The Japanese yen surged about 1.8% in the span of a half hour during the afternoon of the Asia session and topped 155.04 per dollar, renewing speculation that the country is intervening in the market. The currency later pared some of the advance. David Savage reports on Bloomberg Television. (Source: Bloomberg)
Last year’s separation unlocked value for both Sandisk and Western Digital. Upbeat industry dynamics played a big part as well.
Novo Nordisk CEO Mike Doustdar discusses the drugmaker’s Wegovy obesity pill which fueled sales in the first quarter. Novo is “very optimistic” on the medication despite competition from Eli Lilly, Doustdar tells Bloomberg Television, and the firm doesn’t anticipate any price reductions. (Source: Bloomberg)
Crude-oil futures fell late Tuesday after President Donald Trump said his latest effort to partially reopen the Strait of Hormuz would be paused, to buy more time to reach an agreement to end hostilities with Iran.
Sam Lynton-Brown, head of global macro strategy at BNP Paribas Markets 360, discusses the economic situation in the United Kingdom. Speaking on Bloomberg Television, he says BNP is not expecting UK long-term borrowing costs to go higher following the yield on 30-year gilts’ jump to 5.78% earlier in the week. “We think that’s actually one of the DM bond markets that should be a little bit more insulated given how cheap valuations already are,” Lynton-Brown says. (Source: Bloomberg)
Carlyle Senior Advisor Jeff Currie discusses the ongoing disruption in oil markets, saying storage tanks will run empty in Europe “sometime in the month of May” and in the US “somewhere in that July 4th period.” Speaking on Bloomberg Television, Currie also says that even if the Strait of Hormuz standoff were to be resolved now, “you’re talking three-plus months to even start to get even a resemblance of this stuff beginning to flow.” (Source: Bloomberg)
South Korean stocks are on the cusp of surpassing last year’s world-beating 76% gain, even though 2026 is less than five months old.
“We are 66 and 76, respectively. We own our home, which is paid off.”
Michael Saylor once said he would “buy bitcoin forever.” Now, he’s exploring the possibility of selling it as an illustration of its resilience but the market may interpret his comments differently.
Mobile commodity tracking apps make it easier to follow fast-moving markets from anywhere. With the right app, you can monitor prices, charts, alerts, and news without switching between too many tools.
