Trial begins in Sam Bankman-Fried's FTX fraud case
A jury has been selected for the largest fraud trial in American history. FTX founder Sam Bankman-Fried faces up to 20 years in prison if convicted.
Who could be the next U.S House speaker?
The race is now on to replace former House Speaker Kevin McCarthy who lost his leadership post after hardliners in his own party revolted. Republicans have to decide who to turn to next to try and manage their slim and unruly majority an...
Explained: The case against Sam Bankman-Fried
Former FTX Co-Founder Sam Bankman-Fried is charged with seven counts of fraud and money laundering, a case that has been going on for nearly a year.
Tesla misses third quarter delivery expectations
Tesla shipped 435,059 cars globally in the third quarter, as factory downtime led to its first delivery decline in more than a year. The results, posted Monday, missed expectations, causing the stock to dip 2%.
Economic impact of a prolonged UAW strike
If the United Auto Workers strike proves to be prolonged, the economic impact could be felt well beyond the motor-vehicle industry according to Bloomberg Economics. It found that each UAW striker could cost five other people their jobs.
House Speaker McCarthy may be ousted over shutdown
The U.S. is on track for government shutdown on Oct. 1. House Speaker Kevin McCarthy says he'll put a stopgap funding measure up for a vote today, but it's not clear he has the votes.
Microsoft tried to sell Bing to Apple in 2020
Microsoft Corp. discussed selling its Bing search engine to Apple Inc. around 2020, a deal that would have replaced Google as the default option on the iPhone maker's devices, according to people with knowledge of the matter. The Justice...
UAW now aims for 30% pay raise
The United Auto Workers union wants to emerge from its strike against Detroit's three major automakers with at least a 30% pay raise, according to people familiar with the matter.
U.S government shutdown looking likely
A deal that would avert a U.S. government shutdown this weekend is looking less likely. Republican House Speaker Kevin McCarthy wants to use a shutdown to secure more concessions. He says border security is a top concern.
U.S. DOJ steps up probe into Credit Suisse and UBS
The U.S. Department of Justice has stepped up its probe into Credit Suisse Group and UBS Group AG over suspected compliance failures that allowed Russian clients to evade sanctions, according to people familiar with the situation.
FTC files antitrust case against Amazon
The US Federal Trade Commission sued Amazon.com Inc. in a long-anticipated antitrust case, accusing the e-commerce giant of monopolizing online marketplace services by degrading quality for shoppers and overcharging sellers. Amazon says ...
JPMorgan settles lawsuit over Jeffrey Epstein ties
JPMorgan Chase & Co. reached settlements with former executive Jes Staley and the US Virgin Islands over ties to Jeffrey Epstein, as it seeks to end its legal woes over its banking relationship to the deceased pedophile.
Airbus beats Boeing in Air France deal
Air France-KLM said the decision to go with Airbus for its widebody fleet renewal came down to a complex choice around aircraft range, pricing and slot availability and the European planemaker's willingness to be more aggressive to edge ...
Mercedes, BMW stand to lose most in China EV battle
The European Union's probe into Beijing's electric-vehicle subsidies may leave Germany's luxury automakers facing the most potential exposure to tit-for-tat tariffs.
Sunak losing would be best for UK, investors say
A Labour-led government after the next UK election would be the best result for stocks and the pound, according to a new Bloomberg survey that shows the ruling Conservatives have failed to win back the faith of global investors a year af...
Weed-killing drones may be the future of farming
Combating weeds in a sustainable way is more urgent than ever, with the changing global climate seeing them competing with crops for nutrients. Now, startups are trying a new approach, including an AI-enabled crop-spraying drone that red...
U.S. jobless claims fall to eight month low
Initial unemployment claims in regular state programs fell to 201,000 in the week ending September 16, the lowest level since January. Michael McKee has the details on Bloomberg Television.
UK inflation unexpectedly falls to 18 month low
Britain's inflation rate fell unexpectedly to the lowest level in 18 months, easing pressure for further interest-rate increases from the Bank of England. Lizzy Burden reports on Bloomberg Television.
Electric vehicles boost European car sales by 21%
Auto sales climbed for the 13th consecutive month in Europe, with electric vehicles driving growth before becoming the latest focal point of global trade tensions. Oliver Crook reports on Bloomberg Television.
Instacart shares surge 43% on IPO
Online grocery delivery business Instacart jumped as much as 43% in its trading debut, adding momentum to a rebound for initial public offerings. Shares opened for trading at $42 each after selling for $30 at the top of the range. Bloomb...
UAW strikes may expand if no 'serious progress' by Friday
The United Auto Workers said it will expand its strikes at the legacy Detroit automakers at noon on Friday if "serious progress" isn't made in negotiations.
Public confidence in Bank of England hits new low
A Bank of England survey of household attitudes finds that UK public confidence in the central bank has plunged to a record low amid the cost-of-living crisis and soaring interest rates. The survey finds only 19% are satisfied with the B...
UAW members continue strike against GM, Ford, Stellantis
Auto workers in the U.S. continue to strike against General Motors Co., Ford Motor Co. and Stellantis NV as their union pushes for a dramatic reset of the wage scales and working conditions.
Byron Allen makes $10B bid for ABC, other Disney networks
Media mogul Byron Allen has submitted a $10 billion offer to Walt Disney Co. to acquire its ABC TV network, as well as several other stations, according to people familiar with the matter.
China cites security problems with iPhone
Chinese officials pointed to "security incidents" with iPhones in the government's first comments on the topic following reports that authorities are looking to restrict the use of Apple Inc. products in sensitive departments and state-o...
London room rent over £1,000 a month
The average rent for a single room in London has surpassed £1,000 ($1,246) a month for the first time, rising 15% from a year ago, according to data compiled by SpareRoom.
Analysis: AI has some serious racial profiling issues
Generative AI doesn't just reflect existing stereotypes, it may well exacerbate them. Analysis by Bloomberg News of thousands of AI-generated images produced concerning results, Leonardo Nicoletti reports.
Ford raises pay ahead of strike deadline
Ford Motor Company gave nearly 8,000 workers represented by the United Auto Workers (UAW) a raise, as the union threatens to walk out on the big three automakers. The fast-tracked pay raises were negotiated by Ford and UAW in 2019 and co...
China seeks to ban iPhones from government agencies
China plans to broaden a ban on the use of iPhones in sensitive departments to state companies and government-backed agencies. Tom Mackenzie reports on Bloomberg Television.