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Gold
2,327.80
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+0.73%
Euro
1.07
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1.25
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+0.03%

Watch: Fed Chair Powell Signals Rate Cuts Are Not Close

Jerome Powell Offered Markets a Reprieve. It Vanished in a Blink

SAUDI-US-GCC-POLITICS-DIPLOMACYSAUDI-US-GCC-POLITICS-DIPLOMACY
Mandel Ngan/AFP/Getty Images

Latest

U.S. Refiners Could Be Forced To Slow Production As Gasoline Profits Drag U.S. Refiners Could Be Forced To Slow Production As Gasoline Profits Drag
Exclusive
Exxon Set to Win FTC Approval for $60 Billion Pioneer Deal
The firms agreed that Pioneer’s co-founder and former CEO won’t join the board.
President Biden Departs The White House For Campaign Event In DelawarePresident Biden Departs The White House For Campaign Event In Delaware
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Biden Now Calls Ally Japan ‘Xenophobic’ Along With China, Russia
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Listen to the latest news: Arizona Votes To Repeal Abortion Law, Fed Rates Unchanged, More

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Bloomberg Opinion

Jay Powell Should Listen to Gandalf About 2% InflationJay Powell Should Listen to Gandalf About 2% Inflation
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Jay Powell Should Listen to Gandalf About 2% Inflation
What do orcs, dwarves, wizards, elves and hobbits have to do with the Fed’s monetary policy target? You’d be surprised.
By Jessica Karl, Columnist
China Has 350 Warships. The US Has 290. That's a Problem.
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James StavridisJames Stavridis
Biden Hugs the Saudis to Strong-Arm Israel
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The Dog Ate Japan’s Plan to Phase Out Coal Power
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Tesla Launches Model Y in Malaysia for $44,000 in SE Asia PushTesla Launches Model Y in Malaysia for $44,000 in SE Asia Push
Tesla Interns Say Offers Are Getting Revoked Weeks Before Their Start Date
Elon Musk's rampant job cuts are hitting even the lowest on the corporate ladder.
Tesla’s Head of Human Resources Exits as Staff Upheaval Spreads
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How Israel-Hamas War Tests Campus Tolerance of Speech
Interactive
Students Pitched Tents for Gaza on at Least 100 US College Campuses

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Listen to the latest news: Arizona Votes To Repeal Abortion Law, Fed Rates Unchanged, More

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Latest

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China's Climate Envoy Liu ZhenminChina's Climate Envoy Liu Zhenmin
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US, Europe Fear of China's Dominance Threatens Climate Fight, Says Xi's Envoy
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Arizona's Supreme Court Revives 1864 Law Banning Abortions, Causing BacklashArizona's Supreme Court Revives 1864 Law Banning Abortions, Causing Backlash
Arizona Senate Votes to Repeal State Abortion Ban From 1864
Arizona's Supreme Court Revives 1864 Law Banning Abortions, Causing BacklashArizona's Supreme Court Revives 1864 Law Banning Abortions, Causing Backlash
Public Sector Workers Protest As Inflation Seen Rising And Wages StagnatePublic Sector Workers Protest As Inflation Seen Rising And Wages Stagnate
Venezuela’s Maduro Increases Minimum Wage to $130 Ahead of Vote
Public Sector Workers Protest As Inflation Seen Rising And Wages StagnatePublic Sector Workers Protest As Inflation Seen Rising And Wages Stagnate

Bloomberg Businessweek

China Launches Rockets From Sea in Bid to Win the Space RaceChina Launches Rockets From Sea in Bid to Win the Space Race
China Launches Rockets From Sea in Bid to Win the Space Race
Offshore launches can improve takeoff positioning and save money on transporting rockets, but there are logistical challenges.
By Bloomberg News
Sextortion Scams Are Driving Teen Boys to SuicideSextortion Scams Are Driving Teen Boys to Suicide

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Sextortion Scams Are Driving Teen Boys to SuicideWhat Really Happens When You Trade In an iPhone at the Apple StoreHow Matzo Is Made
Elon Musk vs. Jeff Bezos Is America’s New Moon RaceElon Musk vs. Jeff Bezos Is America’s New Moon Race
Elon Musk vs. Jeff Bezos Is America’s New Moon Race
The billionaires’ dueling space companies anchor NASA's plan to bring astronauts to the moon for the first time in a half-century.
AI Is Helping Automate One of the World’s Most Gruesome Jobs
Advances in computer vision and machine learning allow robots to perform some of the high precision tasks required to butcher beef and chicken.
Will GM Regret Kicking Apple CarPlay off the Dashboard?
The uneasy relationship between Detroit and Cupertino is on display in a flawed rollout of GM’s new software.

Markets

ETFsCryptoDeals
Terraform Labs Co-Founder Do KwonTerraform Labs Co-Founder Do Kwon
Woohae Cho/Bloomberg
Terraform Labs Calls $5.3 Billion SEC Fraud-Fine Bid Unjustified
Bitcoin Slump Triggers Warning of ‘Trouble Ahead’ for Global Markets
Chinese Miners See Opportunities as BHP’s Mega Bid Unfolds
Odd Lots: The Ultra Wealthy Have Their Own World of Real Estate (Podcast)Odd Lots: The Ultra Wealthy Have Their Own World of Real Estate (Podcast)
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Odd Lots: The Ultra Wealthy's World of Real Estate
Trump Versus Biden Advertising Windfall is No Panacea for BroadcastersTrump Versus Biden Advertising Windfall is No Panacea for Broadcasters
Newsletter: The Brink
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Bloomberg Originals

10:29
Why the South China Sea Could Spark a WarWhy the South China Sea Could Spark a War
Why the South China Sea Could Spark a War
10:29
Why the South China Sea Could Spark a WarWhy the South China Sea Could Spark a War
6:17
How Drones Are Revolutionizing the Economics of WarHow Drones Are Revolutionizing the Economics of War
How Drones Are Revolutionizing the Economics of War
6:17
How Drones Are Revolutionizing the Economics of WarHow Drones Are Revolutionizing the Economics of War
22:31
When Jamie Dimon Speaks, the World ListensWhen Jamie Dimon Speaks, the World Listens
When Jamie Dimon Speaks, the World Listens
22:31
When Jamie Dimon Speaks, the World ListensWhen Jamie Dimon Speaks, the World Listens
37:47
The Deal Episode 9: Mark ShapiroThe Deal Episode 9: Mark Shapiro
The Deal Episode 9: Mark Shapiro
37:47
The Deal Episode 9: Mark ShapiroThe Deal Episode 9: Mark Shapiro

Technology

AICybersecurityScreentime
Satya Nadella at Microsoft Build AI Day SummitSatya Nadella at Microsoft Build AI Day Summit
Dimas Ardian/Bloomberg
Microsoft CEO Pledges $2.2 Billion in Latest Asian AI Investment
SK Hynix Has Sold Most of its AI Chip Capacity Through 2025
Permira Nears Deal for Israeli Fraud Protection Startup BioCatch
Why Netflix Is Betting Big on Latin AmericaWhy Netflix Is Betting Big on Latin America
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Why Netflix Is Betting Big on Latin America
Intel’s Gelsinger Fights Ghosts of History as Well as Rivals Nvidia, AMDIntel’s Gelsinger Fights Ghosts of History as Well as Rivals Nvidia, AMD
Newsletter: Tech Daily
Intel’s Gelsinger Fights Ghosts of History as Well as Rivals Nvidia, AMD

Wealth

Dubai Billionaire’s Children Plan to Revive Troubled World IslandsDubai Billionaire’s Children Plan to Revive Troubled World Islands
Dubai Billionaire’s Children Plan to Revive Troubled World Islands
Dubai Billionaire’s Children Plan to Revive Troubled World IslandsDubai Billionaire’s Children Plan to Revive Troubled World Islands
Chip WilsonChip Wilson
Lululemon Billionaire Pledges Shares to Goldman for Margin Loan
Chip WilsonChip Wilson
British Stocks May Be Back in FashionBritish Stocks May Be Back in Fashion
British Stocks May Be Back in Fashion
British Stocks May Be Back in FashionBritish Stocks May Be Back in Fashion
DO NOT USE - Bill Hwang BT- ONLY.DO NOT USE - Bill Hwang BT- ONLY.
He Lost $36 Billion in a Week. Now Bill Hwang Is Fighting to Avoid Prison
DO NOT USE - Bill Hwang BT- ONLY.DO NOT USE - Bill Hwang BT- ONLY.

Politics

US ElectionUKEuropeMiddle EastAsia
Solomon Islands' Minister of Foreign Affairs and External Trade Jeremiah Manele Visits New ZealandSolomon Islands' Minister of Foreign Affairs and External Trade Jeremiah Manele Visits New Zealand
Fiona Goodall/Getty Images
Solomon Islands Names Ex-FM Manele Leader in Win for China
Billionaires Lutnick, Paulson to Host Fundraiser for Trump in NY
UK Votes in Local Elections That May Test Sunak’s Leadership
Pot Industry Banking Bill Still in Congressional Limbo (Correct)Pot Industry Banking Bill Still in Congressional Limbo (Correct)
Newsletter: Washington Edition
Pot Industry Banking Bill Still in Congressional Limbo (Correct)
Big Take DC: How FOIA Unlocks Government Secrets (Podcast)Big Take DC: How FOIA Unlocks Government Secrets (Podcast)
Listen (14:30)
Big Take DC: How FOIA Unlocks Government Secrets

Explainers

UK Prepares For Possible Interest Rate IncreaseUK Prepares For Possible Interest Rate Increase
Why Mortgages and Interest Rates Are a Hot UK Election Issue
UK Prepares For Possible Interest Rate IncreaseUK Prepares For Possible Interest Rate Increase
Archegos Founder Bill Hwang & CFO Patrick Halligan Charged With Securities FraudArchegos Founder Bill Hwang & CFO Patrick Halligan Charged With Securities Fraud
Bill Hwang On Trial: The Criminal Case Against Archegos’s Founder, Explained
Archegos Founder Bill Hwang & CFO Patrick Halligan Charged With Securities FraudArchegos Founder Bill Hwang & CFO Patrick Halligan Charged With Securities Fraud
Nvidia Products and Offices In TaipeiNvidia Products and Offices In Taipei
Why AI Is So Expensive
Nvidia Products and Offices In TaipeiNvidia Products and Offices In Taipei
4:55
Did Japan Intervene to Prop Up the Yen? How We Might KnowDid Japan Intervene to Prop Up the Yen? How We Might Know
Did Japan Intervene to Prop Up the Yen? How We Might Know
4:55
Did Japan Intervene to Prop Up the Yen? How We Might KnowDid Japan Intervene to Prop Up the Yen? How We Might Know

Industries

Real EstateEnergyHealth
Office Space in London's Financial DistrictOffice Space in London's Financial District
UK Commercial Real Estate Lending Plunges to Lowest in a Decade
Google’s Payments to Apple Reached $20 Billion in 2022, Antitrust Court Documents Show
National Australia Bank to Buy Back $1 Billion as Profit Meets Expectations
The Deal Episode 10: Serena Williams (Podcast)The Deal Episode 10: Serena Williams (Podcast)
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The Deal Episode 10: Serena Williams
Tiny Islands Look to Space to Save Them From Global WarmingTiny Islands Look to Space to Save Them From Global Warming
Newsletter: Business of Space
Tiny Islands Look to Space to Save Them From Global Warming

Green

New EnergyGreener LivingESG Investing
Texas's Largest Fire Keeps Burning And Only Partially Under ControlTexas's Largest Fire Keeps Burning And Only Partially Under Control
Texas Lawmakers Fault Xcel Power Pole in State’s Largest Fire
Extreme Weather Is Driving More US Power Outages, Studies Show
Wells Fargo, RBC Bankers Met Texas AG Staff Regarding ESG Probe
Zero: The bank financing Africa’s green growth (Podcast)Zero: The bank financing Africa’s green growth (Podcast)
Listen (35:50)
Zero: The Bank Financing Africa’s Green Growth
An Optimist's Guide to the Planet TrailerAn Optimist's Guide to the Planet Trailer
Watch (1:45)
An Optimist's Guide to the Planet Trailer

Pursuits

These 11 Mother’s Day Gifts Are So Much More Than Merely UsefulThese 11 Mother’s Day Gifts Are So Much More Than Merely Useful
These 11 Mother’s Day Gifts Are So Much More Than Merely Useful
These 11 Mother’s Day Gifts Are So Much More Than Merely UsefulThese 11 Mother’s Day Gifts Are So Much More Than Merely Useful
Giant diptych Murals on walls along the Meuse River in Liege, Wallonia, BelgiumGiant diptych Murals on walls along the Meuse River in Liege, Wallonia, Belgium
An Overlooked Belgian City Has Quietly Become a Street-Art Haven
Giant diptych Murals on walls along the Meuse River in Liege, Wallonia, BelgiumGiant diptych Murals on walls along the Meuse River in Liege, Wallonia, Belgium
A Local Expert Breaks Down What’s Best in Suddenly Cool RomaniaA Local Expert Breaks Down What’s Best in Suddenly Cool Romania
A Local Expert Breaks Down What’s Best in Suddenly Cool Romania
A Local Expert Breaks Down What’s Best in Suddenly Cool RomaniaA Local Expert Breaks Down What’s Best in Suddenly Cool Romania
These Five Summer Beach Bags Are Truly One in a MillionThese Five Summer Beach Bags Are Truly One in a Million
These Five Summer Beach Bags Are Truly One in a Million
These Five Summer Beach Bags Are Truly One in a MillionThese Five Summer Beach Bags Are Truly One in a Million

Economics

Inflation & PricesIndicatorsCentral Banks
Recycling Wind Turbine Blades Can Solve the Industry’s Biggest ProblemRecycling Wind Turbine Blades Can Solve the Industry’s Biggest Problem
Taiwan Halts Two-Year Factory Slump to Lead Broader Rebound
Hong Kong Holds Rate as Fed Signals Inflation Concerns
Foreign Investment in UK Bucks Declines Across Europe, EY Says
The Spotlight’s on Powell as Fed-Easing Dream FadesThe Spotlight’s on Powell as Fed-Easing Dream Fades
Newsletter: Economics Daily
The Spotlight’s on Powell as Fed-Easing Dream Fades
Instant Reaction: Jay Powell on Fed Policy (Podcast)Instant Reaction: Jay Powell on Fed Policy (Podcast)
Listen (26:38)
Instant Reaction: Jay Powell on Fed Policy

CityLab

Billionaire-Backed Developer Asks Voters to Approve New California CityBillionaire-Backed Developer Asks Voters to Approve New California City
Billionaire-Backed Effort to Build New California City Advances to November Ballot
Billionaire-Backed Developer Asks Voters to Approve New California CityBillionaire-Backed Developer Asks Voters to Approve New California City
The tree-lined Avenida Paseo de la Reforma in Mexico City — a city whose scale and environmental precarity have made it a rich source of urban solutions. The tree-lined Avenida Paseo de la Reforma in Mexico City — a city whose scale and environmental precarity have made it a rich source of urban solutions. 
Also Migrating From Latin America: A Wave of Urban Innovation
The tree-lined Avenida Paseo de la Reforma in Mexico City — a city whose scale and environmental precarity have made it a rich source of urban solutions. The tree-lined Avenida Paseo de la Reforma in Mexico City — a city whose scale and environmental precarity have made it a rich source of urban solutions. 
US-TRANSPORT-LIFESTYLEUS-TRANSPORT-LIFESTYLE
NYC Budget Will Consider Climate Impacts of Spending
US-TRANSPORT-LIFESTYLEUS-TRANSPORT-LIFESTYLE
American Eagle to Relocate NYC Offices to Madison Avenue TowerAmerican Eagle to Relocate NYC Offices to Madison Avenue Tower
American Eagle to Relocate NYC Offices to Madison Avenue Tower
American Eagle to Relocate NYC Offices to Madison Avenue TowerAmerican Eagle to Relocate NYC Offices to Madison Avenue Tower

Work + Life

Work ShiftEqualityBusiness of Sports
Key Speakers At The GeekWire Summit Key Speakers At The GeekWire Summit
David Ryder/Bloomberg
Amazon CEO’s Comments Violated Labor Law, NLRB Judge Rules
This Beauty Pioneer Is Taking the Next Generation Under Her Wing
Michael Jordan’s Cincoro Tequila Adds Celebrities, Markets
Michael Andretti Plans to Finally Conquer F1Michael Andretti Plans to Finally Conquer F1
Watch (24:01)
Michael Andretti Plans to Finally Conquer F1
Overturning Weinstein’s Rape Conviction Fires Up #MeToo AgainOverturning Weinstein’s Rape Conviction Fires Up #MeToo Again
Newsletter: Equality
Overturning Weinstein’s Rape Conviction Fires Up #MeToo Again

Markets Magazine

Markets Magazine_EgyptMarkets Magazine_Egypt
Hemis / Alamy
UAE’s $35 Billion Egypt Deal Marks Gulf Powers’ Buying Spree
Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
By Mirette Magdy and Michael Gunn
The Errors Tour: How the Pros Bungled the End of Zero Interest RatesThe Errors Tour: How the Pros Bungled the End of Zero Interest Rates

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The Errors Tour: How the Pros Bungled the End of Zero Interest RatesWhy NYC Apartment Buildings Are on Sale Now for 50% OffThe Most Costly Investment Mistake You Can Make Is Easy to Avoid
SurveillanceSurveillance
Surveying the World’s Path From Fossil Fuels to Clean Energy
Energy executives warn that it will be a long and costly journey, while activists and analysts say there are significant rewards and little time to waste. 
What to See and Do in Doha, the New Art Boomtown in the Gulf
Qatar’s capital is aiming to become a culture hub—and boost its global image—with a host of museums, big-name exhibitions and rich collections of contemporary and Islamic works.
The Errors Tour: How the Pros Bungled the End of Zero Interest Rates
A look at the ways forecasters, traders and executives missed the mark over the past two years. And at the lessons learned.
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