Meta Platforms Inc. said that users of its Quest headsets will lose access to Horizon Worlds, a virtual destination where cartoon versions of people can meet up and play games, marking the latest pullback from a strategy once central to Mark Zuckerberg’s vision of a so-called metaverse.

Artificial intelligence is making the world more unpredictable than ever before, according to Oaktree Capital Management co-founder Howard Marks.

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 Rockefeller Global Family Office’s Jimmy Chang, Wellington Management’s Brij Khurana, Amherst CEO Sean Dobson, TC Energy CEO François Poirier, BlackRock’s Jay Jacobs, LSEG’s Jharonne Martis, Spindrift CEO Dave Burwick, Scott Brothers Global Co-Founders and CEOs Drew & Jonathan Scott, Blank Rome’s Massimo D’Angelo, & Robinhood’s JB Mackenzie. (Source: Bloomberg)

Apple Inc.’s top hardware engineering executive overseeing home devices is leaving for smart ring maker Oura Health Oy, marking a setback for a unit already contending with product delays.

Oaktree Capital Management co-founder Howard Marks says the firm will remain cautious for the time being during a fireside chat with Bloomberg's Lisa Abramowicz at the Capital Markets Industry Conference. (Source: Bloomberg)

Arizona said it filed criminal charges against Kalshi for operating an illegal gambling business, in a significant escalation in the legal battles between the prediction market exchange and about a dozen states.

Oil held a gain as Iran confirmed the death of its security chief in a further intensification of the Middle East war that’s roiled global energy markets.

Chinese companies are boosting hedges through foreign‑exchange derivatives, pushing outstanding forward contracts to record levels, as the yuan’s surge threatens to erode exporters’ overseas earnings.

Asian equities were primed for a positive open Wednesday after US stocks and Treasuries edged higher, signaling that investors are attempting to look through near-term geopolitical uncertainty.

BHP Group has appointed Brandon Craig as its new chief executive, as the world’s biggest miner grapples with the ripple effects of a war in the Middle East, a slower Chinese economy and a shift toward more aggressive growth in copper.