Ed Kalegi

Secretary Rubio speaking with Bloomberg News Editor-in-Chief John McWithwaite.

The European Central Bank is prepared to offer euro liquidity to monetary authorities from around the world in an effort to prevent market tensions and increase global use of the single currency.

In a statement Saturday, the Frankfurt-based institution says it will extend repo lines to all central banks unless excluded on the grounds of, in particular, money laundering, terrorist financing or international sanctions, adding that the changes will apply as of the third quarter.

The move to make euros more readily available reflects Europe's broader efforts to redefine its place in a global order upended by President Trump.

Policymakers have long viewed his erratic policies as an opening to challenge the dollar's decades-long dominance and bolster the euro's international role.

Prepare to pay more for steaks and burgers over the next few years.

Bloomberg's Monica Ricks explains why.

The Trump administration is moving ahead with a plan to remake the U.S.

immigration detention system.

Bloomberg's Amy Morris has the details from Washington.

After years of restraint following the 2008 global financial crisis, Wall Street is handing CEOs a record payout.

Chief Executive Officers at the top U.S.

banks all received annual compensation of at least $40 million.

with their total pay surpassing records set in 2006 and 2021.

Bank of America's Brian Moynihan was the latest CEO to have his pay disclosed, with his compensation rising 17 percent last year to $41 million.

Citigroup said this week that it boosted the pay of CEO Jane Fraser 22 percent to $42 million for 2025, a sign of confidence from the board about her ability to turn the company around after years of underperforming peers.

A massive storm aimed at California may help the state, which has been struggling with a snow drought through much of the winter.

At least 12 inches of snow is expected to fall between 3,000 and 4,000 feet across mountains in northern and eastern California through next week.

Up to 8 feet are forecast to fall at higher elevations as a winter storm watch covers much of the area.

The snow drought is hurting much of the U.S.