Oil rose for a fourth day as the US and Iran showed no signs of progress towards a peace deal after almost six months of conflict. While Hormuz remains at stalemate, UAE said it fended off 2 missiles from Iran, but Tehran denies the attack. Karen Young, Senior Research Scholar at the Columbia University Center on Global Energy Policy spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa as the conflict rages on.
The Trump administration delayed 50% tariffs on billions of dollars of Canadian products for three days, saying the two sides had reached a tentative agreement to resolve a broader trade dispute that had plunged relations to a fresh low. President Donald Trump announced the decision less than two hours before the tariffs were set to take effect. Bloomberg's Derek Wallbank reports.
Bond traders are looking to hedge the risk that the Federal Reserve pivots to cutting rates in 2027. The dovish wagers are at odds with recent moves in the Treasuries market, which saw yields on long-dated bonds climb to multiyear highs as a Fed on hold would keep inflation running above its target for longer. Bloomberg's Ven Ram has more.
Bond traders are looking to hedge the risk that the Federal Reserve pivots to cutting rates in 2027. The dovish wagers are at odds with recent moves in the Treasuries market, which saw yields on long-dated bonds climb to multiyear highs as a Fed on hold would keep inflation running above its target for longer. Bloomberg's Ven Ram has more.
A global selloff in semiconductor stocks deepened as investors retreated from one of the year's hottest trades. Shares of Samsung and SK Hynix slumped more than 7% in Seoul after losses in US chipmakers sent the Philadelphia Semiconductor Index down 5% on Tuesday. Bloomberg's Winnie Hsu has the details.
FGE NexantECA Chairman Emeritus Fereidun Fesharaki tells Bloomberg TV that Iran can only survive a few more months of curtailed income due to the Strait of Hormuz conflict. He adds that the US may consider waiting out the regime for a better deal.
James Peng, CEO of Pony AI, says the company plans to expand its robotaxi fleet across more Chinese cities to meet growing demand. He speaks to David Ingles and Yvonne Man on "Bloomberg: The China Show."
Zhang Guibing, President of AiMoGA Robotics, says the key to the company's strategy is integrating automotive and robotics platforms through both technology and supply chain capabilities. He speaks to David Ingles and Yvonne Man on "Bloomberg: The China Show."
Junghwan Lim, CEO of Korean AI startup Motif Technologies, discusses the company's business strategy as it works to develop AI models capable of competing with leading global frontier models. He speaks with Haidi Stroud-Watts and Paul Allen from the AI Summit & Expo in Seoul.
Sungkyue Shin, CFO of AI chip startup Rebellions, says the company is in active preparations for an IPO, with a listing on South Korea's main stock exchange as its top priority. He speaks with Haidi Stroud-Watts and Paul Allen from the sidelines of the AI Summit & Expo in Seoul.
US President Donald Trump insisted that there were no talks ongoing with Iran, leaving the conflict in the Middle East and control of the Strait of Hormuz stuck in limbo. Bloomberg's Jeff Mason shares his perpective.
Feel Good Foods has been selling gluten-free frozen foods since 2012, eventually starting to outsell legacy frozen food brands like PF Chang's and TGI Fridays. CEO Vanessa Phillips founded the brand after being diagnosed with celiac disease and college, and refusing to give up her favorite foods. She says the brand doesn't just serve gluten-free consumers, saying most customers buy the product because it "works for them and their lifestyle."
