Steven Major Sees Bonds Facing Stagflation Scenario
Steven Major, global macro advisor at Tradition Dubai, says the global bond market seems to be pricing in a lot of stagflation risk.
Steven Major, global macro advisor at Tradition Dubai, says the global bond market seems to be pricing in a lot of stagflation risk.
"We think this is not days, for sure, but it's not months either," says Jean Boivin, head of BlackRock Investment Institute, as he sees the energy-led supply chain shock of the Iran war lasting "in the realm of weeks."
G-III Apparel Group (NASDAQ:GIII) on Wednesday reported fiscal 2026 net sales of $2.96 billion for the period ended January 31, 2026, a decrease of 7% from the prior year, reflecting softer wholesale demand in certain categories and ongoing challenges in the retail apparel environment.
Bloomberg's Tom Mackenzie speaks to Deel President and CFO Joe Kauffman at the DisrupTech conference in London on the company's growth and how the AI changes in the labor market are helping their business.
Gyre Therapeutics (NASDAQ:GYRE) reported a year of strategic transformation and steady financial growth for the full year 2025, posting total revenue of $116.6 million, a 10.2% increase compared to the prior year.
Oman's key oil export terminal was evacuated and two crude tankers were hit in Iraqi waters, as risks to global energy supply from the Middle East war deepened. Ships were ordered to leave the port of Mina Al Fahal in Oman as a precautionary measure, according to people who directly received a notice from a port agent. The attacks on the vessels off the coast of Iraq also prompted the nation's oil terminals to suspend operations. he latest developments point to an increase in retaliatory attacks from Iran, adding to pessimism that the war will persist for longer. Our EMEA News Director Will Kennedy joined Stephen Carroll and Caroline Hepker on Bloomberg Radio to discuss.
BMW AG Chief Executive Officer Oliver Zipse says the automaker isn't currently seeing any supply-chain disruptions due to the conflict in the Middle East. Speaking to Bloomberg's Oliver Crook, he also talks about the company's 2026 outlook, saying "we will see a rather stable environment overall at BMW."
Dubai International Airport briefly halted operations on Wednesday after drones smashed down at the facility, resulting in four injuries at the world's busiest international hub. The widening war with Iran continues to disrupt travel with more than 46,000 flight cancellations across the region since the conflict began on Feb. 28. Bloomberg's Leen Al-Rashdan reports.
Iran's strikes on Gulf nations continued even as they laid out demands for a truce. Iranian President Masoud Pezeshkian said the only way to end the war is "recognizing Iran's legitimate rights, payment of reparations, and firm int'l guarantees against future aggression." Hasan AlHasan, Senior Fellow for Middle East Policy at IISS spoke to Bloomberg's Jennifer Zabasajja on Horizons Middle East and Africa on the likelihood of a ceasefire.
Oman's key oil export terminal was evacuated and two crude tankers were hit in Iraqi waters, as risks to global energy supply from the Middle East war deepened. Bloomberg's Joumanna Bercetche reports from Dubai.
Morgan Stanley's Jonathan Garner discusses the outlook for oil prices as risks from the Iran war spread widely across the Middle East.
Xiaoyan Zhang, Associate Dean at the PBC School of Finance at Tsinghua University, says China is committed to boosting domestic consumption and has a broad policy toolbox to do so. Speaking on Bloomberg's The China Show, she also explains how China is rebalancing its economy by increasing imports.