The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day.
The 1998 World Cup was supposed to be Ronaldo’s crowning glory, but an unexplained seizure shattered Brazil's dreams, and his. Four years later, he returned to the world's biggest stage looking for redemption.
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JetBlue, American Offer to Rework Alliance After Legal Setback
OpenAI’s CEO Calls on China to Help Shape AI Safety Guidelines
Tesla’s Record Run Drives Nearly $200 Billion Jump in Value
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Ukraine Recap: Missiles Fly After Putin Derides Counteroffensive
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Craig Torres and
The Federal Reserve unleashed two emergency lending programs on Tuesday to help keep credit flowing to the U.S. economy amid strain in financial markets that it blamed on the coronavirus pandemic.
The central bank is using emergency authorities to establish a Commercial Paper Funding Facility with the approval of the Treasury secretary, according to a Fed statement on Tuesday. The Treasury will provide $10 billion of credit protection from its Exchange Stabilization Fund. Later in the day it announced a Primary Dealer Credit Facility, also with backing from Treasury.