Citi Research Global Chief Economist Nathan Sheets discusses the impacts of the conflict in Iran on the economy, next steps for the Federal Reserve, and the possibility of seeing headline inflation 'move up over the coming months.' He talks with Romaine Bostick and Katie Greifeld on "The Close."
KPMG Global Head of Oil & Gas Angie Gildea discusses 'unprecedented times' in the oil and gas industry, highlighting how the closing of the Straight of Hormuz would further limit options moving forward, and that releasing barrels would only be a temporary fix to the problem. She talks with Katie Greifeld and Romaine Bostick on "The Close."
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Nathan Sheets, global chief economist at Citi Research, discusses the implications of persistently high oil prices on US inflation and the consumer economy. He notes that while core inflation remains relatively unaffected, headline inflation could rise by as much as half a percentage point in the coming months due to these elevated energy costs.
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.
Global energy markets are reeling as oil tracks toward its most significant weekly gain in four years, fuelled by escalating conflict in the Middle East.
Global oil prices held steady on March 3 as energy markets braced for an intensification of conflict in the Middle East.
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 Campbell’s Company (NASDAQ:CPB) reported second-quarter fiscal 2026 results on Wednesday, revealing a challenging operating environment that prompted management to update its full-year guidance.
Tesla (NASDAQ:TSLA) reported on Wednesday that sales of its China-made electric vehicles rose for a fourth consecutive month in February, significantly outpacing prior-year figures.
Cintas (NASDAQ:CTAS) announced on Wednesday that it has entered into a definitive agreement to acquire rival UniFirst (NYSE:UNF) for $310 per share.
Anthropic PBC warned a federal judge on Tuesday that it faces the potential loss of billions of dollars in revenue this year due to the Trump administration’s decision to label the artificial intelligence startup a national security risk.
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