Latest news in United States.

Market declines sparked by the Iran war are morphing into a full-blown rout across Wall Street. Efforts to broker an end to the fighting and restart the flow of Middle East oil produced only further escalation, which in turn fueled an ever-greater sense of dread in markets. The Nasdaq 100 fell 1.9% on Friday alone and sank into correction; the S&P 500 slipped for a fifth week, capping its longest losing streak since 2022; bonds fell, pushing the benchmark 30-year yield towards 5%; and Bitcoin is at about half its pre-war peak.  The bond selloff has been driven not only by rising inflation expectations but also by a repricing of what central banks intend to do next, a shift playing out from Washington to Frankfurt to Tokyo. Kathy Jones, Chief Fixed Income Strategist at Schwab Center for Financial Research, joins Bloomberg Businessweek Daily to discuss. She speaks with Tim Stenovec and Isabelle Lee.

The US and Israel bombed Iranian nuclear and steel facilities on Friday, while Iran retaliated across the Persian Gulf, causing markets to sink and oil prices to rise amid fears an extended Middle East conflict will drag down the global economy. Airstrikes on Friday targeted a heavy water research reactor that's part of Iran's Arak nuclear complex and a yellow cake production plant in Yazd province, as well as two of the country's biggest steelmakers, according to Iranian state media reports. Spencer Faragasso, Senior Fellow with the Institute for Science and International Security, joins Bloomberg Businessweek Daily to discuss. He speaks with Tim Stenovec and Isabelle Lee.

The Trump administration is signaling to allies that it has no immediate plans for a ground invasion of Iran, even as it deploys thousands of troops to the Middle East, people familiar with the matter said. The people, who asked not to be identified discussing private deliberations, cautioned that President Donald Trump could change his mind at any moment or go ahead with an attack. A risk-off mood continued to grip markets Friday, with major US indexes entering correction territory as investors grow increasingly skittish on geopolitical risk. Bloomberg News National Security Editor Iain Marlow joins Bloomberg Businessweek Daily to discuss. He speaks with Tim Stenovec and Isabelle Lee.

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.