Bloomberg News and Videos — Page 354

Oil rose for a third day as a fresh exchange of strikes between the US and Iran cast doubt on the prospects of a peace deal that would reopen the Strait of Hormuz. Leslie Palti-Guzman, founder at Energy Vista, gives an update on the outlook for oil and natural gas prices amid the war in Iran.

Ares Management co-founder and CEO Michael Arougheti says the private credit market remains strong and the recent stress in the private credit market is tied to private equity. He speaks with Dani Burger at the Forbes Iconoclast Summit in New York.

A renewed advance in oil sent stocks lower as bond yields rose on concern that an escalation of hostilities between the US and Iran will hinder prospects for a peace deal. As equities fell from all-time highs, the S&P 500 snapped a nine-day winning streak. Tech shares led losses, with a closely watched ETF tracking software firms dropping 3.5%. Dean Curnutt, founder at Macro Risk Advisors, discusses how the markets are reacting to geopolitical tensions and AI investment interest.

Bitcoin's selloff extended into Wednesday after Strategy Inc.'s sale of a tiny portion of its massive cryptocurrency stockpile rattled sentiment and widened the token's divergence from record-setting technology shares. Jim Ferraioli, Director of Digital Currencies Research and Strategy at Charles Schwab, discusses Bitcoin's latest moves and Charles Schwab's report on mining economics and digital asset outlook.

On this episode of Stock Movers with John Tucker: - Macy's (M) shares are on the move after it lifted its sales outlook for the year, a sign that the company's focus on growing its luxury business and improving its assortment is paying off. - GameStop (GME) shares are climbing after the video-game retailer reported a record quarterly profit driven by its collectibles business. Sales overall climbed 14% to $835.3 million. Net income of $389.6 million was the highest ever for a quarter in the company's history, GameStop said in a regulatory filing Tuesday. - Palo Alto (PANW) shares are dropping as the security software company reported results following a 61% year-to-date rally. The company reported third-quarter results that beat the average analyst expectation and raised its full-year forecast for key metrics, but failed to meet elevated buyside expectations.

Ares Management co-founder and CEO Michael Arougheti says the recent stress in the private credit market is tied to private equity. He speaks with Dani Burger at the Forbes Iconoclast Summit in New York.

Ellen Zentner, Morgan Stanley Wealth Management chief economic strategist, says recent economic data show the US consumer is "flat" and the labor market is "stagnant" during an interview with Matt Miller on "Bloomberg Open Interest."

Macy's raised its sales outlook for the year, lifting its annual guidance for comparable sales to as much as 1.2%, up from a previous high of 0.5%. Romaine Bostick reports on Bloomberg Television.

Dan Ives of Wedbush Securities talks about the tidal wave of IPOs that are starting to hit the market. He says the upcoming SpaceX IPO is all about buying Elon Musk. Ives speaks on "Bloomberg Surveillance."

Former US Vice President Mike Pence discusses his new book, "What Conservatives Believe," what he sees as the future for the Republican Party, regulation of artificial intelligence, and his relationship with President Donald Trump.