Hugh Gimber, global market strategist at JPMorgan Asset Management, discusses market positioning as the Iran war continues and Macquarie said oil may hit a record $200 a barrel if the conflict drags on until June. "I think it would be a recession at $200 a barrel," Gimber tells Bloomberg Television. "That's why we're seeing such focus on finding an off-ramp," he adds.
Spain said Algeria will increase gas supplies to the nation as global energy markets face heightened instability linked to the war in Iran. The African country is already Spain's main gas supplier via the Medgaz pipeline, which links the two countries across the Mediterranean. Bloomberg's Priscila Azevedo Rocha reports.
Oil steadied as US President Donald Trump again pushed back a deadline for striking Iran's energy. Brent crude is on pace for a record monthly gain in March. Bloomberg's Anthony di Paola reports.
Iran indicated Thursday it was still awaiting a response after rejecting a US 15-point plan to end the war and offering its own conditions that would include recognition of its authority over the Strait of Hormuz. Meanwhile, Malaysian Prime Minister Anwar Ibrahim said Iran has allowed Malaysian vessels trapped in the Persian Gulf to return home through the Strait of Hormuz. Bloomberg's Joumanna Bercetche reports.
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.
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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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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.
The U.S. government has begun denying requests from companies seeking refunds for billions of dollars in illegal tariffs, despite a landmark Supreme Court ruling that struck down the levies last month.
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.
President Donald Trump threatened Iran with intensified military action in a social media post Thursday, saying Iran had "better get serious soon, before it is too late, because once that happens, there is NO TURNING BACK." Annmarie Hordern reports on Bloomberg Television.
Designer Brands (NYSE:DBI), the parent company of DSW and a global leader in brand development and footwear retail, today reported its financial results for the fourth quarter and full fiscal year ended January 31, 2026.
Formula Systems (NASDAQ:FORTY), a global information technology holding company, today reported record-breaking financial results for the fourth quarter and full year ended December 31, 2025.
The Lovesac Company (NASDAQ:LOVE), the omni-channel home brand famous for its "Designed for Life" Sactionals, today announced financial results for the fourth quarter and full fiscal year ended February 1, 2026.
Pony.ai (NASDAQ:PONY), a global pioneer in autonomous mobility, today announced its financial and operational results for the fourth quarter and full year ended December 31, 2025.
ParaZero Technologies (NASDAQ:PRZO), an aerospace company focused on drone safety systems for commercial and defense applications, today reported its financial results for the full year ended December 31, 2025.
Shoe Carnival (NASDAQ:SCVL), a leading family footwear retailer, today announced its financial results for the fourth quarter and fiscal year ended January 31, 2026.
Worthington Steel (NYSE:WS), a value-added metals processor, today reported financial results for its fiscal 2026 third quarter ended February 28, 2026.
BRP (NASDAQ:DOOO), the global leader in powersports vehicles and propulsion systems, today announced its financial results for the fourth quarter and full fiscal year ended January 31, 2026.
Commercial Metals Company (NYSE:CMC), a global leader in innovative solutions for the built environment, today reported financial results for its fiscal second quarter ended February 28, 2026.
