Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek".
Giant Leap explores how startups and governments are cashing in on the commercialization of space.
Crispin Odey Removed as Partner From His Hedge Fund Firm
Barclays Warns Former Staff Over Poaching Its Employees, FT Says
Fed Is First to Reach Crucial Junction in Global Inflation Fight
SNB’s Jordan Puts Switzerland’s Neutral Interest Rate Around 2%
Ukraine Economy Contracts Less Than Expected Despite Attacks
Brad Setser on the Massive Shifts Underway in World Trade
PGA Golfers Are Now Told to Love LIV After Forgoing Its Millions
OpenAI’s CEO Calls on China to Help Shape AI Safety Guidelines
Tesla’s Record Run Drives Nearly $200 Billion Jump in Value
Nordic Capital Pursues Temenos as Other Suitors Drop
Trump’s Die-Hard Base Faces Test of Loyalty After Latest Charges
‘Farce’ of Johnson Resignation Honours Sparks Call for Reform
Why Billionaires Are Circling Debt-Laden French Grocer Casino
US Housing Market Is Missing 320,000 Affordable Homes
A Peek Inside the VIP Speakeasy Lounge at the 2023 Tony Awards
Two of Paul Newman’s Daytona Rolexes Sell for More Than $1 Million
Messi to Miami? It’s Not as Crazy as It Looks
New York’s Big Smoke Should Give Stovetop Warriors Pause
New African American English Dictionary Could Change How We Work
The Netflix Effect Chills Foreign Content Creators
Payrolls, Prices, Productivity and Profits Hold the Answer to the Puzzling US Economy
Will Argentina Ditch the Peso for the Dollar?
Sunak Urged to Publish UK Report on Abuse of LGBTQ Soldiers
Dimon Sought for Fresh Deposition in JPMorgan Epstein Suit
Canada's Wildfires Expose the Climate Change 'Spiral of Silence'
A Landlocked German Boardmaker Is Trying to Make Surfing Greener
NYC Pays Over $300 a Night for Budget Hotel Rooms for Migrants
Connecticut May Ban Collection Tactic Used in Cash-Advance Loans
Deep Drought Punishes Latin American Clean Water Pioneer
Nigeria’s SEC Says Binance Operations in Country Are ‘Illegal’
Robinhood Removes 3 Crypto Tokens Following Regulatory Crackdown
Coinbase Suit May Finally Send Crypto Debate to US Supreme Court
The time to shift to a more defensive stance is now.
Wall Street is too complacent.
U.S. financial markets seem unfazed by a sequence of negative developments on the trade front. The May 17 date set by Paul Ryan, speaker of the U.S. House of Representatives, for Congress to approve a revised North American Free Trade Agreement has passed with no resolution. The European Union, a major U.S. ally, resents the June 1 deadline President Donald Trump has set for imposing tariffs on steel and aluminum unless the EU accepts reduced export quotas.
Perhaps most important, Trump said last week that he doubts trade negotiations with China will succeed. He had demanded that China’s trade surplus with the U.S. be reduced sharply from $375 billion to $175 billion, a target that the Chinese authorities have not been willing to meet, we learned Sunday. The two sides have avoided a trade war so far, U.S. Treasury Secretary Steven Mnuchin said in a television interview Sunday, but they still seem far apart in their positions. Failure of talks could still prompt China to impose countervailing duties on U.S. agricultural exports, and limit the activities of companies such as Apple and Google that have major operations in that country.