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More Junk in Orbit, . . .Polymarket Wagers on Bank Failures Trigger FDIC Concerns, . . . Former Connecticut Housing Agency Chief Charged With Fraud

 

Eric Lee/Bloomberg

Supreme Court Lets Trump Expand Voter-Verification Database

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Inflation-Weary Alaskans Put Senate Control in Play

Elon Musk PAC Ramps Up Midterms Spending to Help Republicans

Businessweek

Americans Are Going Wild for Minivans

Affordability concerns are contributing to a resurgence for the least cool category of vehicle.

Watch: US, Iran Said to Be Exploring Phased Hormuz Deal

US, Iran Exploring Phased Deal to Open Hormuz

A sequenced deal would be similar to a memorandum of understanding that the countries struck in mid-June.

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2.26%

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Iran-Linked Oil Tankers Seized by Navy Sailing Slowly Toward US

S&P 500 INDEX

7,739.26USD

35.13+0.46%

Markets Wrap

Stocks Climb as Oil Retreats on US-Iran Deal Hopes

Hopes for a diplomatic way to the end the war in Iran drove oil prices lower, fueling a rebound in stocks and easing a selloff in Treasuries that had roiled financial markets around the world.

CL1

2.54%

CO1

2.26%

Welcome to the New Era of Bond Yields at 5%

The Big Take

Bond Yields at 5% Mark New Era ‘Until Something Breaks’

As yields on Treasuries soar past one high after the next, a reality is sinking in deeper across Wall Street and Washington.

Bessent Discussed ‘Desirability’ of Strong Yen With Katayama

Apollo’s Slok Says Fed May Be Overlooking Risk From Diesel Surge

Michael Nagle/Bloomberg

Millennium’s New Cash Raise Draws $30 Billion in Client Demand

Exclusive

Pimco Faces AAA Debt Loss After 85% Writedown of Office Complex

Citadel Hunts for ‘Managers of Machines’ in Quant Hiring Push

Jacquelyn Martin/AP Photo

Trump Says He’ll Meet Xi Twice More This Year as Summit Wraps

Trump’s comments followed a summit in Washington with Xi that was seemingly light on concrete policy outcomes.

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Trump Claims Productive Meeting With Xi But Offers No Details

Major TV Networks Resume Live Coverage of White House After Ban

Chris Ratcliffe/Bloomberg

Anthropic Faces Court Setback on US Supply Chain Risk Label

The Trump administration has been locked in a high-stakes dispute with Anthropic since contract negotiations over the use its technology by the military fell apart earlier this year.

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Microsoft Abandons Personal AI Chatbot Race With Copilot Reboot

Bill Gates Warns AI Powerful Enough to Lead to ‘a Billion Deaths’

Meta Seeks Success Where Others Failed With New AI Lineup

Bloomberg Opinion

Trump and Xi's Empty Summit Is Straight Out of the 1930s

By Andreas Kluth, Columnist 

SpaceX’s Starship Ushers In an Era of More Junk in Orbit

By Thomas Black, Columnist

AI and Crypto Money Is Pouring Into the Midterms. Will It Matter?

By David M. Drucker, Columnist

Vance’s Plan for Stay-at-Home Moms Thinks Too Small

By Abby McCloskey, Columnist

Bloomberg Businessweek

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Going Into Debt Helped Her Go Viral. Now She’s Resolved to Stay in Debt

The co-creator of Debt Heads on financial shame and who profits from Americans’ debt load.

By Stacey Vanek Smith and Max Chafkin

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