
Oil Prices Rise as Saudi East-West Pipeline Attack Threatens Export Routes
Supply concerns intensified after attacks shut a key Saudi oil pipeline and Houthi militants in Yemen tightened their grip on the Bab al-Mandeb Strait.
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Supply concerns intensified after attacks shut a key Saudi oil pipeline and Houthi militants in Yemen tightened their grip on the Bab al-Mandeb Strait.

European chip stocks followed Asian peers lower, after leaders of the world's biggest AI companies called for the industry to slow the tech's development for safety reasons.

A year after shifting production and sourcing out of China to avoid higher U.S. tariffs, some companies are learning that replicating the country's factory ecosystem is not so easy and are bringing manufacturing back.

Big Pharma firms have cut license deals worth tens of billions of dollars for cancer drugs invented in China.

US equities delivered their highest quarterly return in six years, registering a robust gain year to date. The Hartford Alpha Capture Value ETF outperformed the Russell 1000 Value Index during the quarter. Security selection drove relative outperformance.

Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV <GO>.

Trump urges Zelenskyy to stop targeting Russian oil refineries, saying the attacks are contributing to a diesel shortage. Ukraine's strikes have disrupted Russia's refining capacity as Moscow extends a ban on diesel exports to stabilize supplies.

Equity valuations have compressed by a decent amount over the last 12 months with no broad market crash or even a meaningful correction. The Magnificent Seven have seen a more pronounced de-rating, from around 33x to 23x—a 10-point compression—while the rest of the index (ex-Mag 7) has fallen from approximately 20x to 18x.

Boston Dynamics, Hyundai Motor Group's humanoid robot unit, is unlikely to pursue an initial public offering next year, a senior executive at the parent company with direct knowledge of the matter said, as it has yet to deploy its flagship Atlas robots at scale and remains unprofitable.

AllianceBernstein's John Lin warns that parts of Asia's AI supply chain may be "over-earning" as investors bet on sustained hyperscaler spending. He says the risks call for greater selectivity and diversification rather than abandoning the AI trade.

Oil pushed higher after Saudi Arabia shut its East-West crude pipeline, a key alternative to the Strait of Hormuz for its oil exports, following multiple attacks on Thursday. Meanwhile, a planned meeting for Monday between Iran and several Gulf nations on creating a temporary shipping lane through Hormuz has been postponed, according to Oman's foreign minister.

Oil surges above $108 a barrel after an attack shuts Saudi Arabia's East-West pipeline, a key route that bypasses the Strait of Hormuz and threatens to deepen the global energy crisis. A planned Oman-Iran meeting on Hormuz is postponed as Saudi Arabia submits amendments to Oman's proposal, while Houthi advances raise fresh risks for shipping through the Bab el-Mandeb Strait.

The Japanese yen's renewed strength has sent traders to look for other currencies to fund carry trades, with the Chinese yuan and Canadian dollar emerging as contenders. The yen has strengthened the most against the dollar among G10 currencies since late July, when Japanese authorities intervened in currency markets.

The CME's fed funds futures probability bar chart for this coming FOMC announcement on September 16th, 2026 says there is an 87.3% probability that the FOMC will raise the current fed funds from a range of 3.50-3.75% (midpoint 3.625%) to a new range of 3.75-4% (midpoint of 3.875%). How much of this is already in the bond market?

AI-connected stocks fell sharply in early Asian trading on Monday after the CEOs of the companies developing the most advanced AI models warned the pace of development must slow to prevent threats to humanity.