The Iran war is sending shock waves through the global aluminum industry, with manufacturers facing a spike in prices and traders expecting widespread suspensions of supply contracts unless flows through the Strait of Hormuz resume quickly. Aluminum is the most ubiquitous industrial metal after steel, but in recent years the market has been periodically rocked by supply shocks that have exposed fragilities in the complex network of bauxite mines, alumina refineries and aluminum smelters that supply to manufacturers around the world often in highly specialized forms that can't readily be replaced. Timna Tanners, Managing Director of Equity Research at Wells Fargo Securities, joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec from the Bloomberg Invest conference in New York City.
FIFA World Cup 26 NYNJ Host Committee CEO Alex Lasry believes that the New York-New Jersey area is 'more than ready' for the upcoming games, citing an emphasis on four key pillars: security, transportation, fan engagement, & economic impact. He talks with Romaine Bostick and Katie Greifeld on "The Close."
China's leaders are gathering in Beijing for the National People's Congress as economic priorities collide with rising geopolitical risks abroad. Stephen Engle reports from Beijing with a preview of what to watch.
In times of uncertainty, we often look for something solid to hold onto. Lately, it seems the world’s investors have decided that “something solid” is, quite literally, gold.
The metal’s soaring price is more than just a market trend; it's a global barometer of anxiety.
When faith in currencies, governments, and traditional financial systems begins to waver, we see a familiar flight to the perceived safety of this timeless asset.
Well, pull out the party hats and dust off the stock tickers.
Lithium, the commodity that investors and analysts had all but left for dead in the great market purge of 2023-2024, is back.
The stock market has long treated Tesla (NASDAQ:TSLA) less as a traditional automaker and more as a futuristic technology cult, with its valuation soaring on the gravitational pull of its CEO, Elon Musk.
This persistent "Musk Premium" has burned countless short-sellers.
Bitcoin has vaporised more than US$800 billion in its latest crash and sucked US$1 trillion out of the broader crypto market.
With nearly US$2 trillion in market value and rising allocations from Wall Street firms, ETFs, pension funds, and insurers, Bitcoin is increasingly woven into traditional finance.
U.S. Customs and Border Protection (CBP) will officially stop collecting billions in trade duties at 12:01 a.m. EST on Tuesday, following a landmark Supreme Court ruling that declared President Donald Trump’s use of emergency powers to levy tariffs illegal.
The U.S. Supreme Court delivered a historic blow to President Donald Trump’s economic agenda Friday, ruling 6-3 that the administration overstepped its constitutional authority by using a national emergency statute to impose sweeping global tariffs.
The January US jobs report surprised to the upside, adding 130,000 roles as unemployment dipped to 4.3% and wages stayed contained.
Target (NYSE:TGT) posted a solid fourth-quarter performance on Tuesday, as the big-box retailer leaned into its digital marketplace and subscription services to offset a broader slowdown in discretionary consumer spending.
AutoZone (NYSE:AZO) reported an 8.1% increase in second-quarter sales on Tuesday, as the company’s aggressive store expansion and inflation-driven pricing offset a dip in net income caused by technical accounting charges.
On Holding reported a double-digit jump in fourth-quarter sales, fueled by an explosive performance in Asia-Pacific and record-high gross margins, even as a decline in net income underscored the costs of its rapid global scaling.
Kontoor Brands (NYSE:KTB) posted a sharp increase in fourth-quarter revenue on Tuesday, clearing the $1 billion threshold as the company reaps the benefits of its 2025 acquisition of Helly Hansen and continued momentum in its core denim business.
Sea Limited (NYSE:SE) capped a transformative fiscal year with a massive jump in bottom-line growth, signaling that the Southeast Asian internet giant has successfully pivoted from cash-burning expansion to a sustainable, high-margin model.
Thor Industries (NYSE:THO) reported a return to profitability in its fiscal second quarter, bolstered by strong motorized RV demand, while simultaneously moving to dismantle its long-standing decentralized business model in North America.
Versant Media Group (NASDAQ:VSNT) marked its first full year as an independent company by initiating an aggressive capital return program, signaling confidence in its cash-generation even as it navigates a transition away from former parent Comcast.