Economics
Europe Sees Deeper Slump in New Warning on Uneven Virus Hit
Economics
BOJ Likely tp Stand Pat, Keep Outlook Mostly Unchanged
Politics
U.K. Support for 12.1 Million Jobs Adds to Pressure on Sunak
Politics
Paris Club Tells Zimbabwe to Improve Human Rights to Win Relief
Economics
Pandemic Exacerbates Inequality as Vulnerable Workers Bear Brunt
Politics
Russia Space Agency Says Adviser to CEO Detained for Treason
Tech
Why Europe's in Better Shape Than the U.S.
Opinion
Teresa Ghilarducci
The Covid Recession Offers a Chance to Save Money
This pandemic could be a once in a lifetime break in your spending habits, and a breakthrough for your saving habits. As people hunkered down, spending fell drastically for restaurants, hotels and airfares
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Justin Fox
There’s Still a Gaping Hole in the Economy
une was another big month for job growth as employers called back workers from coronavirus-induced layoffs. As a resurgence of the disease in the U.S. raises lots of questions about whether the growth can continue
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Shuli Ren
Wirecard Is a Wild Card, Even Without SoftBank Money
What’s more perplexing, a company that can’t seem to avoid due diligence failures, or one that throws its name behind a controversial partner without putting in a dime? Investors in SoftBank Group Corp. may have seen a bit of both
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Andreas Kluth
This Is Angela Merkel’s Swan Song as Leader
Covid-19 is a crucible of leadership. Some people are failing this test — the presidents of Brazil, Russia and the U.S. spring to mind. Others are passing it with flying colors, notably the leaders of New Zealand, Denmark and Taiwan.
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Julian Lee
Trump’s Inaction Makes Oil Market Management Harder
The unprecedented OPEC+ deal in April, which led to drastic output cuts, is now entering its most dangerous phase, with oil demand and prices recovering. At the time, President Donald Trump claimed credit for the breakthrough, even though the U.S...
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Tara Lachapelle
SoftBank's Son Hawks a Hot Stock for Cool Cash
As Japan’s SoftBank Group Corp. unloads about 200 million shares of T-Mobile US Inc., more investors get a chance to own a top-performing stock that had been hogged by insiders. SoftBank’s fire sale isn’t a knock on T-Mobile,
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The Editors
What the Next Stimulus Should Look Like
So far, the U.S. economic-policy response to the coronavirus crisis has been impressive. Nobody could accuse Congress and the Federal Reserve of being timid about supporting output and employment.
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Mark Gilbert
If U.S. Stocks Are a Bubble, They’re Hardly Alone
Many of the world’s leading investors are concerned that the recent gains in the U.S. stock market are overdone, given the uncertain economic outlook and the risks of a second wave of the Covid-19 virus
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Noah Smith
Fear of Infection Hurt the Economy More Than Lockdowns
Until recently, it seemed like the contentious debate over lockdowns was over. By the end of May, many states were defying the warnings of public-health experts, reopening restaurants, retail and public spaces
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Noah Feldman
Trump Lawsuit Against John Bolton Is Beyond Frivolous
President Donald Trump’s administration is suing former national security adviser John Bolton in a last-ditch effort to block publication of his forthcoming memoir, which contains damaging allegations about Trump’s attempts to get China’s President Xi
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Marcus Ashworth and Elisa Martinuzzi
Europe Is in Danger of Another Sovereign Debt Doom Loop
The European Union has been relaxing its rule book for banks — painstakingly built up in the decade or so since the financial crisis — as it tries to manage the impact of coronavirus. Unfortunately, the move might create big problems if economic....
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Mohamed A. El-Erian
Stock Exuberance Poses Risk to Broader Economy
A wild week for U.S. stock market indexes was accompanied by some eye-popping moves in individual listings, several of which were apparently driven by retail investors and lacked easy explanations other than exuberance.
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Marcus Ashworth
Bond Issuers Are Living in the Land of Milk and Honey
uropean sovereign debt issuers are in the land of milk and honey, racing to get as much as possible of this year’s issuance completed before the summer lull. With so much monetary stimulus sloshing about , governments even have an eye on getting ahead ....
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Shuli Ren
China Is Killing Its Bond Bull to Save Main Street
ou’ve got to feel for central bankers. Their hearts are in the right place, with all these efforts to help Main Street businesses weather a bad economy. But their largesse often ends up on Wall Street, in the pockets of traders and big corporate treasurers
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Nir Kaissar
Stock Market Has Almost Always Ignored the Economy
The S&P 500 Index has surged 45% since it last bottomed on March 23 through Monday, based on closing prices. It’s up 8% since protests began on May 27 in response to the death of George Floyd in police custody in Minneapolis
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Stephen Roach
A Crash in the Dollar Is Coming
he era of the U.S. dollar’s “exorbitant privilege” as the world’s primary reserve currency is coming to an end. Then French Finance Minister Valery Giscard d’Estaing coined that phrase in the 1960s largely out of frustration, bemoaning a U.S
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Justin Fox
There Are Two Recessions, Not One
Of the 21.4 million nonfarm payroll jobs that disappeared in the U.S. from mid-February to mid-April, 17.6 million, or 86%, were in the six lowest-paid (as measured by average weekly wages in February) of the 11 supersectors
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Conor Sen
Big Job Gains Are Coming, But Not Yet and Not Enough
The economic disruption caused by the coronavirus has led to huge questions about what the employment situation in the U.S. will look like in a few months, let alone in the next year or so
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Barry Ritholtz
Gold Is On the Rise Along With Unemployment
The pandemic has changed the state of the economy and with it the most attractive risk assets, according to this week's guest on Masters in Business, economist David Rosenberg. He expects rates to remain very low for as far as the eye can see
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Noah Smith
The U.S. Gets Serious About Catching Up to China in R&D
For a few years now, commentators (including myself) have been calling for a big boost in research spending by the U.S. federal government. In their book “Jump-Starting America: How Breakthrough Science Can Revive Economic Growth and the American Dream,”
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Brian Chappatta
$1 Trillion of Corporate Bonds Today, Downgrades Tomorrow
The amount of new debt issued this year in the U.S. investment-grade corporate bond market will reach $1 trillion today, by far the fastest pace in history. The implications of that milestone depend on how you look at it.
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Liam Denning
Covid-19 Blows a $400 Billion Hole in Global Energy
ovid-19 has blown a $400 billion hole in global energy. How we fix it will determine our success or failure versus that other implacable force of nature: climate change
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Brian Chappatta
Bank Stocks Are Either Cheap or Signal More Pain
Something strange happened in the U.S. stock market on Tuesday. No, it wasn’t that the S&P 500 crossed 3,000 for the first time in almost three months, generating a yelp of joy from the White House and groans from Wall Street veterans
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Julian Lee
The World's Smartest Oil Traders Have Taken to the Seas
The waters off the South African oil storage terminal at Saldanha Bay are getting busy. A small flotilla of tankers full of crude is idling near the busy shipping lanes that link the Atlantic and Pacific Oceans.
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Andy Mukherjee
China's Crypto Is All About Tracing — and Power
he coronavirus has disrupted the world in very large ways. While that battle has been waged, however, another event has almost been missed: the birth of a new kind of fiat currency, which could forever reshape the relationship between money, economic power
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Marcus Ashworth
Germany and France Move Closer to a Euro Bond
Make it quick and keep it simple. That seems to have been the thinking behind Emmanuel Macron’s and Angela Merkel’s surprise master plan for a 500 billion-euro ($543 billion) Covid-19 recovery fund, to be paid for collectively by the European Union
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Shuli Ren
Why Indonesia's QE Is Terrifying
Now that the world’s largest central banks are buying trillions of dollars of bonds, emerging markets reckon they can experiment, too. From Colombia to South Africa, developing nations are launching their own quantitative easing programs
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Julian Lee
U.S. Oil Companies Line Up With Russia, Saudi Arabia
American oil producers have cut much more output than you think. Their reaction to market forces has been bigger than official data suggest, and that means the U.S. is actually working alongside Saudi Arabia, Russia and other big oil producers
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Cathy O'Neil
Meet the Covid Models That Are Running the World
The coronavirus pandemic has thrust mathematical models into a leading role in human affairs. Their predictions are literally a matter of life and death, driving decisions on equipping hospitals
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David Fickling
The WTO Is Dead. Long Live the WTO
Many of the world’s multilateral organizations have the longevity of nation states. The International Telecommunication Union is older than Germany. The World Intellectual Property Organization directly descends from a body Victor Hugo helped to establish.
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Timothy L. O'Brien
Covid-19 Will Sicken the Housing Market Until the Pandemic Lifts
Bill McBride is a trained chemist and self-deprecating data junkie who is publicity-shy. For years he blogged anonymously, eventually outing himself only so he could praise a deceased co-writer in an interview with a reporter.
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Therese Raphael
Stay Alert? Boris Johnson’s Reopening Strategy Confuses Britain
Boris Johnson’s much-anticipated address to the nation Sunday night left many feeling unsatisfied, and others infuriated. For a political team that has often used pithy slogans to devastating effect, the new one unveiled to guide the Britain out of...
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Liam Denning and Nathaniel Bullard
Negative Oil Is Positive for Clean Power
One word explains oil’s recent crash to negative prices: inertia. Those barrels in the pipeline, and the forces that put them there, don’t respond quickly to sudden change.
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Shuli Ren
Crazy Trading on China's Nasdaq Has Its Own Logic
Old habits die hard. China’s Nasdaq-like ChiNext board has staged a comeback this year, rallying 17% to trade at an average of — yes, really — 70 times earnings. Is this misguided enthusiasm by an investor base that infamously engineered a stomach-churning
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Shuli Ren
Buyers’ Remorse Is Catching in the Coronavirus Era
Dealmakers, listen up. If you’re looking to close a transaction, make sure you read the contract terms even more carefully than usual. Buyer’s remorse is spreading in the coronavirus era.
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Brian Chappatta
Leveraged-Loan Investors Let Companies Take the Wheel
Last week, Moody’s Investors Service published its quarterly report on covenant quality in leveraged loans. As usual, it painted a grim picture, with deals in the final three months of 2019 offering the worst investor protections ever seen
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Julian Lee
Oil's Recovery Could Take Decades, Not Years
Who knows what the new normal for oil demand will be once Covid-19 is firmly in the rear view mirror? Not me, that's for sure. But it is likely to be lower than it was in 2019, and it could be that way for many years.
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Gary Shilling
Stock Traders Should Heed the Lessons of the 1930s
Don’t be fooled by the recent rebound in stocks; the investment scene is beginning to resemble the 1929 market crash and the early 1930s Great Depression.
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Brooke Sutherland
Boeing and GE Stare Down an Aerospace Apocalypse
The coronavirus hit to the aviation business is as bad as it was expected to be for Boeing Co. and engine-maker General Electric Co., and that is bad enough. Both companies reported results on Wednesday and the numbers were just ugly.
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Tim Duy
The Fed Will Soon Need to Stem Deflation
Federal Reserve Vice Chair Richard Clarida expressed confidence earlier this month that the U.S. could avoid an outbreak of deflation. I have become increasingly less confident that we can avoid such an outcome
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Joe Nocera
The U.S. Isn’t Protecting Enough Blue-Collar Workers
My son Nick lives in New Zealand, which has done a remarkable job fighting the coronavirus. As of Friday, the nation of 4.8 million people had 1,456 confirmed cases and only 17 deaths.
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Marcus Ashworth
The ECB Prepares the Way for Buying Junk Bonds
The European Central Bank’s meeting on April 30 might be its most important as it tries to manage the devastating economic impact of the Covid-19 virus. While its reaction so far has worked, it will need much greater firepower in the future.
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Julian Lee
Trump Can’t Save Oil Prices With Saudi Import Ban
Banning imports of crude oil from Saudi Arabia is just the sort of gesture that might appeal to President Donald Trump, who has vowed to protect jobs in the U.S. shale patch.
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Robert Burgess
Take Oil's Plunge Seriously, Not Literally
Global market participants were fixed on the oil markets Monday as West Texas Intermediate crude futures crashed to negative — yes, negative — $40.32 a barrel from $18.27 on Friday. What this means is
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Daniel Moss
The Future of Monetary Policy Is Asian
As the coronavirus pandemic continues, Bloomberg Opinion will be running a series considering the long-term consequences of the crisis. This column is part of a package on monetary policy.
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Marcus Ashworth
Stock Market Investors Are Too Optimistic
There has been a V-shaped recovery; in the stock market, not the economy. That is dividing opinion between the doomsayers who think this divergence makes no sense, and those who believe that the Federal Reserve and its central bank peers have this covered
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Elisa Martinuzzi
Some Wall Street Bankers Are Doing Well From This Crisis
As the world economy slowed to a near standstill in the fight against the coronavirus pandemic, leaving millions unemployed and companies depending on cash lifelines, one corner of global finance thrived: securities trading.
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James Greiff
The Great Recession Was Bad. The ‘Great Lockdown’ Is Worse.
he unfolding recession will be much worse than the 2008-09 financial crisis and may be surpassed only by the Great Depression.What the IMF refers to as the "Great Lockdown" recession will cause global growth to decline by 3% this year
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Matthew A. Winkler
Top Stock Picker Sees New Alignment With Covid-19
Eddie Yoon took over the Fidelity Select Health Care Fund in 2008, just as the financial crisis ushered in the worst recession since the Great Depression.
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Noah Smith
Coronavirus Makes America Seem Like a Civilization in Decline
Pandemics aren’t quite the same as wars, but they can also illustrate startling differences in the effectiveness of different countries. China, the place where coronavirus first appeared, initially tried to hush up evidence of the outbreak.
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Bloomberg News
Offshoring Left the U.S. Unprepared for Coronavirus
South Korea, famous for its success in containing the virus, does about 10,000 to 18,000 tests a day, which is 200 to 350 tests per million people. Despite recent increases, the U.S. is only at the lower range of that level in per capita terms
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Elisa Martinuzzi
Bankers Face a Harsh New Coronavirus Reality
Adidas AG has become the first big consumer group to put a figure on the impact of the novel coronavirus. It won’t be the last. And the ultimate cost to the maker of Stan Smith sneakers may be much bigger than the about $1 billion hit to revenue
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Chris Hughes
The Oil Crisis Is Even Worse News for Shell and BP
The collapse in crude prices has brought into relief the correlation between oil majors’ financial leverage and the valuation of their shares.
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David Fickling
The Oil Price War Is Turning Into a Debt War
In a war of attrition, the winner isn’t the force with overwhelming power, but the one with the greatest capacity to sustain damage. The current price war in the oil market is little different. Brent crude fell the most since the 1991 Gulf War Monday.
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Justin Fox
How Bad Is the Coronavirus? Let’s Run the Numbers
The coronavirus outbreak has been turning a lot of us into amateur epidemiologists. Just listen to Mick Mulvaney, the former real estate developer and member of Congress from South Carolina who is now acting White House chief of staff.
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Marcus Ashworth and Elisa Martinuzzi
Bankers Are Staring Into the Abyss, Again
Europe’s lenders are staring at yet another possible crisis, this time not of their own making, and the brutal reality is that the European Central Bank can do very little to help them. That’s bad news for the real economy too
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Nir Kaissar
Warren Buffett Is Waiting for One Last Big Score
As in previous years, investors were eager to hear from Buffett about his succession plans and his assessment of markets, and he didn’t disappoint. What we learned is that, for Buffett, the two subjects are closely related.
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Daniel Moss
Market Superheros Better Not Disappoint This Time
World economic powers have a rare second chance for a do-over of their haphazard and tardy response to the global financial crisis.
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Economics
Millions of Americans Have Moved Due to Coronavirus
Politics
Biden, DNC Sync Operations to Avoid 2016 Pitfalls
Companies
Global Stock Rally Pauses as Dollar Edges Higher: Markets Wrap
Politics
Bank Indonesia Steps Up Unconventional Moves With Budget Funding
Economics
Fed’s Bostic Sees Signs That Economic Activity Is Leveling Off
Pursuits
U.K. Bails Out Arts With $2 Billion as Sunak Focuses on Jobs
The Rubenstein Show
Arne Sorenson

CEO and President of Marriott International Inc., Arne Sorenson, talks about how he became the first non-Marriott family member to be CEO, and how he manages dual threats from Airbnb and Google. Taped on April 10, 2019.

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Steve Ballmer

Steve Ballmer, former CEO of Microsoft Corp. and current Los Angeles Clippers owner, talks about meeting Bill Gates at Harvard, his early years at Microsoft and subsequent rise to CEO in 2000. Taped on April 26, 2018.

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Tim Cook

Apple CEO Tim Cook talks about working with Steve Jobs, the values at Apple, including privacy and equality, and if he'd run for president. The interview was taped on May 13, 2018.

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Richard Branson

Richard Branson, founder of the Virgin Group, is an English business magnate, investor and philanthropist. He discusses dropping out of school at the age of 15, his inspiration for building an airline and philanthropy and Brexit. Taped on May 31, 2018.

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Michael Pompeo

U.S. Secretary of State Mike Pompeo talks to David Rubenstein about his foreign policy priorities, sanctions against Iran, protecting the integrity of America's elections and his relationship with the President. Taped on July 29, 2019.

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Politics
Japan Ruling Party Softens Demand to Cancel Xi’s Japan Visit
Economics
German Industry Rebounds From Virus Nadir Facing Long Road Ahead
Politics
Australia’s Second-Largest City Re-Enters 6-Week Virus Lockdown
Economics
Virus Toll on Jobs, Incomes Laid Bare in Egypt Before Reopening
Politics
RBA Highlights Recovery Uncertainties as Second Wave Threatens
Companies
Novavax Vaccine Funding; Europe Sees Deeper Slump: Virus Update
Economics
U.K.’s Global Trade Deals Still Pose a Huge Pre-Brexit Challenge
Companies
Skeptical Bond Buyers Go Toe-to-Toe with BOE on U.K. Recovery
Economics
Unemployment Finds Ways to Hide in a Country That Banned Layoffs
Politics
Polish President Tacks Further Right as Campaign Tightens
Politics
Hong Kong’s Lam Defends Security Law After Asserting New Powers
Politics
Lebanon’s Economic Crisis Is Spinning Out of Control, Fast
Economics
Malaysia Set to Cut Key Rate to Record Low: Decision Guide
Politics
Carnegie Hall, Whitney Museum, S.F. Symphony Got PPP Loans
Politics
North Korea Defectors Face Wrath of Both Seoul and Pyongyang
Companies
Electric Vehicles Are Starting to Buoy the Global Metals Market
Economics
Saving One Million U.K. Jobs Requires $250 Billion Stimulus Plan