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Watch: Microsoft, Apple Avoid OpenAI's Board

Microsoft, Apple Drop OpenAI Board Plans as Scrutiny Grows

Global watchdogs are looking into Big Tech’s clout in AI.

Foundering: The OpenAI Story (Podcast)

Foundering: The OpenAI Story

Watch: Fed Chair Powell Goes Before the Senate

Powell Flags Rising Risks to Jobs While Avoiding Rate-Cut Timing

The Federal Reserve chair says recent readings point to “modest further progress” on prices.

Jerome Powell’s Laser Focus on Inflation

Newsletter: Economics Daily

Jerome Powell’s Laser Focus on Inflation

US Election 2024

Poll: Biden Narrows Swing State Gap Democratic Scenarios Election Violence Fears

Biden Pushes On To Pennsylvania As Pressure From Democrats Rises — Hannah Beier/Bloomberg

Biden Looks to Black, Latino Leaders to Put Down Party Uprising

Democrats Blast Trump Agenda in Bid to Shift Focus Away From Biden

Trump Teases Rubio at Miami Rally as VP Announcement Nears

Bloomberg News Now

Listen to the latest news: Democrats Blast Trump Agenda, VP Announcement Nears, More

6:24

updated 2 hr ago

War in Ukraine

Hybrid Warfare Seized Russian Assets Nuclear Risk

Watch: Ukraine's Zelenskiy Urges NATO to Help Kyiv Now, Before US Election

Zelenskiy Urges NATO to Help Kyiv Now, Before the US Election

The firm tone of the address underscores the sense of urgency that Ukraine is feeling with the war well into its third year.

War and Trump Have NATO Feeling Its Age at 75

Newsletter: Balance of Power

War and Trump Have NATO Feeling Its Age at 75

Latest

Bloomberg Opinion

President Biden Spends Fourth Of July At The White House

Bloomberg Opinion

Biden Needs to Accept That It’s Time to Step Aside

The president has a long record of distinguished achievements. His next one should be setting up a better candidate to defeat Trump.

By Timothy L. O'Brien, Columnist

NATO’s ‘Bridge’ to Ukraine Is a Ramp to Nowhere

By Andreas Kluth, Columnist

M&A Is Back. Bonuses, Not So Much.

By Paul J. Davies, Columnist

You Better Not Ding Your Rental Car This Summer

By Chris Bryant, Columnist

Most Active US Stocks

Chelsea FC v Fulham FC - Premier League

The End of the Cheap Money Era Catches Up to Chelsea FC’s Owner

The Californian private equity firm has at least $10 billion in distressed debt among its portfolio companies, a snapshot of the difficulties the buyout industry is facing right now.

The Manhattan skyline.

US Commercial Property Crash Is Set to Deepen the Pain Elsewhere

Distressed investors see one of the best opportunities in a generation to buy troubled US real estate assets.

Limited-Series Podcast

Foundering

OpenAI E5, Beware the Ides of November

47:48

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A Celebrity-Backed Climate Startup Unravels After Dubious Deals — Source: Google Street View

A Celebrity-Backed Climate Startup Unravels After Dubious Deals

Three years after pursuing a $2 billion IPO, Aspiration Partners faces probes by US authorities.

about 3 hours ago

Private Credit Funds Take On Wall Street’s Least Loved Label

Bloomberg News Now

Listen to the latest news: Democrats Blast Trump Agenda, VP Announcement Nears, More

6:24

updated 2 hr ago

Latest

Limited-Series Podcast

Foundering

OpenAI E5, Beware the Ides of November

47:48

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Fresh perspectives on business, economics, politics and tech.

Bloomberg may send me offers and promotions.

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Most Active US Stocks

Hurricane Beryl Makes Landfall In Texas After Raking Mexico

Houston Struggles With Beryl’s Blackouts and Searing Heat

Hurricane Beryl Makes Landfall In Texas After Raking Mexico

HSBC Reshapes Investment Banking to Look More Like Rivals

HSBC Reshapes Investment Banking to Look More Like Rivals

HSBC Reshapes Investment Banking to Look More Like Rivals

How One Brooklyn Neighborhood Became a Nightclub Haven

‘Urban Family Exodus’ Continues With Number of Young Kids in NYC Down 18%

How One Brooklyn Neighborhood Became a Nightclub Haven

Bloomberg Businessweek

LVMH's Arnault on How He Built an Empire of Opulence

LVMH's Arnault on How He Built an Empire of Opulence

The 75-year-old French centibillionaire opens up about the fashion business, succession, the Paris Olympics and Warren Buffett’s advice about mandatory retirement ages.

By Brad Stone and Angelina Rascouet

July 1, 2024

More from this issue:

LVMH's Arnault on How He Built an Empire of Opulence Yass: One of the Most Influential Billionaires in 2024 Election The Deadly Mining Complex Powering the EV Revolution

How Digital Money Really Works

How Digital Money Really Works

An interview with Patrick McKenzie, who’s built a following explaining the infrastructure of modern finance.

An Heiress Just Let 50 Strangers Pick How She Spent Her Millions. Will Others Try It?

A “citizens’ assembly” is a form of decision-making from ancient Greece that is now newly popular.

Looser Visa Rules for Indian Travelers Stoke a Tourism Boom

The country of 1.4 billion is poised to be the No. 4 source of tourist spending by 2030.

Markets

ETFs Crypto Deals

Paris Loses Crown as Europe's Biggest Stock Market to London

Europe Weighs Following US T+1 Move in Late 2027, Officials Say

BlackRock Counts on Jocular Ex-Trader to Boost Muni Business

IRH Mining Dealmaker Has Met With Congo Gold Smugglers, UN Says

Odd Lots: Warren Mosler Says US Is Spending Too Much (Podcast)

Odd Lots: Warren Mosler Says US Is Spending Too Much

European Fishing Firms Grapple With Debt as Problems Mount

Newsletter: The Brink

European Fishing Firms Grapple With Debt as Problems Mount

Bloomberg Originals

How Youth Sports Became a $38 Billion Play

How Youth Sports Became a $38 Billion Play

Why Australia Is Experimenting With Psychedelics

Why Australia Is Experimenting With Psychedelics

How China Is Remaking Hong Kong in Its Image

How China Is Remaking Hong Kong in Its Image

How North Korea Is Building a Nuclear Arsenal

How North Korea Is Building a Nuclear Arsenal

Space

The Ariane 6 rocket can launch both heavy and light payloads.

Europe’s Ariane 6 Rocket Reaches Orbit But Suffers Glitch

The Ariane 6 rocket can launch both heavy and light payloads.

Low-Earth Orbit Is Where the Real Action Is in Space

Low-Earth Orbit Is Where the Real Action Is in Space

Low-Earth Orbit Is Where the Real Action Is in Space

US-SPACE-NASA-BOEING-STARLINER

Boeing, NASA Don’t Want You to Think Its Astronauts Are Stranded

US-SPACE-NASA-BOEING-STARLINER

Trading On The Floor Of NYSE As Virgin Galactica Releases IPO

Even Virgin Galactic Loyalists Are Starting to Lose Faith

Trading On The Floor Of NYSE As Virgin Galactica Releases IPO

Technology

AI Cybersecurity Screentime

MegazoneCloud Picks JPMorgan, Banks for IPO as AI Interest Grows

Has Artificial Intelligence Co-opted the Sparkle Emoji?

Lithuania Imposes Record Fine on Crypto Company Over Sanctions

Germany Saw 15% Increase in Startups During First Half

about 4 hours ago

TSMC Sales Surge Past Expectations on AI Infrastructure Boom

CPPIB Invests €550 Million for 20% Stake in Hg’s Team.blue

Wealth

Jersey City's Luxury Housing Boom Fuels Pitch for ‘SoHo West’

Jersey City's Luxury Housing Boom Fuels Pitch for ‘SoHo West’

Jersey City's Luxury Housing Boom Fuels Pitch for ‘SoHo West’

UBS Sees $83 Trillion Wealth Transfer Over Next Three Decades

UBS Sees $83 Trillion Wealth Transfer Over Next Three Decades

UBS Sees $83 Trillion Wealth Transfer Over Next Three Decades

XTX Markets Ltd. Co-CEOs

Quant Trader Worth $11 Billion Builds Firm to Manage XTX Riches

XTX Markets Ltd. Co-CEOs

Properties at 46 Plantation Road in Hong Kong

Hong Kong Mansions Sold for $141 Million in Single Transaction

Properties at 46 Plantation Road in Hong Kong

Politics

US Election UK Europe Middle East Asia

Anti-government protesters during a demonstration in Nairobi on July 2. — Kabir Dhan/AFP/Getty Images

Kenya on Tightrope as Options Fade to Scale $26 Billion Debt Wall

Keir Starmer Eyes Quick UK-EU Pact on Defense and Security

Philippines Pushes Bigger Defense Spending as China Spat Lingers

Fed Chair Powell Gives DC Something Other Than Biden to Talk About

Newsletter: Washington Edition

Fed Chair Powell Gives DC Something Other Than Biden to Talk About

Big Take DC: Inside the Debate Disaster for Biden (Podcast)

Big Take DC: Inside Biden’s Debate Disaster

Explainers

Housing in Spain's Second City Amid New Rental Controls

Cities Are Cracking Down on Short-Term Rentals. Here’s How.

Housing in Spain's Second City Amid New Rental Controls

NATO Summit Marks 70th Anniversary Of The Alliance

Why NATO Allies Are Worried About a Second Trump Presidency

NATO Summit Marks 70th Anniversary Of The Alliance

China's National People's Congress 2024

Why China’s Third Plenum Matters for Global Investors

China's National People's Congress 2024

New Iranian President Holds Press Conference

What Election of Iran Reformist as President Means for the Region

New Iranian President Holds Press Conference

Industries

Real Estate Energy Health

3M Co. Products Ahead Of Earnings Figures

3M CFO Resigns Following Leadership Shakeup, Health-Care Spinoff

UK Builder Bellway Makes £700 Million Takeover Bid for Crest

Saudi Arabia’s Haul From Aramco Share Sale Finalized at $12.35 Billion

The Deal: Inside Joe Pompliano's Sports Media Playbook (Podcast)

The Deal: Inside Joe Pompliano's Sports Media Playbook

Low-Earth Orbit Is Where the Real Action Is in Space

Newsletter: Business of Space

Low-Earth Orbit Is Where the Real Action Is in Space

Green

New Energy Greener Living ESG Investing

A Climate Treaty Gets the Shakespearean Treatment in ‘Kyoto’ — Photo by Manuel Harlan

A Climate Treaty Gets the Shakespearean Treatment in ‘Kyoto’

The play based on the negotiation of the Kyoto Protocol is narrated by “the person who didn't want this to go the way that it went,” says Stephen Kunken, who plays fossil-fuel lobbyist Don Pearlman, on this week’s Zero.

The Climate Comedy Cohort Wants to Make Global Warming… Funny?

BP Warns of ‘Disorderly’ Clean-Energy Transition Amid Record Fossil Fuel Use

Zero: Staging the Drama of the Kyoto Summit (Podcast)

Zero: Staging the Drama of the Kyoto Summit

An Optimist's Guide to the Planet Trailer

An Optimist's Guide to the Planet Trailer

Pursuits

PURSUITS_WEB_SOTHEBYS_OUTLOOK

Two Key Factors Will Impact the Luxury Housing Market: Report

PURSUITS_WEB_SOTHEBYS_OUTLOOK

The 18 Best Pasta Dishes in New York City, Picked by Top Chefs

The 18 Best Pasta Dishes in New York City, Picked by Top Chefs

The 18 Best Pasta Dishes in New York City, Picked by Top Chefs

Hamad International Airport becomes an Orchard with curated, sustainable and Green Concourse

Here Are the World’s 10 Best Airports for 2024

Hamad International Airport becomes an Orchard with curated, sustainable and Green Concourse

Kevin Costner

Tired of Sequels? We Found an Alternative. There’s Just One Problem

Kevin Costner

Economics

Inflation & Prices Indicators Central Banks

Inside Dollar Tree Store Locations Ahead Of Earnings Figures

EU Risks Inflation Pressure If Deforestation Law Takes Effect

Ghana Inflation Slows to a Two-Year Low Puts Rate Cut in Focus

ECB’s Vujcic Proposed for New Term at Croatian Central Bank

China Updates Its Monetary Toolkit

Newsletter: Economics Daily

China Updates Its Monetary Toolkit

Bloomberg Surveillance: Biden's Health and Markets (Podcast)

Bloomberg Surveillance: Biden's Health and Markets

CityLab

Despite Mandate, Chicago Lead Pipe Replacement Is 50 Years Away

Despite Mandate, Chicago Lead Pipe Replacement Is 50 Years Away

Despite Mandate, Chicago Lead Pipe Replacement Is 50 Years Away

Travel Ahead Of Fourth Of July Holiday

DC’s Union Station Is Witnessing a Retail Revival. But a Court Battle Looms

Travel Ahead Of Fourth Of July Holiday

Capital Brutalism

How to Save Brutalism From the Wrecking Ball

Capital Brutalism

Even Britain’s Cheapest Town Has a Housing Crisis

Even Britain’s Cheapest City Has a Housing Crisis

Even Britain’s Cheapest Town Has a Housing Crisis

Work + Life

Work Shift Equality Business of Sports

Allen & Co Brings Together Media And Tech Titans In Sun Valley — Kevork Djansezian/Getty Images

Warner Bros. CEO Says Paramount Takeover ‘Good for the Industry’

Another High Stakes US Election Is Leading to Workplace Tension

Paris Airport Workers Plan to Strike in Run-Up to Olympics

Saudi Arabia to Lure Ultra-Luxe Travelers With Palace Stays

Davos Organizer Sued for Race, Pregnancy Discrimination

Markets Magazine

Markets Magazine_Plumber_01

Why the UK’s Richest Plumber Regrets Selling Out to KKR

Charlie Mullins reaped $178 million as Wall Street firms buy out family businesses in home repair. Their industry may never be the same.

By Sabah Meddings and Michael Sasso

Bloomberg Markets Money Issue

More from this issue:

America's $38 Trillion Retirement Pool Isn't Enough China’s Housing Crash Sets Back Careers Billionaire Stephen Ross Bets on Florida's Wealth Boom

Markets Magazine_Books_03

Private Lives Beneath Wall Street Glitz Are Revealed in a New Book

A novelist does real-world research for his debut, Ways and Means.

Six Quant Finance Pioneers Walk Into a Bar, and No One Has a Stock Tip

Listening in as mathematicians, traders, and bestselling writer Nassim Nicholas Taleb talk about uncertainty, risk and the probabilistic life.

Global Diversification Has Disappointed. Don’t Give Up

After an incredible 15 years for US public and private equities, investors shouldn’t count on history repeating.