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Mastodon Skip to content Skip to content Bloomberg the Company & Its ProductsThe Company & its ProductsBloomberg Terminal Demo RequestBloomberg Anywhere Remote LoginBloomberg Anywhere LoginBloomberg Customer SupportCustomer Support Think Bigger:See how we drive impact, create opportunities and power decisions Europe Edition * UK * Europe * US * Asia * Middle East * Africa * 日本 Sign In Subscribe * Live Now * * Markets Markets * Deals * Odd Lots * The FIX | Fixed Income * ETFs * FX * Factor Investing * Alternative Investing * Economic Calendar * Markets Magazine SCREENTIME Crooked Media Staffers Are Latest Podcasters to Join a Union DEALS General Atlantic Weighs $2 Billion Sale of OneOncology MARKET DATA * Stocks * Commodities * Rates & Bonds * Currencies * Futures * Sectors View More Markets * Economics Economics * Indicators * Central Banks * Jobs * Trade * Tax & Spend * Inflation & Prices ECONOMICS Americans’ Economic Outlook Is Mostly Negative in Gallup Poll TAX & SPEND Russia Racks Up $25 Billion Budget Gap as Energy Income Halves JOBS Yellen Touts US Jobs Gain in Playing Down Recession Danger View More Economics * Industries Industries * Consumer * Energy * Entertainment * Finance * Health * Legal * Real Estate * Telecom * Transportation SPORTS Move Over Crypto, Booze Ads Are Flooding the Super Bowl GREEN Australian Firm Recharge Top Bidder for Bankrupt Britishvolt FEATURED * Business of Sports View More Industries * Technology Technology * Code Wars * Checkout * Prognosis TECHNOLOGY Pakistan Unblocks Wikipedia as PM Overturns Regulator’s Order TECHNOLOGY OpenAI Is Drawing Competition From Fleet of Startups TECHNOLOGY S4 Chairman and WPP Founder Sorrell Recovering From Surgery View More Technology * Politics Politics * US * UK * Americas * Europe * Asia * Middle East POLITICS Target, Nestle Join $950 Million Pledge to Kamala Harris Migration Plan POLITICS NYC’s State Sales-Tax Receipts Rise Over 20% as Workers Return FEATURED * Next China View More Politics * Wealth Wealth * Investing * Living * Opinion & Advice * Savings & Retirement * Taxes * Reinvention WEALTH MIT Alum Builds $800 Million Fortune Making Scanners to Fix Teeth MARKETS MAGAZINE He Turned Wall Street Offices Into Homes. Now He Vows to Remake New York FEATURED * How to Invest View More Wealth * Pursuits Pursuits * Travel * Autos * Homes * Living * Culture * Style SPORTS Move Over Crypto, Booze Ads Are Flooding the Super Bowl CAR REVIEW The 2023 Corvette Z06 Is an Absolute Beast, But Hardly a Bargain FEATURED * Screentime * New York Property Prices * Where to Go in 2022 View More Pursuits * Opinion Opinion * Business * Finance * Economics * Markets * Politics & Policy * Technology & Ideas * Editorials * Letters LIAM DENNING China’s ‘Climate’ Balloon Risks Arctic Peace CHRIS HUGHES The Rothschilds Are So Done With the Markets THE EDITORS To End the Nurse Shortage, Start With Nursing Schools View More Opinion * Businessweek Businessweek * The Bloomberg 50 * Best B-Schools * Small Business Survival Guide * 50 Companies to Watch * Good Business * Subscribe to the Magazine WORK That Zoom Meeting Really Could Have Been a Simple Phone Call REMARKS When Financial Bubbles Are Hard to Pop B SCHOOLS ChatGPT Gets an MBA View More Businessweek * Equality Equality * Corporate Leadership * Capital * Society * Solutions EQUALITY Hong Kong’s Top Court Rules for Transgender Activists in ID Case EQUALITY Female Gains on S&P 500 Boards Are Slowing FEATURED * In Trust Podcast View More Equality * Green Green * New Energy * ESG Investing * Weather & Science * Electric Vehicles * Climate Politics * Greener Living * Cleaner Tech ESG BlackRock US ESG Flows Fall on Tech Rout, Anti-Green Backlash GREEN Comcast Plans First-Ever Green Bond Sale to Fund Climate Goals FEATURED * Data Dash * Hyperdrive View More Green * CityLab CityLab * Design * Culture * Transportation * Economy * Environment * Housing * Justice * Government * Technology TRANSPORTATION US Traffic Safety Push Delivers $800 Million for Street Fixes ENVIRONMENT Baseball Fans Join Activists to Save 1,000 Trees in Heart of Tokyo DESIGN After a Preservation Battle, Buffalo Architect Scores a Win View More CityLab * Crypto Crypto * Decentralized Finance * NFTs * Regulation * Technology CRYPTO Time to Upgrade the Ethereum Blockchain (Again) (Podcast) CRYPTO This Week in Crypto: Bitcoin’s Bounce, Celsius Latest (Podcast) CRYPTO What’s Next for Galaxy Digital CEO Mike Novogratz? (Podcast) View More Crypto * More -------------------------------------------------------------------------------- S&P 500 4,111.09 -0.61% Nasdaq 11,908.53 -0.82% Crude Oil 73.64 +0.34% US 10 Yr 3.64 -0.92% Euro 1.07 -0.71% Dow Jones 33,811.13 -0.34% Russell 2000 1,961.05 -1.23% Gold 1,878.00 +0.07% Silver 22.17 -0.82% Nikkei 225 27,693.65 +0.67% Hang Seng 21,222.16 -2.02% FTSE 100 7,836.71 -0.82% DAX 15,345.91 -0.84% Pound/Dollar 1.20 -0.35% Dollar/Yen 132.88 +1.29% Bitcoin 23,000.93 +0.43% Ethereum 1,644.85 +1.39% BackForward article Politics Twin Earthquakes Kill Almost 2,000 in Turkey and Syria updated 2 hours ago Politics Turkey’s South Hit by a Second High-Magnitude Earthquake Politics Turkey Declines Musk’s Offer to Send Starlink After Deadly Quake Politics In Pictures: Major Earthquake Collapses Buildings in Turkey, Syria LATEST Technology S4 Chairman and WPP Founder Sorrell Recovering From Surgery Thomas Seal updated 16m ago ESG BlackRock US ESG Flows Fall on Tech Rout, Anti-Green Backlash Silla Brush updated 23m ago Technology Pakistan Unblocks Wikipedia as PM Overturns Regulator’s Order Kamran Haider 26m ago Screentime Crooked Media Staffers Are Latest Podcasters to Join a Union Ashley Carman updated 31m ago Progressive politics network employees sign on with Writers Guild of America, East Deals General Atlantic Weighs $2 Billion Sale of OneOncology Gillian Tan 47m ago MOST READ Unable to load stories at this time. Retry Tax & Spend Tax & Spend Russia Records $25 Billion Budget Gap as Oil Export Price Cap Hits Income an hour ago Ukraine Latest: Kyiv’s Military Shake-Up Paused as Attack Looms Ukraine Defense Chief’s Removal on Hold Amid Security Risks Latvia Probes Citizenship of Russian Tycoon Aven Under New Law Markets STOCKS STRUGGLE TO SUSTAIN BIGGER REBOUND FROM LOW: MARKETS WRAP Follow the latest developments in global markets. updated an hour ago Technology DELL TO CUT ABOUT 6,650 JOBS, BATTERED BY PLUNGING PC SALES The reductions amount to about 5% of Dell’s global workforce. updated 3 hours ago Inflation & Prices TRICKY ECB JOB APPARENT IN EURO-AREA DISINFLATION DRIVERS The outsize role of supply factors puts the ECB in a more complicated situation. Politics CHINA BALLOON SAGA SPOTLIGHTS BEIJING’S GLOBAL SURVEILLANCE PUSH The balloon saga highlights the escalating intelligence battle between the US and China. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration 0:00 Loaded: 0% Progress: 0% Stream Type LIVE Remaining Time -0:00 Playback Rate 1x Chapters * Chapters Captions * captions settings, opens captions settings dialog * captions off, selected Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaque Font Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall Caps Reset restore all settings to the default valuesDone Close Modal Dialog End of dialog window. Play Again Live Live on Bloomberg TV Bloomberg Balance of Power Wealth THE WORLD’S RICHEST PERSON IS TRYING TO HEAD OFF A SUCCESSION BATTLE Markets BARCELONA, MADRID PROPEL SPANISH RENTAL RATES TO RECORD HIGH OPINION Chris Hughes THE ROTHSCHILDS ARE SO DONE WITH THE MARKETS The family is taking its storied boutique bank private. Minority shareholders are on the spot. John Authers WHATEVER KEYNES SAID, LET’S FOLLOW HIS ADVICE If you’re not rethinking the economic outlook, you should be after the new facts in the US employment report. Meanwhile, Japan hints at continunity. Therese Raphael and Elaine He BRITAIN NEEDS SOME LEVELING UP IN ITS MILITARY Worries mount over the UK army falling behind the navy as Putin’s land war rages. Merryn Somerset Webb THE FUTURE LOOKS MESSY FOR PASSIVE INVESTORS The winners of tomorrow are not the winners of yesterday. So why hold a fund that mostly tracks the latter? Martin Ivens TORIES ARE UNDERMINING THEIR OWN SUCCESS ON SCHOOL REFORM A wave of teacher strikes threatens one of their few real policy achievements. Do Conservatives have the heart to turn things around? Matthew Brooker SORRY, HOMEOWNERS SHOULDN’T GET ALL THE TAX PERKS It’s surprising there hasn’t been more political pressure to give the renter class a fairer deal. More from Opinion OPINION Chris Hughes THE ROTHSCHILDS ARE SO DONE WITH THE MARKETS The family is taking its storied boutique bank private. Minority shareholders are on the spot. John Authers WHATEVER KEYNES SAID, LET’S FOLLOW HIS ADVICE If you’re not rethinking the economic outlook, you should be after the new facts in the US employment report. Meanwhile, Japan hints at continunity. Therese Raphael and Elaine He BRITAIN NEEDS SOME LEVELING UP IN ITS MILITARY Worries mount over the UK army falling behind the navy as Putin’s land war rages. Merryn Somerset Webb THE FUTURE LOOKS MESSY FOR PASSIVE INVESTORS The winners of tomorrow are not the winners of yesterday. So why hold a fund that mostly tracks the latter? Martin Ivens TORIES ARE UNDERMINING THEIR OWN SUCCESS ON SCHOOL REFORM A wave of teacher strikes threatens one of their few real policy achievements. Do Conservatives have the heart to turn things around? Matthew Brooker SORRY, HOMEOWNERS SHOULDN’T GET ALL THE TAX PERKS It’s surprising there hasn’t been more political pressure to give the renter class a fairer deal. More from Opinion Corporate distress, bankruptcies and turnaround stories Get The Brink newsletter, delivered Tuesdays and Fridays Sign Up Bloomberg may send me offers and promotions. By submitting my information, I agree to the Privacy Policy and Terms of Service Markets A HOUSING CRASH TAKES DOWN THE KRONA AND SOUNDS INFLATION ALARM updated 3 hours ago Business EUROPE BANNED RUSSIAN DIESEL. THE MARKET SEEMS LITTLE CONCERNED updated 3 hours ago Pursuits HISTORIC SWISS HOTEL SHUTTERED BY PANDEMIC BOUGHT BY DUBAI GROUP WAR IN UKRAINE Politics RUSSIA’S LAVROV IN AFRICA YET AGAIN TO EASE DIPLOMATIC ISOLATION updated 4 hours ago Markets RUSSIA SENDS MORE OIL BY SEA, BUT KREMLIN’S WAR CHEST PRESSURED Politics & Policy WHAT DOES AN ENDGAME LOOK LIKE IN UKRAINE? Politics & Policy HERE’S HOW FINLAND, SWEDEN AND NATO SHOULD DEAL WITH ERDOGAN More coverage STORIES FOR YOU WORK SHIFT Work Shift FROM CAREER CUSHIONING TO RAGE APPLYING, A GUIDE TO BUSINESS BUZZWORDS Technology & Skills CALIFORNIA’S NEW GOLD RUSH: BIG TECH MOVES TO GAIN THE EDGE IN AI Work Shift JAPAN TRADING HOUSE SAYS WORKERS CAN BE YOUTUBERS TO TOP UP $100,000 SALARIES Hyperdrive BOEING CEO SEES SELF-FLYING TECH COMING TO COMMERCIAL AIRCRAFT More from Work Shift CRYPTO Technology CRYPTO EXCHANGE OKX LAYING OFF SOME STAFF AT DUBLIN UNIT Technology EX-SOFI BOSS CUTS FUNDING TARGETS FOR BLOCKCHAIN STARTUP; MULLS SPIN OFFS Sports MOVE OVER CRYPTO, BOOZE ADS ARE FLOODING THE SUPER BOWL Crypto TIME TO UPGRADE THE ETHEREUM BLOCKCHAIN (AGAIN) (PODCAST) More from Crypto EQUALITY Transportation US TRAFFIC SAFETY PUSH DELIVERS $800 MILLION FOR STREET FIXES updated 3 hours ago Business RAISES FOR RETAIL WORKERS WON'T PROTECT THEM FROM AUTOMATION Equality HONG KONG’S TOP COURT RULES FOR TRANSGENDER ACTIVISTS IN ID CASE Markets WHY WALL STREET SHOULD LIKE LATIN AMERICA’S LEFT More from Equality Business as you've never seen. 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Play Again Unmute LIVE NOW MADE Series focused on the designers, artists, and craftspeople behind some of the world's most impressive bespoke creations Start Watching And streaming on your TV: * * * * * Brexit is Costing the UK £100 Billion a Year in Lost Output Getting Warmer Episode 1: The Plastic Predicament Cycling in the Metaverse A Billionaire’s Son Takes On WWE BLOOMBERG WEALTH Wealth MIT ALUM BUILDS $800 MILLION FORTUNE MAKING SCANNERS TO FIX TEETH updated 8 minutes ago Markets Magazine HE TURNED WALL STREET OFFICES INTO HOMES. 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