Ray Dalio Says US Is Entering Period of ‘Great Turbulence’,...Dubai’s Bankers and Traders Return to a City Contending With War,...Ukraine Says It Hit Two Major Oil Refineries in Russia Overnight

 

U.S. Jobs Rise 115,000 in Strongest Two-Month Gain Since 2024

US employers added more jobs than expected for a second month and the unemployment rate held steady in April, indicating the labor market is holding up.

Markets Wrap

Stocks Rise as Jobs Remain Strong in Wake of War

US Consumer Sentiment Falls to Record Low on Inflation Angst

Here Are the Key Takeaways on the US Jobs Report for April

Canada Loses 112,000 Jobs Over Four Months, Most Since 2021

War With Iran

LatestHormuz ChaosIsrael and Hezbollah

Current Time 1:00

Watch: US-Iran Clashes Near Hormuz Threaten Fragile Peace Talks

U.S. Says Iran Should Give Answer Friday as Clashes Raise Tensions

CO1

1.23%

CL1

0.53%

Related

Iran Seizes Tanker That Appears to Be Carrying Its Own Oil

Iran Turns to China Rail Link to Try to Bypass US Blockade

Aaron M. Sprecher/AP Photo

 

 

 

 

 

 

Hedge Fund Trader ‘Gazumps’ Millennium Again to Join Citadel

After agreeing for the second time to join Millennium Management, macro trader Pablo Duran Steinman has reneged once again.

Related

Brookfield’s Profit Rises on Fundraising, Fee-Paying Asset Gains

Gundlach Takes Longshot Bet in Case of US Debt Restructuring

Nvidia Corp.

 

 

 

 

 

 

 

 

 

 

 

 

 

Exclusive

U.S. Suspects Nvidia Chips Smuggled to Alibaba Via Thailand

A key company behind Thailand’s national AI effort is suspected of helping to smuggle billions of dollars worth of Super Micro servers containing advanced Nvidia chips to China.

Exclusive

SoftBank Cuts Target for OpenAI Margin Loan by 40% to $6 Billion

Bloomberg Opinion

There Will Never Be Another David Attenborough

By Lara Williams, Columnist 

 

 

 

 

 

 

 

How X Is Driving the Politics of Mutually Assured Dysfunction

By Clive Crook, Columnist

Israel’s Victories Aren’t Bringing It Closer to Peace

Editorial Board

Trump Accounts Are a New Way to Redistribute Wealth

By Allison Schrager, Columnist

 

  

 

 

 

 

Hannah Yoon for Bloomberg Businessweek

 

 

 

 

 

 

 

 

The Big Take

America’s Most Infamous Nuclear Site Returns to Fuel the AI Boom

Microsoft’s vast power demands are bringing together two transformative—and risky—technologies.

Tierney L. Cross/The New York Times/Redux

 

 

 

 

 

 

 

 

 

Trump Wants to Make H-1B Workers More Expensive for U.S. Employers

Graeme Sloan/Bloomberg

Virginia’s Top Court Blocks Democrats’ New Congressional Map

The new congressional map approved by voters earlier this year was seen as likely to help Democrats gain additional seats in the US House.

Anthony Scaramucci: My Wall Street Buddies Regret Voting for Trump

Pentagon Releases Declassified UFO Files on Government Website

Canvas Cyberattack Hit Hundreds of Colleges Including Harvard, Princeton

NYC Moves Closer to Enacting Rent Freeze Promised by Mamdani

He Won Over Trump and Musk, Now Intel's CEO Needs Product Wins

Watch

• 

  1:47

  Video:University College London Professor on the Cons of Hiring Consultants

• 

  1:05

  Video:Summer Travel Is a Mess. The Points Guy Tells Us How to Hack It

• 

  2:19

  Video:Online Mob Fuels 6,000% Rally in Obscure SpaceX Rival AST SpaceMobile

• 

  1:12

  Video:Anthony Scaramucci: Wall Street Has Trump Regrets

• 

  1:31

  Video:Why AI Isn’t a Threat to Wall Street Traders Just Yet

• Opinion

  

  1:48

  Video:Are Texas Latinos Turning on Trump?

• 

  1:32

  Video:NASA’s Chief on the Odds Aliens Have Already Found Earth

• 

  0:58

  Video:How NASA’s Chief Plans to Bring Back the Moonwalk

Bloomberg Businessweek

Photographer: Alayna Vance for Bloomberg Businessweek

Business Schools Need Cash. Some Are Counting on Executive Education

Training corporate bigwigs can pay off handsomely—if schools navigate past the obstacles.

By Robb Mandelbaum 

 

 

 

 

 

More from this issue:

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

The Points Guy Has Thoughts on Navigating Summer Travel Chaos

Between high gas prices, TSA mayhem and airlines going under, a staycation might be looking good. Don’t do it, he says.

Salmon Farms on Land Take Aim at a $19 Billion Industry

They could upend the fishing sector—but only if companies can bring the costs down first.

The Messy, Humiliating Courtroom Drama Between Elon Musk and OpenAI

Artificial intelligence companies were already unpopular before the billionaires started fighting in court.

Bloomberg Originals

24:01

The Deal with Alex Rodriguez and Jason Kelly

The Future of Baseball and Softball With AJ Andrews

24:01

Bloomberg Primer

AI Is Pushing Chipmaking to Its Limits

9:27

Why US Troops Are Training in Panama

76:09

Can’t Look Away: The Case Against Social Media

Markets

Odd LotsETFsCryptoDeals

US Navy

Hormuz Woes Seen Lingering Into Second Half, Goldman Poll Shows

Aramco, Adnoc Sneak Oil Through Hormuz as Iran Menaces Strait

Ukraine Says It Hit Two Major Oil Refineries in Russia Overnight

 

 

Industries

SpaceLegalEnergyHealth

Natalie Naccache/Bloomberg

Dubai’s Bankers and Traders Return to a City Contending With War

Porsche Shutters Three Units as New CEO Makes First Job Cuts

Europe’s Chemical Firms Sidestep War Fallout Hitting Asia Rivals

Listen (24:47)

The Deal: AJ Andrews

Newsletter: Retail Monitor

Kraft Heinz Took a Chance By Not Splitting Up. The Move Has Showed Results.

Green

New EnergyGreener LivingESG Investing

Michael Nagle/Bloomberg

New York Prepares to Rollback Ambitious Climate Laws

Governor Kathy Hochul cited soaring energy prices as a reason.

Solar Firm Plans $750 Million Power Grids in Four Africa Nations

New York Readies Rollback From One of the Strictest Climate Laws

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

Mark Felix/Bloomberg

JPMorgan Sees US Grid Failures Hitting Poorest Families Hardest

Mexico to End School 40 Days Earlier Because of Heat, World Cup

Callaway Lifts Outlook on Resilient Demand For Golf Balls, Clubs

Ray Dalio Says US Is Entering Period of ‘Great Turbulence’

Expedia Revenue Beat Shows Middle East Resilience, Eyes World Cup

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

Political cartoons for May 7

 

 

 

Neal Kumar Katyal

 

Rise Up, Sing Out: A Concert for the First Amendment on June 14 NYC

 

 

 

 

 

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