The selloff in US stocks accelerated on Friday, as traders fled equities on fears that a surge in oil prices sparked by the escalating Iran war will cripple the global economy.
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The selloff in US stocks accelerated on Friday, as traders fled equities on fears that a surge in oil prices sparked by the escalating Iran war will cripple the global economy.
The war in Iran may be showing few signs of easing, but Wall Street strategists are encouraging investors to start buying stocks again.
South Africa’s central bank is likely to go on the offensive against inflation and raise interest rates as soon as its next meeting in May, according to Morgan Stanley.
Funding for the Department of Homeland Security lapsed in February, leading to chaos at aiports.
French Finance Minister Roland Lescure said it’s imperative for the country to stick to its medium-term deficit-reduction target.
Zelenskyy met Gulf leaders to seek support for Kyiv as the U.S. reportedly weigh diverting military resources to the Middle East.
DBi's Andrew Beer suggests the market's crystal ball is broken.
Donald Trump floods the zone at all hours, but his latest reversal on Iran makes one thing clear: he makes many of his biggest gambits when US markets are dark.
“There really aren’t any hedges in this context,” says Russ Koesterich, Global Allocation Fund portfolio manager at BlackRock, as he explains how the firm is bringing down risk in the current market environment. (Source: Bloomberg)
The economy is better suited to absorb higher energy costs, says Jim Paulsen.
Tehran said the Strait of Hormuz has now been closed
Andrew Puzder sat down for an interview with CNBC's Ian King.
Index of the greenback heads for its biggest monthly gain since July.
Microsoft Corp. is at the intersection of two troubling trends roiling the technology sector, which has the stock on track for its worst quarterly performance since the global financial crisis two decades ago.
Blue Owl Capital Inc. is boosting its team dedicated to bringing the ultra-wealthy into private markets, betting investors will look past recent jitters to expand in an area where they’ve traditionally had limited exposure.
Travelers hoping for a return to more moderate long-haul airfares this summer are in for a rude awakening as the conflict in the Middle East continues. We look at ticket prices across some of the popular routes connecting Asia to Europe. (Source: Bloomberg)
"Christina Au-Yeung, Head of Investment Management Services, Morgan Stanley Private Wealth Management Asia; Elton Cheung, Managing Partner, VMS Group and Mathieu Forcioli, Global & Asia Pacific Head of Alternatives, Wealth & Premier Solutions, HSBC tell Bloomberg's Sharnie Wong the appetite for alternatives is growing in Asia family offices, they were speaking at the Bloomberg Family Office Summit 2026 in Hong Kong." (Source: Bloomberg)
Mary Ann Tsao, Chairwoman & Founding Director, Tsao Foundation and Melissa Wright, Ocean Lead, Bloomberg Philanthropies say vision, communication and governance are key to impactful philanthropy. They were speaking to Hong Kong Academy for Wealth Legacy Executive Director, Angel Chia at the Bloomberg Family Office Summit 2026 in Hong Kong. (Source: Bloomberg)
After a strong year on Wall Street fueled by market turmoil from President Donald Trump’s tariff changes, the average bonus last year was three times the typical American household’s income.
Oil prices traded higher after U.S. President Donald Trump said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz.
Oil prices traded higher after U.S. President Donald Trump said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz.
Oaktree Capital Management is meeting all redemption requests it received for a $7.7 billion private credit fund aimed at retail investors, siding with managers that have decided against enforcing a cap on withdrawals.
Iran appears to be shifting import routes to secure key grains, ensuring it can bring in staple food supplies while the Strait of Hormuz remains effectively shut.
Pernod Ricard and Brown-Forman are discussing a merger to consolidate amid an industry downturn. A combination would bring together Pernod's brands like Martell Cognac and Absolut Vodka with Brown-Forman's whiskeys such as Jack Daniel's and other brands including Fords Gin and Herradura tequila. Bloomberg's Manuel Baigorri reports. (Source: Bloomberg)