Falling Trust in Amerca, . . Opposition Outreach to Xi, . . .Fund Managers Are Calmer Than You Might Expect

        

 

S&P 500 Closes Near Record

6,967.38USD

81.14+1.18%

Markets Wrap

Asian Stocks to Track US Rally on Iran Peace Push

Stocks in Asia are set to open higher after the S&P 500 rallied to near a fresh record.

US, Iran Seek More Ceasefire Talks as Blockade Stops Ships

Israel Hails Lebanon Talks Despite Slim Odds of Breakthrough

Wall Street Investors Block Out Market Volatility Triggered by War

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Big Take: The Logic Behind the Hormuz Blockade

US Bank Earnings

JPMorganWells FargoCiti

Global Turmoil Helps Bank Traders Set Records While Pressuring Other Businesses

Executives warned that an extended war in Iran risks blunting deal activity and the conflict has already sent gas prices ever higher.

Related

Banks Tally $100 Billion of Private-Credit Loans as Calm Urged

Blue Owl Snaps Up Stake in Financial-Services Manager BlackFin

Tax Season

‘Tax Alpha’ TradesAI for Tax PrepNew Tax Breaks

Illustrations by Millie Von Platen

The Salary Penalty: Why Trump’s Tax Bill Hits a Banker Harder Than a Plumber

NJ Lawmaker Seeks to Lift SALT Cap to $80,800 for Married Filers

Property Mogul Targets Top Texas Finance Job With Anti-Tax Pitch

 

Green

New EnergyGreener LivingESG Investing

Cayce Clifford

Caterpillar Acquires Self-Driving Electric Tractor Startup

Monarch is one of a growing number of green companies struggling to commercialize their technology.

New York to Select Site for New Nuclear Power Plant This Year

NYC, Washington Brace for Record Heat, Power Demand Set to Rise

 

 

Bloomberg Businessweek

Jared Siskin/Getty Images

Unilever Bets Big on Gummies as Next Frontier in Wellness

The company’s billion-plus-dollar Grüns acquisition comes as consumers shun packaged food and swoon over supplements.

By Deena Shanker 

 

 

 

 

 

 

 

Bloomberg Opinion

JPMorgan’s Bond Traders Just Taught Goldman a Lesson

By Paul J. Davies, Columnist 

 

 

 

 

 

 

 

China’s Sneaker Wars Are Just Kicking Off

By Juliana Liu, Columnist

Banks Aren’t Worried About Private Credit

By Matt Levine, Columnist

Vance Is the Loser of the Trump-Pope Feud

By Nia-Malika Henderson, Columnist

Chris Graythen/Getty Images

 

 

 

 

 

 

California Billionaires Rally Behind Matt Mahan for Governor After Swalwell Exit

Donors are are pouring millions into San Jose Mayor Matt Mahan’s campaign in a last-ditch effort to revive his struggling bid.

Swalwell, Gonzales Officially Resign From Congress After Allegations

Prashanth Vishwanathan/Bloomberg

The Big Take

 

 

 

 

 

 

 

 

China’s Control Over Tech Is Threatening India’s Manufacturing Dreams

India’s biggest companies are struggling to break Beijing’s grip on production of batteries, EVs and critical minerals.

Bessent Says Trump’s Tariff Rates Could Be Restored by July

The AI Race

The Iran War and AIBorrowing BoomBonanza or Bubble?

Gabby Jones/Bloomberg

OpenAI Releases Cyber Model to Limited Group in Race With Mythos

Anthropic Wins Accolades From Canada’s AI Minister Over Mythos Approach

Exclusive

US Treasury Seeking Access to Anthropic’s Mythos to Find Flaws

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Regions

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• Africa

  • Kenya Hikes Gasoline Pump Prices Sharply on Iran War

    
  • South Africa’s Ramaphosa Set to Tap Apartheid-Era Negotiator as Next US Envoy

    
  • I Was ‘Madame Due Process,’ Ex-OPEC Head Says At Bribery Trial

    
  • Adnoc in Advanced Talks to Buy Shell’s South Africa Gas Stations

    
  • Iran War Lifts Africa Debt Costs That Have Surged Since Pandemic

    
• Energy

  • Gold Holds Gain as Renewed Push for US-Iran Talks Eases Risks

    
  • Asian Stocks to Track US Rally on Iran Peace Push: Markets Wrap

    
  • Oil Steadies After Slumping on Moves to Restart US-Iran Talks

    
  • Canadian Energy Firms to Pay Debt, Shareholders Amid Price Surge

    
  • Permit-Backlog for Dozens of US Wind Farms Grows at Pentagon

    
• AI

  • Anthropic Wins Accolades From Canada’s AI Minister Over Mythos Approach

    
  • AI Chatbots Give Misleading Medical Advice 50% of the Time, Study Finds

    
  • Meta, Broadcom Deepen Ties on Chips; Tan Departs Meta Board
  • Pentagon Contract Will Give Military Pilots Access to More AI

    
  • Lumen CEO Says AI Bots Are Taking Over the Internet

Technology

AICybersecurityScreentime

Andrew Harrer/Bloomberg

AI Chatbots Give Misleading Medical Advice 50% of the Time, Study Finds

Amazon-Globalstar Deal Is Poised to Boost Apple’s Satellite Ambitions

Lumen CEO Says AI Bots Are Taking Over the Internet

Newsletter: Power On

Apple Pivots Its AI Strategy to App Store, Search-Like Platform Approach

Newsletter: Tech In Depth

Alibaba Just Took the Crown of Video Generation

Wealth

Ken Burns’ Alma Mater Hampshire to Close Amid Higher-Ed Woes

Fund Managers Are Calmer Than You Might Expect

Citi Veterans Join Billionaire-Backed EFG in London Wealth Push

Wealthy Middle East Residents Are House-Hunting in Europe to Escape War

Politics

UKEuropeMiddle EastAsia

Xie Huanchi/Xinhua/Getty Images

Taiwan Resumes Defense Debate After Opposition Outreach to Xi

Senate Prepared for Any Supreme Court Opening, Grassley Says

Pentagon Contract Will Give Military Pilots Access to More AI

Thune to Press Fractious GOP to Back Narrow DHS Funding Plan

Permit-Backlog for Dozens of US Wind Farms Grows at Pentagon

Markets Magazine

Rob Vargas for Bloomberg Markets

Falling Trust in America Is a Pandora’s Box for the Global Economy

Donald Trump has upended the old international order, but nations and investors alike are still anchored to the US for now.

By Saleha Mohsin

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