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A selloff in tech giants sent stocks lower, with the market also falling as oil jumped after clashes over the Strait of Hormuz raised concerns about a disruption in energy supplies that could fuel inflation. Stuart Kaiser, Head: US Equity Trading Strategy at Citi gives his outlook on the markets and looks ahead to June CPI out Tuesday.

Oil gained after the US carried out another wave of strikes against Iran, with the two sides disputing whether the Strait of Hormuz was open. Ed Morse, Senior Advisor and Commodity Strategist at Hartree Partners, discusses what's next for energy markets amid uncertainty in the Strait of Hormuz.

Oil gained after the US carried out another wave of strikes against Iran, with the two sides disputing whether the Strait of Hormuz was open. Ed Morse, Senior Advisor and Commodity Strategist at Hartree Partners, discusses what's next for energy markets amid uncertainty in the Strait of Hormuz.

On this episode of Stock Movers: - MGM Resorts International (MGM) shares are rising on a report regarding a potential takeover bid from Barry Diller. - SK Hynix (SKHY) shares are lower and other memory stocks are also falling. It is lower over concerns with the sustainability of artificial-intelligence spending. The drop in South Korean trading is likely to cause a hit to the American depositary receipts as well. The debate between the optimists and pessimists will continue, which should create volatility, according to Hendi Susanto, portfolio manager at Gabelli Funds. - Agenus (AGEN) shares are moving higher on news of a deal that it's selling up to $3540 million worth of securities.

Rockefeller Capital Management President and CEO Greg Fleming says selling Merrill Lynch remains his biggest career regret, reflecting on whether more could have been done to preserve the iconic firm. This interview was recorded for Bloomberg Wealth with David Rubenstein on May 13, 2026.

Rockefeller Capital Management President and CEO Greg Fleming says the growing U.S. debt burden is his biggest economic concern, while he says AI could help ease inflation through productivity gains. This interview was recorded on May 13, 2026.

Anna Edwards, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Iran and the United States traded tit-for-tat attacks over the weekend, with both sides issuing conflicting declarations on whether the Strait of Hormuz is open for shipping. John Sfakianakis, Chief Economist and Head of Research at the Gulf Research Center, told Abeer Abu Omar on Horizons Middle East and Africa that return to a full scale-war is a possibility but we are "not yet" there.

This summer's heat waves may have already resulted in more than 2,700 deaths in England and Wales. That's according to an estimate published on Monday by researchers at Imperial College London, the UK Met Office and the London School of Hygiene and Tropical Medicine. Bloomberg's Joe Wertz reports.

McLaren Minerals (ASX:MML) has completed its 2026 drilling programme at the McLaren deposit, tracking 11,568m.

Private capital data platform, Magnitt, says Middle East venture funding fell 22% in the first half of the year, with actual deal count plunging by 41%. Many of the deals were signed before the US-Israel attacks on Iran. CEO Philip Bahoshy told Abeer Abu Omar on Horizons Middle East and Africa that the real test will hit this summer.

Kuniko (ASX:KNI) commenced its Phase 2 diamond drilling program at the Commonwealth-Silica Hill Project in New South Wales.