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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 Bloomberg Webinars: Access a broad range of analysis, research, insight & ideas. * S&P 500 4001.05 +0.25% * Nasdaq 11737.67 +0.98% * Crude Oil 101.63 +1.87% * US 10 Yr 2.98 +0.10% * Euro 1.05 +0.08% * Dow Jones 32160.74 -0.26% * Russel 2000 1761.79 -0.02% * Gold 1836.90 -0.22% * Silver 21.46 +0.93% * Nikkei 225 26249.83 +0.32% * Hang Seng 19869.39 +1.20% * FTSE 100 7243.22 +0.37% * DAX 13534.74 +1.15% * Pound/Dollar 1.23 +0.19% * Dollar/Yen 130.38 -0.05% * Bitcoin 31400.37 +1.29% * Ethereum 2367.28 +1.73% BackForward BLOOMBERG U.S. Edition * U.S. * Europe * Asia * Middle East * Africa * 日本 Sign In Sign Out Subscribe * Live Now BLOOMBERG TV+ BLOOMBERG TECHNOLOGY The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco. BLOOMBERG RADIO BTV SIMULCAST Simulcast of Bloomberg Television Listen -------------------------------------------------------------------------------- QUICKTAKE AFRICA+: CHINESE DEBT TRAP IN AFRICA Over the past two decades, China has built large infrastructure projects in almost every country in Africa, making Western powers uncomfortable amid wider concerns about Beijing’s investments across the continent. However, a deeper look shows that accusations of so-called debt trap diplomacy turn out to be unfounded. ALSO STREAMING ON YOUR TV: * * Markets Markets * Economics * Deals * Odd Lots * The FIX | Fixed Income * ETFs * FX * Factor Investing * Alternative Investing * Economic Calendar * Markets Magazine MARKETS China’s Rains Promise Ample Hydropower in a New Blow to Coal MARKETS Chinese Stocks Climb as Falling Covid Cases Boost Sentiment MARKET DATA * Stocks * Commodities * Rates & Bonds * Currencies * Futures * Sectors FOLLOW BLOOMBERG MARKETS View More Markets * Technology Technology * Work Shifting * Code Wars * Checkout * Prognosis TECHNOLOGY Car-Sharing Startup Getaround Nears InterPrivate SPAC Merger TECHNOLOGY Sony Struggles to Make Enough PlayStations as Supply Disrupted TECHNOLOGY Musk-Twitter Deal Spread at Widest as Traders Doubt Takeover FOLLOW BLOOMBERG TECHNOLOGY View More Technology * Politics Politics * US * UK * Americas * Europe * Asia * Middle East POLITICS Trump-Backed Mooney Defeats Fellow House Republican in Primary POLITICS IMF Committed; Army Ordered to Shoot: Sri Lanka Latest FEATURED * Next China FOLLOW BLOOMBERG POLITICS View More Politics * Wealth Wealth * Investing * Living * Opinion & Advice * Savings & Retirement * Taxes * Reinvention INVESTING Don’t Bother Paying Off Student Loan Debt Right Now, Advisers Say INVESTING BlackRock’s Star Trader Goes Net Short as Hedge Fund Loss Mounts FEATURED * How to Invest FOLLOW BLOOMBERG WEALTH View More Wealth * Pursuits Pursuits * Travel * Autos * Homes * Living * Culture * Style PURSUITS Nike Escalates Feud with StockX, Says Site is Selling Fake Shoes PURSUITS Richmond Seeks to Move Last City-owned Confederate Monument FEATURED * Screentime * New York Property Prices * Where to Go in 2022 FOLLOW BLOOMBERG PURSUITS View More Pursuits * Opinion Opinion * Business * Finance * Economics * Markets * Politics & Policy * Technology & Ideas * Editorials * Letters TIM CULPAN Made-in-China PC Rule Won’t Advance Nation’s Tech Prowess ANDY MUKHERJEE Does Your Country Really Need Digital Cash? JESSICA KARL Your 401K Is Bad. How Bad? You Don’t Need to Know FOLLOW BLOOMBERG OPINION 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 ECONOMICS Don’t Expect Chinese Stimulus to Save the Global Economy NEW ECONOMY Mexico’s Hottest Resort Towns Struggle With Covid Travel Boom ECONOMICS Inflation Is So Bad Democrats Want Biden to ‘Do More’ for Midterms FOLLOW BLOOMBERG BUSINESSWEEK View More Businessweek * Equality Equality * Corporate Leadership * Capital * Society * Solutions EQUALITY Tokyo to Recognize Same-Sex Partnerships From November EQUALITY Major League Baseball Settles Wage Suit by Minors’ Players EQUALITY Lufthansa Apologizes for Blocking Orthodox Jews From Flight FOLLOW BLOOMBERG EQUALITY View More Equality * Green Green * Science & Energy * Climate Adaptation * Finance * Politics * Culture & Design GREEN Europe Drafts $205 Billion Plan to Wean Itself Off Russian Fuels CLIMATE ADAPTATION California’s Water Use Soars Despite Pleas for Conservation FEATURED * Data Dash * Hyperdrive FOLLOW BLOOMBERG GREEN View More Green * CityLab CityLab * Design * Culture * Transportation * Economy * Environment * Housing * Justice * Government * Technology JUSTICE A Monument to the Enslaved ‘Mothers of Gynecology’ Rises in Montgomery CULTURE The Fight to Feed the Ukrainian Resistance CITYLAB Goodbye, Blue House: A New Center of Political Power Is Rising in Seoul FOLLOW BLOOMBERG CITYLAB View More CityLab * Crypto Crypto * Decentralized Finance * NFTs * Regulation * Technology CRYPTO SEC’s Gensler Says Crypto Exchanges Trading Against Clients CRYPTO Blue-Chip NFT Collections Hit Harder Than Bitcoin in Crypto Rout CRYPTO Yellen Cites UST Breakdown While Calling for Stablecoin Rules FOLLOW BLOOMBERG CRYPTO View More Crypto * More -------------------------------------------------------------------------------- article Politics US House Approves $40 Billion Ukraine Aid Bill, Sends to Senate The bill is significantly larger than the $33 billion aid package Biden requested last month. updated an hour ago Green Europe Drafts $205 Billion Plan to Wean Itself Off Russian Fuels Politics Russia Trains Missiles on Ukraine’s Quiet Zone to Target Trade Politics Ukraine Latest: US House Approves $40 Billion Aid Package updated 44 minutes ago LATEST Equality Tokyo to Recognize Same-Sex Partnerships From November Ryotaro Nakamaru updated 28m ago Markets China’s Rains Promise Ample Hydropower in a New Blow to Coal Bloomberg News 48m ago Markets Chinese Stocks Climb as Falling Covid Cases Boost Sentiment Bloomberg News updated 23m ago Markets Goldman Says Yen Shows Significant Value as a Recession Hedge Chikako Mogi updated 2h ago Markets Sunac Deadline Eyed, Fed Flags Housing Risk: Evergrande Update Nisha Gopalan updated 2h ago MOST READ Unable to load stories at this time. Retry article Markets Wall Street Is Trying Desperately to Catch Up With Stock Rout Stocks, U.S. Futures Up as China Covid Cases Ease: Markets Wrap Coinbase Sinks After Warning the Slide in Volume to Worsen EA Revenue Forecast Misses Estimates Following Battlefield Flop Economics COOK CONFIRMED AS FIRST BLACK WOMAN ON FEDERAL RESERVE BOARD The 51-50 vote required a tie-breaking appearance by Vice President Harris. Deals APOLLO PLANS TO LEAD $1 BILLION FINANCING FOR MUSK’S TWITTER BID Apollo Global Management is in talks to lead a preferred financing for the proposed buyout. Crypto SEC’S GENSLER SAYS CRYPTO EXCHANGES TRADING AGAINST CLIENTS “In fact, they’re trading against their customers often." updated an hour ago Investing BLACKROCK’S STAR TRADER GOES NET SHORT AS HEDGE FUND LOSS MOUNTS Alister Hibbert has run his fund with a tilt toward growth stocks. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration 0:00 Loaded: 0% 0:00 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 Technology Business CHINA RISKS 1.6 MILLION DEATHS IN VIRUS ‘TSUNAMI’ IF COVID ZERO IS ABANDONED: STUDY updated 3 hours ago Pursuits NIKE ESCALATES FEUD WITH STOCKX, SAYS SITE IS SELLING FAKE SHOES OPINION Gearoid Reidy ‘INVEST IN KISHIDA’? JAPAN NEEDS TO PERSUADE ELON MUSK FIRST How can Japan’s prime minister attract investors to a country that the world’s richest man says will one day ‘cease to exist’? Andy Mukherjee DOES YOUR COUNTRY REALLY NEED DIGITAL CASH? Everyone’s jumping on the bandwagon. But it all depends if your economy is more like Poland’s or Peru’s. Tim Culpan MADE-IN-CHINA PC RULE WON’T ADVANCE NATION’S TECH PROWESS Requiring government computers to be sourced locally probably will boost domestic sales, but it won’t do much to spur development of advanced technologies. Lisa Jarvis PFIZER’S BIOHAVEN DEAL MAY OPEN AN ERA OF SMARTER PHARMA ACQUISITIONS The drug giant’s purchase comes as good news for investors desperate for biotech M&A. It’s also a sensible addition to Pfizer’s portfolio. Lionel Laurent BITCOIN’S ‘FIRE OF TRUTH’ GETS SOAKED BY A BUCKET OF WATER The cryptocurrency is a poor substitute for cash in an inflationary environment. More from opinion LATEST Equality Tokyo to Recognize Same-Sex Partnerships From November Ryotaro Nakamaru updated 28m ago Markets China’s Rains Promise Ample Hydropower in a New Blow to Coal Bloomberg News 48m ago Markets Chinese Stocks Climb as Falling Covid Cases Boost Sentiment Bloomberg News updated 23m ago Markets Goldman Says Yen Shows Significant Value as a Recession Hedge Chikako Mogi updated 2h ago Markets Sunac Deadline Eyed, Fed Flags Housing Risk: Evergrande Update Nisha Gopalan updated 2h ago MOST READ Unable to load stories at this time. Retry OPINION Gearoid Reidy ‘INVEST IN KISHIDA’? JAPAN NEEDS TO PERSUADE ELON MUSK FIRST How can Japan’s prime minister attract investors to a country that the world’s richest man says will one day ‘cease to exist’? Andy Mukherjee DOES YOUR COUNTRY REALLY NEED DIGITAL CASH? Everyone’s jumping on the bandwagon. But it all depends if your economy is more like Poland’s or Peru’s. Tim Culpan MADE-IN-CHINA PC RULE WON’T ADVANCE NATION’S TECH PROWESS Requiring government computers to be sourced locally probably will boost domestic sales, but it won’t do much to spur development of advanced technologies. Lisa Jarvis PFIZER’S BIOHAVEN DEAL MAY OPEN AN ERA OF SMARTER PHARMA ACQUISITIONS The drug giant’s purchase comes as good news for investors desperate for biotech M&A. It’s also a sensible addition to Pfizer’s portfolio. Lionel Laurent BITCOIN’S ‘FIRE OF TRUTH’ GETS SOAKED BY A BUCKET OF WATER The cryptocurrency is a poor substitute for cash in an inflationary environment. More from opinion One story you'll want to talk about. Get The Big Take newsletter in your inbox daily. Sign Up Investing DON’T BOTHER PAYING OFF STUDENT LOAN DEBT RIGHT NOW, ADVISERS SAY Politics DISNEY’S COPYRIGHT PROTECTIONS ARE LATEST TARGET OF REPUBLICANS Screentime LOUD ADS ON STREAMING SERVICES TARGETED BY US LAWMAKERS WAR IN UKRAINE Politics DRAGHI URGES BIDEN TO FOSTER LONG-TERM PEACE PLAN FOR UKRAINE updated 4 hours ago Politics TAIWAN’S ARMY LEARNING LESSONS FROM UKRAINE WAR, US GENERAL SAYS Politics EUROPE PLANS TO BOOST UKRAINE’S FOOD EXPORTS USING LAND ROUTES Politics & Policy OPINION: EUROPE’S BAN ON RUSSIAN OIL HAS TO BE REALISTIC More coverage STORIES FOR YOU CRYPTO Technology BITCOIN HOLDS REBOUND AS CRYPTO WORLD AWAITS STABLECOIN RESCUE updated an hour ago Crypto BLUE-CHIP NFT COLLECTIONS HIT HARDER THAN BITCOIN IN CRYPTO ROUT Markets YOUR 401K IS BAD. HOW BAD? YOU DON’T NEED TO KNOW Technology MICROSTRATEGY OPTIONS HEDGE RISK OF 96% DROP AFTER BITCOIN ROUT More from Crypto Terms of Service Do Not Sell My Info (California) Trademarks Privacy Policy ©2022 Bloomberg L.P. All Rights Reserved Careers Made in NYC Advertise Ad Choices Help