Council on Foreign Relations Senior Fellow for Middle Eastern Studies Elliott Abrams believes that despite the tensions in Iran, President Trump will not put US boots on the ground, drawing a contrast between the tensions with Iran and those of Iraq and Afghanistan. He talks with Romaine Bostick and Bailey Lipschultz on "The Close."
Gap reported fourth-quarter sales and profit that came in slightly below expectations, as two of its apparel chains underperformed. But CEO Richard Dickson says it was a successful quarter and they have a "fantastic transformation story" to tell. He speaks to Bloomberg's Lisa Abramowicz.
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.
Federal Reserve Bank of Cleveland President Beth Hammack said interest rates could be on hold for quite some time as inflation comes down and the labor market stabilizes further. She says the economy is in a reasonably good place. She speaks to Bloomberg's Michael McKee in New York.
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.
Nonfarm payrolls dropped by 92,000, analysts expected a gain of 55,000. The unemployment rate climbed to 4.4%. Bloomberg's Michael McKee reports.
Embraer (NYSE:EMBJ) reported fourth-quarter and full-year 2025 results on Friday that significantly outpaced Wall Street projections, fueled by a year-end surge in aircraft deliveries and expanding margins.
Hurco Companies (NASDAQ:HURC) reported a reduced net loss for the first quarter of fiscal 2026, finding a silver lining in a double-digit surge in domestic orders despite a dip in global sales.
Pfizer (NYSE:PFE) significantly expanded its metabolic footprint on Friday, announcing that Chinese regulators have approved its GLP-1 receptor agonist, Xianweiying (ecnoglutide), for long-term weight management in overweight and obese adults.
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