Bitcoin rally fades as war tensions return
Bitcoin dropped below $71,000 on Wednesday after briefly rallying to $72,700 as optimism over a US-Iran ceasefire quickly faded amid renewed Middle East conflict.
Bitcoin dropped below $71,000 on Wednesday after briefly rallying to $72,700 as optimism over a US-Iran ceasefire quickly faded amid renewed Middle East conflict.
Tehran officially closes the Strait of Hormuz following the violations of the April 8 ceasefire.
Levi's CEO Michelle Gass said that both celebrity ad campaigns and organic pop culture moments have contributed to Levi's boosted outlook as the jeans brand collaborated with Beyonce and were featured on the fashion forward FX series 'Love Story.' Gass also discussed supply chain consideration as US-based companies face higher transportation costs and tariffs on manufacturing.
Matthew Luzzetti, Deutsche Bank chief US economist and head of US Economic Research, said that the US economy has revealed to be 'very resilient' in the fact of 'abnormal and historic' shocks over the last year. Luzzetti said that the geopolitical situation points the fed in a more hawkish direction, but it doesn't necessarily overturn a resilient view of the economy.
Coldwell Banker Affiliates President Jason Waugh discusses housing stocks bracing for the spring selling season, 'healthy and strong' demand, and why uncertainty is driving the market. He talks with Katie Greifeld and Romaine Bostick on "the Close."
Apollo Private Equity Co-Head David Sambur discusses how dealmaking is persisting despite uncertainty around the Iran war, saying that while deal markets want calmness and certainty, 'fortunes are made in volatility." He talks with Katie Greifeld and Romaine Bostick on "The Close."
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Matt Zimmer, global head of investment banking at William Blair, joins Dani Burger and Scarlet Fu on "Bloomberg Deals." They discuss which sectors stand to see a slowdown or acceleration in dealmaking amid global fuel constraints.
Insiders say activist investors are making greater efforts to engage with companies to affect change from within. Shaun Mathew, partner and head of shareholder activism and hostile takeover defense at Kirkland & Ellis, joins Dani Burger on "Bloomberg Deals" to discuss.
Tradeweb CEO Billy Hult discusses the bond trading market and the room for opportunities in predictive markets. He talks with Romaine Bostick and Katie Greifeld on "The Close."
Elizabeth Gonzalez-Sussman, partner and head of shareholder engagement and activism; M&A at Skadden, joins Dani Burger and Scarlet Fu on "Bloomberg Deals." She discusses how activist investors must navigate buying opportunities despite greater headwinds for companies.
Bloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals." Gilead agreed to buy private German biotech Tubulis in a deal worth up to $5 billion as it looks to boost its portfolio in a hot new area of cancer drug development.