US consumer sentiment rose in early June for the first time in four months as the University of Michigan’s preliminary sentiment index increased to 48.9 in June from a record low 44.8 in May. Joanne Hsu, director of University of Michigan Surveys of Consumers, provides background on the numbers. (Source: Bloomberg)

US Energy Secretary Chris Wright said roughly 7 million barrels of daily oil and fuel shipments are flowing through the Strait of Hormuz, or about half of the volumes stranded at the start of the Iran war. Wright spoke Friday with Annmarie Hordern during the Bloomberg Energy Security Executive Briefing in Houston. (Source: Bloomberg)

Bitcoin’s rebound this week from the depths of despair below $60,000 has reignited a familiar Wall Street ritual: trying to call the bottom.

The vibes in New York City are very, very good this week with the historic 29-point comeback in Game 4 of the NBA Finals. Bloomberg's Randall Williams joins Max Chafkin and Stacey Vanek Smith on the Everybody's Business podcast to unpack the NBA frenzy overtaking New York and the economic impact the Knicks' historic run has on the city. (Source: Bloomberg)

Exports of refined fuels from the Persian Gulf have rebounded this month as more tankers managed to slip through the Strait or Hormuz, providing welcome relief to markets starved of supply.