Bank of England hikes key rate to 4.25%
The Bank of England raised interest rates to 4.25% Thursday in a 7-2 vote by the Monetary Policy Committee. Lizzy Burden reports on Bloomberg Television.
Adobe launches anti-plagiarism AI tools
Adobe CEO Shantanu Narayen joins Caroline Hyde to discuss the macro environment's impact on the company, and the future of its Figma deal. Plus, more on Adobe's new artificial-intelligence tools de...
Google launches AI-chatbot to compete with ChatGPT
Google has announced the launch of its version of an AI-powered chatbot called Bard to keep pace in the rapidly expanding artificial intelligence sector. Starting Wednesday, users can join a waitli...
UBS wants dealmakers, not First Boston
UBS Group AG wants to cherry-pick top dealmakers from Credit Suisse Group AG's investment bank instead of supporting Michael Klein's plan to build out First Boston as a new independent firm, accord...
Genesis tries to electrify US buyers
Hyundai's luxury Genesis brand has a long way to go to catch up with the likes of Mercedes and BMW. Can the American-made GV70 EV help them shift to a higher gear?
Biden targets Chinese chipmakers
The Biden administration is set to unveil restrictions on new operations in China for semiconductor makers getting federal funds to build in the US, according to officials at the Commerce Departmen...
Why Elon Musk is a headache for Biden
Between Twitter, Starlink, SpaceX and Tesla, Elon Musk's clout and unilateral decision making has made him a big headache for President Joe Biden.
How Porsche remains highly profitable
Despite rising rates and recession worries, luxury-car maker Porsche expects returns at roughly last year's record level. The German company's order books are overflowing on the back of attractive ...
U.S. may extend FDIC coverage to all deposits
U.S. officials are said to be studying ways that might temporarily expand FDIC coverage to all deposits. Sridhar Natarajan has more on "Bloomberg Surveillance."
Musk's business empire is a U.S government headache
Billionaire Elon Musk has control of five companies that reach across the transportation, aerospace, health, telecommunications, and social-media sectors and intersect with governments to varying d...
Credit Suisse bankers rush to find other jobs
Headhunters have been inundated with calls from Credit Suisse bankers after UBS's takeover, a glaring sign that the banking employment market is under stress. Annabelle Droulers reports.
Janet Yellen assures U.S. banking system is sound
Treasury Secretary Janet Yellen says the US government is "resolutely committed" to mitigating financial-stability risks where necessary at the American Bankers Association conference in Washington...
Vanguard plans to complete exit from China
Vanguard Group Inc. will shutter its remaining business in China after a retreat two years ago, abandoning a $3.9 trillion fund market that global competitors are embracing. Sonali Basak reports on...
Mexico vows energy independence
U.S. climate envoy John Kerry is visiting Mexico to look at ways the region can speed up the transition to clean energy. But Mexico's desire for energy independence is slowing progress towards rene...
Report shows more Americans can't afford their bills
According to the Census Bureau's Household Pulse survey, 36 percent of consumers say they have had trouble paying their bills in just the past week. Two key reasons include inflation and the loss o...
First Republic Bank shares hit all-time low
Even though most regional bank shares rallied Monday, First Republic Bank is having trouble. Shares hit an all-time intraday low. Herman Chan of Bloomberg Intelligence explains.
Apple slashes spending, perks to avoid layoffs
Bloomberg's Mark Gurman joins Caroline Hyde and Ed Ludlow to discuss how Apple is pulling every lever it can to cut costs enough to avoid laying off full-time employees.
Buffett in contact with Biden over banking crisis
Billionaire investor Warren Buffett has been having multiple talks with senior officials in President Joe Biden's administration in recent days as the regional banking crisis unfolds, according to ...
Banking Crisis Impact on US Manufacturing
Dave Gitlin, Carrier CEO, dives into how he believes inflation can be managed and how the banking crisis impacts US manufacturing.
Details of UBS-Credit Suisse Deal
UBS Group Chairman Colm Kelleher announces details of the firm's agreement to buy Credit Suisse Group AG. The Swiss bank is paying more than $2 billion for its rival in an all-share deal priced at ...
UBS in talks to buy Credit Suisse
A merger of UBS Group AG with Credit Suisse Group AG is "plan A" for Swiss regulators seeking to shore up confidence in the nation's banking system, the Financial Times reported.
McDonalds fights single-use plastic ban
The fast food chain asks for more recycling ahead of an EU legislation that will ban single-use packaging by 2030.
First Republic Bank handed billion dollar bailout
After days of market turmoil, coordinated efforts are being made to ease fears of a global financial crisis. Major banks in the United States have pumped billions into California-based lender First...
Silicon Valley Bank Hunts for a Buyer
The effort to wind down Silicon Valley Bank was marred by an unmotivated seller, infighting between regulators and, ultimately, a failed auction.
How the FDIC Can Prop Up Struggling Banks
Former FDIC Chief Innovation Officer Sultan Meghji breaks down what the FDIC is doing behind the scenes, and explains why he believes the entire regulatory infrastructure "needs to be upgraded to t...
Rule changes shaking up NCAA March Madness
Although March Madness remains very much the same year-to-year, some elements are shaking things up, starting with the acronym NIL. "NIL stands for name, image and likeness," said Matt Brown, a pub...
Exiled Chinese billionaire charged with fraud
The U.S. government on Wednesday charged Guo Wengui, an exiled Chinese businessman with ties to former Donald Trump adviser Steve Bannon, with leading a complex conspiracy to defraud Guo's online f...
China's Baidu to launch AI chatbot 'Ernie'
Baidu Inc. will debut its ChatGPT-equivalent in a highly anticipated launch event, firing China’s first salvo in a battle with the US to dominate a potentially transformative technology.
New Saudi Airline Eyes More Planes After Mega Boeing Order
Owned by Saudi Arabia's sovereign wealth fund, Riyadh Air will buy more planes after announcing the purchase of 39 Boeing 787-9 jets, with options for 33 more.