President Donald Trump said he didn't believe Iran was laying mines in the Strait of Hormuz and repeated his suggestion that the war would end soon, even as the confirmation of an emergency oil release did little to calm volatile markets. Asked Wednesday whether Iran had laid mines in the strait, Trump told reporters, "We don't think so."
Saba Capital Management's Boaz Weinstein began offering investors quick cash for their stakes in such vehicles run by Blue Owl Capital. Now he's making the same proposal to backers of a Starwood Capital Group real estate fund that has severely curtailed withdrawals for nearly two years. Loukia Gyftopoulou, Bloomberg reporter, joins Dani Burger on "Bloomberg Deals" to discuss the deal.
The cash-and-stock transaction is expected to close in the second half of this year, subject to shareholders' approvals, and will help the companies compete in the garment industry. Bloomberg's David Carnevali joined Dani Burger on "Bloomberg Deals" after helping to break this story.
Whether with M&A, IPOs or fundraisings, aerospace and defense companies and other owners of military assets are rushing to market at a time when global conflicts are threatening to stifle dealmaking in other sectors. Aaron Kirchfeld, Bloomberg deals executive editor, joins Dani Burger.
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.
_1358228_640x360_2491640387869-640x360.webp&w=1200&q=75)
-640x360.jpg&w=1200&q=75)
-640x360.jpg&w=1200&q=75)
-1-640x359.jpg&w=1200&q=75)
