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ALSO STREAMING ON YOUR TV: * * Markets Markets * Deals * Odd Lots * The FIX | Fixed Income * ETFs * FX * Factor Investing * Alternative Investing * Economic Calendar * Markets Magazine * UK Markets Today MARKETS China Stocks in Hong Kong Drop During Growing Economic Strains MARKETS Oil’s Hottest Trade Gathers Momentum as Key Spread Goes Negative MARKET DATA * Stocks * Commodities * Rates & Bonds * Currencies * Futures * Sectors View More Markets * Economics Economics * Indicators * Central Banks * Jobs * Trade * Tax & Spend * Inflation & Prices ECONOMICS China’s Trade Plunges More Than Forecast in Blow to Recovery ECONOMICS Australian Business Conditions Hold Up as Consumer Mood Dims JOBS Japan Wage Growth Slows, Backing BOJ Ultra-Easy Policy Case View More Economics * Industries Industries * Consumer * Energy * Entertainment * Finance * Health * Legal * Real Estate * Telecom * Transportation ECONOMICS US Consumer Credit Rises, Driven by Surge in Non-Revolving Debt MARKETS Oil’s Hottest Trade Gathers Momentum as Key Spread Goes Negative FEATURED * Business of Sports View More Industries * Tech Tech * AI * Big Tech * Cybersecurity * Startups TECHNOLOGY Superconductor Breakthrough Sample May Be Available in ‘Weeks’ TECHNOLOGY MrBeast Is Getting Sued for $100 Million by Burger Delivery Partner TECHNOLOGY Germany Expects TSMC to Approve Dresden Chip Plant Tuesday View More Tech * AI AI * Stocks to Watch * Startups & Investing * Ethics, Law & Policy * Jobs & Economy TECHNOLOGY Palantir Raises Profit Forecast, Sets $1 Billion Buyback MARKETS If Nvidia Is a Proxy for the AI Bubble, It’s Nearing Its Peak, Morgan Stanley Says TECHNOLOGY Palantir’s 135% AI Surge Set for Earnings Showdown View More AI * Politics Politics * US * UK * Americas * Europe * Asia * Middle East POLITICS Hong Kong Government to Appeal Failed Bid to Ban Protest Song POLITICS Japan Declines to Confirm Report on Major Chinese Cyberattack FEATURED * Next China View More Politics * Wealth Wealth * Investing * Living * Opinion & Advice * Savings & Retirement * Taxes * Reinvention WEALTH Hamptons Partygoers Cast a Worried Eye on New York’s Future WEALTH Vietnam’s Richest Man Poised to Briefly Triple Fortune on EV Bet FEATURED * How to Invest View More Wealth * Pursuits Pursuits * Travel * Autos * Homes * Living * Culture * Style SPORTS Blavatnik’s Streaming Company Is Close to Deal for Saudi Pro League TV Rights ART One of the World’s Oldest Auction Houses Gets Into E-Commerce 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 JESSICA KARL Trying to Time the Tripledemic Is a Bad Idea DANIEL MOSS Scandals in Squeaky Clean Singapore? 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CRYPTO Crypto Exchange Bitstamp In Talks to Raise Funds for Expansion, CEO Says CRYPTO Coinbase to Buy Back Junk Bonds as Bitcoin Hovers Near 2023 High View More Crypto * More -------------------------------------------------------------------------------- We've updated the dispute procedures in our Terms of Service (“Terms”). By continuing to use the site, you accept and agree to these updated Terms. S&P 500 4,518.44 +0.90% Nasdaq 13,994.40 +0.61% Crude Oil 82.10 +0.20% US 10 Yr 4.06 +0.27% Euro 1.10 -0.16% Dow Jones 35,473.13 +1.16% Russell 2000 1,958.94 +0.08% Gold 1,969.10 -0.05% Silver 23.15 +0.08% Nikkei 225 32,345.26 +0.28% Hang Seng 19,279.72 -1.32% FTSE 100 7,554.49 -0.13% DAX 15,950.76 -0.01% Pound/Dollar 1.28 -0.23% Dollar/Yen 143.32 +0.58% Bitcoin 29,172.97 +0.05% Ethereum 1,828.25 +0.16% BackForward LATEST Business YouTubers Flip New Samsung Foldable to Destruction in Mesmerizing Livestream updated 12m ago Markets China Stocks in Hong Kong Drop During Growing Economic Strains updated 27m ago Technology Superconductor Breakthrough Sample May Be Available in ‘Weeks’ updated 42m ago Technology Carlyle, GIC Skip Ant’s Buyback After Valuation Slumps 70% 1h ago Politics Hong Kong Government to Appeal Failed Bid to Ban Protest Song updated 1h ago Markets Ukraine’s Drone Attack Yet to Jolt Insurance for Black Sea Ships Ukraine Recap: Russia Hits an Apartment Building, Then Rescuers Most Ukraine Policymakers See Rate Cut to as Low as 18% in 2023 Ukraine Black Sea Drone Attacks Signal Rapidly Expanding War Politics Italy Surprises Markets With New Tax on ‘Extra’ Profits of Banks It was tucked into a huge package of measures ranging from foreign investment to taxis. Markets Oil’s Hottest Trade Gathers Momentum as Key Spread Goes Negative The differential between swaps for London’s Brent and Dubai crude has turned deeply negative. an hour ago Business UBS Retains 12 Credit Suisse Bankers to Help Lead Americas Unit UBS seeks to capitalize on its former rival’s US presence to expand. Politics UK Lawmakers Criticize HSBC After Executive’s China Remarks HSBC criticized by British lawmakers over remarks about China. 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 The Big Take ARGENTINA’S NEXT PRESIDENT IS ON A COLLISION COURSE WITH HYPERINFLATION Technology APPLE TESTS M3 MAX CHIP, SETTING STAGE FOR MOST POWERFUL MACBOOK PRO YET BLOOMBERG Matthew Brooker Britain's Posh Private Schools Move Further Out of Reach A ticket to the elite has never been so expensive. Paul J. Davies Rogue Traders or Lawsuits Can Hit Banks Like Bad Debts New rules are going to make firms account for operational risks and have a slug of capital to absorb them Martin Ivens Rishi Sunak Isn't Playing Nice Conservative Anymore The UK prime minister hasn’t gone full Trump, but he’s moved beyond trying to win admiration as a safe technocrat. David Fickling Echoes of Australia’s Gas Ban Will Ring Across Four Continents Once touted as a ‘transition fuel,’ it’s proving a habit as hard to kick as coal and oil. Tobin Harshaw Democracy Can Overcome Inequality, Wokeism and China’s Rise The second of a two-part conversation with "End of History?" author Francis Fukuyama looks at neoliberalism's threat to democracy. Adam Minter Sports Betting Is Great for Women Athletes More people tune into games when they have money riding on it. That viewership can turn into lucrative deals for players. More from Opinion BLOOMBERG Matthew Brooker Britain's Posh Private Schools Move Further Out of Reach A ticket to the elite has never been so expensive. Paul J. Davies Rogue Traders or Lawsuits Can Hit Banks Like Bad Debts New rules are going to make firms account for operational risks and have a slug of capital to absorb them Martin Ivens Rishi Sunak Isn't Playing Nice Conservative Anymore The UK prime minister hasn’t gone full Trump, but he’s moved beyond trying to win admiration as a safe technocrat. David Fickling Echoes of Australia’s Gas Ban Will Ring Across Four Continents Once touted as a ‘transition fuel,’ it’s proving a habit as hard to kick as coal and oil. Tobin Harshaw Democracy Can Overcome Inequality, Wokeism and China’s Rise The second of a two-part conversation with "End of History?" author Francis Fukuyama looks at neoliberalism's threat to democracy. Adam Minter Sports Betting Is Great for Women Athletes More people tune into games when they have money riding on it. That viewership can turn into lucrative deals for players. 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. Politics Bankers Forced to Study Xi’s Thoughts as Communist Party Tightens Grip 4 hours ago Markets Magazine The Global South Breaks Away From the US-Led World Order updated 4 hours ago Markets Netanyahu Struggles to Woo Investors Shaken by Turmoil in Israel WAR IN UKRAINE Markets Wheat Climbs as Attack Poses Risk for Key Russian Export Route Politics Ukraine Recap: Saudi Talks End With Little Action; New Attacks Politics Ukraine Courts Global South as War in Black Sea Flares Politics Ukraine Attacks Russian Oil Tanker, Says Black Sea Ports at Risk More coverage STORIES FOR YOU Business Daimler Truck Says CFO Jochen Goetz Dies in ‘Tragic Incident’ Economics The Euro-Zone Economy Is Set for a Painful Reckoning Real Estate Property Loans Are So Unappealing That Banks Want to Dump Them Business Europe’s Business Travel Rebound Slips Away From Airlines’ Grip Politics Netanyahu Seeks to Change How Judges Are Named, Then Stop Revamp Green US Lab Behind Fusion Breakthrough Reaches Ignition Again ARTIFICIAL INTELLIGENCE The Big Take In Hollywood, Writers and Actors Fear AI Will Replace Them: Big Take Podcast Technology Palantir’s 135% AI Surge Set for Earnings Showdown AI AI Boom Fuels 487% Stock Surge for South Korean Family Read more AI coverage WORK SHIFT Working Assumptions Burnout Is Back in a Big Way — Here’s Why Work Shift Even Zoom Is Calling Employees Back to the Office Work Shift Japan Public Workers May Get Biggest Salary Gains in 26 Years Modern Management Fully Remote New Hires Show 18% Drop in Productivity, Study Says More from Work Shift CRYPTO QuickTake Everything You Need to Know About Ethereum’s ‘Shanghai’ Upgrade QuickTake What Are Stablecoins and Why Are Regulators Wary? an hour ago Crypto Cathie Wood Says SEC Will Approve Multiple Bitcoin ETFs at Once Markets Former SoftBank Executive Paulo Passoni Joins Valor Capital More from Crypto EQUALITY Equality Foreign Pressure Is Leading to More Women on Japan’s Boards Ruth Pollard When TV Crime Mirrors Daily Life in Modi’s India Health Black Adults, Women Are Less Likely to Get Life-Saving Opioid Treatments in US Equality Sahel Deaths Are Surging, Contradicting Juntas’ Security Claims More from Equality Business as you've never seen. UP NEXT * On Now Business Of Sports * 04:00 AM Idea Generation * 04:50 AM Idea Generation: Gabrielle Union * 05:35 AM Idea Generation: Tay Keith 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 BUSINESS OF SPORTS If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. Start Watching And streaming on your TV: * * * * * * * The Mysterious Murder of a Billionaire Canadian Couple Alex Morgan Leading The Charge To Grow Women’s Soccer China's Great Slowdown Extreme Heat Threatens Europe's Travel Industry BLOOMBERG WEALTH Wealth Hamptons Partygoers Cast a Worried Eye on New York’s Future Wealth Vietnam’s Richest Man Poised to Briefly Triple Fortune on EV Bet Investing Family Office to Tech Billionaires Dials Back What It Says on Ethics Investing KKR Beats Estimates Despite 23% Earnings Drop Amid Deal Rut More on Wealth CITYLAB CityLab New York Is Opening a Relief Center for 2,000 Migrants on Randall’s Island Transportation All Aboard the ‘Crime Train’ Narrative Perspective How College Students Can Help Save Public Transit CityLab Giveaway by Influencer in NYC’s Union Square Sparks Chaos BLOOMBERG GREEN Green New Zealand Works With BlackRock in Pursuit of 100% Green Power 4 hours ago Green Australia Needs to Boost Sustainable Financing for Net Zero Goal Green S&P Sees Long-Term Rating Risk to California as Home Insurers Retreat QuickTake The Nuclear Fusion Energy Breakthrough, Explained Weather & Science Eastern US Prepares for a ‘Potent’ Storm System: Weather Watch 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 Finance A Digital Dollar Is for Banks and Governments, But Not You Using blockchain-like technology could speed up and simplify transactions among giant institutions. Small Business The Pandemic Small-Business Boom Is Fueling the US Economy Business The Health-Care Staffing Crisis Is Bad and Getting Worse Finance Private Credit Funds Move From Mergers to Timeshares and Car Loans Remarks With AI Booming, Gary Gensler Wants to Keep Finance Safe for Humans More from Businessweek LATEST ISSUES August 7, 2023 July 31, 2023 July 24, 2023 July 23, 2023 July 3, 2023 POLITICS Politics Graffiti Battle Erupts on London Street Over Chinese Politics updated 12 minutes ago Politics Hong Kong Government to Appeal Failed Bid to Ban Protest Song updated an hour ago Politics Japan Declines to Confirm Report on Major Chinese Cyberattack an hour ago Politics BRICS Expansion Isn’t Aimed at Countering the West, South African Official Says More Politics coverage SCREENTIME Screentime Marvel Studios’ Visual Effects Workers File for Union Election Screentime ‘Barbie’ Crosses $1 Billion in Global Ticket Sales, Warner Bros. Says Screentime Second Life’s 20th Birthday Reminds World The Metaverse Can Work Screentime Hollywood Writers, Studios Fail to Restart New Contract Talks More From Screentime > EUROPEAN BUSINESS Markets Oil Steadies Ahead of US Figures on Outlook, Crude Stockpiles updated an hour ago Markets Stocks Snap Back After Four-Day Slide; Bonds Fall: Markets Wrap Bonds Pemex Bond Investors Are Tiring of AMLO’s Temporary Fixes Markets Oil Falls as Black Sea Risk Dismissed Until Supply Halts Arrive Markets Wheat Climbs as Attack Poses Risk for Key Russian Export Route Business Adobe’s $20 Billion Figma Takeover Hit by In-Depth EU Probe Markets Greece and Its Banks Are Step Closer to Wider Investor Pool Markets France Is Europe’s Top Power Exporter as Germany Turns Importer TECHNOLOGY Technology Superconductor Breakthrough Sample May Be Available in ‘Weeks’ updated 42 minutes ago Technology Carlyle, GIC Skip Ant’s Buyback After Valuation Slumps 70% an hour ago Screentime Marvel Studios’ Visual Effects Workers File for Union Election MARKETS Markets China Stocks in Hong Kong Drop During Growing Economic Strains updated 27 minutes ago QuickTake What Are Stablecoins and Why Are Regulators Wary? an hour ago Markets Japan Competition Watchdog Probes Insurers Over Price Fixing updated 2 hours ago Markets Oil Steadies Ahead of US Figures on Outlook, Crude Stockpiles updated an hour ago More Markets coverage LISTEN TO THE TRAILER PURSUITS Art One of the World’s Oldest Auction Houses Gets Into E-Commerce Pursuits England Reaches Women’s World Cup Quarter-Finals After Victory Over Nigeria Food & Drinks Being a Private Chef in Greenwich Means Catering $100,000 Cannabis Parties More from Pursuits QUICKTAKE QuickTake What Are Stablecoins and Why Are Regulators Wary? an hour ago QuickTake What Defines Insider Trading and When Is It Illegal? QuickTake The Corruption Probe Rocking Altice, Billionaire Drahi’s Telecoms Empire QuickTake Why Bigger ‘Capital Cushions’ Have Banks On Edge CURRENCY MARKETS Economics China’s Trade Plunges More Than Forecast in Blow to Recovery updated 10 minutes ago QuickTake What Are Stablecoins and Why Are Regulators Wary? an hour ago Markets Japan Stocks Slipping in MSCI Indexes as Weak Yen Offsets Rally Currencies Thailand Pushes Yuan, Ringgit Use to Curb Baht Volatility updated an hour ago More on the FX Center THE FIX Deals Jefferies Leads $1 Billion Loan for KKR’s Simon & Schuster Deal Markets Lazard Sees Further Gains for Japan Banks as BOJ Tweaks updated 19 minutes ago Markets Yellow’s Last-Gasp Loan From Apollo Carries a 17% Interest Rate Markets Rakuten Bank Sees Edge Over Rivals Once BOJ Ends Negative Interest Rates More on Fixed Income HYPERDRIVE Hyperdrive Lucid Pledges to Reach Output Target Amid Sales Challenges Hyperdrive Tesla Replaces CFO as Kirkhorn Ends 13 Years at the EV Maker Hyperdrive Chinese Maker of 1,000 Kilometer EV Battery Plans IPO by 2025 Hyperdrive Maruti Says It Aims to Double Car-Production Capacity by 2031 More from Hyperdrive PROGNOSIS Jessica Karl Trying to Time the Tripledemic Is a Bad Idea Technology Elon Musk's Neuralink Raises $280 Million to Develop Brain Implants Health Biotech Firm Pops 677% on Social Anxiety Spray Trial Success Health WHO Warns About Tainted Indian-Made Cold Medicine That’s Sold in Iraq More from Prognosis Terms of Service Manage Cookies Trademarks Privacy Policy ©2023 Bloomberg L.P. 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