Wednesday, March 11

Market News

  • Operations Suspended at Oman Port as Drones Hit Fuel Tanks
    by Jack Wittels on March 11, 2026 at 5:56 pm

    Fuel tanks at the Port of Salalah have been struck by drones, the state-run Oman News Agency reported, citing a security source.

  • JPMorgan Tees Up EA Debt Sale as Iran War Shakes Credit Markets
    by Aaron Weinman, Claire Ruckin, Jeannine Amodeo, Gowri Gurumurthy on March 11, 2026 at 5:52 pm

    As JPMorgan Chase & Co. kicked off investor discussions this week over the $20 billion financing for Electronic Arts Inc., nervousness around a protracted war in the Middle East cast a shadow over the largest ever debt sale for a leveraged buyout.

  • Oracle Rally Fueled by AI Cloud Boom | Open Interest 3/11/2026
    on March 11, 2026 at 5:10 pm

    Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." The IEA unleashes a record 400 million barrels from emergency reserves to cool a Middle East-driven price spike. Oracle surges, signaling no slowdown in AI demand. And cracks in private credit — JPMorgan pulls back, PIMCO sounds the alarm, and Apollo calls for transparency. Plus, Uber teams up with Amazon’s Zoox to bring robotaxis to riders — the CEOs of both companies join us. And Fifth Third’s Tim Spence says AI is already writing 40% of his bank’s code. He joins us to talk about the AI revolution in banking. (Source: Bloomberg)

political news

Wealth

Tech & Innovation

  • Circle Is Still in Its Early Days With Plenty of Growth Ahead, CEO Allaire Says
    on March 11, 2026 at 6:15 pm

    Jeremy Allaire, co-founder, chairman, and CEO of Circle discusses his motivation for building Circle, the world's largest regulated stablecoin network. Despite Circle's significant market capitalization and successful IPO, Allaire views the company as still being in its very early stages, with another 10 to 20 years of foundational work ahead to realize its full potential. He's on this week's episode of The David Rubenstein Show: Peer to Peer Conversations. This interview was recorded January 15 at the Economic Club of Washington, DC. (Source: Bloomberg)

  • Goldman's Weir Says Investors Are Wondering About AI ROI
    on March 11, 2026 at 6:13 pm

    Matthew Weir, Managing Director and senior investment strategist in the Investment Strategy Group at Goldman Sachs, discusses how investors are trying to assess the health of big tech companies in the midst of rising AI investments and geopolitical uncertainty. He joins Ed Ludlow and Caroline Hyde on "Bloomberg Tech." (Source: Bloomberg)

  • Databricks Launches AI Assistant for Technical Talent
    on March 11, 2026 at 6:05 pm

    Databricks has launched Genie Code, a built-in autonomous AI assistant for technical talent, and announced the purchase of Quotient AI. Databricks CEO Ali Ghodsi discusses the moves with Caroline Hyde and Ed Ludlow on "Bloomberg Tech.” (Source: Bloomberg)

  • Ex-A16Z Partner Launches New Industrial-Focused VC Firm
    on March 11, 2026 at 5:57 pm

    Michelle Volz, a former partner in the American Dynamism team at Andreessen Horowitz, has launched a new firm targeting early-stage startups that focus on addressing the costly, slow, or missing parts of the US industrial base. Volz joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech.” (Source: Bloomberg)

  • Australian Teens Are Sneaking Onto Social Media Despite Ban
    by Daniel Zuidijk, Mia Dawkins on March 11, 2026 at 5:34 pm

    Three months after Australia’s social media restrictions for people under age 16 came into force, teenagers are circumventing the blocks with virtual private networks and by tricking age verification services, according to the country’s digital regulator.