Defiant TikTok CEO faces Congress grilling
Tiktok Chief Executive Officer Shou Chew says the social media platform has not spied on Americans. He testifies before the US House Energy and Commerce Committee in Washington.
What does 'cash is king' really mean?
Higher interest rates have made holding cash more attractive. But as the global bank turmoil shows, cash management is critical. Scarlet Fu explains what that means.
Apple to spend big on films, hires Scorsese
Apple Inc. plans to spend $1 billion a year to produce movies that will be released in theaters as it tries to raise its profile in Hollywood. Apple could look to partner with famed director Martin...
How China is supporting Russia's economy amid war
Embrace a friendship with Russia or play peacemaker on Ukraine? China's friendship with Russia is thriving, despite Xi Jinping's efforts to present himself as a mediator in the war. Lucia He and Ro...
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.
TikTok faces growing pressure in US
Sen. Shelley Moore Capito (R) West Virginia discusses what she and other senators plan on asking TikTok CEO Shou Zi Chew ahead of Chew testifying Thursday.
Coinbase gets SEC notice
Coinbase Global Inc. CEO Brian Armstrong says he welcomes the Securities & Exchange Commission's plan to take enforcement action against the crypto exchange.
Powell's rate hike streak continues
Federal Reserve Chair Jay Powell raised interest rates again by a quarter percentage point to a range of 4.75% to 5%, the highest since September 2007. Here are the highlights from his press confer...
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...
Banking crisis opens capitalism's new era
The global banking crisis has opened a new era for capitalism and shows how the rules of finance are changing. John Micklethwait, editor-in-chief of Bloomberg News, helped write "The Big Take" with...
Macron doubles down on pension reform
French President Emmanuel Macron said he is working on ways to force companies carrying out share buybacks to distribute more of their profits to workers, as he seeks to defuse the anger of protest...
PacWest secures $1.4 billion lifeline
PacWest Bancorp secured $1.4 billion in cash from a financing facility from Atlas SP Partners and abandoned a separate push to raise capital after its customers pulled more than 20% of total deposi...
Allegations levelled against Sean Penn charity
CORE Response has saved American lives during the pandemic. But employees allege it failed to quickly address claims of financial mismanagement and sexual harassment. Bloomberg's Sophie Alexander e...
The case against TikTok
Bloomberg Opinion contributor Kyla Scanlon takes a look at the case against TikTok. The social media app's CEO is heading to Capitol Hill to say China has no authority over its data.
Investors fear missing out on next rally
Missing even a few days of a market rally could reduce your returns by more than half, evidence shows. Bloomberg's Richard Henderson explains what large investors are doing to avoid missing out on ...
Bitcoin tops $28,000 despite market chaos
Turmoil in the banking sector, hotter-than expected inflation data, and renewed hopes for a dovish Federal Reserve has Bitcoin reaching levels not seen in about nine months. The token topped $28,00...
In Kyiv, Japan's Kishida backs Ukraine
Japanese Prime Minister Fumio Kishida has offered strong support to Ukraine during a visit to Kyiv, inviting President Volodymyr Zelenskiy to the G-7 Summit in May.
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...
China, Russia concerned over Aukus
China and Russia have expressed serious concerns about the Aukus agreement which will see Australia acquire nuclear-powered submarines in a deal with the US and UK.
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.
US to back First Republic Bank rescue?
US officials and Wall Street leaders discussing an intervention at First Republic Bank are exploring the possibility of government backing to encourage a deal that would shore up the lender, accord...
Cybersecurity Risks of OpenAI and ChatGPT
Palo Alto Networks Senior Vice President for Unit 42 Wendi Whitmore joins Caroline Hyde and Ed Ludlow to discuss ChatGPT's latest bugs and the cybersecurity concerns surrounding OpenAI's product. P...
Credit Suisse bondholders 'cry foul'
The takeover of Credit Suisse ends days of turmoil, which should be good news for investors -- but one group of bondholders is crying foul over the deal. Kristine Aquino explains why.
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 ...
Latest gaming report shows mobile the 'key market'
Unity Software CEO John Riccitiello joins Caroline Hyde and Ed Ludlow to discuss the impact of Microsoft's potential acquisition of Activision Blizzard on the gaming space. Plus, a look at industry...
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."
U.S. existing-home sales rise to three-year high
U.S. sales of previously owned homes rose in February by the most since mid-2020. Guy Johnson and Alix Steel react to the numbers on "Bloomberg Markets."