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Breaking News
IEA to Release 400 Million Barrels of Oil From Reserves
The International Energy Agency will release 400 million barrels of oil from reserves as governments try contain energy prices driven higher by the war with Iran. IEA Director Faith Birol made the announcement in Paris.
Uber and Zoox CEOs on Partnering to Offer Robotaxi Rides
Uber CEO Dara Khosrowshahi and Zoox CEO Aicha Evans discuss their new partnership to offer Zoox's purpose-built, fully autonomous robotaxis on the Uber app, starting in Las Vegas and expanding to Los Angeles next year. They speak with Ed Ludlow on "Bloomberg Open Interest."
Meta Will Deploy Four New In-House Chips to Handle AI Workloads
Meta Platforms will deploy four new generations of its in-house artificial intelligence chips by the end of 2027 as the company turns to custom silicon to help power its rapidly expanding AI workloads. Ed Ludlow reports.
Insights
What’s behind the panic-buying of gold?
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.
Surprise! Lithium gets a recharge
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.
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Billionaire bears take a swipe at Tesla
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.
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Can Bitcoin bring down the global financial system?
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.
Economy
Oil records biggest weekly surge since 2022
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.
Economy
Oil prices steady amid escalating Middle East conflict
Global oil prices held steady on March 3 as energy markets braced for an intensification of conflict in the Middle East.
Economy
U.S. Customs to halt invalidated tariffs as Trump pivots to new 15% global levy
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.
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