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Philadelphia reaches pact to end garbage strike

Philadelphia and municipal employees have hammered out an accord, ending a sanitation workers' strike which caused trash to pile up around the city. Bloomberg's Danielle Moran reports.

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ADP: U.S. labor market is in stasis

Nela Richardson, ADP chief economist and a Bloomberg contributor, reacts to the latest jobless claims numbers, saying the U.S. labor market is very concentrated and only hiring a very specific type of person.

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The FDA's push for 'radical transparency'

FDA Commissioner Martin Makary says the agency will begin publishing drug rejection letters long kept confidential to help developers better understand what he calls the FDA's "black box."

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Why 20% tariffs could be 'problematic' for markets

JPMorgan Private Bank's Grace Peters says if tariffs move out of that range and reach 20% or 25% effective rates, it would "prove more problematic." Peters speaks on Bloomberg Television.

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Yaccarino steps down as CEO of Elon Musk's X

Linda Yaccarino is stepping down as CEO of X after two years leading Elon Musk's social media company. Yaccarino's departure comes one day after the company's Grok chatbot began pushing antisemitic tropes in responses to users.

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Crypto ventures add $620M to Trump's fortune

Crypto ventures have added hundreds of millions to President Trump's fortune in the span of months and today we learned that Trump media has filed for its third crypto ETF.

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Why CEOs should stop 'outsourcing' politics

Bloomberg Opinion's Gautam Mukunda explains why CEOs should stop "outsourcing" politics. Mukunda's opinions are his own.

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Decoding the Middle East's late-stage venture capital gap

The Middle East's venture capital ecosystem faces a paradox: despite deep pools of capital, startups struggle to secure the funding needed to scale. Bloomberg's Laura Gardner Cuesta discusses the implications with Joumanna Bercetche on H...

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First Chinese-built aircraft carrier docks in Hong Kong

China's first domestically-built aircraft carrier has docked in Hong Kong, as part of a drive to drum up patriotism in the city. The Shandong will be open to the public this weekend, in what the city's Chief Executive, John Lee, calls an...

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One year of Starmer as UK PM: Where does Labour stand?

It is one year since Keir Starmer won the UK election with his Labour party. Upon coming to power, the new prime minister promised "national renewal" and committed to a series of economic targets. Bloomberg Opinion Columnist Rosa Prince ...

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Tracking Fourth of July travel trends

In New York City, airfare is actually one of the most expensive increases over last year. So domestic tourism is up, Brian Kelly Points Guys Founder joins "The Close".

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Why the Trump tax bill could "enormously" hit low income

The Trump tax bill could "enormously" hit low income. Here's why.

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Santander agrees to buy Sabadell's UK unit TSB

Banco Santander SA agreed to buy Banco Sabadell SA's UK unit for £2.65 billion ($3.64 billion) in an all-cash transaction.

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U.S. auto sales lose steam amid price pressure

U.S. auto sales are losing momentum after a springtime surge fueled by shoppers racing to buy cars before President Donald Trump's auto tariffs drove up prices.

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EU prepared to accept U.S. universal tariff, seeks key exemptions

The European Union is willing to accept a trade arrangement with the U.S. that includes a 10% universal tariff on many of its exports, but wants the U.S. to commit to lower rates on key sectors.

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Bessent expects flurry of trade deals as pressure increases

U.S. Treasury Secretary Scott Bessent discusses the July 9 deadline for trade deals and the potential to "spring back to the April 2 levels" on tariffs for countries that can't get a deal across the line.

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Dubai property more affordable than London, New York

Dubai real estate is nearly four times cheaper than London's blended average of $1,400 per square foot, Clementine Munro, sales director at haus & haus, tells Lizzy Burden on Bloomberg's Horizons Middle East and Africa.

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Why the muni market is so robust right now

Municipal-bond bankers have been extra busy this year as state and local governments rush to borrow at a record pace to fund projects.

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Zambian economy expected to grow 6% in 2025

Zambia's economy is expected to expand at least 6% this year, driven by improving rainfall, increased copper production and a debt restructuring with low interest rates.

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Von der Leyen says EU is ready if U.S. trade talks break down

European Commission President Ursula von der Leyen said the European Union is prepared for all eventualities in its trade negotiations with the U.S., including for a breakdown in talks.

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Allianz's Zeng on Fed rate, de-dollarization

Jenny Zeng, Allianz Global Investors Deputy Head of Fixed Income & APAC Fixed Income CIO, speaks on Bloomberg TV about the Fed rate and the trend of de-dollarization.

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Fed being on hold is bolstering markets, Schwab's Sonders says

"Cutting rates here isn't really the elixir" for markets, Charles Schwab Chief Investment Strategist Liz Ann Sonders says on "Bloomberg Open Interest."

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Apollo's Zelter: Trump's 'already won' on Fed talk

Apollo Global Management President Jim Zelter calls talk of President Donald Trump possibly naming his next pick early for Federal Reserve Chair "a great distraction of headlines."

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Markets are facing classic wall of worry, HSBC's Kettner says

"Investors are underestimating, heavily, how much we could see a melt up and a squeeze into the summer months," says Max Kettner, chief multi-asset strategist at HSBC, as he explains the upside catalysts he sees for markets.

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What Micron's upbeat forecast signals for tech stocks

Kim Forrest, Bokeh Capital Partners founder and CIO, reacts to Micron's upbeat forecast. Micron said fiscal fourth-quarter revenue will be roughly $10.7 billion, well ahead of the $9.89 billion average analyst estimate.

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FedEx skips full forecast due to uncertainties

FedEx Corp. warned that its profit would be worse than expected this quarter and declined to offer guidance for the rest of the year, underscoring the significant impact that President Donald Trump's trade war continues to have on its bu...

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How AT&T found its focus

Since John Stankey became AT&T CEO in 2020, the company has streamlined its focus around connectivity and concentrated on developing fiber broadband and 5G wireless networks. Stankey and CFO Pascal Desroches tell Bloomberg why they're co...

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Shell says it's not in talks to buy BP

Shell Plc denied a Wall Street Journal report that it is in active talks about acquiring its London-based oil rival BP Plc.

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JPMorgan traders get shut out of private credit market

JPMorgan traders send out a list of dozens of loans they're looking to buy about once a month and then fail to get their hands on a single one on most occasions. The problem is almost no one in private credit is willing to sell.

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Levine: Expect market consolidation, not a major selloff

Alicia Levine, head of investment strategy and equities at BNY Wealth, says markets have proven to be "remarkably resilient" and that earlier declines in March and April "really reflected all the risks that are out there."

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