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US job openings fell and hiring slowed notably in February while US consumer confidence unexpectedly rose in March. Mike McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)...

Some refiners could wait several weeks for oil even after the Strait of Hormuz is fully reopened, keeping up the pressure on prices. Macquarie Group Global Energy Strategist Vikas Dwivedi said in a recent note that oil could hit a record of $200 a barrel if the Iran war drags on. He speaks on Bloomberg Surveillance.  (Source: Bloomberg)...

Diego Megia's macro hedge fund has raised $1.75 billion in new cash, adding to its asset base as an expanding team of portfolio managers enhances its capacity to manage more money....

China Vanke Co. posted a record 88.6 billion yuan ($12.8 billion) loss last year, a sign of the deepening problems facing the developer ahead of a wall of upcoming debt maturities....

Bloomberg Intelligence's Sam Fazeli discusses Eli Lilly's $7.8 billion acquisition of Centessa, marking the company's entry into the sleep disorder drug market. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)...

Volvo Car AB should start producing its Chinese sister brand's models at its factories as the auto industry grapples with overcapacity, according to its billionaire owner Li Shufu....

Iranian authorities arrested dozens of people who were allegedly in a network that sold Starlink satellite terminals, as Tehran expands efforts to control information more than a month into its war with the US and Israel....

Samsung Electronics Co. is the latest company to introduce a blood pressure monitoring feature for wearable devices, underscoring how fitness gadgets are increasingly blurring the lines with medical equipment....

US job openings fell and hiring slowed in February, pointing to cooler labor demand before the war in Iran triggered additional uncertainty....

US consumer confidence unexpectedly rose in March on slightly more upbeat views of business and labor-market conditions....

Christine Lagarde used an audience of high-level Group of Seven officials to challenge Treasury Secretary Scott Bessent's optimism that the Iran war's economic fallout will be short-lived, according to people familiar with the matter....

Amgen Inc.'s drug Tavneos has been tied to serious liver injuries, including eight deaths, the US Food and Drug Administration said Tuesday....

Private equity-owned companies borrowed $94 billion in leveraged loans and high-yield bonds in the US to fund their own payouts last year, increasing risk to the businesses, according to an analysis by Moody's Ratings....

Unilever agreed to combine its food business with spice maker McCormick & Co. in a $44.8 billion deal. Under the agreement, McCormick will pay $15.7 billion and the equivalent of $29.1 billion McCormick shares for most of Unilever's food business. Crystal Tse has more on "Bloomberg Open Interest." (Source: Bloomberg)...

Gas prices in the US keep surging. The nationwide average has now topped $4 a gallon for the first time since August 2022 due to the war with Iran. Bloomberg's Julian Lee reports. (Source: Bloomberg)...

The Treasury market has been rendered structurally unstable by its explosive growth and is likely to require occasional “official interventions” to support its functioning, according to strategists at Barclays....

Warren Buffett cautioned that he's seeing signs of fragility emerging in the banking system as it has become more connected to non-bank players....

US Trade Representative Jamieson Greer says the US is insulated from supply chain effects from the Strait of Hormuz and discusses the Trump administration's perceived shortfall of the World Trade Organization and the possibility of a returning to a 20% tariff level with China. Greer says, “I see stability with China over the next year” as the nations prepare for talks in May. (Source: Bloomberg)...

US high-yield bonds are on track to post their first negative quarterly returns since 2022 as fears of artificial intelligence disrupting software makers and rising Treasury yields made investors more reluctant to bet on riskier companies....

As the war in the Middle East drives up the cost of CLO funding, some European managers are shelving their refinancing plans — a move that may complicate efforts by the region's riskiest borrowers to roll over their debt....