United StatesBreaking News

Attorney General Pam Bondi is leaving her post at the head of the US Justice Department and Deputy Attorney General Todd Blanche will take over as acting Attorney General. Fox News reported the move on air citing a phone call with President Donald Trump. Tyler Kendall reports on Bloomberg Television.

NASA's Artemis II crew is preparing for a translunar injection burn after reaching a stable orbit, the next phase of a landmark journey that will take them closer to the lunar surface than anyone has been in more than 50 years. Bloomberg's Ed Ludlow reports on "Bloomberg Tech."

Federal Reserve Bank of Dallas President Lorie Logan says the war in Iran is raising risks of both higher inflation and weakness in the labor market during an event in Dallas.

Khloé Kardashian's Khloud is expanding into protein chips. As America's protein obsession grows, the celebrity-founded snack brand is betting big on high-protein snacks to capture the booming market. Khloud CEO Jeff Rubenstein joined Bloomberg Open Interest breaks down the strategy behind the launch, the future of protein snacks, and how the brand plans to compete in the crowded health food space.

Federal Reserve Bank of Dallas President Lorie Logan says the Fed could shrink its balance sheet through regulatory changes that reduce banks' demand for reserves during an event in Dallas.

Retired Major General James "Spider" Marks joins Bloomberg Open Interest to break down President Trump's Iran strategy, revealing that US strikes may have only delayed, not destroyed, Iran's nuclear program. He explains why true certainty requires boots on the ground, and why the Strait of Hormuz won't reopen without pressure or negotiation.

Markets remain surprisingly resilient despite geopolitical tensions and rising oil prices. HSBC's Racquel Oden breaks down why global markets are diverging, why tech stocks may now be a buying opportunity after major repricing, and where investors should look beyond the Mag 7 for growth in today's volatile environment.

Armen Panossian, co-CEO and head of performing credit at Oaktree Capital Management, addresses the current challenges in the private credit market. Speaking on "Bloomberg Open Interest," Panossian emphasizes that the issues are not inherent to private credit as a whole but are related to specific vintages of loans.

Hedge funds took a hit in March as the Iran war rattled global markets. Oil spiked, bonds sold off, and crowded trades unraveled wiping out recent gains at major firms like Millennium and Balyasny. A few funds bucked the trend, but overall it marked the industry's sharpest drawdown in months.

Private credit markets are under pressure as record redemption requests hit major firms like Blue Owl. With investors rushing for liquidity, fund managers face a critical choice: enforce strict withdrawal limits or risk creating a false sense of stability. As retail investors become the next growth engine, this moment could define the future of the $1.8 trillion private credit industry.

Algorhythm Holdings (NASDAQ:RIME) reported a dramatic expansion in its top-line performance for fiscal year 2025, driven by the successful integration of its Indian logistics acquisition and a significant restructuring of its balance sheet.

Tesla Inc. delivered 358,023 vehicles worldwide in the first quarter, missing Wall Street's expectations and posting one of its worst sales quarters in years. Craig Trudell reports on Bloomberg Television.