, according to a new report.
BlackRock’s Fink Pay Bumped 23% After Private Markets Push
BlackRock Inc. Chief Executive Officer Larry Fink received $37.7 million in compensation in 2025, a roughly 23% increase from a year earlier as the world’s biggest asset manager expanded aggressively into private markets.
Wall Street Reels as Iran War Shatters Its Portfolio Defenses
Market declines sparked by the Iran war are morphing into a full-blown rout across Wall Street.
Watch live: Trump participates at Saudi investment forum in Miami
President Trump on Friday evening will attend and speak at the Future Investment Initiative (FII) summit in Miami. FII is run by Saudia Arabia’s sovereign wealth fund, focusing on social and economic investments. Late last year, Trump designated the Arab nation a major non-NATO ally as part of...
Wall Street’s Losing Streak Hits 5 Weeks: Dow And Nasdaq Fall Deep Into Correction
Uncertainty remains over how long the Iran war will last.
Industrial Giants Enter Correction in Warning Sign for Stocks
Major US industrial and transportation stocks fell into a correction, in a bad sign for the broader stock market as concern mounts about the economic impact of the continuing war in the Middle East.
Markets May Be 'Tiptoeing' Into Valuation Shock, Morgan Stanley's Caron Says
Jim Caron, CIO of the Portfolio Solutions Group at Morgan Stanley Investment Management, says the recent surge in oil prices has triggered a price shock, leading to a corresponding decline in equity prices as future cash flows are discounted more heavily. He speaks on "Bloomberg The Close." (Source:...