Bond bears are pushing benchmark Treasury yields toward the closely-watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week. Bloomberg MLIV's David Savage reports.
Brent oil traded near $107 barrel as fighting between Yemen-based Houthi militants and Saudi-backed forces intensified. The global benchmark surged more than 6% in the previous session and is on track for its biggest weekly gain since July. Bloomberg's Ben Sharples reports.
A trademark fight with a local tea maker sparked a patriotic backlash that exacerbated a demand slump for LVMH's most profitable label. While the broader downturn in the Asian powerhouse has slammed all luxury brands, LVMH Moët Hennessy Louis Vuitton SE's flagship label was the worst hit in July and August, people familiar with the matter said.
Iran and the US are digging in for a protracted war, with little sign of a near-term ceasefire or return to normal Middle East energy flows even if hostilities remain at a low intensity. The conflict has entered a form of stalemate, with critical issues including control of the Strait of Hormuz and Iran's nuclear program still unresolved. Bloomberg's Stuart Livingstone-Wallace breaks down the situation.
AMP economist My Bui projects US 10-year Treasury yields could reach 5% as structural inflation drivers remain intact. She notes that sustained market pressures may keep Federal Reserve interest rates elevated as equities come under pressure, creating a situation where investors lack safe havens amidst market turmoil.
Matt Freese, Goalkeeper for the US Men's National Soccer Team and New York City FC discusses the business of soccer with Bloomberg's Vanessa Perdomo at Bloomberg Power Players 2026 in New York.
Fanatics' Betting and Gaming CEO Matt King discusses the company's newly launched all-in-one app, which combines sports betting, casino, and prediction markets. King discusses Fanatics' position in a market long dominated by DraftKings and FanDuel, and asked King how much share Fanatics has gained so far. He speaks with Romaine Bostick on "The Close."
Constance Schwartz-Morini, cofounder and CEO of SMAC Entertainment, joins the program to discuss how the business of sports has shifted from simple endorsement deals to the "athlete as an enterprise" model. Schwartz-Morini notes that athletes once viewed a Nike or Wheaties deal as the peak of commercial success, but now many can generate income through owned media, consumer brands, licensing, and intellectual property. She speaks with Romaine Bostick on "The Close."
Jacek Olczak discusses Zyn's strong demand and asking whether those issues have now been resolved. The conversation also focused on Philip Morris International's year-end market share target for Zyn and whether offering larger cans with 15 to 20 pouches could boost revenue as well as margins. He speaks with Romaine Bostick on "The Close."
Rishi Jaluria, RBC Capital Markets software equity research managing director, reacts to Oracle's first-quarter earnings. Speaking on "Bloomberg The Close," Jaluria also says the overall AI trade is more durable than the market is giving it credit for right now.
UAE Minister of State for Foreign Trade Thani Bin Ahmed Al Zeyoudi says that 10 billion of the 40 billion the UAE is investing in Germany will go to Bavaria, and the rest will be for a variety of sectors, including AI. Speaking exclusively with Bloomberg's Abeer Abu Omar, he says that the Emirates is working toward gaining direct access to Berlin, which he hopes will be finalized before the end of the year.
Bloomberg's Michelle Kaske joins Scarlet Fu on "Bloomberg Deals." New York City's transit network is planning to offer $785 million of debt backed by a levy on sales of luxury real estate.
