Market News
- Two Months to get Oil Back Online is 'Optimistic,' Says Rebecca Babin
on April 13, 2026 at 6:34 pmRebecca Babin, senior equity trader and managing director at CIBC Private Wealth, said that the markets are using a two month base case as the predicted time it would take to get oil production back up and running after the end of war with Iran, a timeline she finds 'optimistic.' Babin said that even if US oil exports grows to 5 million barrels a day, it still won't be enough to fill in the supply lost to the closure of the Strait of Hormuz. (Source: Bloomberg)
- UN Warns of Food Risks From Fertilizer, Energy Trade Curbs
by Ilena Peng on April 13, 2026 at 6:30 pmThe United Nations urged countries not to limit shipments of energy and fertilizers as the conflict in the Middle East deepens, warning that such restrictions in the past have exacerbated spikes in global food prices.
- Hormuz Strait Halts 'Extorting the Global Economy,' Says Former State Dept. Official
on April 13, 2026 at 6:18 pmHeather Conley, senior fellow at the American Enterprise Institute, said the US blockade of Iran in the Strait of Hormuz is a temporary measure and won't remove all threats to shipping in the area. (Source: Bloomberg)
- US Hospitals Are Emerging From Bankruptcy Only to Falter Again
by Soma Biswas on April 13, 2026 at 5:57 pmThe hospitals that emerged from the bankruptcies of Steward Health Care System and Prospect Medical Holdings Inc. were supposed to help stabilize one of the world’s largest hospital landlords by restoring a battered tenant base after two years of industry stress.
- Sundheim’s D1 Tumbled 6% in March as Biggest Stock Bets Soured
D1 Capital Partners’ equities book tumbled 6% in March, according to people familiar with the […]
- Austin Seeks $1 Billion of Munis for Airport Expansion Plan
Austin is set to bring a $1.18 billion airport revenue bond sale to market on Tuesday as growth in […]
- Oil Prices Will Soon Converge to Reflect Crisis, IEA Says
Oil prices don’t yet reflect the severity of the unprecedented supply crisis caused by the Iran […]
- Countries That Bet On China Are Winning
Trump may have finally lost Asia to China over the Iran war. Bloomberg Opinion columnist Mihir […]
- Oil Rallies as US Blockade of Iran Heightens Supply Risks
Oil rose as the US began a blockade on vessels transiting to and from Iranian ports, reigniting […]
- Stocks Extend Gains as Trump Says Iran Wants Deal: Markets Wrap
Stocks climbed to session highs while oil prices pared earlier gains after President Donald Trump […]
- Gold Eases as US Plan to Blockade Hormuz Raises Inflation Risks
Gold edged down amid mounting inflation concerns after US President Donald Trump’s order to […]
- Treasuries Erase Losses as Investors Weigh Trump Iran Warnings
Treasuries erased early losses, swinging to small gains as oil prices pulled back from the day’s […]
political news
- Trump Says Pope Leo Is ‘Weak on Crime’
on April 13, 2026 at 5:45 pmPresident Donald Trump says Pope Leo XIV is “weak on crime.” He spoke at the White House. Leo told reporters on Monday he’ll keep speaking out against the US-Israeli war on Iran.
- Italy’s Meloni Calls Trump Words on Pope ‘Unacceptable’
by Donato Paolo Mancini on April 13, 2026 at 5:41 pmItalian Prime Minister Giorgia Meloni called Donald Trump’s tirade against Pope Leo XIV “unacceptable,” exposing a growing rift with the US leader over his war on Iran.
- Trump Claims Iran Wants to Make a Deal
on April 13, 2026 at 5:11 pmPresident Donald Trump claims Iran called early this morning wanting to make a deal during an impromptu news conference at the White House. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)
- Ukraine Says It Hit Fertilizer Plant in Northwestern Russia
by Anthony Halpin on April 13, 2026 at 4:58 pmUkraine said it hit a fertilizer plant in northwestern Russia, as the military steps up strikes on industrial facilities to curb revenue for commodity exporters.
- Trump Deletes Social Media Post Seemingly Depicting Him as Jesus
by Laura Nahmias on April 13, 2026 at 4:55 pmUS President Donald Trump deleted a social media post that seemingly depicted him as a Jesus Christ-like figure, after the image incited criticism, including from the president’s supporters.
- The Mishal Husain Show: Lionel Shriver
Lionel Shriver, author of We Need to Talk About Kevin and a columnist for The Spectator, talks to […]
- Forint Extends Rally as Hungary’s Next Leader Sets Out EU Goals
Hungary’s forint surged to a four-year high and local stocks jumped to a record after Prime […]
- Germany Agrees on €1.6 Billion Fuel-Cost Relief Package
Chancellor Friedrich Merz’s coalition agreed on €1.6 billion ($1.9 billion) in fuel-price […]
- EU Seeks Energy Tax Cuts as War Adds $26 Billion to Fuel Imports
The European Union’s executive arm is set to propose lowering energy taxes and power grid […]
- Lula Faces Ghost of Joe Biden’s Election Failure in Brazil Shrinkflation
Everywhere you look in supermarkets across Brazil, consumers are getting pinched by shrinkflation, […]
Wealth
- Brazil Deposit Guarantor Holds Off on BRB Loan Amid Banco Master Risk
by Cristiane Lucchesi, Matheus Piovesana, Martha Viotti Beck on April 13, 2026 at 2:21 pmBrazil’s deposit insurance fund FGC is refusing to extend a loan to Banco de Brasilia SA, the lender facing financial strain due to its ties to Banco Master SA, until BRB can quantify its losses and specify how much capital it needs to survive.
- Billionaire’s US Banking Ordeal Fuels Her Mission to Disrupt It
by Matheus Piovesana, Maria Clara Cobo, Daniel Cancel on April 13, 2026 at 2:00 pmBillionaire Cristina Junqueira had a hard time getting a credit card after landing in Miami last year with her husband and four kids in tow.
- There Are No Easy Exits From Iran for the US
by John Stepek on April 13, 2026 at 1:23 pmThe risk is that “on again and off again” talks leave energy prices elevated for much longer.
- This 401(k) Reform Plan Misses What Makes Pensions Work
by Allison Schrager on April 13, 2026 at 11:30 amOnce upon a time, not so long ago, about a third of all American workers had a gold-plated pension: When they retired, someone paid them nearly their full salary for the rest of their lives. They didn’t have to worry about the market, or inflation, or running out of money.
- SpaceX Deal Lines Up $3 Billion in Tax Savings for EchoStar CEO
by Dylan Sloan on April 13, 2026 at 11:00 amA splashy deal with SpaceX has helped send shares of telecommunications company EchoStar Corp. soaring more than 375% since early August, boosting the net worth of co-founder Charlie Ergen to $20.1 billion.
Tech & Innovation
- Dell, HP Inc. Shares Jump on Acquisition Speculation Report
by Dina Bass on April 13, 2026 at 4:07 pmShares of Dell Technologies Inc. and HP Inc. jumped after a report from website SemiAccurate that Nvidia Corp. was seeking an acquisition that would “reshape the PC landscape.”
- Halliburton Wins Multibillion-Dollar YPF Fracking Contract in Argentina
by Emma Sanchez on April 13, 2026 at 3:32 pmHalliburton Co. said it won an exclusive, multibillion-dollar contract from Argentina’s state-run oil company YPF to provide bundled fracking services in the Vaca Muerta shale patch.
- Roblox Adds Youth Accounts Amid Push for Social Media Bans
by Daniel Zuidijk on April 13, 2026 at 12:15 pmRoblox Corp. is for the first time introducing special accounts designed specifically for younger children and teens, as the company tries to head off the possibility of being swept up by various social media bans under consideration globally.
- Full Interview: Roubini on Iran War, Oil Shock, AI Boom
on April 13, 2026 at 11:03 amRoubini Macro Associates Chairman & CEO Nouriel Roubini talks about ending the Iran war through escalation and regime change, why he doesn't predict a US and global recession and the "tug-of-war" between stagflationary events and growth from the global tech boom. He speaks to Bloomberg's David Ingles at the Greenwich Economic Forum in Hong Kong. (Source: Bloomberg)
- Musk Finds a Partner in Intel for His Huge Chipmaking Dream
by Edward Ludlow on April 13, 2026 at 11:02 amThe Tesla CEO is compiling a team for his planned Terafab chip manufacturing operation
