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Bloomberg

Wall Street Banks Set to Pull in Almost $39 Billion From Trading

The biggest US banks set to kick off a marathon Tuesday with five of those firms reporting second-quarter earnings are reaping the benefits of a volatile past few months that's spurred more action from clients wanting to trade. Chris McGratty, Head of US Bank Research at KBW, previews what to expect from bank earnings.

Read more: Wall Street Banks Set to Pull in Almost $39 Billion From Trading
Bloomberg

Tech Stocks Slide as Oil Climbs on Hormuz Standoff

A selloff in tech giants sent stocks lower, with the market also falling as oil jumped after clashes over the Strait of Hormuz raised concerns about a disruption in energy supplies that could fuel inflation. Stuart Kaiser, Head: US Equity Trading Strategy at Citi gives his outlook on the markets and looks ahead to June CPI out Tuesday.

Read more: Tech Stocks Slide as Oil Climbs on Hormuz Standoff
Bloomberg

Oil Rallies as Conflict Over Hormuz Escalates With Fresh Strikes

Oil gained after the US carried out another wave of strikes against Iran, with the two sides disputing whether the Strait of Hormuz was open. Ed Morse, Senior Advisor and Commodity Strategist at Hartree Partners, discusses what's next for energy markets amid uncertainty in the Strait of Hormuz.

Read more: Oil Rallies as Conflict Over Hormuz Escalates With Fresh Strikes
Bloomberg

MGM Rises on Takeover Bid; SK Hynix Falls on Memory Pullback | Stock Movers

On this episode of Stock Movers: - MGM Resorts International (MGM) shares are rising on a report regarding a potential takeover bid from Barry Diller. - SK Hynix (SKHY) shares are lower and other memory stocks are also falling. It is lower over concerns with the sustainability of artificial-intelligence spending. The drop in South Korean trading is likely to cause a hit to the American depositary receipts as well. The debate between the optimists and pessimists will continue, which should create volatility, according to Hendi Susanto, portfolio manager at Gabelli Funds. - Agenus (AGEN) shares are moving higher on news of a deal that it's selling up to $3540 million worth of securities.

Read more: MGM Rises on Takeover Bid; SK Hynix Falls on Memory Pullback | Stock Movers
Bloomberg

Rockefeller Capital's Fleming: I Regret Having to Sell Merrill Lynch

Rockefeller Capital Management President and CEO Greg Fleming says selling Merrill Lynch remains his biggest career regret, reflecting on whether more could have been done to preserve the iconic firm. This interview was recorded for Bloomberg Wealth with David Rubenstein on May 13, 2026.

Read more: Rockefeller Capital's Fleming: I Regret Having to Sell Merrill Lynch
Bloomberg

Sfakianakis: Iran Tests US Resolve in Hormuz

Iran and the United States traded tit-for-tat attacks over the weekend, with both sides issuing conflicting declarations on whether the Strait of Hormuz is open for shipping. John Sfakianakis, Chief Economist and Head of Research at the Gulf Research Center, told Abeer Abu Omar on Horizons Middle East and Africa that return to a full scale-war is a possibility but we are "not yet" there.

Read more: Sfakianakis: Iran Tests US Resolve in Hormuz
Bloomberg

Bahoshy: Mideast Venture Funding Plunges in 1H

Private capital data platform, Magnitt, says Middle East venture funding fell 22% in the first half of the year, with actual deal count plunging by 41%. Many of the deals were signed before the US-Israel attacks on Iran. CEO Philip Bahoshy told Abeer Abu Omar on Horizons Middle East and Africa that the real test will hit this summer.

Read more: Bahoshy: Mideast Venture Funding Plunges in 1H