S&P 500
5,576.98
+0.07%
Nasdaq
18,429.29
+0.14%
US 10 Yr
4.30
–0.14%
FTSE 100
8,139.81
–0.66%
Crude Oil
81.69
+0.34%
Gold
2,370.40
+0.11%
Euro
1.08
+0.01%
Pound/Dollar
1.28
+0.02%

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.
Here Are the Key Takeaways From Powell’s Testimony in Senate
Markets Wrap
China Stocks Eye Gains; S&P 500 Steady On Powell
Short Sellers Gained $10 Billion in Second Quarter Despite S&P 500 Rally
Bond Traders Built Up Bets on a Treasury Rally Every Day in July

US Election 2024

Poll: Biden Narrows Swing State GapDemocratic ScenariosElection Violence Fears
Lawmakers Return To Capitol Hill After July 4th Break
Democrats Blast Trump Agenda in Bid to Shift Focus Away From Biden
The president maintains support from key party constituencies.
Pritzker Backs Biden After Venting Over Failure to Communicate
Yellen Defends Biden as ‘Extremely Effective’ in Long Meetings, Including With China’s Xi
Bloomberg News Now

Listen to the latest news: At NATO Stoltenberg And Biden Pledge Russia Ukraine Defeat

4:57
Keir Starmer Departs For Washington On First Foreign Trip As UK Prime Minister
Stefan Rousseau/WPA Pool/Getty Images

Latest

Bloomberg Opinion

Hurricane Beryl Impacts Texas Coastline
Bloomberg Opinion
Don’t Mess With Texas? Mother Nature Didn’t Get the Memo
Even before Hurricane Beryl, the Lone Star State had suffered more weather disasters than any other.
By Jessica Karl, Columnist
The Private Equity Bubble Is About to Deflate
By Allison Schrager, Columnist
Allison Schrager
The US Housing Crisis Is Really About Low-Wage Jobs
By Kathryn Anne Edwards, Columnist
Biden Is Trying to Run Out the Clock
By Timothy L. O'Brien, Columnist
O'BRIEN

Most Active US Stocks

NYC Penthouse Sells for $135 Million in Priciest Deal Since 2022
Source: OKO Group
NYC Penthouse Sells for $135 Million in Priciest Deal Since 2022
Analysis
New York City’s Apartment Shortage Is Set to Get Even Worse
Rich People Are Freezing Themselves to Stay Wealthy Forever
Rich People Are Freezing Themselves to Stay Wealthy Forever
Estate attorneys are creating trusts aimed at extending wealth until people who get cryonically preserved can be revived, even if it’s hundreds of years later.
Limited-Series Podcast

Foundering

OpenAI E5, Beware the Ides of November

47:48
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Extreme Weather

Climate Change LinkA New Type of AnxietyFire Weather
Beryl's Houston Blackout Likely To Last Days As Heat Returns 
Mark Felix/Bloomberg
Houston Bakes in Post-Beryl Blackout as Biden Declares Emergency
Houston is set for a dangerous bout of heat as homes and businesses in the area remain without power.
Houston Has 154,000-Gallon Sewage Spill After Power Outage
No One Knows Exactly How Many People Are Dying From Extreme Heat

Bloomberg News Now

Listen to the latest news: At NATO Stoltenberg And Biden Pledge Russia Ukraine Defeat

4:57

Latest

Limited-Series Podcast

Foundering

OpenAI E5, Beware the Ides of November

47:48
Get the Businessweek Daily newsletter
Fresh perspectives on business, economics, politics and tech.
Preview

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Most Active US Stocks

Kroger Ahead Of Earnings Figures
Kroger, Albertsons Unveil Stores to Be Divested Ahead of Trial
Kroger Ahead Of Earnings Figures
Pharmaceutical Drug Roundup Inside A Pharmacy
Purdue Pharma Wins Short Window to Negotiate New Sackler Deal
Pharmaceutical Drug Roundup Inside A Pharmacy
Every Politician Wants Green Jobs in This Bitter US Battleground
Solar Firm Gets Millions in US Tax Credits Despite Chinese Labor Questions
Every Politician Wants Green Jobs in This Bitter US Battleground

Bloomberg Businessweek

LVMH's Arnault on How He Built an Empire of Opulence
The Big Take
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 OpulenceYass: One of the Most Influential Billionaires in 2024 ElectionThe Deadly Mining Complex Powering the EV Revolution
Welcome to the Ugly Side of SpaceX
Welcome to the Ugly Side of SpaceX
This week on Elon, Inc., we discuss toxic workplace allegations at Musk’s rocket factory and how he’s been pushing back.
Family Offices of the Ultra-Rich Shed Privacy With Activist Bets
Even as average Americans flock to the market, investment funds of the wealthy are getting more aggressive with public companies.
How to Invest During a High Interest Rate Era
More people are in the market, but it’s a confusing world for finance.

Markets

ETFsCryptoDeals
Hedge Fund Guy Trashes Economics And Becomes A Left-Wing Guru
Scott McIntyre/Bloomberg
Warren Mosler Explains Why High Interest Rates Might Fan Inflation
The father of MMT on the toxic mix of high debt and high prices.
What’s at Stake in DeFi’s Most-Hyped Sector
Lithium Projects Likely to Exceed Government Targets in Chile
Odd Lots: Warren Mosler Says US Is Spending Too Much (Podcast)
Listen (50:06)
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

24:01
How Youth Sports Became a $38 Billion Play
How Youth Sports Became a $38 Billion Play
10:21
Why Australia Is Experimenting With Psychedelics
Why Australia Is Experimenting With Psychedelics
9:50
How China Is Remaking Hong Kong in Its Image
How China Is Remaking Hong Kong in Its Image
8:36
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

AICybersecurityScreentime
Apple Stores Ahead Of Earnings
David Paul Morris/Bloomberg
Apple Sees Biggest Gains as Quarterly Personal Computer Shipments Jump
Power Outages Threaten Houston Data Center in Intense Heat
US Says Russia Used AI-Powered Bots in Disinformation Scheme
US Opens $1.6 Billion Competition for Chip Packaging Research
France Approves Flying Taxi Port on Seine River Barge

Wealth

Hewlett Packard Enterprise Discover 2024 Event
How Should You Invest Around the AI Bubble?
Hewlett Packard Enterprise Discover 2024 Event
Billionaire Founders Make Uruguay a Growing Hub for Tech Talent
Billionaire Founders Make Uruguay a Growing Hub for Tech Talent
Billionaire Founders Make Uruguay a Growing Hub for Tech Talent
4:10
Key Speakers At The 2014 Milken Conference
Bobby Jain’s Complex Hedge Fund Debut Spawns Fans, Doubters
4:10
Key Speakers At The 2014 Milken Conference
Britain’s Non-Dom Population Rose 7% Ahead of Tax Revamp Plans
Britain’s Non-Dom Population Rose 7% Ahead of Tax Revamp Plans
Britain’s Non-Dom Population Rose 7% Ahead of Tax Revamp Plans

Politics

US ElectionUKEuropeMiddle EastAsia
Besoin d'Europe Party Launches European Election Campaign
Nathan Laine/Bloomberg
Macron’s Ex-Premier Seeks Center-Right Accord to Form Government
NATO Offers Ukraine More Air Defense in New Support Pledge
Haley Releases Delegates, Urges Them to Back Trump at Convention
Biden Latest Campaign Challenge Is Quashing a Party Revolt
Newsletter: Washington Edition
Biden Latest Campaign Challenge Is Quashing a Party Revolt
Big Take DC: Inside the Debate Disaster for Biden (Podcast)
Listen (19:11)
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 EstateEnergyHealth
Chief Financial Officer Jack Hartung Says Chipotle Still Has Pricing Power
Taylor Glascock/Bloomberg
Chipotle CFO Hartung to Retire After More Than 20 Years in Role
UPS Names Company Insider as CFO After Predecessor’s Sudden Exit
Jefferies-Backed Fund Accuses Ex-Portfolio Manager of Fraud
The Deal: Inside Joe Pompliano's Sports Media Playbook (Podcast)
Listen (30:54)
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 EnergyGreener LivingESG Investing
Oxy And 1PointFive Direct Air Capture Plant Groundbreaking Ceremony
Jordan Vonderhaar/Bloomberg
Occidental Clinches Record Carbon-Removal Deal With Mega-Buyer Microsoft
Private Credit Managers Take On Wall Street’s Least Loved Label
Chinese Solar Company Longi Forecasts First-Half Loss as Prices Drop
Zero: Staging the Drama of the Kyoto Summit (Podcast)
Listen (26:05)
Zero: Staging the Drama of the Kyoto Summit
An Optimist's Guide to the Planet Trailer
Watch (1:45)
An Optimist's Guide to the Planet Trailer

Pursuits

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
Key Speakers At The Clinton Global Initiative Meeting
Lin-Manuel Miranda’s Next Musical Project Will Be a Concept Album
Key Speakers At The Clinton Global Initiative Meeting
Kevin Costner
Tired of Sequels? We Found an Alternative. There’s Just One Problem
Kevin Costner

Economics

Inflation & PricesIndicatorsCentral Banks
Brazil Deputy Finance Minister Gabriel Galipolo Interview
Arthur Menescal/Bloomberg
Brazil Central Banker Signals High Bar for Currency Intervention
Yellen Echoes Powell Saying Labor Market Now Less Inflationary
Lindner’s ECB Crisis Tool Doubts Stoke Dismay Among Policymakers
China Updates Its Monetary Toolkit
Newsletter: Economics Daily
China Updates Its Monetary Toolkit
Bloomberg Surveillance: Biden's Health and Markets (Podcast)
Listen (27:19)
Bloomberg Surveillance: Biden's Health and Markets

Work + Life

Work ShiftEqualityBusiness of Sports
PURSUITS_WEB_PORSCHE_911
Source: Porsche
The First Porsche 911 Hybrid Is $165,000 Carrera GTS: Review
More power, speed—and a start button.
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

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 EnoughChina’s Housing Crash Sets Back CareersBillionaire 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.
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