Meta Platforms Inc. plans to debut two new Ray-Ban smart glasses models next week intended for prescription wearers.

New York City sued ridehail app Empower and founder Joshua Sear, claiming the company has been operating unlawfully without a license the past few years even as the service gained popularity by offering cheap fares to customers.

Market declines sparked by the Iran war are morphing into a full-blown rout across Wall Street. Efforts to broker an end to the fighting and restart the flow of Middle East oil produced only further escalation, which in turn fueled an ever-greater sense of dread in markets. The Nasdaq 100 fell 1.9% on Friday alone and sank into correction; the S&P 500 slipped for a fifth week, capping its longest losing streak since 2022; bonds fell, pushing the benchmark 30-year yield towards 5%; and Bitcoin is at about half its pre-war peak.  The bond selloff has been driven not only by rising inflation expectations but also by a repricing of what central banks intend to do next, a shift playing out from Washington to Frankfurt to Tokyo. Kathy Jones, Chief Fixed Income Strategist at Schwab Center for Financial Research, joins Bloomberg Businessweek Daily to discuss. She speaks with Tim Stenovec and Isabelle Lee. (Source: Bloomberg)

Elon Musk took to his social media network to attack the judge in the trial he lost last week when a jury found the billionaire defrauded Twitter Inc. shareholders before acquiring the platform in 2022.

Stacy Rasgon, Senior Analyst of US Semiconductors at Bernstein Research, discussed the recent volatility in memory chip stocks and the broader semiconductor sector. He speaks with Katie Greifeld and David Gura on "The Close." (Source: Bloomberg)

This week, the Fed holds rates steady, anticipating greater uncertainty and higher prices as war in Iran drives up fertilizer and fuel costs. Plus, letting first-time homebuyers tap retirement savings might ease down payments, but it can also fuel demand and push home prices higher. Later, can farmers respond quickly enough when social media spikes demand for their produce, or do viral trends create more risk than opportunity? (Source: Bloomberg)

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 Morgan Stanley’s Jim Caron, Los Angeles Mayor Karen Bass, Bernstein Research’s Stacy Rasgon, TWG Global Managing Partner Amos Hochstein, Envestnet’s Dana D’Auria, Bokeh Capital Partners’ Kim Forrest, Citi’s Michael Anderson, Evercore ISI’s Sarah Bianchi. (Source: Bloomberg)

Shares of the Fundrise Innovation Fund fell sharply for a second straight day Friday, though remain well above the underlying value of its holdings in private tech firms including the potentially IPO-bound SpaceX and Anthropic PBC.

Argentina sold $150 million of a bond denominated in dollars on Friday that gauged investors appetite to finance the government beyond President Javier Milei’s first term.

Speaking in Miami, President Donald Trump says he hopes a deal can be reached with Iran and talks are ongoing, but the Strait of Hormuz has to be fully repoened. (Source: Bloomberg)