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Bloomberg Markets
Saudi Arabian Energy Minister Prince Abdulaziz bin Salman was appointed minister of industry and mineral resources in addition to his current post, signaling an expanded role for the royal and closer integration of the two sectors.
Bloomberg Markets
A day after making an investment call tied to subsiding Middle East tensions, BCA Research’s Marko Papic had to scrap his recommendation at a loss. Donald Trump had said the war in Iran was back on.
Yahoo Finance
Yahoo Finance
Bloomberg Markets
Oil gained after the US carried out another wave of strikes against Iran, with the two sides disputing whether the Strait of Hormuz was open. Global benchmark Brent earlier approached $80, before paring some of the increase. The US on Sunday struck dozens of targets to degrade Iran’s ability to attack international shipping through the waterway. Iran said the strait would be closed “until further notice,” though Western navies insisted it remained open.
South Korea’s AI-fueled stock rally came
Yahoo Finance
Yahoo Finance
NY Times Business
Nearly 200 economists signed a letter calling for policymakers to do more to understand and respond to potential A.I. disruptions.
Yahoo Finance
Bloomberg Markets
Chile’s government has a window of opportunity to sell debt abroad as sovereign spreads hover near two-decade lows, with investors shrugging off an escalation in the Middle East conflict, domestic debt woes and a stagnating economy.