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Biden Says He ‘Hopes’ Otherwise 47m ago Politics Biden Will Visit Florida Saturday to Survey Idalia’s Aftermath updated 1h ago Green Canada to Reveal Plan for Emissions Cap on Oil and Gas This Fall 1h ago Commodities Oil Demand in US Topped Pre-Covid Levels in May and June 1h ago Technology ICE Deal for Black Knight to Proceed As FTC Drops Challenge updated 19m ago MOST SHARED Business UBS Flags Cost Cuts After $29 Billion Credit Suisse Windfall Markets Russians Are the Top Home Buyers From Dubai’s Biggest Developer Sparklines The Biggest Fossil Fuel Subsidies Are Indirect, and Bigger Than Ever Implicit subsidies for fossil fuels — the underpriced costs of their environmental effects — come to 5% of global GDP yet are difficult to rein in. Technology Musk Says X Will Offer Video and Audio Calls in Move Toward Super-App Business Fallout From Europe’s Biggest Tax Scandal Is Only Getting Larger Investigators have named more than 1,800 suspects and raided over a dozen international banks in a probe that could drag on for years Transportation Fake Spare Parts Were Supplied to Fix Top-Selling Jet Engine updated 26 minutes ago Boeing Readies 737 Max Deliveries to China After 4-Year Halt Air China Plans to Take Delivery of 737 Max Jets in Boeing Boost Boeing Finds New 737 Max Defect, Threatening Delivery Target Technology Intel Rallies on CEO Gelsinger’s Optimistic Comments The stock rallied as much as 3%, reversing earlier losses. 44 minutes ago Finance UBS Targets Lost Credit Suisse Assets After Posting Record Bank Profit CEO Ermotti seeks to focus the combined bank on wealth management. 2 hours ago Markets Bridgewater’s Karniol-Tambour Sees Fed Taking Longer to Cut Rates Strong consumer spending is a fresh concern for policymakers. 3 hours ago Markets Stocks Churn as Traders Gear Up for Jobs Report: Markets Wrap The Fed’s preferred inflation gauges rose modestly and spending jumped. updated 38 minutes ago Technology Every AI Startup Wants a Piece of Anguilla — for Its Web Domain By Rachel Metz LIVE Video Player is loading. 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Play Again Live on Bloomberg TV Bloomberg Markets The Close Politics MCCONNELL HAD LIGHTHEADEDNESS, CLEARED TO WORK AFTER FREEZING 42 minutes ago Equality NJ TRANSIT WORKERS VOTE TO STRIKE, BUT WALK-OFF RISK LIKELY MONTHS AWAY updated 3 minutes ago BLOOMBERG Brooke Sutherland Private-Jet Market Heads for a Smooth Landing While the pandemic-era demand for business planes is moderating, the industry is settling into a comfortable trajectory. Matt Levine Sculptor Gets Another Offer Also private equity recruiting, Gabon’s blue bonds and Ben & Jerry’s securities fraud. Paul J. Davies UBS’s Biggest Win? Escaping Credit Suisse’s Stigma CEO Sergio Ermotti turns the rescue of its Swiss rival into a record profit. Jonathan Bernstein GOP Threats to Punish Trump Prosecutors Are Misguided Presidents — and presidential candidates — are subject to the rule of law like all citizens. Karl W. Smith Credit Card Debt at $1 Trillion Is a Sign of Consumer Strength Americans tend to borrow when they are feeling good about their jobs and personal finances, not when they are feeling strapped. More from opinion LATEST Politics Xi Might Skip G-20 Summit. Biden Says He ‘Hopes’ Otherwise 47m ago Politics Biden Will Visit Florida Saturday to Survey Idalia’s Aftermath updated 1h ago Green Canada to Reveal Plan for Emissions Cap on Oil and Gas This Fall 1h ago Commodities Oil Demand in US Topped Pre-Covid Levels in May and June 1h ago Technology ICE Deal for Black Knight to Proceed As FTC Drops Challenge updated 19m ago MOST SHARED Business UBS Flags Cost Cuts After $29 Billion Credit Suisse Windfall Markets Russians Are the Top Home Buyers From Dubai’s Biggest Developer Sparklines The Biggest Fossil Fuel Subsidies Are Indirect, and Bigger Than Ever Implicit subsidies for fossil fuels — the underpriced costs of their environmental effects — come to 5% of global GDP yet are difficult to rein in. Technology Musk Says X Will Offer Video and Audio Calls in Move Toward Super-App Business Fallout From Europe’s Biggest Tax Scandal Is Only Getting Larger Investigators have named more than 1,800 suspects and raided over a dozen international banks in a probe that could drag on for years BLOOMBERG Brooke Sutherland Private-Jet Market Heads for a Smooth Landing While the pandemic-era demand for business planes is moderating, the industry is settling into a comfortable trajectory. Matt Levine Sculptor Gets Another Offer Also private equity recruiting, Gabon’s blue bonds and Ben & Jerry’s securities fraud. Paul J. Davies UBS’s Biggest Win? Escaping Credit Suisse’s Stigma CEO Sergio Ermotti turns the rescue of its Swiss rival into a record profit. Jonathan Bernstein GOP Threats to Punish Trump Prosecutors Are Misguided Presidents — and presidential candidates — are subject to the rule of law like all citizens. Karl W. Smith Credit Card Debt at $1 Trillion Is a Sign of Consumer Strength Americans tend to borrow when they are feeling good about their jobs and personal finances, not when they are feeling strapped. More from opinion Get the Washington Edition newsletter Find out how the worlds of money and politics intersect in the US capital. Delivered weekday afternoons. Sign Up Bloomberg may send me offers and promotions. By submitting my information, I agree to the Privacy Policy and Terms of Service. The Big Take Shell Silently Abandoned Its $100 Million-a-Year Plan to Offset CO2 Emissions Trade One Ship in Panama Canal Paid $2.4 Million to Skip the Line updated 33 minutes ago Wellness A Single Dose of Magic Mushroom Psychedelic Can Ease Major Depression, Study Finds Terms of Service Manage Cookies Trademarks Privacy Policy ©2023 Bloomberg L.P. All Rights Reserved Careers Made in NYC Advertise Ad Choices Help