Big Take

How Sports Betting Is Changing the NFL for Fans and Players

27 Nov 2024

Contributed by Lukas

Gambling on sports is now legal in almost 40 states in the US, and pro-football is at the center of the rapidly growing, multibillion dollar industry ...

The $250 Million Bribery Charges Rocking the Adani Empire – and India

26 Nov 2024

Contributed by Lukas

India’s Gautam Adani, one of the world’s richest men, was charged last week by US prosecutors over his alleged involvement in a $250 million bribe...

Why Trump’s Treasury Secretary Pick Is Reassuring Wall Street

25 Nov 2024

Contributed by Lukas

After a messy, public competition between hopefuls, President-elect Donald Trump nominated hedge fund manager Scott Bessent to be the next Treasury se...

New York City’s Big Battle Over Broker Fees

22 Nov 2024

Contributed by Lukas

New York City has some of the highest housing costs in the US. In addition to sky-high rents, tenants often have to pay a fee to a real estate broker ...

Pakistan Is Getting Too Expensive For Its Middle Class – So They’re Leaving

21 Nov 2024

Contributed by Lukas

A record number of Pakistanis are leaving at a rapid speed. Among them are some of the country’s top talent including doctors, engineers, accountant...

As the US Turns Inward, the World Order Realigns

20 Nov 2024

Contributed by Lukas

This year’s G-20 summit in Brazil revealed a new reality: The world order is shifting as President Joe Biden wraps up his final months in office and...

The Shadowy Fleet of Tankers Moving Iranian Oil to China

19 Nov 2024

Contributed by Lukas

Every year, billions of dollars of sanctioned Iranian oil finds its way to China, even though on paper the country hasn’t imported a single drop in ...

Inflation’s Latest Victim: Brand Loyalty

18 Nov 2024

Contributed by Lukas

Bloomberg reporter Leslie Patton has noticed a pattern looking at the earnings of mid-priced, brand name companies like Kraft and Luvs. Their sales ar...

COP29 Confronts Tensions Over Funding Clean Energy Transition

15 Nov 2024

Contributed by Lukas

Climate leaders from around the world have convened in Baku, Azerbaijan for the UN’s biggest annual climate conference, COP29. And this year, it’s...

Inside Trump’s Treasury Secretary Shortlist

14 Nov 2024

Contributed by Lukas

Over the last week, President-elect Donald Trump has announced his nominees for the top jobs in his administration. But one key position that hasn’t...

Another Trump Term Is Coming. Is Asia Ready?

13 Nov 2024

Contributed by Lukas

Higher tariffs. Geopolitical flare-ups. Inflammatory comments. All across Asia, countries are bracing for the return of Donald Trump. On today’s Big...

Why Bitcoin Is Surging to All-Time Highs

12 Nov 2024

Contributed by Lukas

Since Donald Trump’s reelection, Bitcoin has surged to its highest value ever, surpassing $89k per coin on Tuesday. It’s a trend playing out acros...

The Economic Impact of Trump’s Promises

11 Nov 2024

Contributed by Lukas

President-elect Trump ran on a promise to help American consumers. As he prepares to take office, the question becomes whether his policies will play ...

A Big Winner From Trump’s Election Victory? His Businesses

08 Nov 2024

Contributed by Lukas

President-elect Donald Trump’s business ventures, from Truth Social to crypto, stand to benefit from his return to power. But just how much? Today ...

The Federal Reserve Sets Up for Rematch With Trump

07 Nov 2024

Contributed by Lukas

Less than two days after Donald Trump won a second term, the Federal Reserve announced a rate cut. But speaking to reporters, Fed’s Powell faced dif...

Trump Wins, Trump Trade Surges

06 Nov 2024

Contributed by Lukas

In a stunning political comeback, Donald Trump has been elected the 47th president of the United States. Just before 2:30 on Wednesday morning, he too...

Snipers and Steel Doors: Inside Efforts to Secure the US Election

05 Nov 2024

Contributed by Lukas

As America heads to the polls for Election Day, thousands of poll workers and local officials are taking extreme measures to keep things running smoot...

Listen Now: US Election Coverage on Bloomberg Podcasts

04 Nov 2024

Contributed by Lukas

Be in the know this election with Bloomberg Podcasts. Follow Bloomberg News Now for up-to-the minute election results, all night long. And go deeper w...

How the World Is Bracing for a Trump or Harris Win

04 Nov 2024

Contributed by Lukas

From conflicts in Europe and the Middle East, to global issues like trade and migration, whoever becomes the next president of the United States will ...

Why Elon Musk Is Opening His Wallet for Donald Trump

01 Nov 2024

Contributed by Lukas

Elon Musk has become one of Donald Trump’s most formidable — and vocal — allies. He’s spoken at Trump rallies, formed a pro-Trump PAC, and fun...

Can the World Count on the Dollar If It Can’t Count on Smooth Elections?

31 Oct 2024

Contributed by Lukas

The world is watching for instability after the US election next week. If there’s a repeat of the chaos that followed the 2020 results, it could dam...

Silicon Valley Elites Want to Block the Sun. Not Everyone’s On Board

30 Oct 2024

Contributed by Lukas

It sounds like science fiction, but it’s real: Venture capitalists, startup founders, and Silicon Valley elites are pouring money into a controversi...

The US Pledged to Contain China’s Tech Ambitions. It’s Not Working

29 Oct 2024

Contributed by Lukas

China is making steady progress in its quest to dominate key industries of the future, despite years of US tariffs, export controls and sanctions.  O...

Wall Street Is Betting Big on a Trump Win

28 Oct 2024

Contributed by Lukas

With the US presidential election just over a week away, most major polls, including the latest Bloomberg/Morning Consult poll, show Vice President Ha...

So Your Business Went Viral. Now What?

25 Oct 2024

Contributed by Lukas

For a small business, going viral might sound like a good thing. But when a TikTok video turns a shop into an overnight success, that attention can co...

To Save the Amazon, Brazil Is Betting You Can’t Just Save the Trees

24 Oct 2024

Contributed by Lukas

Decades-long efforts to save Brazil’s Amazon have hit a brutal reality. Impoverished local communities often turn to agribusiness and other industri...

It’s Close. Very Close.

23 Oct 2024

Contributed by Lukas

Bloomberg News and Morning Consult have spent the past year polling voters in the seven key swing states that could decide the election: Arizona, Geor...

How China’s BYD Became King of the Affordable EV

22 Oct 2024

Contributed by Lukas

Started as a battery company in the 1990s in Shenzhen, BYD is now one of the best-selling EV brands in the world. Once mocked by Elon Musk, the compan...

The Big (Climate) Short

21 Oct 2024

Contributed by Lukas

In recent years, investors of all kinds bet big on the future of the so-called Green Economy. But now, some hedge funds are shorting green stocks — ...

What Happens When Your School Thinks AI Helped You Cheat

18 Oct 2024

Contributed by Lukas

The education system has an AI problem. As students have started using tools like ChatGPT to do their homework, educators have deployed their own AI t...

How Courts Are Already Shaping the 2024 US Election

17 Oct 2024

Contributed by Lukas

Since 2023, more than 165 lawsuits have been filed challenging nearly every dimension of this year's presidential election. Across 37 states, includin...

Bloomberg’s Trump Interview: Inside His Economic Vision for a Second Term

16 Oct 2024

Contributed by Lukas

With the US presidential election less than a month away, and the economy top of mind for many voters, former President Donald Trump sat down for an i...

How an Infamous Vietnamese Businesswoman Engineered a $12 Billion Fraud

15 Oct 2024

Contributed by Lukas

Vietnamese real estate tycoon Truong My Lan was convicted in April of orchestrating a $12.3 billion fraud. She was sentenced to death by lethal inject...

Insurers Are Struggling to Keep Up With Disasters Like Helene and Milton

14 Oct 2024

Contributed by Lukas

In recent weeks, two monster storms have pummeled the US. Hurricanes Helene and Milton left more than 200 dead — and early estimates suggest the rec...

How Uber and Lyft Used ‘Lockouts’ to Deny NYC Drivers Millions

11 Oct 2024

Contributed by Lukas

Uber and Lyft promised to give drivers independence and the flexibility to work whenever they wanted. But this summer in New York City, these ride sha...

When Will We Know Who the Next President Is?

10 Oct 2024

Contributed by Lukas

Will we know the result of the 2024 US Presidential election on election night? Or will the new normal look like 2020, when Americans had to wait days...

Could Contaminated Water Dull Perrier’s Sparkle?

09 Oct 2024

Contributed by Lukas

Perrier, the popular French bottled water brand, has long been a symbol of luxury. But it’s now under scrutiny after regulators found trace amounts ...

Inside the Succession Drama at a Hong Kong Property Dynasty

08 Oct 2024

Contributed by Lukas

Adrian Cheng, the third-generation scion of property dynasty New World Development, seemed poised to take over his family’s $20 billion empire. But ...

One Year Later, a Region in Conflict

07 Oct 2024

Contributed by Lukas

On October 7, 2023, Hamas attacked Israel and Israel responded by declaring war. One year later, that war rages on, conflict has spread through the re...

Inside the Deal That Held Off the Dock Workers Strike

05 Oct 2024

Contributed by Lukas

Shipping ports all along the East Coast and Gulf Coast shut down earlier this week, as the 47,000 members of the International Longshoremen’s Associ...

US Tech Is Helping Guide Russian Missiles Into Ukraine

03 Oct 2024

Contributed by Lukas

After a Russian missile hit the Ukrainian city of Chernihiv, Ukrainian investigators found the navigation system had components made by four Western c...

Vance and Walz’s New Debate Tactic: Civility

02 Oct 2024

Contributed by Lukas

In the first and only vice presidential debate of the 2024 US election cycle, Tim Walz and JD Vance had two objectives: Keep the momentum going for Ka...

The Escalating Conflict in the Middle East

01 Oct 2024

Contributed by Lukas

Iran attacked Israel for the second time in five months Tuesday, with a volley of missiles coming hours after Israel launched a ground incursion into ...

The Investment Strategy Behind Harvard’s Record Endowment — and How It Fell Apart

30 Sep 2024

Contributed by Lukas

Harvard University’s endowment fund is larger than the endowment of any other university on the planet. That’s, in part, because of a pioneering i...

China’s Economic Crackdowns Are Crushing the Dreams of a Generation

27 Sep 2024

Contributed by Lukas

This week, China’s central bank announced a stimulus package designed to revive the economy, cutting an interest rate and reducing the amount of...

Harris Gains Edge Over Trump on Economy in New Swing State Poll

26 Sep 2024

Contributed by Lukas

For the past year, Bloomberg News and Morning Consult have been polling voters in swing states. Former President Donald Trump has had a consistent lea...

Private Equity, But for Dying Universities

25 Sep 2024

Contributed by Lukas

Skyrocketing tuition costs, COVID and fewer high school graduates have been straining the survival of smaller American colleges, leading many to shut ...

Could the Chinese Yuan Ever Replace the US Dollar?

24 Sep 2024

Contributed by Lukas

Talk of de-dollarization has been gaining momentum among China, India, Brazil, Russia and South Africa in the wake of significant US led sanctions on ...

The Pager Attack Was a Deadly Warning About Supply Chains

23 Sep 2024

Contributed by Lukas

Fighting has escalated in the Middle East after thousands of pagers and walkie talkies held by Hezbollah operatives exploded across Lebanon last week....

The Genius Minds Behind the World’s Best Poker Bots

20 Sep 2024

Contributed by Lukas

Computers have outplayed humans in chess and Go for decades. But poker was long considered unhackable. The game requires not just crunching numbers, b...

Understanding Kamala Harris’ Plan for the Economy

19 Sep 2024

Contributed by Lukas

Since Vice President Kamala Harris took over the Democratic presidential ticket, she’s faced criticism from voters who say they don’t know what sh...

The Fed Cut Interest Rates. Now What?

18 Sep 2024

Contributed by Lukas

The Federal Reserve announced a highly anticipated rate cut of half a percentage point today — larger than many watchers anticipated. Which industri...

The Fed Finally Seems Ready to Pivot

16 Sep 2024

Contributed by Lukas

This week, the Federal Reserve is expected to cut interest rates for the first time in over four years. And there’s debate over how big the cut will...

California’s Controversial AI Bill Could Upend the Industry

13 Sep 2024

Contributed by Lukas

A controversial AI safety bill was just passed by California’s legislature. It’s been spurned by OpenAI and Nancy Pelosi, championed by Elon Musk ...

Buttigieg on Fixing America’s Travel Woes

13 Sep 2024

Contributed by Lukas

The year started with the door of an airplane falling off mid-flight. Frustrations with air travel have mounted since then. It’s up to Pete Buttigie...

Harris Trolled Trump. He Took the Bait.

11 Sep 2024

Contributed by Lukas

In a wide-ranging debate on Tuesday night, Vice President Kamala Harris repeatedly put former President Donald Trump on the defensive. Harris leaned i...

Apple’s Strategy to Rule the World

10 Sep 2024

Contributed by Lukas

Apple is at a turning point. It ascended from a scrappy tech underdog to the most valuable company in the world through selling devices like iPhones,...

Janet Yellen’s Predictions for the US Economy

09 Sep 2024

Contributed by Lukas

On today’s podcast, host David Gura speaks to US Treasury Secretary Janet Yellen about everything from the health of the economy to negotiating with...

Everything Is Content Now. Even Your Layoff

06 Sep 2024

Contributed by Lukas

Eleven million people have been let go in the US so far this year. And the job market they’re entering isn’t easy: the latest jobs report showed t...

Trump Is Behind Harris on Fundraising. Will it Matter?

05 Sep 2024

Contributed by Lukas

With two months until election day, Kamala Harris’ campaign is outpacing Donald Trump's on fundraising. But this late into the race, how much does m...

The Billionaire Brothers Capitalizing on the NFL, Soccer, and Taylor Swift

04 Sep 2024

Contributed by Lukas

Billionaire brothers Clark and Dan Hunt, co-owners of the Kansas City Chiefs, aren’t resting on their laurels after back-to-back Super Bowl victorie...

Seeking Asylum in the US? Good Luck.

03 Sep 2024

Contributed by Lukas

The US asylum process is meant to offer a fair shot at safe haven. But new reporting from Bloomberg uncovers how the difference between those who are ...

Elon, Inc.: Grok-Generated Chaos, Cybertruck In Strange Places

02 Sep 2024

Contributed by Lukas

X users might have noticed a new kind of artificial intelligence-generated image proliferating: strange visions of Elon Musk next to Disney characters...

A Flying Taxi Ride Into the Future of Transportation

30 Aug 2024

Contributed by Lukas

The taxis of the future are already here. And they’re airborne. After years of research and development and billions in investment, autonomous flyin...

What NASA’s Reliance on SpaceX Means for Boeing

29 Aug 2024

Contributed by Lukas

In June, two NASA astronauts flew to the International Space Station on a Boeing spacecraft for a week-long test mission. But problems with the machin...

The Latest Mpox Emergency Was Entirely Avoidable

28 Aug 2024

Contributed by Lukas

The World Health Organization declared the last mpox global emergency over in May 2023. And just over a year later, here we are again. Since the start...

Humans and AI Bots Blur in the World's Call Center Capital

27 Aug 2024

Contributed by Lukas

Call centers in the Philippines, the world’s second-biggest outsourcing center after India, are embracing artificial intelligence - and it’s radic...

Powell Says Rates Are Coming Down: How Low Will They Go?

26 Aug 2024

Contributed by Lukas

The time has finally come for a rate cut. That was the takeaway of Fed Chair Jerome Powell's remarks in Jackson Hole on Friday when he let the world k...

Harris and Trump Make Their Case to Black Voters

24 Aug 2024

Contributed by Lukas

For decades, the Democratic Party has counted on support from Black voters. But former President Donald Trump has tried to leverage voter dissatisfact...

Inside Southeast Asia’s Most Notorious Crime Hub

22 Aug 2024

Contributed by Lukas

A Chinese businessman persuaded officials to establish a special economic zone in a remote part of Laos. The gamblers arrived first. Then came the dru...

Has Burning Man Burned Out?

21 Aug 2024

Contributed by Lukas

For the first time in more than a decade, Burning Man has not sold out.  The gathering prides itself on its counter-cultural roots, and draws tens of...

80% of What We Buy Goes Through Ports. They’re Changing, Fast

20 Aug 2024

Contributed by Lukas

Ports often make the news when they break: like the bridge collapse that shut down Baltimore's port earlier this year. But every day, ports in cities ...

What Would It Take to Rebuild Gaza?

19 Aug 2024

Contributed by Lukas

After ten months of fighting in the Gaza Strip, Israel and Hamas could be close to a cease-fire deal. As of Monday afternoon, US Secretary of State An...

ETFs, Explained

16 Aug 2024

Contributed by Lukas

There is nearly $13 trillion invested in exchange-traded funds, or ETFs. ETFs that mirror the S&P 500. ETFs for gold. ETFs for bitcoin. There’s ...

The US Election Could Hinge on Seven State Economies

15 Aug 2024

Contributed by Lukas

Seven key states will play an outsized role in determining the outcome of the 2024 US election. A new analysis from Bloomberg found that as a group th...

Goodbye Sicily, Hello Sarasota. The Post-Pandemic Travel Boom Is Over

14 Aug 2024

Contributed by Lukas

That White Lotus-inspired trip to Sicily. The Instagram-perfect Joshua Tree glamping holiday. A party weekend in Miami. Ever since the first lockdown ...

After a Deadly Student Uprising, Bangladesh Starts Over, Again

13 Aug 2024

Contributed by Lukas

After weeks of protests and a brutal crackdown that led to several hundred deaths, Bangladesh’s Prime Minister Sheikh Hasina was forced to step down...

Want Money From the Middle East? There Are New Strings Attached

12 Aug 2024

Contributed by Lukas

The sovereign wealth funds of the Persian Gulf used to be relatively easy places for US firms like Blackstone and Goldman Sachs to raise money. But re...

Why Is Everybody Still Getting Sick All The Time?

09 Aug 2024

Contributed by Lukas

Have you had the flu recently? Or RSV? Or just... some bug that you can’t quite shake? If so, you’re not alone. Bloomberg’s data team recently d...

Are We in a Recession? The Sahm Rule Says Yes. Its Creator Says Not So Fast

08 Aug 2024

Contributed by Lukas

On today’s Big Take podcast, economist Claudia Sahm explains the Sahm rule: how she came up with the idea, whether or not we’re in a recession, an...

Welcome to Ozempictown, USA (No, It’s Not Hollywood)

07 Aug 2024

Contributed by Lukas

What happens when new weight-loss drugs like Ozempic transform a community? Bloomberg healthcare reporter Madison Muller went to Bowling Green, Kentuc...

$200 Billion, Four Heirs And One Mighty Empire

06 Aug 2024

Contributed by Lukas

Gautam Adani, the controversial Indian billionaire, gathered his two sons and two nephews for a family lunch one day and asked them a bombshell questi...

What’s Behind the Global Market Meltdown

05 Aug 2024

Contributed by Lukas

On Wall Street, the S&P 500 had its worst day in nearly two years and the Dow Jones Industrial Average shed over 1,000 points. Shares on Japan’s...

The Threat of AI-Made Bioweapons

02 Aug 2024

Contributed by Lukas

In April of 2023, a man carrying a small, black box walked into one of the nation’s most secure buildings, right next to the White House. In the box...

Ghost Jobs Are Haunting the Labor Market

01 Aug 2024

Contributed by Lukas

If you’ve applied to a job and never heard back, you may have fallen prey to a ghost job — an online listing for a role that never actually existe...

How Companies Gamed the H-1B Visa Lottery

31 Jul 2024

Contributed by Lukas

Each year in April, the US conducts a lottery that shapes the lives of hundreds of thousands of people. And each year, only around 85,000 are granted ...

Japan’s Small Businesses Have a Problem. They Don’t Know How to Raise Prices

30 Jul 2024

Contributed by Lukas

Costs are rising in Japan and small businesses risk being squeezed into oblivion if they don’t figure out how to raise their prices. After decades o...

Behind Trump's Pledge to Make America the "Crypto Capital"

29 Jul 2024

Contributed by Lukas

This past weekend, Donald Trump became the first American president to address a crypto conference, telling an audience in Nashville that “if Bitcoi...

Wall Street’s Great Rotation

26 Jul 2024

Contributed by Lukas

For most of this year, US markets were hitting fresh highs and investors were giddy about the potential of AI to make the world’s biggest tech compa...

On US Trip, Netanyahu Covers His Bases

25 Jul 2024

Contributed by Lukas

Israeli Prime Minister Benjamin Netanyahu’s trip to DC was set to be high-stakes, as he arranged to meet with President Biden and former President T...

Why You’ll Want to Know How Your Nurse Practitioner Was Trained

24 Jul 2024

Contributed by Lukas

Americans are more and more likely to get health care not from doctors, but from nurse practitioners. It’s one of the fastest-growing professions in...

Are Cheaper Ozempic Knockoffs Safe?

23 Jul 2024

Contributed by Lukas

Cheaper, knockoff versions of Ozempic, Wegovy and Zepbound are flooding the market, often promoted by telehealth companies in online ads and by influe...

Roblox: The Gaming Platform With a Predator Problem

22 Jul 2024

Contributed by Lukas

With tens of millions of users under the age of 13, Roblox has become the biggest online gaming playground for kids. The company says its combination ...

Biden Stepped Down. Will Democratic Donors Step Up?

22 Jul 2024

Contributed by Lukas

Joe Biden’s decision not to run for reelection leaves the Democratic nominee that replaces him with an unprecedented challenge: running a successful...

K-Pop’s Plan for Global Dominance? Remove the K

19 Jul 2024

Contributed by Lukas

Is K-pop even K-pop without the K? A Bloomberg analysis of song lyrics shows that for the first time, almost half of K-pop songs released this year ha...

Silicon Valley’s Shift to the Right

18 Jul 2024

Contributed by Lukas

Republican presidential nominee Donald Trump’s pick of Senator JD Vance as his running mate has many in Silicon Valley rejoicing — they see the fo...

Why This Nobel Winner Faces Life In Prison In Bangladesh

17 Jul 2024

Contributed by Lukas

Nobel Peace Prize-winning economist Muhammad Yunus pioneered micro loans as a tool to fight poverty. Now prosecutors in Bangladesh have linked him and...

Donald Trump Sits Down With Bloomberg Businessweek

16 Jul 2024

Contributed by Lukas

Former President Donald Trump accepted the Republican nomination at the party’s convention this week, just two days after an attempted assassination...

The Trump Shooting Changes Everything About 2024

15 Jul 2024

Contributed by Lukas

On Saturday evening, former President Donald Trump was injured in an assassination attempt during a campaign rally in Pennsylvania. Even in a country ...

Pulling Off a Rare Olympic Feat in Paris: Turning a Profit

12 Jul 2024

Contributed by Lukas

Ever since the first Olympics were held over a century ago, the Games have been known for dazzling sporting feats…and dazzlingly expensive opening c...