Nasdaq Inc. has submitted a proposal to the SEC seeking approval for extending its trading hours to 23 hours during weekdays, aiming to enhance market accessibility and liquidity for investors. This initiative reflects Nasdaq's commitment to adapting to the evolving needs of the trading community.

Oil prices remain near their lowest levels since 2021 as traders assess the potential for a ceasefire in Ukraine, which could lead to reduced restrictions on Russian crude oil flows in an already oversupplied market. This situation reflects ongoing uncertainty in the energy sector as geopolitical tensions continue to influence market dynamics.

Bjak Sdn, Malaysia’s largest online insurance aggregator, is considering an initial public offering (IPO) within the next two years as part of its strategy to expand into the European market. This move reflects the company's ambition to grow its footprint beyond Malaysia.

Cheryl McKissack Daniel, President and CEO of McKissack and McKissack, highlighted the persistent issue of bureaucratic red tape hindering construction in New York City during an interview on Bloomberg's 'The Close.' She noted that her firm is currently in discussions with the city's new mayor, who is reportedly aware of the necessary changes to improve the situation.

Gold prices have steadied after a five-day rally, as investors are closely monitoring upcoming US economic data that may influence the Federal Reserve's decisions on interest rates. This pause in gold's upward momentum comes amid anticipation of potential rate cuts by the Fed.

Michael Levy, CEO of Crow Holdings, stated that power capacity in the United States is being rapidly consumed due to the growth of data center developments. He highlighted that energy providers are now demanding large, multi-year deposits from developers to ensure future access to power.

The Indian rupee has reached new record lows, significantly impacting the equity market as analysts express concerns that this prolonged weakness could hinder the recovery of the $5.2 trillion stock market. The decline in the rupee's value is attributed to various economic factors, including foreign outflows and negative market sentiment.

During Bloomberg's annual ETF event, BlackRock's Rick Rieder and Steve Laipply discussed the challenges of creating a 100% private credit ETF, highlighting the complexities involved in such a financial product. This conversation underscores the evolving landscape of investment strategies as firms navigate market demands and regulatory environments.

Jeff Rosenberg, senior portfolio manager at BlackRock, announced the launch of the iShares Systematic Alternatives Active ETF (ticker: IALT) during an appearance on 'Bloomberg ETF IQ', highlighting its potential for diversification in investment strategies.