Doug Krisner

Viktor Orban has conceded defeat in Hungary's general election.

Orban has governed the country for 16 years as prime minister.

He has lost to Peter Magyar, the leader of the opposition party TISA.

Officials say Sunday's parliamentary election had the highest turnout in Hungary's post-communist history.

The International Monetary Fund says global prices will take time to come down even after the war ends.

More from Bloomberg's Monica Ricks.

Wall Street's biggest banks are set to report earnings this week, beginning with Goldman Sachs on Monday.

Herman Chan is a senior analyst with Bloomberg Intelligence.

He says it's been a tough quarter for U.S.

banks.

However, the economy has been resilient.

That is Bloomberg analyst Herman Chan on Bloomberg this weekend.

Bank shares are off to their worst start to a year since the regional banking crisis of 2023.

The KBW Bank Index fell 6% in the first quarter.

And that is news when you want it with Bloomberg News Now.

I'm Doug Krisner and this is Bloomberg.

News when you want it.

With Bloomberg News Now, I'm Doug Krisner.

The U.S.

and Iran failed to strike a peace deal over the weekend, and in response, President Trump said the U.S.