CNBC · Apr 13, 2026, 6:36 PM
The firm, which manages $14 trillion for clients, said in its weekly market note that it raised the rating a notch to overweight from neutral.
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The firm, which manages $14 trillion for clients, said in its weekly market note that it raised the rating a notch to overweight from neutral.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Rebecca Babin, senior equity trader and managing director at CIBC Private Wealth, said that the markets are using a two month base case as the predicted time it would take to get oil production back up and running after the end of war with Iran, a timeline she finds 'optimistic.' Babin said that even if US oil exports grows to 5 million barrels a day, it still won't be enough to fill in the supply lost to the closure of the Strait of Hormuz. (Source: Bloomberg)
The United Nations urged countries not to limit shipments of energy and fertilizers as the conflict in the Middle East deepens, warning that such restrictions in the past have exacerbated spikes in global food prices.
Oracle has lost more than a fifth of its value this year on AI disruption concerns.
Alua Capital Management is closing its $2 billion hedge fund after about five years, concluding its returns were inadequate despite some periods of strong performance.
The "big beautiful bill" introduced a tax provision that allows some workers to deduct the tips they earn. The IRS released the final rule on who qualifies.
Private credit funds are facing higher risks from one-off hits that could threaten confidence in the wider sector, Bank of England Governor Andrew Bailey warned on Monday.
Our thesis on the investment banking giant remains intact despite some blemishes in its first-quarter earnings.
Heather Conley, senior fellow at the American Enterprise Institute, said the US blockade of Iran in the Strait of Hormuz is a temporary measure and won't remove all threats to shipping in the area. (Source: Bloomberg)
Stocks of a number of consumer discretionary sector companies were falling amid worries that rising gasoline prices as a result of the latest escalation in the Middle East conflict would hurt consumer sentiment and spending.
Pope Leo has condemned the war against Iran by the United States and Israel, drawing the ire of President Donald Trump.
Oracle has lost more than a fifth of its value this year on AI disruption concerns.
The hospitals that emerged from the bankruptcies of Steward Health Care System and Prospect Medical Holdings Inc. were supposed to help stabilize one of the world’s largest hospital landlords by restoring a battered tenant base after two years of industry stress.
AI-powered healthcare startup Citizen Health is using the technology to focus on rare disease, helping manage patient lives as well as advance treatments.
D1 Capital Partners’ equities book tumbled 6% in March, according to people familiar with the matter, making Dan Sundheim’s firm one of the worst-performing stock-pickers that month.
The American military on Monday was implementing a blockade on all ships entering and exiting Iranian ports, with the escalation pushing oil prices higher but not rattling U.S. stocks that much.
Austin is set to bring a $1.18 billion airport revenue bond sale to market on Tuesday as growth in one of the nation’s fastest-expanding metro areas strains capacity at Austin-Bergstrom International Airport.
Although the government could pay billions of dollars in tariff refunds, consumers shouldn't expect to see money back, according to a CNBC CFO Council survey.
The U.S. dollar is up this year, based on Monday afternoon trading levels, following failed talks between the U.S. and Iran over the weekend to end the conflict in the Middle East.
A reported leaked memo from OpenAI’s revenue chief signals a deepening rift with Microsoft, as the ChatGPT creator deepens its relationship with Amazon.
President Donald Trump said he ordered the U.S. Navy to find and interdict any ship in international waters that has paid a toll to Iran to transit the strait.
Oil prices don’t yet reflect the severity of the unprecedented supply crisis caused by the Iran war, but they soon will, the head of the International Energy Agency said.
Trump may have finally lost Asia to China over the Iran war. Bloomberg Opinion columnist Mihir Sharma explains. (Source: Bloomberg)
SaaSpocalypse. Credit defaults. The war in Iran. A lot of worries are hitting the $1.8 trillion private credit market at the same time, setting off a scramble by some investors to withdraw money from the industry’s giants. In recent weeks, funds managed by firms such as Apollo Global Management Inc., BlackRock Inc. and Ares Management Corp. have faced unprecedented requests for redemptions — and, in many cases, have exercised their right to block investors from getting all their money out.