Cautious Comeback, Lower Tariffs, Record Missed Car Payments, . .Tax Hike to Fund Business. . . . Bloomberg Clips

  

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Markets Wrap

Tech Giants Fuel Wall Street’s Cautious Comeback

The relief brought by the end of the longest shutdown in American history quickly gave way to volatility.

Burry Shines Spotlight on Accounting Behind Big Tech Profits

US to Lower Tariffs on Swiss Goods to 15% in Breakthrough Deal

OpinionJonathan Levin

What Our Michael Burry Obsession Says About Us

Eric Lee/Bloomberg

Record Missed Car Payments Fuel Angst Over Subprime Auto Lenders

Some subprime auto lenders have already scaled back operations in the face of the tough market conditions.

Watch (4:13)

Tricolor Runs Out of Gas

Spencer Platt/Getty Images

Hochul Mulls Business Tax Hike to Fund Budget, Mamdani Plans

Mamdani, who assumes office in January, has estimated providing free childcare, buses and a slew of other services will cost about $10 billion.

Businessweek

New York’s Golden Handcuffs: Why the City Has a Special Hold on the Rich

Earlier

New Yorkers Face Likely Tax Hikes No Matter Who Becomes Mayor

Bloomberg Opinion

Walmart’s CEO Change Comes at a Dangerous Moment

By Andrea Felsted, Columnist 

 

 

 

 

 

Blue Origin’s Launch Gives SpaceX Some True Competition

By Thomas Black, Columnist

Too Many Kids Can't Read. Blame a Lack of Spelling Tests.

By Abby McCloskey, Columnist

Cyberattacks Are Up. So Why Are US Defenses Down?

Editorial Board

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Howard Lutnick’s Sons Score Record Year as Cantor Denies Trump Conflicts

As it pushes back on suggestions of conflicts of interest, the financial boutique is on track for its most lucrative year ever.

 

 

 

 

 

 

 

 

 

 

Your 2025 Guide to Holiday Prices: Where Tariffs Are Biting and Where They’re Not

From inflated doll prices to deflated airfares, here’s what’s on the “nice” list — and what to reconsider.

Pursuits

100 Luxury Gifts That Blend Nostalgia, Glamour and Holiday Joy

 

 

George Frey/Bloomberg

Purdue Pharma Gets Court Nod for Bankruptcy Exit, Sackler Deal

The decision caps six years of legal wrangling over a multibillion-dollar settlement and liability releases for the opioid manufacturer’s Sackler family owners.

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Biggest NJ Insurer to Pay $100 Million in Whistleblower Suit

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Oracle Credit Derivatives Jump as Traders Rush to Hedge AI Bets

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Reeves’ Latest Reversal Leaves Britain Exposed to Next Crisis

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Newsletter: Game On

The Turbulent, Seven-Year Saga Behind Hit Game ‘Dispatch’

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Money Stuff Podcast: Mouth Noises: 50y, ISS, HF

Newsletter: Going Private

Credit Funds Shun Fast Deals for Safer Returns

Newsletter: Tech In Depth

Delusional Chatbot Users Can Spiral Into a ‘Cult of Two’

Newsletter: Economics Daily

Africa Will Need One Billion Jobs by the End of the Century

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Trump Pivots to Affordability Focus

Bloomberg News Now

Listen to the latest: Trump Seeks Epstein Probe into Dems, US Cuts Swiss Tariffs, More

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Can’t Look Away: The Case Against Social Media

A documentary film explores the real-world consequences of tech companies’ digital practices.

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Goldendoodle at Center of Property Fight Heads to Court-Ordered Auction

The Big Take

One Billion Jobs Hold the Key to the Future of Africa

Businessweek

Inside the Audacious Company Knocking Off Famous Beauty Brands

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Epstein’s Emails Reveal Book Purchases About Trump, Sex, Money and Power

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• AI

  • Oracle Credit Derivatives Jump as Traders Rush to Hedge AI Bets

    
  • European Obesity Stocks Join Healthcare Rally as AI Trade Ebbs

    
  • JPMorgan Sees AI Boom Driving Record $1.8 Trillion Bond Sales in 2026

    
  • Opinion

    Has Passive Investing Grown Too Big to Proxy?

    
  • Walmart CEO Retires, US Head to Lead Retailer Into AI Age

    
• Energy

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• Monetary Policy

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• Crypto

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  • EU Pushes to Centralize Oversight of Region’s Crypto Businesses

    
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• Trade

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  • Reeves’ Latest Reversal Leaves Britain Exposed to Next Crisis

    
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The Case for a Mortgage Policy That Almost Everyone Hates

Donald Trump floated 50-year mortgages as a salve for affordability and was roundly criticized. On this episode, we explore whether he was on to something.

By Max Chafkin and Stacey Vanek Smith

More from this issue:

Inside Gavin Newsom's Plan for Taking On TrumpWhat Really Happened in the Storm Clouds Over Dubai?Some Smart People Are Saying AI Is in a Bubble

The Quiet Kingmaker Slipping Beauty Brands Into Your Hotel Shower

Hunter Amenities matches up amenities brands with hotels, airlines and gyms.

Big Tech’s Dominance Depends on Our Laziness

Facebook, Google, Amazon and other platforms have invested heavily in creating convenience cocoons that make switching to competitors feel like too much of a heavy lift.

How to Not Drown Under All Your Parents’ Stuff

Sorting a lifetime’s worth of someone else’s belongings can be incredibly daunting. Here's where to start.

Markets

Odd LotsETFsCryptoDeals

Gabby Jones/Bloomberg

BlackRock Fund Offered on Binance Marks Shift in Crypto Plumbing

Ecopetrol to Avoid Asset Freeze in $3 Billion Tax Dispute

Mexico’s Pension Giants Eye Private Equity, Alternative Markets

Listen (47:28)

Odd Lots: AI Is Like Every Bubble All Rolled Into One

Newsletter: Markets Daily

Momentum Stocks Are Going in Reverse as Rate-Cut Outlook Dims

Odd Lots

AI Is Like Every Bubble All Rolled Into One

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Cliff Asness on How Markets Got Dumber in the Last 10 Years

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Odd Lots

Neumann on Why AI Will Not Make You Rich

Listen: 48:27

Odd Lots

How Chinese Real Estate Became a Huge Bubble

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