Gold was little changed following a three-day rally that took the precious metal to an all-time high above $4,500 an ounce. Platinum tumbled more than 6%, also retreating from an all-time high touched overnight.
A relatively quiet session on Wall Street before Christmas saw stocks hitting all-time highs, with more signs the jobs market is not quickly deteriorating supporting bets on a soft economic landing.
Ben Witte, founder and CEO of Recess, says the company’s thesis is that in an increasingly stressful world, consumers are prioritizing mental wellness and seeking healthier ways to relax. He tells Katie Greifeld and Norah Mulinda on The Close that Recess is positioning its drinks as an evening relaxation option instead of a glass of wine. (Source: Bloomberg)
Stocks closed out their longest winning streak since November on Wednesday, in thin holiday trading as investors parsed labor market data for additional clues on the Federal Reserve’s interest rate path.
Copper extended a powerful December rally that’s carried prices for the industrial metal to unprecedented highs above $12,000 a ton on fears over a tighter global market in 2026.
A fast moving storm dubbed the Alberta Clipper will push freezing air into the US Northeast and mid-Atlantic states Friday, dropping snow on New York City before turning to rain in Washington, D.C.
Thin volume on Christmas Eve left oil markets little changed as traders continued to weigh this year’s twin forces of escalating geopolitical tensions and the expected global supply overhang.
Woo Jin Ho, Bloomberg Intelligence Senior Technology Analyst, joins Paul Sweeney and Kristine Aquino on Bloomberg Intelligence to discuss the 2026 outlook for the PC and computer hardware market, including Micron, Dell, HP, and more. AI is top of mind for these companies as server demand continues to accelerate. Dell in particular is expected to see a broadening customer base that will support a high-single-digit compound annual growth rate through fiscal 2030. Robust AI order activity and stabl
Intel shares fell Wednesday after a report said that Nvidia Corp. halted a test to use Intel’s production process to make advanced chips. Nvidia recently tested the so-called 18A process but stopped moving forward, Reuters reported, citing two unidentified people familiar with the matter. Spokespeople for Nvidia and Intel didn’t immediately respond to requests for comment. An Intel spokesperson told Reuters that the company’s 18A manufacturing technologies are “progressing well.” Bloomberg News
Get a jump start on the US trading day with Vonnie Quinn and Emily Graffeo on "Bloomberg Open Interest." Nvidia stops a test that uses Intel technology to make advanced chips as the AI race continues to heat up as Washington lands a blow to Silicon Valley. A federal judge rules the Trump administration can move ahead with a $100,000 fee on new H-1B visa applications, a ruling viewed as a setback for US tech. Plus The RealReal's Rati Levesque joined Bloomberg Open Interest to give a read on the s
