Tuesday Exasperated

 

Current Time 0:02

Watch: US-Iran Strikes Extend to 10th Day as Mediators Push Truce

Exclusive

US Allies in Persian Gulf Exasperated as Iran War Escalates

The Gulf states’ exasperation is underscored by their wide-ranging views on what the US should do next.

CO1

2.70%

CL1

2.74%

Related

US-Iran Strikes Extend to 10th Day as Houthis Threaten Ships

How the Iran War Is Exposing Risks to Gulf Water Supply

Nasdaq-100 Index

29,110.11USD

829.66+2.93%

Markets Wrap

Stocks Climb as Rebound in Chipmakers Gathers Pace

Wall Street staged a comeback as dip buyers emerged, lifting stocks amid a rally in chipmakers.

Related

Intel Rallies After Saying It’ll Make More Headcount Reductions

Wall Street Talks Up Carry Trade as Returns Soar Most in Decades

Dhiraj Singh/Bloomberg

Exclusive

Apple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur Sales

The initiative will launch initially at least in the US and will be available both in its physical retail stores and online

AAPL

0.67%

KLAR

2.56%

OpenAI’s Agents Reach 10 Million Users After ChatGPT Work Debut

Lam Yik/Bloomberg

Exclusive

China’s Moonshot in Talks on Pre-IPO Funds at $50 Billion Value

The speed with which Moonshot is tapping capital markets underscores investor interest in a startup that’s upended perceptions of how far Chinese AI technology lags American.

Related

OpenAI’s Altman to Brief US Officials on Next Wave of AI Models

Quant Hedge Fund ‘Free Fall’ Spooks Wealthy Investors in China

Benjamin Cremel/AFP/Getty Images

Exclusive

BlackRock vs BlackRock: Aston Martin Debt Revamp Risks In-House Clash

The potential debt revamp is setting the stage for an unusual battle between different divisions of the asset management giant.

BLK

0.03%

AML

0.34%

Aston Martin Creditors Ramp Up Pressure on Struggling Carmaker

Bloomberg Opinion

Middle Powers Will Keep Ganging Up Against the US

By Andreas Kluth, Columnist

Private Credit and Data Center Wraps Are 2008 Redux

By Paul J. Davies, Columnist

The Cyclosporiasis Outbreak Is a Master Class in Miscommunication

By Lisa Jarvis, Columnist

The Problem With ‘Backdoor’ Job References

By Stephen Mihm, Columnist

Spencer Platt/Getty Images

New York City Rush Hour Threatened by Heavy Rain, Flooding

The New York City area is forecast to see as much as four inches (10 centimeters) of rain on Tuesday.

Texas Heat Wave Collides With Tropical Storm Bertha

Current Time 0:03

Watch: Novo Sues Rival Lilly Over Weight-Loss Ads (Correct)

Novo Nordisk Sues Eli Lilly in US Over Obesity Drug Ads

Novo says that Lilly’s advertising campaigns rely on outdated weight-loss comparisons with lower doses of Novo’s obesity shot Wegovy.

NOVOB

1.76%

LLY

1.37%

Businessweek

How Eli Lilly Got Huge by Making Us Thin

Stephanie Bassos/Bloomberg

Trump Extends Pardons to Companies, Echoing a 17th Century King

Since taking office for the second time, Trump has become the first modern US president to issue pardons for companies.

Trump Has Spent 0.6% of His $401 Million Super PAC to Boost GOP

Eight Bosses on Their Biggest Money Regret

Businessweek

Van Leeuwen’s Path From a Single Ice Cream Truck to a Dessert Giant

The Big Take

Prediction Markets Are Minting a New Type of Insider Trader

IRS Chief Denies Report He Spied on Colleagues While at JPMorgan

Exclusive

Google Expands in Miami After Its Billionaire Founders Buy Homes

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  • Intel Rallies After Saying It’ll Make More Headcount Reductions

    
  • OpenAI’s Altman to Brief US Officials on Next Wave of AI Models

    
  • Adobe, Salesforce Downgrades Are Latest Show of AI Fears

    
  • Nvidia Touts Progress Getting New Rubin Design to Customers

    
  • China’s Moonshot in Talks on Pre-IPO Funds at $50 Billion Value

    
• Energy

  • Trump Extends Pardons to Companies, Echoing a 17th Century King

    
  • US Allies in Persian Gulf Exasperated as Iran War Escalates

    
  • Indian Refiners Come to the Rescue of Russia’s Oil Exporters

    
  • IRS Chief Denies Report He Spied on Colleagues While at JPMorgan

    
  • Treasury Yields Hit Two-Month High as Oil Sparks Inflation Risk

    
• Deals

  • Liverpool FC Owners Consider Selling Stake to Bhatia-Led Group

    
  • Utz Jumps 90% on $2.9 Billion Deal With Intersnack to Go Private

    
  • SpaceX’s Great Unlocking Begins With $116 Billion Share Release

    
  • Activist Barington Pushes Chemed for Strategic Review

    
  • Banco CTT Said to Draw Interest from Spain’s Cajamar

    
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Watch

• 

  1:37

  Video:China's AI Ambitions on Display at Tech Conference

• 

  1:30

  Video:How India's Exam Scandal Sparked Nationwide Protests

• 

  1:18

  Video:Australia Wants China 'Transparency' on Military Buildup

• 

  1:17

  Video:Burnham Vows ‘New Economic Model’ as UK Prime Minister

• 

  2:03

  Video:Odd Lots: Claude Code Creator On The Era of Vibe Coding

• Opinion

  

  1:43

  Video:Who Is the UK’s New Prime Minister?

• 

  1:57

  Video:Dating Apps Have a Growing AI ‘Chatfishing’ Problem

• 

  0:59

  Video:Protests Erupt in India’s Capital Over Education Crisis

Bloomberg Businessweek

Gwendal Le Bec

Eight Bosses on Their Biggest Money Regret

The professional and personal finance lessons founders and CEOs have learned along the way.

By Kate Krader

Trump Vows Iran ‘Will Pay’ for US Deaths as Mediators Push Truce

Oil swung between gains and losses on Monday on the prospects for further escalation and detente in the conflict.

Oil Swing Sharply

CL1

+0.63%

CO1

+1.23%

Oil Swings on Truce Proposal Report, Houthi Ban on Saudi Ships

In refined products, gasoline and diesel have again climbed above $4 and $5 a gallon, respectively.

Shipowners Offer Huge Bonuses to Get Crews to Sail Hormuz

Yemen’s Houthis to Impose Maritime Blockade on Saudi Arabia

The AI Race

China’s Moonshot AIAnthropic IPO NearsCarbon Emissions Spike

Watch: How Moonshot AI's Kimi K3 Puts Pressure on US Tech

Exclusive

Moonshot’s Gamble on Big Models Pays Off for Chinese AI Sensation

Google Shares Gain on Report of Chip to Boost AI Efficiency

Markets Wrap

Stocks Halt Back-to-Back Slide as Chipmakers Climb

Current Time 0:09

Watch: Paramount-Warner Bros. Deal Temporarily Paused by Judge

Breaking

Paramount-Warner Bros. Judge Pauses Deal With ‘Serious’ Concerns

A federal judge temporarily paused Paramount’s $110 billion takeover of Warner Bros.

PSKY

0.34%

WBD

3.03%

David Paul Morris/Bloomberg

Taco Bell Traffic Sinks After Lettuce Tied to Parasite Outbreak

The chain has voluntarily removed all lettuce in the US supplied by Taylor Farms — one of the country’s biggest producers.

YUM

0.33%

0.27%

What You Can Do to Avoid Getting the Diarrhea-Causing Parasite

Bloomberg Opinion

Government-Owned AI Is a Terrible Idea

By Michael R. Bloomberg

The Federal Reserve Needs to Tighten Monetary Policy

By Bill Dudley, Columnist

Expect More Data Center Moratoriums — and Slower Growth

By Allison Schrager, Columnist

Regulate AI Like We Do the Airline Industry

By Gautam Mukunda, Columnist

Burnham Vows ‘New Economic Model’ to Bring Stability to UK

Live

John Healey Named UK Chancellor in Surprise Move

Current Time 0:23

Watch: Why Thousands Are Reconsidering Their Move to Miami

Miami Is Losing Its Claim to a Cheaper Cost of Living Than NYC

Trading cold, expensive New York City for lower taxes and warmer weather in Miami was long a no-brainer. No more. 

Earlier

Ken Griffin Bought Out All 138 Condos in Miami Tower, One by One

Hitesh Sonar

The Big Take

Wall Street Alchemists Tap Insurers to Unfreeze Private Markets

Bankers and advisers are devising wrappers, repacks and more to turn private fund assets into more appealing products.

Earlier

How Americans’ Nest Eggs Built a Private Equity Loan Revolution

Moonshot’s Kimi K3 May Be More About Memory Than Compute

Trump Says Netanyahu Won’t Be Arrested After Mamdani Threat

6:38

World Cup Ends With Glory for Football and Hard Cash for FIFA

Peptides Craze Has Curious Consumers Turning to Crypto to Get Their Fix