China Asks Banks to Pause New Loans to US-Sanctioned Refiners,...Gundlach Warns Investors Will Lose Money on Private Credit,...Japan Has All Fronts in Sight in Response to Yen Speculation

        

 

Watch: Iran Evaluating US Proposal as Trump Warns of ‘Bombing’

U.S., Iran Weigh Potential Deal as Trump Seeks Way Out of War

Washington’s one-page memorandum of understanding will, if Iran accepts it, lead to the gradual reopening of the Strait of Hormuz and lifting of the American blockade on Iranian ports.

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China Asks Banks to Pause New Loans to US-Sanctioned Refiners

Markets Wrap

Asian Stocks Rise on Japan as Iran Optimism Builds

Analysis

Iran Seeks an Edge as Diplomacy Builds Toward Possible War Deal

David Paul Morris/Bloomberg

Arm Warns of Phone Market Weakness, With AI Helping Offset Slump

DoorDash Shares Jump on Order Forecast That Tops Estimates

Snap Falls After Saying Advertising Revenue Buffeted by War

Joseph Prezioso/AFP/Getty Images

 

 

 

 

 

 

Elite M&A Lawyers Fed Massive Insider-Trading Ring, U.S. Says

Lawyers from top mergers and acquisitions firms provided tips on some of the biggest deals of the last decade to an insider trading ring that made tens of millions of dollars in illegal profits.

Kyle Grillot/Bloomberg

 

 

 

 

 

 

 

 

 

Gundlach Warns Investors Will Lose Money on Private Credit

The products have been “kept opaque and not granularly described,” he said. “That’s why everybody wants their money back.”

Newsletter: Businessweek Daily

Private Credit Introspection and AI Dreaming at the Milken Conference

Bloomberg Opinion

Timothée Chalamet Is Officially on Team Adidas

In a flashy new trailer, the actor teams up with soccer all-stars to champion the brand ahead of the World Cup. It couldn't arrive at a worse time for Nike.

By Jessica Karl, Columnist 

 

 

 

 

  

ChatGPT Can’t Pick the Stocks

By Matt Levine, Columnist

Buffett’s Big Bets Will Haunt the Abel Era at Berkshire

By Nir Kaissar, Columnist

The DOJ Is Breaking Its Own Rules to Litigate in the Media

By Barbara McQuade, Columnist

 

 

 

 

Roberto Machado Noa/LightRocket/Getty Images

 

 

 

 

 

 

Fried Chicken Tender Too Small? Popeyes Vows It Won’t Happen

The chain is getting stricter with suppliers to ensure tenders meet a standard size requirement.

Frozen TV Dinners Get a High-Protein Makeover for the GLP-1 Era

Stefani Reynolds/Bloomberg

 

 

 

 

 

 

 

 

 

 

 

 

 

The Big Take

Pentagon’s Botched Blacklist Highlights Frail Trump-Xi Truce

A mishandled blacklisting of tech giants Alibaba and Baidu gives a rare window into an administration often at odds with itself on how to approach Beijing.

Related

Meta-Backed Scale AI Wins $500 Million Defense Department Deal

Anthropic Signs Computing Deal With SpaceX to Meet AI Demand

Travel

Travel Insurance GuideSummer Flights ThreatenedHard to Use Miles

Fadel Itani/Getty Images

Is Travel Insurance Worth It? What to Know About Costs, Cancellations, Coverage

Many of the complications affecting travelers in 2026 aren’t covered by standard insurance policies. Here’s an explainer to help you navigate your options amid unprecedented uncertainty.

Judge Says DOJ Can Keep Georgia Ballots Seized in Vote Probe

Musk Weighed Offering Altman Tesla Board Seat, Jury Told

Blue Owl BDCs Buy Back $85 Million of Shares as Loan Values Sink

Ted Turner Leaves Legacy of Vast Acreage He Pledged to Conserve

Bloomberg Businessweek

André Derainne for Bloomberg Businessweek

How Trump Has Made the Doctor Shortage Worse

The administration is backing off one part of its sweeping immigration crackdown on overseas physicians, but applicants worry it may be too late to meet the critical residency and fellowship start date on July 1.

By Suzanne Sataline 

 

 

 

 

More from this issue:

What It Takes to Land Your First Job TodayRed Lobster’s Last GaspTrump’s ‘Fake News’ Enforcer

 

How Trump’s $12 Billion Stash of Critical Minerals Risks Distorting Markets

The planned Project Vault stockpile aims to ensure supplies of rare earths and other strategic elements, but it could upend markets instead.

 

A Fight Over Dirt in Utah Hints at the Future of America’s Public Lands

As the Trump administration prepares to move the US Forest Service to Utah, it’s been opening the door for unprecedented control by state and local governments—and use by industry.

How Corporations Use the Texas Two-Step to Avoid Asbestos Lawsuits

Companies facing litigation are placing liabilities linked to the mineral into new units and declaring bankruptcy. Claimants are pushing back.

Politics

UKEuropeMiddle EastAsia

New York State Sex Offender Registry

Jeffrey Epstein’s Purported Suicide Note Released by US Court

AI Super PACs Are Improperly Hiding Payments, FEC Complaint Says

New Zealand Eyes Japan, UK Warships as Frigate Replacements

Israeli Army Carries Out First Strike on Beirut Since Ceasefire

Congo President Says He’d Run for Extra Term If Voters Want

Economics

Inflation & PricesIndicatorsCentral Banks

Toru Hanai/Bloomberg

Japan Has All Fronts in Sight in Response to Yen Speculation

Malaysia Set to Hold Rate as Energy Crisis Yet to Lift Inflation

Fed’s Goolsbee Sounds Warning on Inflation, Consumer Behavior

Newsletter: Economics Daily

Mnuchin Says There Is No ‘Break-the-Glass’ Solution for US Borrowing

Listen (20:17)

Bloomberg Surveillance TV: May 6th, 2026

Industries

SpaceLegalEnergyHealth

Anthony Kwan/Bloomberg

Li Ka-shing Plans More Telecom Sales in ‘Cash Is King’ Strategy

GameStop’s Cohen Says He’s Selling on eBay to Help Fund Takeover

Australia Approves Offshore Gas Project to Bolster Local Supply

Listen (24:47)

The Deal: AJ Andrews

Newsletter: Business of Space

SpaceX Has a Stranglehold on Launches as Competitors Flounder

Green

New EnergyGreener LivingESG Investing

Luke Sharrett/Bloomberg

U.S. Considers Tapping Oil Under Military Bases to Refill Reserve

Microsoft Reconsiders Clean-Energy Pledge Made Harder by AI

Microsoft in Talks to Ax Energy Pledge Amid Data Center Boom

Listen (33:57)

Zero: Iran War Boosts Clean Energy’s Security Benefits

Watch (1:45)

An Optimist's Guide to the Planet Trailer

Work & Life

Management & WorkEqualityBusiness of Sports

Shelby Tauber/Bloomberg

FCC’s Carr Says Sports-TV Inquiry May Not Lead to Any Action

Bruin Capital Bets on Sports Tech, Not Teams, in Global Strategy

DOJ Says UCLA Medical School Selected Students Based on Race

Bowling Operator Lucky Strike Cuts Outlook as War Weighs on Consumers

Luxury Watches Reseller Chrono24 Names a New CEO in Shake Up

Markets Magazine

Fred Ramos/Bloomberg

Illegal Lotteries Are Beating Governments at Their Own Game

Nimble new rivals are threatening official sweepstakes, and charities are losing out.

By Maya Averbuch and Michael D McDonald 

 

 

 

 

 

More from this issue:

The Portfolio StatePrivate Credit Turmoil Has Retail Investors Eyeing the ExitsGrad Students Face Costly Private Loans After Federal Cuts 

 

Mumbai’s Skyline Is Soaring. So Is the Pressure on Housing

As global businesses pour into India’s financial capital, millions of low-income residents face redevelopment deals that will determine whether they can stay.

 

 

The Big Take

Electric Bills Stoke Voter Fury Ahead of Midterms

Voters across the US are angry about rising energy costs, making the price of electricity an unusual force in high-stakes midterm elections for the first time ever.

Combative Mexican Billionaire Fights His Debts and Sheinbaum

With echoes of Trump, Salinas challenges his tax bills, uses tough court tactics and flirts with the presidency.

Explainers

How Local UK Elections Could Decide Starmer’s Fate

How the UK’s Fragmented Politics Are Reshaping Policy Agenda

End Quarterly Earnings Reports? Here’s the Debate

How the Strait of Hormuz Has Become a Weapon of War

How To

How to Maximize Your Roth IRA — and Retire Rich

The 3 Best Ways to Give Your Kid Real Estate — and What Not to Do

How to Improve Your Credit Score

A Retirement Guide for Volatile Times

Stories for You

US Has Opened a Passage Through Hormuz, Central Command Says

DOJ Plans Intervention in Trump Supreme Court Carroll Appeal