Market News
- Sri Lanka: In 'Good Position' to Absorb Oil Price Shocks
on March 7, 2026 at 1:30 amCentral Bank of Sri Lanka Governor P Nandalal Weerasinghe believes his country is in a 'good position' to be able to absorb the price shocks from the Middle East conflict. He speaks with Haslinda Amin from the sidelines of 'IMF Conference; Asia 2050'. (Source: Bloomberg)
- Queues, Price Hikes and Shortages as Asia Battles Fuel Crunch
by Sanjai P R, Faseeh Mangi, Anup Roy, Sing Yee Ong on March 7, 2026 at 1:05 amFrom Thai farmers racing for diesel to Indian refinery executives monitoring the Persian Gulf through the night, energy buyers across import-dependent Asia are feeling the impact of a dramatic crunch.
- Novo and Hims End Feud, Will Sell Obesity Drugs Together
by Madison Muller on March 7, 2026 at 12:31 amNovo Nordisk A/S plans to sell its weight-loss drugs on Hims & Hers Health Inc.’s platform, according to a person familiar with the matter, ending a highly public feud between the two companies that spiraled into a legal battle last month.
- Wall Street Week | Lloyd Blankfein, Ukraine’s Tech, Big Tobacco’s Future, Building Data Centers
on March 7, 2026 at 12:15 amThis week, from Iran to inflation, former Goldman Sachs CEO Lloyd Blankfein explains why risk management matters most when markets appear stable and confident. And, From digital IDs to AI agents, Ukraine is rebuilding government services even as war reshapes the country. Plus, as smokeless products such as Zyn and IQOS surge in popularity, are we witnessing harm reduction or a smarter tobacco strategy? Later, who will build the data centers powering artificial intelligence and are there enough workers? (Source: Bloomberg)
- Tiger Global Alum’s Firm Bets on Prying People Off Their Screens
Greg Mazlin and Matthew Lloyd-Thomas are betting that hybrid work and AI will allow more people to […]
- DEA Investigated Epstein Over Ketamine, Prostitution and Money
The Federal Drug Enforcement Administration opened an investigation into Jeffrey Epstein and a […]
- Goldman Junior Banker Fashion Shoot Sets Off Blame Game
A magazine’s glossy photo shoot with young Wall Streeters, including a pair from Goldman […]
- BlackRock $26 Billion Private Credit Fund Limits Withdrawals
BlackRock curbed withdrawals from one of its biggest private credit funds after client requests for […]
- Oil Leaps, Stocks Fall on War and Credit Fears: Markets Wrap
A weak jobs report hit stocks at a time when a widening war in the Middle East is lifting oil […]
- EM Assets Mark Worst Week Since 2020 As Oil Sees Record Rally
Emerging markets stocks and currencies posted their worst week since the outbreak of Covid as an […]
- Dealmakers See Iran War Stymieing M&A With Delays, Diligence
Dealmakers are, for the second year in a row, seeing their chances of a record haul of mergers and […]
- Traders Warn $100 Oil Is Imminent If Iran War Keeps Raging
A week into one of the biggest ever disruptions to global energy markets, oil prices still remain […]
political news
- Trump Wants Unconditional Iran Surrender | Balance of Show: Late Edition 03/06/2026
on March 7, 2026 at 1:20 am"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Rep. Debbie Wasserman Schultz (D-FL) shares her reaction to the ongoing conflict in the Mideast. Betsey Stevenson, University of Michigan Public Policy & Economics Professor, discusses the US jobs report. Retired Army General and former CIA Director David Petraeus says President Trump’s stated goals in Iran are “very achievable” as airstrikes degrade Tehran’s air defenses, missile stockpiles and drone capabilities. (Source: Bloomberg)
- Petraeus Says Iran Objectives ‘Very Achievable’ From the Air
on March 6, 2026 at 11:46 pmRetired Army General and former CIA Director David Petraeus says President Trump’s stated goals in Iran are “very achievable” as airstrikes degrade Tehran’s air defenses, missile stockpiles and drone capabilities. Petraeus also calls it “imperative” for the U.S. to rebuild its military industrial complex and dramatically increase weapons production to prepare for future wars. He speaks with Joe Mathieu and Tyler Kendall on the late edition of Bloomberg’s "Balance of Power." (Source: Bloomberg)
- Will Support Supplemental Funding: Rep. Wasserman Schultz
on March 6, 2026 at 11:29 pmRep. Debbie Wasserman Schultz (D-FL) shares her reaction to the ongoing conflict in the Mideast. Wasserman Schultz says she is "really concerned" about depleting munitions as a result of US strikes and would support an emergency supplemental funding request. The Congresswoman also cited concerns about a potential increase in domestic terrorism as a result of the conflict. Rep. Wasserman Schultz speaks on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
- Bessent Blasts JPMorgan Over ‘Terrible’ Oil-Insurance Analysis
by Daniel Flatley on March 6, 2026 at 10:55 pmTreasury Secretary Scott Bessent blasted a JPMorgan Chase & Co. report for what he called “terrible” and inaccurate analysis about constraints over a US government lending agency’s ability to offer backup insurance for oil cargoes attempting to exit the Persian Gulf.
- Trump Vows to Issue Order in a Week to Overhaul College Sports
by Hadriana Lowenkron on March 6, 2026 at 10:16 pmPresident Donald Trump vowed to issue an executive order within one week addressing concerns over athlete salaries, transfers, and the impact of gambling after a session with lawmakers and college sports luminaries that left him frustrated over the prospects for legislation to overhaul college sports.
- Ukraine Offers Help Downing Iran Drones in Exchange for Patriot Missiles
Ukrainian President Volodymyr Zelenskiy is trying to leverage his nation’s war savvy to keep it […]
- US Submarine Strike in Indian Ocean Brings Iran War to Asia
The US submarine strike on an Iranian warship in the Indian Ocean marked a sharp escalation in the […]
- Trump Demands Iran Surrender as War Upends Global Markets
US President Donald Trump demanded Iran surrender as the war on the Islamic Republic raged for a […]
- Trump’s Latin American Allies Face a Dilemma Over China, Iran War
Donald Trump is gathering his top allies from Latin America at a moment when a new US military […]
- Trump Says Defense Firms to Quadruple Output of Some Weapons
President Donald Trump said the largest US defense manufacturers had agreed to boost production of […]
Wealth
- Bessent Blasts JPMorgan Over ‘Terrible’ Oil-Insurance Analysisby Daniel Flatley on March 6, 2026 at 10:55 pm
Treasury Secretary Scott Bessent blasted a JPMorgan Chase & Co. report for what he called “terrible” and inaccurate analysis about constraints over a US government lending agency’s ability to offer backup insurance for oil cargoes attempting to exit the Persian Gulf.
- IRS Issues Expansive Rules for $1,000 Payments to Trump Accounts
by Caitlin Reilly on March 6, 2026 at 4:45 pmParents would have up to 17 years to claim $1,000 government payments to tax-advantaged savings accounts that Donald Trump’s tax law grants to most children born during the president’s second term under rules proposed Friday.
- French Shipping Giant CMA CGM Warns on Middle East Conflict
by Tara Patel on March 6, 2026 at 4:13 pmCMA CGM SA, the world’s third-largest container line, warned that war in the Middle East could upend its projections for industry growth amid halted shipping routes and impacted transport in the Strait of Hormuz.
- Warner Bros. CEO Sells $113 Million of Stock After Paramount Bid
by Dylan Sloan on March 6, 2026 at 2:23 pmChief Executive Officer David Zaslav unloaded more than $113 million of Warner Bros. Discovery Inc. shares this week, taking a chunk of money off the table as his company’s sale to Paramount Skydance Corp. marches toward completion.
- The Most Important Question in Markets Today
by John Stepek on March 6, 2026 at 12:30 pmHow long will the Iran war last? Unfortunately, we just don’t know.
Tech & Innovation
- Musk’s Spam Frustration Was ‘Confusing’ to Ex-Twitter Executives
by Isaiah Poritz, Kurt Wagner on March 7, 2026 at 12:46 amTwo former top executives at Twitter Inc. sought to beat back Elon Musk’s narrative at a jury trial that they lied to him about the makeup of the platform’s user base when he was purchasing the company in 2022.
- Blue Owl Leads $750 Million Debt Deal for Vista Nexthink Buyout
by Davide Scigliuzzo on March 6, 2026 at 11:33 pmBlue Owl Capital Inc. led a $750 million debt financing for Vista Equity Partners’ buyout of software company Nexthink SA, underscoring continued appetite for private credit even as liquidity concerns and unease over AI-driven disruption weigh on the market.
- Stocks Sink on Jobs, War, Credit Woes | The Close 3/6/2026
on March 6, 2026 at 11:24 pmBloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Interactive Brokers Chief Strategist Steve Sosnick, Cleveland Fed President Beth Hammack, Rosenblatt Securities’ Barton Crockett, Council on Foreign Relations Senior Fellow Elliott Abrams, Gabelli Funds’ John Belton, Evercore ISI’s Julian Emanuel, Eurasia Group President & Founder Ian Bremmer, Pipeline Equity CEO Katica Roy, and Bezel CEO Quaid Walker. (Source: Bloomberg)
- Oracle, OpenAI End Plans to Expand Flagship Data Center
on March 6, 2026 at 11:16 pmOracle and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI’s changing needs. The collapsed talks created an opening for Meta Platforms Inc. to step in and consider leasing the planned expansion site in Abilene, Texas, from developer Crusoe, according to people familiar with the matter. Nvidia Corp., the leading AI chipmaker, helped facilitate Meta’s discussions with the developer, said the people, who asked not to be identified because the talks are private. The shifting plans underscore the complexity of building out AI data centers, which are expected to cost in the tens of billions of dollars and require cooperation from a wide swath of partners. Bloomberg Tech Co-Host Ed Ludlow joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
- US Considers Permits for Global Nvidia, AMD AI Chip Sales | Bloomberg Tech 3/6/2026
on March 6, 2026 at 9:21 pmBloomberg’s Caroline Hyde and Ed Ludlow discuss reports that the US Commerce Department has drafted regulations restricting AI chip shipments to anywhere in the world without American approval. Plus, Oracle plans to cut thousands of jobs as it handles a cash crunch from a massive AI data center expansion effort. And, the Pentagon has officially notified lawmakers that it has determined Anthropic and its products pose a risk to the US supply chain. (Source: Bloomberg)
