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BIDEN ET AL Climate Change and Poverty Are Our Era’s Existential Battles JESSICA KARL Is Your Employer Building Your Dreamhouse? Beware MIHIR SHARMA US and India Need to Deal With Their Trust Issues 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 TECHNOLOGY Final Fantasy XVI Shows Off Square Enix’s Skill at Reinvention FEATURE How Many People Does It Take for the Government to Send a Text? REMARKS Americans Are Eating Out More as the Covid Home Cooking Boom Fades View More Businessweek * Equality Equality * Corporate Leadership * Capital * Society * Solutions EQUALITY Apple Illegally Interrogated Staff About Union, Judge Rules EQUALITY New Zealand Seeks More Skilled Immigrants Amid Record Inflow FEATURED * In Trust Podcast View More Equality * Green Green * New Energy * ESG Investing * Weather & Science * Climate Politics * Greener Living * Cleaner Tech GREEN China Extends Tax Breaks for New Energy Vehicles Until 2027 GREEN Biden Biodiesel Quotas Deal Blow to Plant-Based Fuel Makers FEATURED * Data Dash * Hyperdrive View More Green * CityLab CityLab * Design * Culture * Transportation * Economy * Environment * Housing * Justice * Government * Technology CITYLAB NYC Sets Fines for Extra Forks, Ketchup and Soy Sauce Packets in Takeout Orders CULTURE A Push to Save North America’s Chinatowns GOVERNMENT A Red Sea City Becomes a Haven for Refugees From Sudan’s Civil War View More CityLab * Crypto Crypto * Decentralized Finance * NFTs * Regulation * Technology CRYPTO Bitcoin Hits a Six-Week High as Financial Titans Step Up Crypto Initiatives CRYPTO Binance.US Market Share Drops to 1.5% in Wake of SEC Crackdown CRYPTO BlackRock’s Surprising Bitcoin ETF Filing Helps Repair Grayscale GBTC Discount View More Crypto * More -------------------------------------------------------------------------------- S&P 500 4,388.71 -0.47% Nasdaq 13,667.29 -0.16% Crude Oil 70.50 -1.78% US 10 Yr 3.74 -0.16% Euro 1.09 -0.04% Dow Jones 34,053.87 -0.71% Russell 2000 1,866.70 -0.47% Gold 1,948.20 +0.03% Silver 23.14 +0.05% Nikkei 225 33,523.53 +0.40% Hang Seng 19,206.46 -2.04% FTSE 100 7,569.31 -0.25% DAX 16,111.32 -0.55% Pound/Dollar 1.28 -0.06% Dollar/Yen 141.63 +0.11% Bitcoin 28,690.15 +1.85% Ethereum 1,807.66 +1.27% BackForward LATEST Markets China State Media, Government Advisers Call for Economic Support 17m ago Politics Scott Tries to Distinguish Himself From GOP Rivals in Town Hall updated 23m ago Politics New Zealand Government Loses Third Minister Ahead of Election updated 1h ago Green China Extends Tax Breaks for New Energy Vehicles Until 2027 updated 12m ago Politics Winning EV Battery Race Is 21st Century Moonshot, Lawmakers Say 1h ago Politics Pentagon Says a $6 Billion Accounting Error Allows More Arms for Ukraine EU Seeks Estimated €19 Billion for Interest Payments Australia Pressured to Use Russia War Windfall to Help Ukraine UK to Guarantee $3 Billion of Loans to Aid Ukraine’s Recovery Politics Biden Says Xi Was Unaware of Wayward Balloon, Wants Relationship "He wants to have a relationship again.” updated 2 hours ago Economics Irish Economic Growth to Pick Up Pace Despite Sticky Inflation Ireland’s economy is expected to grow more strongly than previously forecast. Politics Macron and Meloni Make Up in Paris to Seek End to Tensions They sought to move past months of tensions. Deals Italy’s Eni Nears $5 Billion Deal for Neptune Energy The Italian energy group seeks to expand its natural gas business. LIVE Video Player is loading. Play Video Pause Unmute Current Time 0:22 / Duration -:-:- Loaded: 0% 0:00:22 Progress: 0% Stream Type LIVE Remaining Time --:-:- 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 on Bloomberg TV Bloomberg Markets Asia Transportation TITANIC EXPLORER SAYS TWO LIKELY DISASTER CAUSES ARE SURVIVABLE. ONE IS NOT The Big Take AN AGGRESSIVE SUPREME COURT RESHAPES THE US AS ITS STANDING ERODES BLOOMBERG Joseph R. Biden et al Climate Change and Poverty Are Our Era’s Existential Battles It’s time to marshal finance and policy globally to promote economic growth and equality — and to save the planet. Jessica Karl Is Your Employer Building Your Dreamhouse? Beware Housing starts have unexpectedly surged, but that doesn’t mean it’s a good time to shop for a home. Mihir Sharma US and India Need to Deal With Their Trust Issues Focusing exclusively on shared interests rather than shared values will limit the potential of a crucial relationship. Hal Brands US-China Talks Look More Like a Trap for Biden Blinken’s meeting with Xi produced nothing of substance, which may be the best result for the White House going ahead. Matt Levine Debt Costs More When Rates Go Up Also Two Sigma feuding, MiFID II modifications, crypto exchange internal market makers and “only insider trade while drunk.” More from Opinion BLOOMBERG Joseph R. Biden et al Climate Change and Poverty Are Our Era’s Existential Battles It’s time to marshal finance and policy globally to promote economic growth and equality — and to save the planet. Jessica Karl Is Your Employer Building Your Dreamhouse? Beware Housing starts have unexpectedly surged, but that doesn’t mean it’s a good time to shop for a home. Mihir Sharma US and India Need to Deal With Their Trust Issues Focusing exclusively on shared interests rather than shared values will limit the potential of a crucial relationship. Hal Brands US-China Talks Look More Like a Trap for Biden Blinken’s meeting with Xi produced nothing of substance, which may be the best result for the White House going ahead. Matt Levine Debt Costs More When Rates Go Up Also Two Sigma feuding, MiFID II modifications, crypto exchange internal market makers and “only insider trade while drunk.” More from Opinion Get the Paris Edition newsletter What's happening in France's finance industry, delivered weekly Sign Up Bloomberg may send me offers and promotions. By submitting my information, I agree to the Privacy Policy and Terms of Service. Food & Drinks The Best Restaurant in the World Is Central in Lima Culture Step Inside London’s Reimagined National Portrait Gallery Business Italy and F1 Jewel Pirelli Draw the Blueprint for How to Pivot From China WAR IN UKRAINE Politics Australians’ Views on China Improve as Ties Thaw, Poll Shows updated 4 hours ago Politics Germany to Place Rheinmetall Ammunition Order Worth $130 Million Markets Russian Oil Flows Edge Lower But Evidence of Cuts Remains Scant Economics German Population Sees Biggest Jump in 30 Years on Ukraine War More coverage STORIES FOR YOU Technology Deutsche Bank Applies for Digital Asset License Amid Growth Push The Big Take Hedging Failure Exposes Private Equity to Interest-Rate Surge Green German Weather Service Declares First Heat Warning of the Season Business Thai Firm Cites Russian War in Ukraine to Exit €560 Million Deal Technology World-Record Breaker, Business Leaders Missing on Titanic Tour Trade Cancer Warnings on Beer, Wine in Ireland Spark Industry Alarm ARTIFICIAL INTELLIGENCE AI HPE Looks to Gain From Generative AI Interest With Cloud Service AI AI Leader Proposes a New Kind of Turing Test for Chatbots AI States Are Rushing to Regulate Deepfakes as AI Goes Mainstream Read more AI coverage WORK SHIFT Work Shift Work Shift: Can’t Get No (Job) Satisfaction Work in Progress Working From Home Becomes a Once-a-Week Perk for Some Office Goers Modern Management Workers Resisting the Office Grind Are Suddenly Lonely at Home Work Shift Biggest Losers of AI Boom Are Knowledge Workers, McKinsey Says More from Work Shift CRYPTO QuickTake Everything You Need to Know About Ethereum’s ‘Shanghai’ Upgrade Markets WisdomTree Files to Start a US Spot Bitcoin ETF on the Heels of BlackRock’s Application 4 hours ago Technology Former FTX US President Taps Power of Artificial Intelligence in New Company Technology Meet Alibaba’s Next Chairman: Joseph Tsai, Brooklyn Nets Owner and Blockchain Investor More from Crypto EQUALITY Joseph R. Biden et al Climate Change and Poverty Are Our Era’s Existential Battles 29 minutes ago Politics Sunak Faces Cabinet Row Over Post-Brexit EU Borders Deal Culture A Push to Save North America’s Chinatowns Equality Estonia Becomes First Ex-Soviet State to Legalize Gay Marriage More from Equality Business as you've never seen. UP NEXT * On Now Storylines * 04:00 AM Jannik Sinner, Lindsey Vonn and the Quest for Excellence * 04:30 AM Idea Generation: Paul Rodriguez Jr. * 05:10 AM Idea Generation: Just Blaze 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 Unmute Live Now STORYLINES Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. This documentary-style series follows investigative journalists as they uncover the truth. Start Watching And streaming on your TV: * * * * * * * UK Mortgage Rates Surge Again How to Build a Brand New Sport The High-Tech Bank Scam and How to Avoid It Why Americans Are Leaving Portugal BLOOMBERG WEALTH Investing Where to Invest $1 Million: Mobius Sees ‘Real Future’ in India Wealth These Are World’s Most Expensive Cities for High-Class Living Taxes Geneva Voters Turn Down Wealth Tax Increase for Richest 1% Wealth Musk Says Biden’s Call for More Taxes on Rich Won’t See ‘Action’ More on Wealth CITYLAB CityLab NYC Sets Fines for Extra Forks, Ketchup and Soy Sauce Packets in Takeout Orders Culture A Push to Save North America’s Chinatowns Government A Red Sea City Becomes a Haven for Refugees From Sudan’s Civil War Transportation Mumbai Finds an Underground Solution to Its Above-Ground Chaos BLOOMBERG GREEN Green Biden Biodiesel Quotas Deal Blow to Plant-Based Fuel Makers 3 hours ago Green BHP Warns Carbon Emissions to Rise on Bumpy Net Zero Path updated an hour ago Green Dutch Firms Partner With Namibia to Create Green-Hydrogen Sovereign Wealth Fund Green US Boosts Biodiesel Quotas Only Modestly Despite Lobbying Frenzy Green Wind Power Seen Growing Ninefold as Canada Cuts Carbon Emissions More from Green April 14, 2023 November 8, 2022 March 29, 2022 October 29, 2021 April 19, 2021 December 15, 2020 September 14, 2020 June 9, 2020 BLOOMBERG BUSINESSWEEK Technology Final Fantasy XVI Shows Off Square Enix’s Skill at Reinvention The company has kept its marquee franchise relevant by giving developers unusual leverage to change its formula. Don’t worry, there are still chocobos. Feature How Many People Does It Take for the Government to Send a Text? Remarks Americans Are Eating Out More as the Covid Home Cooking Boom Fades Remarks Private Credit’s Quiet, Unstoppable Rise Comes With Unknown Risk Aviation Airlines Are Rankled About Pratt & Whitney’s Jet Engine Problems More from Businessweek LATEST ISSUES June 19, 2023 June 9, 2023 May 29, 2023 May 22, 2023 May 15, 2023 POLITICS Politics New Zealand Government Loses Third Minister Ahead of Election updated an hour ago Politics Cuba Reaffirms Alliance With Russia With Deals on Oil, Wheat and Flights Politics Retired NYPD Sergeant, Two Others Convicted of Acting as Agents of China Politics EU’s Vestager Is Candidate to Run European Investment Bank More Politics coverage SCREENTIME Screentime ‘Dahmer’ Producer Ryan Murphy Plans to Leave Netflix for Disney Screentime Utah Jazz Is Latest Sports Team to Dump Cable TV Screentime Spotify Plans New Premium Tier, Expected to Include HiFi Audio Screentime ‘The Flash’ Races to $55 Million on a Busy Box Office Weekend More From Screentime > EUROPEAN BUSINESS Markets Oil Swings With China’s Demand Outlook and Fed Remarks in Focus updated 38 minutes ago Markets WisdomTree Files to Start a US Spot Bitcoin ETF on the Heels of BlackRock’s Application 4 hours ago Health Cheap Wegovy Knock-Offs Hawked by Med Spas Draw Novo Legal Action Markets Germany Secures a Deal to Get Kazakh Oil for Crude-Starved Refinery Markets Polish Coal Asset Spin-Off Would Lure Investors, Amundi Says Markets Swedish Krona Slumps to Record Low as End of Rate Hikes Nears Business Airbus Wants to Expand the A220 to a Bigger Model : Paris Update Markets Oil Falls Near $75 as Risk-Off Mood Outweighs China Stimulus TECHNOLOGY Technology SoftBank Returns to Offense in Investments as AI Plays Beckon updated an hour ago Technology Paytm Leads $6 Billion Stock Rally as India Startups Seek Redemption 2 hours ago Green Plunging Solar Stocks Fly in the Face of Booming Panel Demand MARKETS Markets China State Media, Government Advisers Call for Economic Support 17 minutes ago Markets China to Be World’s Top Wheat Buyer With Australia Key Supplier an hour ago Markets Yuan Drops to Key 7.2 Level on Slow Stimulus, PBOC’s Greenlight updated 58 minutes ago Markets Buffett’s Favorite Japan Trading Firms Overheat on Stock Charts 3 hours ago Markets WisdomTree Files to Start a US Spot Bitcoin ETF on the Heels of BlackRock’s Application 4 hours ago Markets Oil Swings With China’s Demand Outlook and Fed Remarks in Focus updated 38 minutes ago Markets China Junk Bull Investor Sees Oversold Opportunities in GLP, Wanda updated an hour ago Markets Argentina Starts Filling Gas Pipeline Estimated to Save Billions More Markets coverage LISTEN TO THE TRAILER PURSUITS Screentime ‘Dahmer’ Producer Ryan Murphy Plans to Leave Netflix for Disney Pursuits Lionel Messi Is Expected to Make His Inter Miami Debut July 21 Style How to Work the ‘Quiet Luxury’ Trend Into Your Office Attire More from Pursuits QUICKTAKE QuickTake How Nigeria's New Leader is Trying to Turn the Economy Around QuickTake What Sanctions on Russia Have and Haven’t Achieved QuickTake How Clop-MOVEit Hack Shows Evolution in Cyberattacks QuickTake Why South Korea-Japan Ties Are Plagued by History CURRENCY MARKETS Markets Yuan Drops to Key 7.2 Level on Slow Stimulus, PBOC’s Greenlight updated 58 minutes ago Markets China Junk Bull Investor Sees Oversold Opportunities in GLP, Wanda updated an hour ago Technology Airtel Africa Applauds Nigeria’s Steps to Free Up Foreign Exchange Market Central Banks Zimbabwe’s Central Bank Rules Out Further Interest-Rate Hikes More on the FX Center THE FIX Markets China State Media, Government Advisers Call for Economic Support 17 minutes ago Markets Yuan Drops to Key 7.2 Level on Slow Stimulus, PBOC’s Greenlight updated 58 minutes ago Markets Oil Swings With China’s Demand Outlook and Fed Remarks in Focus updated 38 minutes ago Markets China Junk Bull Investor Sees Oversold Opportunities in GLP, Wanda updated an hour ago More on Fixed Income HYPERDRIVE Hyperdrive Rivian Adopts Tesla’s EV Charging Standard, Joining Ford and GM Hyperdrive Musk Says Tesla Considering India Investment After Modi Meeting updated an hour ago Hyperdrive There’s No Such Thing as Too Many Electric-Car Chargers in China Hyperdrive Australia Cautious on Chinese Investment in Vital Lithium Sector More from Hyperdrive PROGNOSIS Markets Goldman Said to Cut Oncoclinicas Stake in $187 Million Offering Health Indian Drugmaker Defends Syrups Sold in Liberia, Reuters Reports Health Adderall Alternative Vyvanse Is in Low Supply as ADHD Drug Shortages Spread Health Cheap Wegovy Knock-Offs Hawked by Med Spas Draw Novo Legal Action More from Prognosis Terms of Service Manage Cookies Trademarks Privacy Policy ©2023 Bloomberg L.P. 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