The company finds itself at a critical juncture that others have botched: How does it stay a brand for serious athletes while keeping up its breakneck growth?
Lionsgate estimated on Saturday that the Michael Jackson biopic would collect more than $200 million over its first few days in theaters.
Policymakers in the US and across the Group of Seven will probably keep interest rates steady this week while watching nervously for signs of higher energy costs fanning inflation.
Incoming Hungarian Prime Minister Peter Magyar said he had information that wealthy figures linked to Viktor Orban’s outgoing government were moving assets abroad and called on authorities to detain fleeing “oligarch” families.
U.S. special envoy Steve Witkoff and Jared Kushner had been expected to arrive in Islamabad on Saturday.
Bargain hunters are snatching up private lending funds in the stock market, eager to buy assets that look cheap by a key measure.
The industry’s murky supply chain has long attracted scammers and con artists. In the words of one expert, “Wine and fraud go hand in hand.”
Bloomberg This Weekend = BTW = By The Way: Lisa Mateo, Christina Ruffini and David Gura dive into the headlines you may have missed on Bloomberg This Weekend. Watch more here: Watch the show LIVE every Saturday and Sunday morning. (Source: Bloomberg)
Twice the size of the Lincoln Memorial, taller than almost all structures in Washington DC, and the winged figure atop rising some 60 feet high, the equivalent of a six-story building: President Donald Trump’s proposed “Triumphal Arch.” Bloomberg CityLab writer Kriston Capps joins Christina Ruffini in Washington DC to discuss the impact Trump is having on the architecture of the nation's capital. (Source: Bloomberg)
Rep. Michael McCaul (R-TX) joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss the US-Iranian talks that were meant to end the conflict that has closed the Strait of Hormuz. (Source: Bloomberg)
Bloomberg News White House Correspondent Jeff Mason joins David Gura, Christina Ruffini, and Lisa Mateo on “Bloomberg This Weekend” to play Pointed! Wager your points, leverage your bets and answer wisely. A new quiz is available to play each week on Bloomberg.com (Source: Bloomberg)
The Trump administration said it’s expediting visa appointments for foreign fans with tickets to the 2026 FIFA World Cup. This move is aimed at smoothing travel for the world’s most watched sporting event, even as the White House tightens immigration rules. Jetr Global Sports + Entertainment Founder and CEO Travis Murphy and Vice President of Global Growth Strategy + Government Affairs David Francis join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)
In just a few years China has become the world’s largest car exporter, and electric vehicle-maker BYD is leading the way; it’s now the top-selling EV producer globally, overtaking Tesla and expanding into Europe and beyond. Bloomberg’s Tom Mackenzie reports from Paris, where BYD unveiled its latest luxury EV: the Denza Z9GT. He speaks with BYD Group Executive Vice President Stella Li and Alfredo Altavilla, BYD’s Special Adviser for Europe, about the company’s rapid rise, its technological edge,
S&P Global Vice Chairman Daniel Yergin warned that the Strait of Hormuz crisis represents “the biggest energy disruption we’ve ever seen,” despite oil prices not yet reaching the inflation-adjusted equivalent of previous highs.
The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is coming. S&P Global Vice Chairman Daniel Yergin joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)
There are lots of things that can move the stock market, from economic data, to Federal Reserve pronouncements, to corporate developments. But for the past 15 months, traders’ fortunes have been largely tethered to the whims of a single person: President Donald Trump.
Iran has played down expectations of direct talks with the United States over ending the war as US envoys are expected to travel to Islamabad, Pakistan — but this time without Vice President JD Vance, the lead negotiator. US Navy Retired Vice Adm. Kevin Donegan joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)
Software giants are seeing their worst stock performance in years on fears of AI disruption. Now they have a new problem.
The world's richest man may soon also be the world's first trillionaire as Elon Musk's SpaceX targets an IPO with a valuation of around $1.5 Trillion in what would be the largest IPO ever. Muskism: A Guide for the Perplexed authors Ben Tarnoff and Quinn Slobodian join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss "Muskism," referring to the ideology and worldview that shaped Musk. They say it is "an operating system for the 21st century." (Source: Bloomberg)
The Justice Department said it would end its criminal investigation of Federal Reserve Chair Jerome Powell, an attempt to clear the obstacle that has stalled Kevin Warsh's confirmation as his possible successor. Bloomberg News Justice Department Reporter Chris Strohm and Reporter Enda Curran join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)
Bitcoin is approaching $80,000 for the first time since January — a stealth recovery built not on euphoria but on short covering and the relentless accumulation by one company: Strategy Inc.
President Donald Trump has sent envoys to Pakistan with the intention of meeting with Iranian officials, while Tehran sounded a pessimistic tone on the prospects for talks to end the eight-week war roiling the global economy. Bloomberg News Deputy UAE Bureau Chief Abeer Abu Omar, Washington Correspondent Josh Wingrove and Senior Reporter Dan Strumpf join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)
Anthropic says its newest AI system can detect serious cybersecurity risks, but the new technology is so powerful that the company is holding back public release. The nearly autonomous system can detect banking software vulnerabilities and spawn sub-agents that operate without human oversight at unprecedented speed. Treasury Secretary Scott Bessent and Fed Chair Jay Powell took the unusual step of calling in major bank leaders to discuss the risks raised by the new model. Experts weigh in on whether regulation and open-source tools can keep the financial system safe. (Source: Bloomberg)
As AI erases the bottom rungs of the corporate ladder, some gen Z workers skip the entry level to become their own CEOs When Ashley Terrell graduated from the University of Hawaii in 2024, she planned to find a job in marketing, maybe for a tech company. She had a bachelor’s degree in business administration and a college résumé that included a student marketing job for Red Bull. But after months of applying, her only offer was to work in the power tools section at Home Depot. “It was quite a shock,” she told the Guardian. “I searched for jobs every single day in that Home Depot bathroom.” Terrell’s generation is entering the workforce in a particularly unlucky moment . Hiring in the United States has slumped to its lowest rate since 2020, according to the Bureau of Labor Statistics . While workers of all ages are feeling the pressure of an uncertain economy, it’s gen Z who is the most pessimistic about their job prospects: entry-level jobs are the most vulnerable to impacts from artificial intelligence , and some younger workers are seeing their careers stall before they have even started. Terrell felt she was not just competing with other people for jobs. “Especially with marketing, a lot of people think it can be replaced with AI,” she said. Continue reading...
The IMF is more important than ever in times of crisis
The Strait of Hormuz remains largely empty of merchant ships, with only a few Tehran-linked vessels moving through the waterway, following a tense week that saw Iranian gunboat attacks and tanker interceptions by the US Navy.
The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is coming.
Unhindered by critics who called the $114m project ‘a bridge to nowhere’, a gigantic throughway allowing animals to cross a busy freeway is close to completion Atop a gigantic wildlife bridge in California this week, butterflies filled the air. A red-tailed hawk sailed above as a slight breeze ruffled the 6,000 native plants, including poppies and purple sage. You’d never guess that below the quiet expanse of rocks and plants, a 10-lane freeway ferries 400,000 cars each day. When the project broke ground four years ago, enthusiasm was high. The wildlife crossing in northern Los Angeles county would be the largest of its kind in the world, providing safe passage for mountain lions, bobcats and lizards. Continue reading...
Industry figures say that going viral is no replacement for the classic route of apprenticeships and competitions Scroll through your timeline of choice and it won’t be long until you land on a video posted by a social media chef trying to send their recipes viral. Such is the popularity of cooking videos that everyone from Michelin star masters to self-taught beginners like Brooklyn Beckham are setting up tripods on their kitchen counters to capture the perfect cut, cuission or crust on their culinary creations. Continue reading...
The economy and public finances were on the right path, bond yields were falling, interest rates likely to drop further … then came the US-Israeli attack Donald Trump’s war on Iran is “folly” ; shadow chancellor Mel Stride should be “lined up for the sack”; and the Liberal Democrat Daisy Cooper’s plan for managing fuel shortages is “fundamentally economically illiterate”. Rachel Reeves has always relished a political fight, but in recent days she has been swinging at her opponents with what looks very much like enjoyment. Continue reading...
Being financially equipped to retire feels like a fantasy. And yet plenty of people who could do so are avoiding it “Retirement.” A word I can hardly spell anymore, it seems so abstract and impossible – like a science-fiction concept from a tattered old novel. In the classic film Blade Runner, “retirement” is the term used to describe the brutal ritual of future cops executing rogue androids called replicants (which auto-correct just tried to turn into “Republicans” against my will, though maybe Google Docs has a Freudian slip function now). The Blade Runner version of retirement strikes me as more feasible for modern humans – getting blasted by a jackbooted assassin with a phallic-looking blaster – than the traditional process. Actual retirement – cocktails on the beach in between golf games – is as distant as the farthest known star. As glamorous as my life must seem to you, dear reader, it is not that at all. Like most creative types who never bothered to learn to code, I scrape by every month, white-knuckling until the next heaven-sent direct deposit. Continue reading...
Chinese weather authorities warned of heavy rainfall across southern regions from April 26 to April 29, with downpours expected to hit areas already saturated by earlier storms, raising the risk of flooding and landslides.
Thousands of Malaysians gathered in Kuala Lumpur on Saturday, reiterating calls for the establishment of a Royal Commission of Inquiry into allegations involving outgoing anti-graft chief Azam Baki.
A crypto tycoon is giving record-breaking amounts to Farage’s party. But little is known about his motives Shortly before Christmas 2022, Chakrit Sakunkrit, owner of the Kamalaya Wellness Sanctuary on the Thai island of Koh Samui, invited 200 guests to spend a few days celebrating his 60th birthday. One sultry afternoon, Sakunkrit and a small group gathered around a table near the shore, surrounded by the burgundy foliage of Good Luck plants. To his right, dressed down in a polo shirt, sat Nigel Farage. Since Brexit marked the achievement of his life’s work three years earlier, Farage had fizzled. Even some of his supporters had pronounced him finished. Now, with the Conservatives in disarray after Liz Truss’s disastrous budget that September, Farage was hinting at a still more ambitious project: to make himself prime minister. Continue reading...
Following a Supreme Court ruling that struck down several Trump administration tariffs, importers have begun applying for their share of $166 billion in refunds. As our economic policy reporter Tony Romm explains, consumers are unlikely to see much of that money returned to their own pockets.
Haris Doukas warns that with 700,000 residents and 8 million tourists, people are being pushed out of their neighbourhoods In the heart of ancient Athens, on narrow streets and around archaeological sites, visitor groups appear to be everywhere, snaking their way behind tour guides. At other times, officials would have welcomed such scenes. But for Haris Doukas, the socialist mayor who is determined to reclaim the capital’s congested city centre for its citizens, the start of the tourist season leaves much of its historic heart at risk of “over-saturation.” Entire neighbourhoods, he believes, are in danger of losing their authenticity because of uncontrolled tourist development. Continue reading...
Another chart that goes up and to the right.
Russia carried out one of the largest attacks on Ukraine overnight, killing four people and leaving over 30 wounded across the country, Ukrainian President Volodymyr Zelenskiy said on Telegram.
A new UK civil resistance group has called for ‘mass shoplifting’ to focus attention on inequality, but recent stunts have led to arrests Eve Middleton was sitting on a picnic blanket in a park, sharing out vegan biscuits with six fellow activists, when she saw a squad of police bearing down on them. About 30 officers, she said, surrounded the seven young people, and one officer told them: “Don’t run or you’ll be cuffed.” Another officer focused on gathering evidence. “Whose Oreos are these?” they asked, seizing the biscuits. Continue reading...
Many people are taking action now, from taking family on holiday to paying off grandchildren’s student loans or giving tax-free gifts Many of us are still getting our heads around the price increases and tax tweaks that took effect this month , but you might want to give some thought to next April. Some big changes to pensions, savings and investments are coming down the track, and there are things you can do now and in the coming months to get ready for them. Continue reading...
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