The US dollar surges

The EU wants to make mergers a bit easier, Wall Street banks are offloading $18bn of debt tied to video game maker Electronic Arts, and investors are piling into cash at the fastest rate since the Covid-19 pandemic. Plus, the FT’s Ahmed Al Omran explains why Saudi Arabia’s recent ...  Show more

The FT’s Gideon Rachman explains what the Strait of Hormuz’s closure means strategically for Iran, Italy’s UniCredit has launched a €35bn takeover offer for Commerzbank and China’s oil stockpile is put to the test as the strait remains closed. Plus, scientists have identified a p ...  Show more

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF. A jittery week on Wall Street ended on a positive note for stocks as President Donald Trump’s remarks soothed anxiety around trade tensions while regional banks rebounded. Bonds, gold and silver ...  Show more

After cancelling much of America’s international development funding, President Donald Trump is now using that money to boost friends, allies against China and buy goods and influence. Ukraine is striking Russia’s fuel infrastructure deep inside the country. And why JD Wetherspoo ...  Show more

Today, Les, Martha, and Jess unpack the growing global fallout from President Trump’s expanding tariff agenda. With a minimum 10% tariff imposed on all imports – and significantly higher rates hitting key partners like Vietnam and the European Union – the administration’s “Americ ...  Show more

On this episode of Stock Movers: - Marathon Petroleum (MPC) is higher this morning as it beats out oil giants like Chevron and Exxon, as companies with more exposure to the United States share picture are gaining. The conflict between Israel and Iran has caused damage to the US c ...  Show more