Memes, Flubs, Trump Dramas, . .Bubble Beware

 

Brutal Year for Stock Picking Spurs Trillion-Dollar Fund Exodus

Active equity mutual funds saw net outflows for an 11th straight year.

 

Zelenskiy, Trump Set to Meet as Russia Questions Peace Plan

The latest comments from Moscow raise doubts about how close a final agreement ending the war really is.

After Trump Strike on Terrorists, Nigeria Says Open to More

Gold and Silver Smash Records Again as Rally Gathers Momentum

Illustration: Haozhe Li for Bloomberg

 

 

 

 

 

 

 

 

 

 

 

 

 

Weekend Essay

The Quiet Liberation of Living With Less Clutter

By Rosalind Mathieson 

 

 

Dispatch | Pursuits

The Luxury Vacation Is No Longer About Escaping Your Children

Dispatch

The New Psychedelics: One Dose, Eight Hours, a Therapist on Standby

Weekend Essay

Skip a New Year’s Resolution and Make Jan. 2 ‘Defaults Day’ Instead

Weekend Essay

What Happens When We Insist on Optimizing Fun?

Quants, bots and now AI are changing how we play, watch, travel and connect — even for those of us who think we’re immune.

Pursuits

This Was the Year Mid-Tier Gossip Came Surging Back

Politics has never felt more driven by personality conflicts and alignments. As a result, our culture has come to crave a different kind of dish.

Businessweek

The United States of Klarna

Want to understand the state of the economy? Just look to all the shoppers flocking to “buy now, pay later” services.

18:41

 

 

 

 

 

Tesla’s Dangerous Doors

22:46

 

 

 

 

 

Where Disney Is Heading In Its Next Century

9:20

 

 

 

 

 

How Warren Buffett Changed Investing Forever

31:21

North Korea’s Hidden Remote IT Scheme

10:54

Can France Fix Its Debt Problem?

14:35

China’s Controversial $167 Billion Mega-Dam

Bloomberg Opinion

Investors Are Flying Blind Into the ‘Golden Age’

By Clive Crook, Columnist 

 

 

 

 

 

 

 

2025 Turned Trump’s Biggest Strength Against Him

By Ronald Brownstein, Columnist

Five Reasons to Be Optimistic About the 2026 Economy

By Allison Schrager, Columnist

Why AI Could Make Human Jazz Popular Again

By Jonathan Levin, Columnist

Michael Nagle/Bloomberg

 

 

 

 

 

 

Flights Canceled, Roads Closed as Storms Snarl US Travel

Major storms on both US coasts and into the upper Midwest are disrupting travel plans during the busy post-holiday period.

Jorge Cabrera/Getty Images

 

 

 

 

 

 

 

 

 

 

 

 

 

The Big Take

Erasing the Verdict: The Ongoing Shock of Trump’s Cocaine Kingpin Pardon

Trump’s pardon of Juan Orlando Hernández toppled the capstone of one of the most ambitious narcotics investigations in the history of the U.S. Department of Justice.

 

 

 

Bloomberg Businessweek

Photo illustration by 731 Getty Images (6)

The Memes, Flubs and Trump Dramas That Dominated 2025

In this episode of Everybody’s Business, our favorite podcast hosts discuss the biggest stories of the year and play “Who is Donald Trump talking about?”

By Max Chafkin and Stacey Vanek Smith 

 

 

 

 

  

 

More from this issue:

How to Survive 2026Oracle Has a Lot Riding on AI InfrastructureHow Trump Forged a Memecoin Fortune

 

 

 

The Big Take

China’s EV Battery Giant Is Trying to Find a New Road

CATL flooded the domestic market with inexpensive, efficient batteries. It wants to do the same overseas, but European politicians—and Donald Trump—stand in its way.

Trump Loves Trade Schools. So Why Does He Want to Defund Them?

Proposed federal cuts could slash Pell grants, work-study, and support programs for low-income students.

Tariffs Unravel India’s Dream of Challenging China in Toymaking

An Indian manufacturer got big contracts with Mattel and Hasbro. Then Trump bumped levies to 50%.

Markets

Odd LotsETFsCryptoDeals

Al Drago/Bloomberg

Fed Data Show December Surge in 10-Year Treasury Delivery Fails

Dollar Caps Worst Week Since June With Focus on Data Ahead

Stocks End Near Record High as Nvidia Gains on AI Licensing Deal

Listen (48:00)

Bloomberg Wall Street Week: December 26th, 2025

Newsletter: Markets Daily

Yen Bears Are Everywhere as Currency Heads Toward 160 Per Dollar

 

Markets Magazine

Julian Stewart/FaceUpTV

Amateur Traders Chase Elusive Profits in Simulated Markets

Customers complain about high fees and the slim chance of payouts. Companies say they offer valuable experience.

By Alice Atkins

 

 

 

 

 

More from this issue:

The Hedge Fund That Hides Secrets on the Office WallsNative American Tribes Fight Sports Betting RivalsMorgan Stanley’s Mike Wilson on Contrarian Calls And Conviction

The Games Wall Street Plays Have Taught Them How to Win

Finance experts talk about what they learned from poker, chess, puzzles and more.

The Big Take

Why It’s Harder to Tell Gambling From Investing Nowadays

With a tap on your phone, bet on football, elections and the price a stock will hit just hours from now.

Midnight Madness New York Puzzle Hunt Draws Finance Pros

Midnight Madness players compete for brainy glory in a series of intricate challenges.