Trump targets Iran’s trade lifelines — here are the countries most exposed

Hedge funds turned the most bullish on Brent crude since May as a fresh spate of fighting between the US and Iran heightened concerns about prolonged disruptions to energy flows through the Strait of Hormuz.

Commerce Secretary Howard Lutnick has been chosen by the Department of Defense to review any transactions between the Pentagon and companies associated with Cerberus Capital Management, according to a US official.

The global bond selloff is proving no wrecking ball for Wall Street, repricing the cost of money without setting off the usual scramble out of risk assets.

Ketaki Sharma, founder and CEO of Algorithm Research, says the inflation is the main factor to watch in assessing the the bond market and the Federal Reserve’s next move. She speaks on Horizons: Middle East and Africa.…

Bloomberg's Lisa Mateo joins Scarlet Fu and Tom Keene on Bloomberg Money. They discuss how people are spending their money at the US Open. (Source: Bloomberg)

Bloomberg's Josyana Joshua joins Scarlet Fu and Tom Keene on Bloomberg Money. Many parents are opening accounts that let teens learn the basics of investing with their supervision, in hopes of teaching them about…