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Apple CEO Tim Cook is in the crosshairs as Trump demands U.S.-made iPhones. Analysts say it’s a logistical and financial fantasy.

(Bloomberg) -- Treasury Secretary Scott Bessent said that US regulators this summer may ease a rule that’s served as a constraint on banks’ trading in the $29 trillion Treasuries market.Most Read from BloombergNY Private School Pleads for Donors to Stay Open After Declaring BankruptcyCan Frank Gehry’s ‘Grand LA’ Make Downtown Feel Like a Neighborhood?UAE’s AI University Aims to Become Stanford of the GulfNYC’s War on Trash Gets a Glam SquadChicago’s O’Hare Airport Seeks Up to $4.3 Billion of Mun

(Bloomberg) -- Harvard University won a temporary court order blocking the Trump administration from enforcing a ban on international students at the school, giving it a win in a high-stakes legal fight with broad implications for higher education in the US.Most Read from BloombergNY Private School Pleads for Donors to Stay Open After Declaring BankruptcyCan Frank Gehry’s ‘Grand LA’ Make Downtown Feel Like a Neighborhood?UAE’s AI University Aims to Become Stanford of the GulfNYC’s War on Trash G

U.S. government support for a "baseless" case alleging asset managers conspired to reduce competition in the coal sector risks undermining its goal of energy independence, BlackRock, the world's biggest asset manager, said on Friday. The U.S. Department of Justice and Federal Trade Commission on Thursday filed a statement of interest in the case by Texas and 12 other states against BlackRock and fellow large investors Vanguard and State Street Global Advisors (SSGA).

BlackRock’s Bitcoin ETF raked in more investments than any other ETF on Thursday.

Investors are fearing that projections for the U.S. debt mountain could increase further when a sweeping tax and spending bill goes through the Senate, with the risk that bond yields stay higher for longer. Higher bond yields can translate into higher borrowing costs for consumers, businesses and governments. "The concern is that as the bill winds its way through the Senate, spending cuts will get whittled down, stimulus will be added and the deficit will show even more growth," said Brian Nick, chief investment officer at NewEdge Wealth, who sees that translating into higher bond yields and a steeper yield curve.

Bitcoin slumped just modestly from record high levels on Friday, but the carnage in related stocks was far worse.

Since cryptocurrency’s inception, a major selling point was that it sidestepped the banking system. Now that President Donald Trump appears to be profiting off hismemecoin, the major banks are considering launching their own —stablecoin, that is.

U.S. equities have posted strong gains in May, with the S&P 500 rising more than 15% from its lows in April. Can the rally continue?

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