Darkly Modern Guide to Beting on War, . . Traders Staring Down an Energy Crisis, . .Grounded Flights in Middle East Stall Gold Flows From Dubai, ..Markets Will Be Painful for More Than a Year

 

Politics

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Giuseppe Cacace/Getty Images

Trump Says US Will Escort, Insure Oil Tankers Amid Iran War

Rubio Spurs Backlash With Latest Rationale for Attacks on Iran

Macron to Deploy Aircraft Carrier to Shield Mideast Shipping

 

Bloomberg Businessweek

Fatemeh Bahrami/Anadolu/Getty Imges

A Darkly Modern Guide to Betting on War

The Iran conflict, and the way Kalshi and Polymarket handled wagers, shows weaknesses in prediction markets.

By Christopher Beam 

 

 

 

 

  

Current Time 0:44

Watch: Widening Iranian Attacks Pull Saudis Into Mideast Crisis

The Big Take

Trump’s War on Iran Has Traders Staring Down an Energy Crisis

Limited oil price surges signal that traders are betting on a short conflict. A lengthy disruption threatens to cause chaos across markets.

CO1

3.59%

CL1

3.27%

S&P 500

6,830.82USD

50.80–0.77%

Markets Wrap

Stocks Pare Losses on Trump’s Shipping Remarks

Grounded Flights in Middle East Stall Gold Flows From Dubai

Iraq Starts Huge Oil Cuts as Hormuz Blockage Fills Storage

Opinion Javier Blas

The U.S. Has to Reopen the Strait of Hormuz as Soon as Possible

Michael Nagle/Bloomberg

Bloomberg Invest Live

Brookfield’s Teskey Calls Private Credit Issues ‘Hiccups’

Apollo’s Rowan Says Epstein ‘Wasting My Time’ From the Grave

Soros CIO Says Markets Will Be Painful for More Than a Year

Carla Gottgens/Bloomberg

Blackstone’s Gray Defends Credit Portfolio Marks as Shares Slump

Blackstone's president called the concerns in the market a “ton of noise” as the company's shares fell to the lowest level since November 2023.

BX

3.46%

Apollo’s Rowan Warns of Shakeout Coming for Private Markets

Bloomberg Opinion

Sam Altman’s Sloppiness Works in Anthropic’s Favor

By Dave Lee, Columnist 

 

 

 

 

 

 

 

Apple

 

 

 

 

 

 

Apple Raises MacBook Air and Pro Prices in Face of Memory Crunch

The new MacBook Air and MacBook Pro look identical to their predecessors but add much faster processors.

AAPL

0.55%

0.54%

Google Adds Apple-Like Call Screens, Bag Tracking to Android

Kent Nishimura/Bloomberg

 

 

 

 

 

 

 

 

 

Trump, in Abrupt Reversal, to Continue Fight Against Law Firms

The Justice Department moved to withdraw its motion to voluntarily dismiss the appeals of its cases against Perkins Coie, WilmerHale, Susman Godfrey and Jenner & Block.

Yuki Iwamura/Bloomberg

Mamdani's Tax Threat Risks Worsening NYC Housing Crisis He's Trying to Fix

NYC Congestion Pricing Program Can Continue, US Judge Rules

NYC’s Free 2-Year-Old Care to Start in Upper Manhattan, Bronx

Texas Senate Primary Races Ignite Fierce Showdowns in Both Parties

FIFA Optimistic Amid Chaos 100 Days Out From World Cup

Live Nation Monopoly Has ‘Broken’ US Concert Market, DOJ Says

Chicago Billionaire Starts Building $750 Million Soccer Stadium

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