Canadian Prime Minister Mark Carney’s government introduced legislation that would ban social media for youth under 16 unless companies such as Meta Platforms Inc. and X Corp. meet a set of safety standards.

Veteran short seller James Chanos said SpaceX’s blockbuster public debut is being driven more by investor enthusiasm for Elon Musk and artificial intelligence than by financial fundamentals, arguing the company’s valuation is difficult to justify on any reasonable business assumptions.

<p>Asha Sharma’s first major cuts will arrive in July</p>

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Goldman Sachs Apex Head of Americas Anushka Gupta, Retired Brigadier General Mark Kimmitt, Telsey Advisory Group CEO & Chief Research Officer Dana Telsey, Former Federal Reserve Governor Betsy Duke, North Growth Management CEO & Lead Portfolio Manager Erica Lau, RBC Capital Markets’ Rishi Jaluria, Cleo Capital Founder & Managing Director Sarah Kunst, Willkie Farr & Gallagher Co-Chair, Capital Markets Practice Edward Best, Global Citizen CEO Hugh Evans, & Robinhood VP & GM of Futures & International JB Mackenzie. (Source: Bloomberg)

Oracle Corp. shares declined in extended trading after the company reported quarterly capital expenses that were higher than estimates, raising investor concerns about the profitability of the AI infrastructure business.

Oil jumped after the US started new strikes on Iran, with the Islamic Republic responding by announcing a halt to all vessels through the Strait of Hormuz, putting further strain on a fragile ceasefire.

The US military launched strikes against "multiple" targets in Iran for the second day in a row after President Donald Trump accused the country of dragging out talks on an interim peace deal. Bloomberg's Laura Davison explains the context. (Source: Bloomberg)

Fears of a stagflation shock from the Middle East conflict are increasingly souring investor sentiment toward the weakest global corporate borrowers, many of which binged on cheap debt during the era of ultra-low interest rates.

Oil jumped and US stock futures retreated after American forces launched fresh strikes on Iran, reigniting a conflict that has upended global markets.

Westpac Banking Corp. mortgage applications are heading for the worst quarter in a year as tax changes for property investors weaken demand for real estate.