Trump Says He's Giving Iran 'Maybe' Until Early Next Week to Make Deal
"We may have to give (Iran) another big hit," President Donald Trump says while speaking with reporters at the White House.
"We may have to give (Iran) another big hit," President Donald Trump says while speaking with reporters at the White House.
Treasury Secretary Scott Bessent pressed US allies to join the US in enforcing sanctions on Iran and other malicious actors, saying, "Crushing the threat of terrorism compels all of you to step up and join us in rooting out the financing that sustains it." Bessent addressed the No Money for Terror conference on Tuesday, part of the meeting of the Group of Seven Nations in Paris.
McLaren CEO Zak Brown joined Bloomberg Open Interest to break down the team's hunt for motorsport's Triple Crown, why IndyCar still rewards elite driving talent, and how AI is changing Formula 1 strategy in real time. He also weighs in on controversial F1 regulations, fan growth, and the future of racing technology.
The Securities and Exchange Commission is expected to release its innovation exemption for tokenized stocks. Scott Patterson reports on "Bloomberg Open Interest."
Williams CEO Chad Zamarin joins Bloomberg Open Interest to explain why the AI boom is triggering the biggest natural gas demand surge in decades. He explores why data centers are overwhelming the power grid, why natural gas is becoming the backbone of AI infrastructure, and how America's energy "superpower" could protect the US from global energy shocks.
JPMorgan's David De Boltz explains why Wall Street is pouring unprecedented money into AI infrastructure, data centers, and GPU financing, while abandoning parts of the software market. On Bloomberg Open Interest, he breaks down the $5 trillion AI buildout, why investors are still buying despite rising rates, and the hidden refinancing risks emerging in tech credit.
Yields on the US Treasury's longest-dated bond rose to the highest level in almost two decades as investor concern over accelerating inflation fueled a selloff in global debt markets. The move represents a new high-water mark after a recent bond selloff pushed government yields around the globe to multiyear highs. Joe LaVorgna, Chief Economist at SMBC Nikko Securities, discusses the impact of higher inflation on rates, the US consumer, and President Trump's economic agenda.
Liberty Media CEO Derek Chang discusses the company's decision to simplify its corporate structure by breaking up into multiple entities, noting that it aims to better serve shareholders' interests in the evolving media landscape. He speaks with Lisa Abramowicz on the sidelines of the JPMorgan global technology, media and communications conference in Boston.
Wall Street's crowded chipmaker trade continued to unravel, dragging down stocks on speculation that a surge from this year's lows has gone too far amid war-fueled inflation risks that have sank bonds. Omar Aguilar, CEO and CIO at Schwab Asset Management, discusses his outlook on the markets as 30-year yields climb to a level last seen in 2007.
On this episode of Stock Movers with Alexis Christoforous: - Shares of CoreWeave (CRWV) and other neo-cloud companies slump premarket after Alphabet agreed to create an artificial intelligence cloud business with Blackstone. Google agreed to create an AI cloud business with Blackstone. - Meta (META) shares are moving as it's reassigning workers to new jobs related to artificial intelligence as part of a broad corporate restructuring. The new corporate structure will be "flatter" and mean "smaller teams", according to Chief People Officer Janelle Gale. - Home Depot (HD) shares are moving in the premarket after sales at Home Depot locations open at least a year rose 0.6% during the three months ended May 3, slightly below the average of analysts' estimates. Home Depot's business has been hit by elevated interest rates and high housing prices, which have sparked a pullback in home purchases and upgrade projects.
The European Central Bank may have to respond to the economic challenges arising from the conflict in the Middle East, according to Governing Council members Joachim Nagel and Francois Villeroy de Galhau, who spoke jointly to BTV's Oliver Crook on the sidelines of the G7 Finance Ministers meeting in Paris on Tuesday.
Navid Mahmoodzadegan, who stepped into the chief executive role at Moelis last October, has described a "return to normal" in the Middle East following months of the Iran War. The global investment bank has been a key player in the region with a history of advising Gulf transactions including the Aramco IPO. Mahmoodzadegan, also the company's co-founder, told Bloomberg's Francine Lacqua that the company is committed to the Middle East over the long-term.