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The first word in business news. Newsletters: bloom.bg/newsletters Podcasts: bloom.bg/podcasts The Big Take podcast: trib.al/jtoXfuT

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Bloomberg News @bloomberg.com · 15m
Homebuyers are “like sharks in the water looking for blood” as 7% mortgage rates force sellers to cut prices.
bloom.bg
Home Sellers Feel the Sting of 7% Mortgage Rates
Also: Another snag for NYC’s pied-a-terre tax, and help for first-time buyers in the UK and China
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Bloomberg News @bloomberg.com · 41m
The Federal Reserve’s internal watchdog found no evidence of criminal wrongdoing in the central bank’s renovation of its Washington headquarters
bloom.bg
Fed’s Watchdog Finds No Evidence of Criminality in Renovations
The Federal Reserve’s internal watchdog found no evidence of criminal wrongdoing in the central bank’s renovation of its Washington headquarters, a $2.4 billion project that became a flashpoint between the Fed and the Trump administration as the president pushed for lower interest rates last year.
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Bloomberg News @bloomberg.com · 45m
A lobbying powerhouse faces a midterm problem: Many Democrats and some Republicans up for election don't want its money
bloom.bg
AIPAC’s Growing Unpopularity Becomes a Liability, Even for Some Republicans
The lobbying powerhouse seeks to retain its influence despite accusations of partisanship and Israel's declining support with voters
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Bloomberg News @bloomberg.com · 1h
Apple plans to make its long-delayed push into the smart-home market during the week of Oct. 12, marking a critical product expansion for the company under new CEO John Ternus.
bloom.bg
Apple Is Finally Ready to Enter Its Next Big Category: the Smart Home
Apple Inc. plans to make its long-delayed push into the smart-home market on Oct. 13, marking a critical product expansion for the company under new Chief Executive Officer John Ternus.
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Bloomberg News @bloomberg.com · 1h
A prolonged whey shortage is turning into an opportunity for startups that make protein out of everything from beans to bog microbes.
bloom.bg
Startups Race to Cash In on Gold Rush Sparked by Whey Protein Shortage
A prolonged squeeze on America’s favorite protein powder is turning into an opportunity for food-tech companies that extract the macronutrient out of everything from alfalfa to bog microbes.
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Bloomberg News @bloomberg.com · 2h
Ken Griffin has spent years trying to reshape Miami from a playground for the world’s wealthy into a high-finance and technology hub. A pact with Carnegie Mellon University could complete the transformation.
bloom.bg
Ken Griffin’s University Plan Turbocharges Miami Transformation
Ken Griffin has spent years trying to reshape Miami from a playground for the world’s wealthy into a high-finance and technology hub.
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Bloomberg News @bloomberg.com · 2h
Tinder is launching a new feature called Group Hangouts designed to take the pressure off one-on-one dates, marking its latest effort to court younger users who have grown jaded with dating apps.
bloom.bg
Tinder Rolls Out Group Dating Feature in Latest Nod to Younger Users
Tinder is launching a new feature called Group Hangouts designed to take the pressure off one-on-one dates, marking its latest effort to court younger users who have otherwise grown jaded with dating apps.The feature will roll out gradually in select US markets starting Wednesday, the company said in a statement. Group Hangouts, which Bloomberg first reported on in May, offers an approach to matchmaking that homes in on shared activities and interests. It builds on the success of earlier initiat
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Bloomberg News @bloomberg.com · 3h
Traders pared back their expectations for the Federal Reserve to raise interest rates in October after the central bank’s preferred measure of inflation accelerated by less than expected.
bloom.bg
Traders Pull Back on October Fed Hike Bets After Cool PCE Data
Traders pared back their expectations for the Federal Reserve to raise interest rates in October after the central bank’s preferred measure of inflation accelerated by less than expected.
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Bloomberg News @bloomberg.com · 3h
BMW plans to use AI to help eliminate a fifth of management roles, with around 8,000 positions set to go by next year. bloom.bg/4rH5MIq 📷: Sean Gallup / Getty Images
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Bloomberg News @bloomberg.com · 3h
At Bloomberg’s Screentime conference this week, Hollywood will discuss its approach to AI.
bloom.bg
The Screentime Conference Asks Hollywood How It Feels About AI
The transformative technology is already having an impact
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Bloomberg News @bloomberg.com · 3h
A flight from Dubai to Tel Aviv narrowly avoided catastrophe after one of the pilots tried to stab his colleague, forcing the plane into a steep plunge and an emergency landing in Saudi Arabia. Get the latest: bloom.bg/4jwpPHd 📷: AP Photo
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Bloomberg News @bloomberg.com · 4h
OpenAI aims to raise at least $30 billion from investors in a new round of funding, according to people familiar with the matter, after the artificial intelligence startup pushed back its plans for an initial public offering. (Post corrects prior caption and photo credit) 📷: Minh Connors/Bloomberg
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Bloomberg News @bloomberg.com · 4h
A brazen assassination attempt on a pregnant woman has thrust "MAGA's Man in LatAm" into the center of a scandal engulfing Bolivia's government
bloom.bg
Assassination Plot Allegation Lands a MAGA Fixer in Bolivia Jail
Nadia Beller accuses her former lover, the political consultant Fernando Cerimedo, of organizing a hit on her life.
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Reposted by Bloomberg News
Micah Barkley @micahbarkley.bsky.social · 4h
As a broadcast journalism student at FAMU, I remember noticing that our local ABC station, WTXL, suddenly had no anchors, just package after package from reporters. Turns out, it was Scripps’ first experiment with going anchor-less. Now that model is spreading. Read my recent for @bloomberg.com
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Bloomberg News @bloomberg.com · 4h
The man running Tom Steyer’s property investments says distressed valuations and sky-high electricity prices have turned California into a “fantastic market” for his energy-focused strategy
bloom.bg
Billionaire Tom Steyer’s CRE Investing Arm Targets California
The man running Tom Steyer’s property investments says distressed valuations and sky-high electricity prices have turned California into a “fantastic market” for his energy-focused strategy.
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Reposted by Bloomberg News
Mark Gurman @markgurman.bsky.social · 5h
NEW: Apple will launch its next big thing on October 13, a major new smart home device with a display. Here’s an in-depth look at its design, features, apps, use cases and more — www.bloomberg.com/news/article...
bloomberg.com
Apple Is Finally Ready to Enter Its Next Big Category: the Smart Home
Apple Inc. plans to make its long-delayed push into the smart-home market on Oct. 13, marking a critical product expansion for the company under new Chief Executive Officer John Ternus.
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Bloomberg News @bloomberg.com · 5h
Snagging one of the 2,500 open jobs at newly public SpaceX requires “exceptional ability” and tacit loyalty, and Elon Musk may review your resume himself.
bloom.bg
What It Takes to Get a Job at SpaceX
The company is hiring about 2,500 people, and candidates should expect to work weekends and have their resume reviewed by Elon Musk.
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Bloomberg News @bloomberg.com · 5h
Abu Dhabi Crown Prince Sheikh Khaled's $300 billion wealth fund is a key player in the UAE's “Zero Hormuz” strategy — spending heavily on ports and infrastructure to redraw trade routes in the Gulf. Read more: bloom.bg/4yqwQOE 📷: Haruna Furuhashi/Pool/Getty Images
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Bloomberg News @bloomberg.com · 6h
Yields on 30-year Treasuries are now higher than at any point in 24 years: Evening Briefing Americas
bloom.bg
Tuesday Was a Bad Day for Bonds and Stocks
Get caught up.
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Bloomberg News @bloomberg.com · 6h
Apple plans to make its long-delayed push into the smart-home market in the next few weeks. At the center of the strategy is a hub with the code name J490. Here's what we know: bloom.bg/3VEaiLG 📷: Michael Nagle / Bloomberg
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Bloomberg News @bloomberg.com · 6h
Climate inflation, or price increases linked to man-made global warming, is starting to show up more clearly. Here are the products it’s making pricier.
bloom.bg
Climate Change Is Making These Grocery Items More Expensive This Year
A new report adds to a growing body of research that shows how extreme weather is reshaping global inflation.
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Bloomberg News @bloomberg.com · 7h
New Zealand has been accused of breaking climate commitments in its free trade agreement with the European Union in a formal complaint lodged with the European Commission by a Dutch environmental group.
bloom.bg
NZ Accused of Breaching Climate Pledges Made in EU Trade Deal
New Zealand has been accused of breaking climate commitments in its free trade agreement with the European Union in a formal complaint lodged with the European Commission by a Dutch environmental group.
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Bloomberg News @bloomberg.com · 7h
US energy regulators accepted but suspended a plan by the country’s biggest electric grid to accelerate the addition of new power supply in a region struggling to meet demand from data centers.
bloom.bg
Biggest US Grid’s Data-Center Plan Accepted With 5-Month Pause
US energy regulators accepted but suspended a plan by the country’s biggest electric grid to accelerate the addition of new power supply in a region struggling to meet demand from data centers.
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Bloomberg News @bloomberg.com · 8h
Mongolia is on course to be the world’s best stock market this quarter, as the landlocked North Asian country rides a commodity boom that insulates it from the volatile AI trade
bloom.bg
Commodity Boom Pushes Mongolian Stocks to World-Beating Quarter
Mongolia is on course to be the world’s best stock market this quarter, as the landlocked North Asian country rides a commodity boom that insulates it from the volatile AI trade.
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Bloomberg News @bloomberg.com · 8h
Citadel's Ken Griffin is donating $3 billion to Carnegie Mellon, in the largest single gift committed to a US university. Most of the money will fund a new campus in Miami: bloom.bg/4xY0hGP 📷: Eva Marie Uzcategui/Bloomberg
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Bloomberg News @bloomberg.com · 8h
Singapore and Kuala Lumpur are choking under severe haze spewing from wildfires in neighboring Indonesia, with air quality deteriorating dramatically ahead of major sporting events.
bloom.bg
Singapore, Malaysia Cloaked in Haze Before Key Sports Events
Singapore and Kuala Lumpur are choking under severe haze spewing from wildfires in neighboring Indonesia, with air quality deteriorating dramatically ahead of major sporting events.
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Bloomberg News @bloomberg.com · 9h
The Strait of Hormuz is open. So why is Brent crude still above $100 a barrel? It comes down to market psychology and a perverse bet on military strategy (via Bloomberg Opinion)
bloom.bg
Why Is Oil at $100 If Trump Is Winning the Battle in Hormuz?
I don’t know who will win the US-Iran war. But if you ask me who’s prevailing in the battle over the Strait of Hormuz, it’s clear US President Donald Trump has the advantage. As much as Tehran says the opposite, the strait is effectively wide open. Crude oil exports from regional US allies via the waterway, plus bypass routes, have risen to about 80% of prewar levels. Iran, meanwhile, has seen its own oil exports plunge to zero.
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Bloomberg News @bloomberg.com · 10h
How do you count 1.4 billion people? For the first time in a decade and a half, India is conducting a census. The population count, delayed by more than five years requires agents to fan out across the vast country. bloom.bg/4dexDts 📷️: Sanchit Khanna/Hindustan Times/Zuma Press
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Bloomberg News @bloomberg.com · 10h
Brazilian beef shipments to China face an additional 55% tariff after reaching Beijing’s annual import quota, a development that could disrupt trade between the two agricultural heavyweights and redirect global supply flows.
bloom.bg
Brazil Beef Hit With 55% China Tariff After Filling Export Quota
Brazilian beef shipments to China face an additional 55% tariff after reaching Beijing’s annual import quota, a development that could disrupt trade between the two agricultural heavyweights and redirect global supply flows.
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Bloomberg News @bloomberg.com · 11h
Singapore and Kuala Lumpur are choking under severe haze spewing from wildfires in neighboring Indonesia, with air quality deteriorating dramatically ahead of major sporting events. bloom.bg/3VatLUe 📷: Roslan Rahman/AFP/Getty Images
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Bloomberg News @bloomberg.com · 11h
China has vowed to retaliate if the European Union adopts broad tariffs on Chinese goods modeled on previous US measures, warning that such action could undermine trade negotiations with the bloc.
bloom.bg
China Warns Broad EU Tariffs Could Disrupt Trade Negotiations
China vowed to retaliate if the European Union adopts broad tariffs on Chinese goods modeled on previous US measures, warning that such action could undermine trade negotiations with the bloc.
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Bloomberg News @bloomberg.com · 12h
Toyota is bringing the Century, Japan’s ultimate four-wheeled status symbol, out of the shadows with new models and a push to raise its profile beyond its home market. Read more: bloom.bg/4hE8nyb 📷️: Akio Kon/Bloomberg
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Bloomberg News @bloomberg.com · 12h
A waterfront mansion in Sydney’s exclusive suburb of Point Piper just sold at a steep discount, underscoring the dramatic shift underway in Australia’s property market. bloom.bg/4hpq8Ru 📷️: Sotheby's International Realty
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Bloomberg News @bloomberg.com · 13h
President Donald Trump endorsed using outside auditors to assess the safety of AI systems through an accord with Silicon Valley leaders that seeks to sidestep new government rules in addressing a groundswell of concern over AI risks.
bloom.bg
Trump Backs Independent AI Audits in Shift of Safety Posture
President Donald Trump endorsed using outside auditors to assess the safety of artificial intelligence systems through an accord with Silicon Valley leaders that seeks to sidestep new government rules in addressing a groundswell of concern over AI risks.
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Bloomberg News @bloomberg.com · 13h
Around one in three trucks sold in China this year will be electric.
bloom.bg
China Has an 18-Wheel Answer to Soaring Global Diesel Prices
Around a third of trucks sold in China this year will run on electricity, furthering Beijing’s goal of bolstering energy security.
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Bloomberg News @bloomberg.com · 13h
John Waldron, long seen as the likely CEO successor at Goldman Sachs, has a lengthy to-do list before he takes the top job.
bloom.bg
Goldman’s Heir Apparent Faces Tough Task Keeping Deputies Happy
John Waldron, long seen as the likely CEO successor at Goldman Sachs Group Inc., has a lengthy to-do list before he takes the top job.
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Bloomberg News @bloomberg.com · 13h
President Trump sees artificial intelligence as suffering from a branding problem, and he intends to fix it with an attempt to officially rename the technology “super intelligence.”
bloom.bg
Trump Responds to AI Backlash With ‘Super Intelligence’ Rebrand
President Donald Trump sees artificial intelligence as suffering from a branding problem, and he intends to fix it with an attempt to officially rename the technology “super intelligence.”
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Bloomberg News @bloomberg.com · 14h
Canada’s energy minister said the country has contingency plans for disruptions to diesel supply, including a possible US ban on exports of the fuel
bloom.bg
Canada Has ‘Backup Plans’ in Case Trump Bans Diesel Exports
Canada’s energy minister said the country has contingency plans for disruptions to diesel supply, including a possible US ban on exports of the fuel.
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Bloomberg News @bloomberg.com · 14h
E-trucks are booming in China. That's helping the country cut emissions, strengthen energy security and dominate another green transition sector. bloom.bg/4yiF9vH 📷️: Gilles Sabrié/Bloomberg
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Bloomberg News @bloomberg.com · 14h
A waterfront mansion in Sydney’s exclusive suburb of Point Piper just sold a steep discount, underscoring the dramatic shift underway in Australia’s property market.
bloom.bg
A $52 Million Point Piper Home Shows Housing Slump Hitting Sydney's Elite
Higher-value properties are leading declines as Australia’s real estate downturn deepens.
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Bloomberg News @bloomberg.com · 16h
A White House plan to cut hundreds of millions of dollars in federal funding approved by Congress using a controversial budgeting maneuver faces a legal challenge on the eve of the end of the fiscal year, when the money is set to expire
bloom.bg
Trump Sued Over Move to Claw Back Federal Funds Set to Expire
A White House plan to cut hundreds of millions of dollars in federal funding approved by Congress using a controversial budgeting maneuver faces a legal challenge on the eve of the end of the fiscal year, when the money is set to expire.
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Bloomberg News @bloomberg.com · 16h
President Trump sees artificial intelligence as suffering from a branding problem, and he intends to fix it with an attempt to officially rename the technology “super intelligence.”
bloom.bg
Trump Responds to AI Backlash With ‘Super Intelligence’ Rebrand
President Donald Trump sees artificial intelligence as suffering from a branding problem, and he intends to fix it with an attempt to officially rename the technology “super intelligence.”
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Bloomberg News @bloomberg.com · 17h
A Trump-backed nuclear plant in Metropolis, Illinois settles lawsuits alleging the facility spewed radioactive material, caused illness and contaminated properties across the city.
bloom.bg
Trump-Backed Nuclear Plant Settles Cancer, Contamination Lawsuits
Residents and government officials in Metropolis, Illinois blamed illnesses and property damage on radioactive material coming from the Atomic Age facility.
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Bloomberg News @bloomberg.com · 17h
President Donald Trump is set to unveil South Korea’s plan to invest some $200 billion in the US, including $54 billion for a long-stalled venture to export natural gas from Alaska
bloom.bg
Trump to Tout $54 Billion Korean LNG Plan in Battleground Alaska
President Donald Trump is set to unveil South Korea’s plan to invest some $200 billion in the US, including $54 billion for a long-stalled venture to export natural gas from Alaska that’s been championed by a Republican senator in a tight reelection contest.
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Bloomberg News @bloomberg.com · 18h
Trump unveiled a new AI-powered website designed as a one-stop shop for government services Tuesday.
bloom.bg
Trump Launches America.gov in AI Push for Federal Services
President Donald Trump unveiled a new AI-powered website designed as a one-stop shop for government services Tuesday, deepening his embrace of artificial intelligence amid growing public skepticism of its economic and social impacts.
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Bloomberg News @bloomberg.com · 18h
National Bank Financial’s chief economist sees Canada starting to take business investment seriously after a decade of what he calls “stagnant” growth, and is forecasting a surge in foreign capital.
bloom.bg
Canada on the Cusp of Investment Surge, NBF’s Marion Says
National Bank Financial’s chief economist sees Canada starting to take business investment seriously after a decade of what he calls “stagnant” growth, and is forecasting a surge in foreign capital.
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Bloomberg News @bloomberg.com · 18h
Hint: One year anniversary of this graph-ic puzzle? Now you can see how your solving skills compare with other players! 🧩 Share your results: bloom.bg/4AxhZDo
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Bloomberg News @bloomberg.com · 19h
Peter Navarro, a longtime trade adviser to President Donald Trump, on Tuesday excoriated Canadian lobbyists, telling them during a conference in Washington to leave the US.
bloom.bg
Navarro Tells Canadian Lobbyists to ‘Get the Hell Out’ of US
Peter Navarro, a longtime trade adviser to President Donald Trump, on Tuesday excoriated Canadian lobbyists, telling them during a conference in Washington to leave the US.
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Bloomberg News @bloomberg.com · 19h
A program meant to let taxpayers donate levies to rural areas has attracted an unusual problem — too many people want to take part (via Bloomberg Opinion)
bloom.bg
This Japanese Tax Has a Problem: It’s Too Popular
Imagine a tax that people just love to pay.
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Bloomberg News @bloomberg.com · 20h
US officials are seeking to rein in investment strategies that reduce or eliminate investors' capital gains taxes. Here's what to know.
bloom.bg
How Scott Bessent Is Targeting a Favorite Wall Street Tax Strategy
The US Treasury Department has put Wall Street on notice: Authorities are moving to rein in some of the most aggressive investment strategies used to cut investor tax bills.
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