Market News

Vale SA, the world’s top iron ore producer, has brought forward a scheduled maintenance shutdown of its two pellet plants in Oman as a strategy to mitigate potential impacts from the Iran war, according to a person familiar with the matter.

Council on Foreign Relations President Emeritus Richard Haass discusses Pakistan’s role in brokering a deal between the United States and Iran ahead of Tuesday’s deadline, the importance of reopening the Strait of Hormuz, and why there is still a lot of ‘space for diplomacy.’ He talks with Katie Greifeld and Romaine Bostick on “The Close.”

Chicago Atlantic is moving into private credit markets in the developing world, seeking to seize on increased demand as investors pull money out of similar funds in the US.

Rick Rieder, BlackRock's global fixed income CIO, says geopolitical risks have caused a "period of stasis" in markets during an interview on "Bloomberg The Close." (Source: Bloomberg)

Stocks fell and oil rose on concern the war in the Middle East is intensifying ahead of President Donald Trump’s deadline for Iran to agree to a ceasefire deal. Fears that an escalation of the conflict could heighten an energy squeeze and endanger the global economy curbed risk appetite, with the S&P 500 halting a four-day advance. Jim Caron, Morgan Stanley Investment Management Portfolio Solutions Group CIO joins to discuss what investors should do in this environment. (Source: Bloomberg)

Texas' entrepreneurial culture continues to nurture startups and corporate expansion alike, says Edward Crawford, co-founder and co-CEO of Coltala Holdings and an advisory board member for NYSE Texas. Business in the state, he says, moves at ``speed of trust,'' holding down costs because commerce is fast and fluid. He speaks with Bloomberg's Julie Fine in Dallas. (Source: Bloomberg)

Persistence separates great leaders from everyone else according to Matt McKnight, CEO of Perimeter. He joined Bloomberg Open Interest to talk about why the most impactful leaders choose problems that seem unsolvable and stay with them anyway. He says you will hear no, that will not work or we have tried that before, but if you understand your domain, think from first principles, and bring others along, you can change entire industries. (Source: Bloomberg)

Eldorado Gold Corp.’s C$3.8 billion ($2.7 billion) bid to buy Foran Mining Corp. won shareholder support, advancing plans to create a larger Canadian gold-and-copper miner after the company overcame an activist campaign that had cast doubt on the deal’s prospects.

The world’s most important price for real-world oil barrels soared to a record, the latest evidence of global crude markets that are pricing increasingly scarce supply in the wake of the Iran war.

Pacific Investment Management Co. is in talks with Bank of America Corp. to help provide roughly $14 billion of debt financing to build a massive Oracle Corp. data center in Michigan, according to people familiar with the matter.

Representative Suhas Subramanyam, a Virginia Democrat, joined Balance of Power stating that President Trump's "outrageous" threats to hit civilian targets in Iran shows he's not fit to lead and it's damaging to US standing in the world.  As US President Donald Trump’s latest ultimatum to Iran to agree to a ceasefire deal approaches, hardliners now in charge in Tehran are relishing the idea of escalation and a region-wide conflict.  The US and Israel have taken out layers of senior commanders of the Islamic Revolutionary Guard Corps over the course of the nearly six-week war, but those who remain are girding for a protracted battle, with little fear of Trump’s threats to destroy civilian infrastructure. This could spark an upsurge in fighting that would further engulf Middle Eastern countries and exacerbate what has become a global energy crisis. (Source: Bloomberg)

- President Donald Trump threatened Iran with civilizational destruction as the US attacked military targets on the country’s key oil export hub, ramping up pressure on Tehran to reopen the Strait of Hormuz by his Tuesday deadline or face massive strikes on critical infrastructure. Iran halted participation in ceasefire talks in response to Trump’s social media post, according to a person familiar with the matter who asked not to be identified discussing private deliberations. Those discussions have been conducted through third-party channels. Mediators were scrambling to resuscitate negotiations ahead of the deadline, the person said. Jen Gavito, Senior Advisor with the Cohen Group/Former-Acting Principal Deputy Assistant Secretary of State for Near Eastern Affairs under President Biden joins Balance of Power to discuss. (Source: Bloomberg)

The Federal Deposit Insurance Corp., which backs deposits at thousands of US banks, is laying out its guidelines for how those institutions and their fintech subsidiaries can use stablecoins as digital currencies become more widely accepted in the financial system.

Oil from the US emergency reserve is heading to unlikely destinations as the biggest crude-market disruption in history upends decades-old global energy flows.

"The job market is basically stable but not great," Federal Reserve Bank of Chicago President Austan Goolsbee says during remarks at the Detroit Economic Club. Goolsbee also says the rise in oil prices may drive prices up in a stagflationary way. (Source: Bloomberg)

Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Deal or destruction. President Trump escalates threats against Iran as his deadline looms. Markets on edge as war tensions collide with tech’s surprising resilience, even as a hidden helium shortage could disrupt AI and chip production. Bill Ackman makes a bold play for the world’s biggest music label. And Fed official John Williams says inflation risks may rise,  but policy is holding steady. Plus, Matt McKnight on why bio-threats are the next global battlefield, Ann Milletti on the overlooked risk to tech’s supply chain, and Jeff Aronson on why turmoil in private credit could be a rare opportunity. (Source: Bloomberg)

The concerns building in the private-credit industry are starting to inflict pain in a rapidly growing segment of the US municipal debt market.

Tom Mackay, head of derivatives at IXM Holding SA, is leaving the metals trading house — the latest of several senior departures in recent months — according to people familiar with the matter.

More than 9 million barrels a day of oil production from key Middle Eastern countries are expected to be shut in during April, according to estimates from the US government, as the war in Iran upends global energy markets.

A key oil-pricing period saw 12 unanswered bids for cargoes and surging values, the latest sign of tightness in global crude markets as the Iran war hits global output.