CHURNING TERMINAL: Risk of Boom-and-Bust 40% Decline, . .Bitcoin and Gold Part Ways, . .Europe Is Heading Toward Budgetary Ruin, . .The AI Bubble Has Sucked in France and Germany, Too

 

Jennah Haque, Raeedah Wahid/Bloomberg

Mamdani’s Historic Win Sets Up Fight With White House

The democratic socialist rode a massive turnout to win more than 50% of votes.

Can Mamdani Win Over Wall Street?

NYC’s Mamdani Names Ex-FTC Chief Lina Khan to Transition Team

Analysis

Mamdani’s Promises Are on a Collision Course With Fiscal Reality

Listen (19:21)

Big Take: How Mamdani Plans to Woo NYC’s 1%

US Government Shutdown

Longest ShutdownFood AidFlight Delays

Elijah Nouvelage/Bloomberg

US to Cut 10% of Flights on Shutdown, Spare International Routes

Trump to Raise Food Benefit Payments After Calculation ‘Error’

Explainer

The US Government Shutdown Is the Longest Ever. Why Does This Keep Happening?

SeongJoon Cho/Bloomberg

 

 

 

 

 

 

 

 

Markets Wrap

Stocks Fall as Fed Doubts Outweigh Strong Earnings

Related

Berkshire Hathaway Plans Yen Bond

U.S. Dollar Faces Risk of Boom-and-Bust 40% Decline, RBC Warns

Kent Nishimura/Bloomberg

 

 

 

 

 

 

 

 

 

Supreme Court’s Skepticism of Trump’s Tariffs Means Uncertainty Reigns

Analysis

Key Takeaways From the US Supreme Court Hearing on Trump Tariffs

Bloomberg Opinion

Bitcoin and Gold Part Ways — Which Is Bad for Big Tech

There may be a silver lining in the month-long plunge to $100,000.

By John Authers and Richard Abbey, Columnists 

 

 

 

 

 

 

The AI Bubble Has Sucked in France and Germany, Too

By Lionel Laurent, Columnist

Europe Is Heading Toward Budgetary Ruin

By Max Hastings, Columnist

Can AI Help Us Understand Skibidi Toilet?

By Catherine Thorbecke, Columnist

TuSimple

 

 

 

 

 

 

Saga of Chinese Trucking Firm Exposes U.S. National Security Gaps

American officials thought they’d secured a deal with TuSimple to protect autonomous-driving technology. It didn’t work. 

22:34

Watch: Inside the Deaths That Rocked India's Relations With the West

The Big Take

The Attacks on Sikh Separatists That Rocked India’s Relations With the West

The inside story of how two alleged murder plots brought India, the US and Canada to a diplomatic crisis.

The AI Race

Bubble FearsAGI ExplainedCircular Deals

Josh Edelson/Bloomberg

Exclusive

Sequoia Plans for More AI, Less Partisanship Under Grady and Lin

Exclusive

SoftBank Said to Have Weighed Potential Takeover of Marvell

Exclusive

Apple Nears $1 Billion-a Year Deal to Use Google AI for Siri

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Dmitry Shevelenko on Perplexity's Vision for Reshaping the Internet

8 min

Thai King to Pay ‘Historic’ Visit to China, Marking 50-Year Ties

20 min

Turkey to Hold New Talks With Lockheed Over F-16 Costs

28 min

Nissan Vows Better Times Ahead as Carmaker’s Struggles Persist

30 min

Rice Prices in Asia Face More Pressure from Bumper Indian Crop

30 min

Bets on Eastern Europe Pay Off as Forint, Zloty Surge This Year

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In Focus

US StocksNYC Mayoral RaceAppleTrump’s TariffsTrump’s Second TermCrypto

Listen, Watch and Catch Up

Newsletter: Evening Briefing: Americas

High Court Casts Doubt on Basis for Trump’s Trade War

Newsletter: Going Private

Land of the Rising Sun Slowly Warms to Private Credit

Newsletter: Washington Edition

Welcome to the Era of ‘Perpetual Redistricting’ for a Political Edge

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Trumponomics: Rahm Emanuel’s Recipe for America

Listen (28:32)

Zero: COP30’s Hunt to Find $1.3 Trillion for Climate

Listen (19:02)

Big Take Asia: How APEC Coped With the Trump-Xi Circus

Bloomberg News Now

Listen to the latest: BOE Decision Day, AstraZeneca Beats Expectations, More

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‘Grand Theft Auto’ Studio Says Fired Employees Were Leaking Information

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• AI

  • Lloyds Tasks 7,000 Staffers With Testing Out AI Assistant

    
  • The UAE Is Winning the Race to Sequence an Entire Country’s DNA

    
  • Opinion

    The AI Bubble Has Sucked in France and Germany, Too

    
  • Japan’s Ruling Party Eyes $6.5 Billion a Year for Chips, AI

    
  • Sequoia Plans for More AI, Less Partisanship Under Grady and Lin

    
• Monetary Policy

  • Bets on Eastern Europe Pay Off as Forint, Zloty Surge This Year

    
  • Malaysia Holds Key Rate as Growth Proves Resilient to Levies

    
  • Opinion

    Europe Is Heading Toward Budgetary Ruin

    
  • Czech Central Bank to Hold Rates as Poland Diverges With Cut

    
  • Major Japan Union Group Seeks 6% Wage Hike as BOJ Watches

    
• Deals

  • Bankers Said to See Reliance’s Jio Value as High as $170 Billion

    
  • SBI Approves Selling Stake in SBI Funds Management Via IPO

    
  • Zurich Revives $20 Billion Life Asset Sale After First Try Fails

    
  • Chinese Banks Win Over Global Rivals to Finance Starbucks Deal

    
  • Commerzbank Lifts Lending Income Guidance as Profit Misses

 

Bloomberg Businessweek

Christopher Pike for Bloomberg Businessweek

The UAE Is Winning the Race to Sequence an Entire Country’s DNA

With almost all of its citizens’ genes already sequenced in a national database, it’s the test case for an ambitious—and, to some, concerning—approach to public health.

By Mark Bergen and Marissa Newman 

 

 

 

 

 

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

 

 

Trump’s Ballroom and Obama’s Library: Critics Assess Presidential Architecture

An evaluation of Trump’s White House renovation and his predecessor’s “Obamalisk” in Chicago.

 

KPop Demon Hunters Is Netflix’s Biggest Hit Ever. Where Are the Toys?

The good news for fans of the wildly popular animated musical is that they can start buying dolls this month. The bad news is they won’t ship until next year.

Portugal Has Plenty of Tourists. Now It Wants Data Centers

Investment around the town of Sines totals almost 5% of GDP as the country seeks to retool its economy for the 21st century.

Markets

Odd LotsETFsCryptoDeals

Prakash Singh/Bloomberg

Rice Prices in Asia Face More Pressure from Bumper Indian Crop

Bets on Eastern Europe Pay Off as Forint, Zloty Surge This Year

Saudi Small Caps Set to Test IPO Market Amid Valuation Scrutiny

Newsletter: Odd Lots

How Are We Feeling About That Debasement Trade?

Newsletter: Markets Daily

Dip Buyers Are Itching to Hit That Buy Button on Stocks

Odd Lots

San Francisco’s Mayor on Homelessness and AI

Listen: 36:50

Odd Lots

How Hudson River Trading Actually Uses AI

Listen: 55:15

Odd Lots

Why It’s So Costly to Build Homes in America

Listen: 46:10

The Hidden Supply Chain Making Menus Familiar

Technology

AICybersecurityScreentime

Nicolas Axelrod/Bloomberg

Thai King to Pay ‘Historic’ Visit to China, Marking 50-Year Ties

Huawei Debuts Ultrathin iPhone Air Response Priced at $590

AI Won’t End Entry-Level Work

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BT Broadband Customer Losses Disappoint as Competition Grows

14 minutes ago

Worldline Drops on €500 Million Share Sale to Support Turnaround

Wealth

Brazil to Exempt Millions From Tax and Boost Levies on the Rich

Bentley Condo Tower With Car Elevator Lands $630 Million Loan

JPMorgan’s Billionaire Clients Want Sports Teams More Than Fine Art

Koch Real Estate Boosts Stake in Rental Investor Amherst 

 

 

Politics

UKEuropeMiddle EastAsi  a

Government of the Republic of Armenia

Armenia Receives First Freight Cargo via Azerbaijan in Decades

Trump Renews Nigeria Threat, Questions South Africa G20 Role

Reform-Linked Think Tank Pushes for Civil Service, Welfare Cuts

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EU Faces Pressure to Provide Credible Funding Plan for Ukraine

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South Africa Probes How Citizens Ended Up Fighting in Ukraine

Explainers

Trump Is Calling for the ‘Nuclear Option’ to Kill the Filibuster. 

What’s That Mean?

Trump’s Tariffs Face the Supreme Court. Here’s What’s at Stake

How Will Australia’s Social Media Ban for Kids Under 16 Actually Work?

Industries

LegalEnergyHealth

Chris Ratcliffe/Bloomberg

Lloyds Tasks 7,000 Staffers With Testing Out AI Assistant

Indonesia Limits New Nickel Permits to Add Value to Production

Sainsbury’s Lifts Outlook as UK Shoppers Drawn to Promotions

Listen (25:41)

The Deal: Willow Bay

Newsletter: Business of Space

Jeff Bezos’s Big Rocket Faces Critical Test

Green

New EnergyGreener LivingESG Investing

Luke Sharrett/Bloomberg

EU Signals Flexibility on ESG Rules After Threats From Qatar, US

HSBC Says Oil, Gas Deals to Drop ‘Materially’ in Energy Mix

Satellite Hunt for Superpollutant Wins $100 Million New Funding

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Zero: COP30’s Hunt to Find $1.3 Trillion for Climate

Watch (1:45)

An Optimist's Guide to the Planet Trailer

Pursuits

‘Bat Boy’ Returns After 20 Years. Does It Hold a Key to Broadway’s Future?

Five Top Tables: The New York Restaurants to Book This Fall

Audemars Piguet's "Crowning Achievement" Was Thought Lost. Now It's at Auction

The Great British Bake Off Is a Great British Betting Zone

Economics

Inflation & PricesIndicatorsCentral Banks

Krisztian Bocsi/Bloomberg

German Industry Sees Only Partial Rebound With Jump for Cars

Maersk Boosts Global Shipping Outlook as China Exports Surge

Malaysia Holds Key Rate as Growth Proves Resilient to Levies

Newsletter: Economics Daily

Lasting Economic Damage From the Longest Shutdown in US History

Listen (44:38)

Bloomberg Surveillance TV: November 5th, 2025

CityLab

European Commission Sets Goal to Slash Train Times Across the Continent

The Man Reviving Downtown Johannesburg One Building at a Time

Ken Griffin Tells NYC’s Mamdani to Veer From His Talking Points

NYC Gets 12-Minute Helicopter for Suburbanites Avoiding Gridlock

 Work & Life

Management & WorkEqualityBusiness of Sports

Patrick Smith/Getty Images

World Series Scores 51 Million Viewers in U.S, Canada, Japan

 

Billionaire Yass Gives $100 Million to ‘Free-Speech’ College

NBA’s Spurs Seal $311 Million Subsidy for New Arena After 

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US Fund Monarch Collective Makes First Deal in European Football

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Stiglitz Declares an ‘Inequality Emergency’ in G-20 Report