Business

Oil Slips as Trump Holds Off Iran Attack, Says Talks to Resume

Oil fell after US President Donald Trump said he called off a planned attack on Iran and that new talks with the Islamic Republic would begin on Monday.

Zamfara moves to boost IGR through property tax reforms

The Zamfara State Internal Revenue Service (ZIRS) and the Ministry of Housing and Urban Development have agreed to strengthen collaboration to improve property tax administration and increase the state’s internally generated revenue (IGR)…

Amazon market cap crosses $3 trillion as AI, cloud growth power stock rally

Shares of the Seattle-headquartered e-commerce and cloud giant had surged 15% on Friday after the company reported its fastest cloud revenue growth in over four years and increased its forecast for annual capital expenditure.

Astra Buying Bristol Makes No Sense, Fazeli Says

AstraZeneca shares plunged Monday on news that the drugmaker was exploring an acquisition of Bristol Meyers Squibb. A deal would create one of the world's biggest drugmakers. Sam Fazeli of Bloomberg Intelligence says a takeover would make…

We're trimming an industrial and buying another name. Plus, 2 more stocks we're eyeing

We're starting the new trading week off with a couple of moves.

Kenya: The Wine Fair Signals a New Era for Experience-Led Events With 100 Wine Brands and 37 Exhibitors Gathering

[Capital FM] More than 100 wine brands, represented by 37 exhibitors, transformed The Jockey Club, Ngong Road, into a vibrant showcase of wine, gastronomy and lifestyle on Saturday as over 1,000 attendees gathered for the seventh edition…

Colombian Peso Pares Stellar Rally as Central Bank Steps In

The Colombian peso is on track for its biggest drop in three months after the central bank unexpectedly paused rate hikes and announced a program to build up dollar reserves, signaling that the currency’s rally has gone too far.

UBS to Pay $125 Million Over Anti-Money Laundering Violations

UBS Financial Services Inc., a subsidiary of UBS Group AG, has agreed to pay $125 million in fines to settle allegations by the US government that it willfully and repeatedly violated anti-money laundering rules.

California's diesel prices have jumped since the Iran war started, with ripple effects across the country

California has the highest gas prices in the country as well as the busiest containership port, meaning consumers across the country could feel the impact of higher diesel.

FalconX Cuts Staff on Extended Downturn in Crypto Markets

Digital assets brokerage firm FalconX has cut 10% of staff globally, as it prepares for a prolonged downturn in cryptocurrency markets, according to people familiar with the matter.

Bloomberg Surveillance 8/3/2026

Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)

US finalizes voluntary AI safety tests, White House official says