S&P 500
5,297.94
Arrow Up
+0.02%
Nasdaq
16,685.70
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–0.08%
US 10 Yr
4.41
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–0.25%
FTSE 100
8,420.79
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–0.21%
Crude Oil
79.63
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+0.50%
Gold
2,412.20
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+1.12%
Euro
1.09
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+0.02%
Pound/Dollar
1.27
Arrow Up
+0.23%

Watch: Mohamed El-Erian Sees 2% Inflation Target as ‘Totally Arbitrary’

El-Erian Says Fed’s Higher-for-Longer Rates U-Turn Is at Odds With Market
The Fed’s 2% inflation target is "totally arbitrary," El-Erian told Bloomberg Television.
BlackRock’s Rieder Says Cut, Not Hike, to Tame US Inflation
Meme-Stock Mania Crashes Into Reality of Depleted Covid Savings
GameStop’s brief rally, fueled by a social media post, offered a stark contrast to data showing that households budgets are under stress.

Related

GameStop Extends Rout on Falling Sales, Plan to Sell Shares
Revival of Meme-Stock Frenzy Points to a Frothy US Stock Market

Watch: China Scraps Mortgage Rate Floor for Individual Homebuyers

China Attempts to End Property Crisis With Broad Rescue Package
It’s Beijing’s most drastic move yet to shore up the beleaguered property market.
Analysis
China's Housing Crash Could Set Back Millions of Promising Careers
PBOC Earmarks $42 Billion for State Buying of Unsold Homes

Latest

Election 2024

Swing-State PollBlue-Collar WorkersBidenomics
Biden versus TrumpBiden versus Trump
Bloomberg
Bloomberg News Now

Listen to the latest news: Scheffler Arrested at PGA, GameStop Falls, More

4:54

Bloomberg Opinion

TOPSHOT-UKRAINE-RUSSIA-CONFLICT-WARTOPSHOT-UKRAINE-RUSSIA-CONFLICT-WAR
Bloomberg Opinion
Why Won't Biden Let Ukraine Hit Russia Back With US Weapons?
Kyiv needs to strike across the border before it loses Kharkiv and much of its eastern regions.
By Hal Brands, Columnist
US Wildfire Season Is Now Everywhere, All at Once
By Mark Gongloff, Columnist
Mark GongloffMark Gongloff
DeSantis’ Immigration Stunt Didn’t Go Entirely as Planned
By Mary Ellen Klas, Columnist
Wegovy Should Be Treating More Than Obesity
By Lisa Jarvis, Columnist
Lisa JarvisLisa Jarvis
2024 PGA Championship - Round One2024 PGA Championship - Round One
Patrick Smith/Getty Images
World's Top Golfer Scottie Scheffler Arrested at PGA Championship Over Traffic Incident
Scheffler, who won his second Masters Tournament last month, was attempting to drive around a fatal crash scene.
TOPSHOT-DOMINICAN REP-ECONOMY-TOURISM-BEACHTOPSHOT-DOMINICAN REP-ECONOMY-TOURISM-BEACH
As Haiti Crumbles, Its Neighbor Is Thriving With a Tourism Boom
The Dominican Republic is having a moment:
A Hamptons-Maldives Mashup Is Coming to the Caribbean
How Tiny Djibouti Said ‘No’ to the US Over Houthi Red Sea AttacksHow Tiny Djibouti Said ‘No’ to the US Over Houthi Red Sea Attacks

Most Active US Stocks

Bloomberg News Now

Listen to the latest news: Scheffler Arrested at PGA, GameStop Falls, More

4:54

Latest

Most Active US Stocks

G-7 Finance Ministers and Central Bank Governors Meeting G-7 Finance Ministers and Central Bank Governors Meeting
Melinda French Gates’ $12.5 Billion Creates Path to Unrestricted Giving
G-7 Finance Ministers and Central Bank Governors Meeting G-7 Finance Ministers and Central Bank Governors Meeting
Farmers Are Breeding Hybrid Dairy Cattle to Sell for MeatFarmers Are Breeding Hybrid Dairy Cattle to Sell for Meat
Farmers Are Breeding Hybrid Dairy Cattle to Sell for Meat
Farmers Are Breeding Hybrid Dairy Cattle to Sell for MeatFarmers Are Breeding Hybrid Dairy Cattle to Sell for Meat
Influencers Reap $1 Billion Fortune With Brazil Pharma BusinessInfluencers Reap $1 Billion Fortune With Brazil Pharma Business
Influencers Reap $1 Billion Fortune With Brazil Pharma Business
Influencers Reap $1 Billion Fortune With Brazil Pharma BusinessInfluencers Reap $1 Billion Fortune With Brazil Pharma Business

Bloomberg Businessweek

Walgreens and CVS Are Trying to Fix America’s Flailing PharmaciesWalgreens and CVS Are Trying to Fix America’s Flailing Pharmacies
Desiree Rios/Bloomberg
Walgreens and CVS Are Trying to Fix America’s Flailing Pharmacies
Experimenting with new layouts, the chains are emphasizing health and wellness to boost sagging performance.
By Fiona Rutherford
Intel Is Betting $28 Billion on Making Ohio a Global Chips CapitalIntel Is Betting $28 Billion on Making Ohio a Global Chips Capital

More from this issue:

Intel Is Betting $28 Billion on Making Ohio a Global Chips CapitalWill GM Regret Kicking Apple CarPlay off the Dashboard?The State of Crypto Is Anything But Strong
The Food Court Is BackThe Food Court Is Back
The Food Court Is Back
Attention, mall shoppers: Restaurants are taking up more retail space. It’s good news for fixtures like Cinnabon and bubble tea shops.
Neuralink’s First Patient: ‘It Blows My Mind So Much’
For the first time, Noland Arbaugh explains how Elon Musk’s brain implant, which allows him to control a computer with his thoughts, has changed his life.
Milei Targets Labor Law That’s Set to Hand Banker $10 Million Severance
The president is taking aim at rules that encourage workers to drag their employers into court.

Markets

ETFsCryptoDeals
Hess Corp. Gas Stations Ahead Of Earnings Figures Hess Corp. Gas Stations Ahead Of Earnings Figures
Hess Investor D.E. Shaw to Abstain From Vote on Chevron Deal
Multinationals Are Seeking Protection Against Mexican ‘Super Peso’
Top Chilean Retailer Plans Bond Market Return After Seven Years
Odd Lots: Pierre Andurand on Shrinking Cocoa Supplies (Podcast)Odd Lots: Pierre Andurand on Shrinking Cocoa Supplies (Podcast)
Listen (45:08)
Odd Lots: Pierre Andurand on Shrinking Cocoa Supplies
Dish Creditors File Lawsuit to Keep Private Credit at BayDish Creditors File Lawsuit to Keep Private Credit at Bay
Newsletter: The Brink
Dish Creditors File Lawsuit to Keep Private Credit at Bay

Bloomberg Originals

7:28
How Starlink Launched the Consumer Space RaceHow Starlink Launched the Consumer Space Race
How Starlink Launched the Consumer Space Race
7:28
How Starlink Launched the Consumer Space RaceHow Starlink Launched the Consumer Space Race
23:07
The Rise of India’s Narendra ModiThe Rise of India’s Narendra Modi
The Rise of India’s Narendra Modi
23:07
The Rise of India’s Narendra ModiThe Rise of India’s Narendra Modi
8:40
The Trading Guru and His Loss Making DisciplesThe Trading Guru and His Loss Making Disciples
The Trading Guru and His Loss Making Disciples
8:40
The Trading Guru and His Loss Making DisciplesThe Trading Guru and His Loss Making Disciples
7:00
How Singapore Got Rich, and Can It LastHow Singapore Got Rich, and Can It Last
How Singapore Got Rich, and Can It Last
7:00
How Singapore Got Rich, and Can It LastHow Singapore Got Rich, and Can It Last

Space

Dazzling Solar Storm Tested Power Grids. Data Suggests More Are ComingDazzling Solar Storm Tested Power Grids. Data Suggests More Are Coming
Dazzling Solar Storm Tested Power Grids. Data Suggests More Are Coming
Dazzling Solar Storm Tested Power Grids. Data Suggests More Are ComingDazzling Solar Storm Tested Power Grids. Data Suggests More Are Coming
Venture Capital Cash Fuels Space Startup DreamsVenture Capital Cash Fuels Space Startup Dreams
Venture Capital Cash Fuels Space Startup Dreams
Venture Capital Cash Fuels Space Startup DreamsVenture Capital Cash Fuels Space Startup Dreams
Jeff Bezos' Blue Origin New Shepard Space Vehicle Flies The Billionaire And Other Passengers To SpaceJeff Bezos' Blue Origin New Shepard Space Vehicle Flies The Billionaire And Other Passengers To Space
Blue Origin Sets Date to Fly Space Tourists After Two-Year Halt
Jeff Bezos' Blue Origin New Shepard Space Vehicle Flies The Billionaire And Other Passengers To SpaceJeff Bezos' Blue Origin New Shepard Space Vehicle Flies The Billionaire And Other Passengers To Space
Launch Of Boeing Starliner Test Flight Postponed Due To Valve IssueLaunch Of Boeing Starliner Test Flight Postponed Due To Valve Issue
Boeing Starliner Astronaut Launch Delayed to May 21
Launch Of Boeing Starliner Test Flight Postponed Due To Valve IssueLaunch Of Boeing Starliner Test Flight Postponed Due To Valve Issue

Technology

AICybersecurityScreentime
Japan's Softbank As Stock Market Roars Back To LifeJapan's Softbank As Stock Market Roars Back To Life
Tomohiro Ohsumi/Getty Images
Photo App VSCO’s 200 Million Users, Profitability Signal a Turnaround
Germany Closing In on Huawei 5G Ban as Digital Ministry Resists
India Lowers T-Bill Sales After Tepid Response to Debt Buybacks
Can Anduril Reboot the US Defense Industry?Can Anduril Reboot the US Defense Industry?
Watch (29:12)
Can Anduril Reboot the US Defense Industry?
AI Fake Reporters Make It Harder for Readers to Tell Truth From FictionAI Fake Reporters Make It Harder for Readers to Tell Truth From Fiction
Newsletter: Tech Daily
AI Fake Reporters Make It Harder for Readers to Tell Truth From Fiction

Wealth

Inside The London Stock Exchange As European Stocks Rise After SVB-Led RoutInside The London Stock Exchange As European Stocks Rise After SVB-Led Rout
The Only Investing Benchmark That Matters
Inside The London Stock Exchange As European Stocks Rise After SVB-Led RoutInside The London Stock Exchange As European Stocks Rise After SVB-Led Rout
PAKISTAN-ECONOMY-FOREXPAKISTAN-ECONOMY-FOREX
US Money-Market Assets Rise to Highest Level in a Month
PAKISTAN-ECONOMY-FOREXPAKISTAN-ECONOMY-FOREX
French Francoise Bettencourt-Meyers, dauFrench Francoise Bettencourt-Meyers, dau
More Ultra-Rich Are Worth Over $100 Billion Than Ever Before
French Francoise Bettencourt-Meyers, dauFrench Francoise Bettencourt-Meyers, dau
Alibaba Headquarters Ahead of Earnings ResultsAlibaba Headquarters Ahead of Earnings Results
David Tepper Scoops Up Alibaba as Hedge Funds Hunt for Bargains in China
Alibaba Headquarters Ahead of Earnings ResultsAlibaba Headquarters Ahead of Earnings Results

Politics

US ElectionUKEuropeMiddle EastAsia
TOPSHOT-CHINA-RUSSIA-DIPLOMACYTOPSHOT-CHINA-RUSSIA-DIPLOMACY
Putin’s Friends Are Helping Russia Upend the US-Led World Order
Oil and arms drive some countries into Russia's embrace, but nearly all Putin's allies share the goal of getting out from under the US umbrella.
Mozambique’s Main Opposition Retains Leader Ahead of Elections
Welsh Nationalists End Deal With Minority Labour Government
Trump Finds Third Time’s a Charm for Running a CampaignTrump Finds Third Time’s a Charm for Running a Campaign
Newsletter: Washington Edition
Trump Finds Third Time’s a Charm for Running a Campaign
Big Take DC: The State of the Trump Campaign (Podcast)Big Take DC: The State of the Trump Campaign (Podcast)
Listen (17:47)
Big Take DC: The State of the Trump Campaign

Explainers

TOPSHOT-FRANCE-OVERSEAS-NCALEDONIA-POLITICS-UNRESTTOPSHOT-FRANCE-OVERSEAS-NCALEDONIA-POLITICS-UNREST
New Caledonia Is in a State of Emergency. What Went Wrong?
TOPSHOT-FRANCE-OVERSEAS-NCALEDONIA-POLITICS-UNRESTTOPSHOT-FRANCE-OVERSEAS-NCALEDONIA-POLITICS-UNREST
1:54
Dutch General ElectionDutch General Election
Who Is Geert Wilders, the Far-Right Kingmaker of the Next Dutch Government?
1:54
Dutch General ElectionDutch General Election
A GameStop store in New YorkA GameStop store in New York
What We Learned From the Meme Stock Sequel
A GameStop store in New YorkA GameStop store in New York
CHINA-RUSSIA-DIPLOMACYCHINA-RUSSIA-DIPLOMACY
Why Are Xi and Putin ‘Best Friends’?
CHINA-RUSSIA-DIPLOMACYCHINA-RUSSIA-DIPLOMACY

Industries

Real EstateEnergyHealth
Bayer Leverkusen fans celebrate winning the Bundesliga title for the first time on April 14.Bayer Leverkusen fans celebrate winning the Bundesliga title for the first time on April 14.
Christof Koepsel/Getty Images
The Best Office Football Team in the World
Stellantis Swaps Third Ram Boss in Three Years as US Sales Sink
JPMorgan Joins Goldman, Point72 at West Palm Beach Office Tower
The Deal Episode 11: Stephen A. SmithThe Deal Episode 11: Stephen A. Smith
Listen (50:45)
The Deal Episode 11: Stephen A. Smith
Venture Capital Cash Fuels Space Startup DreamsVenture Capital Cash Fuels Space Startup Dreams
Newsletter: Business of Space
Venture Capital Cash Fuels Space Startup Dreams

Green

New EnergyGreener LivingESG Investing
A Wind Turbine Against A Blue SkyA Wind Turbine Against A Blue Sky
Brookfield Plans to Invest $500 Million in Leap Green
Court Orders German Government to Tighten Its Climate Plans
Deutsche Bank Transfers Risk on Portfolio of Green Mortgages
Zero: Why the UK’s Conservatives Gave Up on Climate (Podcast)Zero: Why the UK’s Conservatives Gave Up on Climate (Podcast)
Listen (35:39)
Zero: Why the UK’s Conservatives Gave Up on Climate
An Optimist's Guide to the Planet TrailerAn Optimist's Guide to the Planet Trailer
Watch (1:45)
An Optimist's Guide to the Planet Trailer

Pursuits

Cassette Tapes Are Getting a Boost From an Unexpected SourceCassette Tapes Are Getting a Boost From an Unexpected Source
Cassette Tapes Are Getting a Boost From an Unexpected Source
Cassette Tapes Are Getting a Boost From an Unexpected SourceCassette Tapes Are Getting a Boost From an Unexpected Source
In New York’s Hudson Valley, a New Napa Is Growing—But for BeerIn New York’s Hudson Valley, a New Napa Is Growing—But for Beer
In New York’s Hudson Valley, a New Napa Is Growing—But for Beer
In New York’s Hudson Valley, a New Napa Is Growing—But for BeerIn New York’s Hudson Valley, a New Napa Is Growing—But for Beer
A Half Hour From New York City, a 13-Acre Estate Lists for $28.5 MillionA Half Hour From New York City, a 13-Acre Estate Lists for $28.5 Million
A Half Hour From New York City, a 13-Acre Estate Lists for $28.5 Million
A Half Hour From New York City, a 13-Acre Estate Lists for $28.5 MillionA Half Hour From New York City, a 13-Acre Estate Lists for $28.5 Million
The 10 Art Shows That You Can Only See in VeniceThe 10 Art Shows That You Can Only See in Venice
The 10 Art Shows That You Can Only See in Venice
The 10 Art Shows That You Can Only See in VeniceThe 10 Art Shows That You Can Only See in Venice

Economics

Inflation & PricesIndicatorsCentral Banks
ANGOLA-POLITICS-ECONOMY-CURRENCYANGOLA-POLITICS-ECONOMY-CURRENCY
Ampe Rogerio/AFP/Getty Images
Angola Delivers First Back-to-Back Rate Hike in Almost a Decade
Italy Will Have Europe’s Biggest Debt in Three Years, Scope Says
Indonesia Eases Import Rule for Some Goods to Clear Containers
Latest Flurry of Economic Data in China Raises Alarm BellsLatest Flurry of Economic Data in China Raises Alarm Bells
Newsletter: Economics Daily
Latest Flurry of Economic Data in China Raises Alarm Bells
Single Best Idea: Lindsey Piegza & Tony Crescenzi (Podcast)Single Best Idea: Lindsey Piegza & Tony Crescenzi (Podcast)
Listen (6:40)
Single Best Idea: Lindsey Piegza & Tony Crescenzi

CityLab

US-HEALTH-VIRUS-ECONOMY-POVERTYUS-HEALTH-VIRUS-ECONOMY-POVERTY
States Push Back Against Guaranteed Income With New Bans
US-HEALTH-VIRUS-ECONOMY-POVERTYUS-HEALTH-VIRUS-ECONOMY-POVERTY
KeswickKeswick
Six Lessons From Cycling Across Great Britain
KeswickKeswick
Billionaire-Backed Developer Asks Voters to Approve New California CityBillionaire-Backed Developer Asks Voters to Approve New California City
California’s Billionaire-Backed City Gets Promise of First Jobs
Billionaire-Backed Developer Asks Voters to Approve New California CityBillionaire-Backed Developer Asks Voters to Approve New California City
St. Louis Fills a Downtown Void With SoccerSt. Louis Fills a Downtown Void With Soccer
St. Louis Fills a Downtown Void With Soccer
St. Louis Fills a Downtown Void With SoccerSt. Louis Fills a Downtown Void With Soccer

Work + Life

Work ShiftEqualityBusiness of Sports
FIFA Executive Committee MeetingFIFA Executive Committee Meeting
FIFA Amends Rules to Allow Headquarters to Move From Zurich
The Best Football Team in Germany Is Owned by a Struggling Pharma Giant
Democrats and Republicans Are Courting Women With Two Very Different Bills
Michael Andretti Plans to Finally Conquer F1Michael Andretti Plans to Finally Conquer F1
Watch (24:01)
Michael Andretti Plans to Finally Conquer F1
Democrats and Republicans Are Courting Women With Two Very Different BillsDemocrats and Republicans Are Courting Women With Two Very Different Bills
Newsletter: Equality
Democrats and Republicans Are Courting Women With Two Very Different Bills

Markets Magazine

Markets Magazine_West Palm Beach_08Markets Magazine_West Palm Beach_08
Ysa Pérez for Bloomberg Markets
The Big Take
Billionaire Stephen Ross Believes in South Florida—and Is Spending Big to Transform It
The Related Cos. founder is following the money flowing south by bringing his influence to everything from real estate to schools and health care.
By Natalie Wong
Bloomberg MarketsBloomberg Markets

More from this issue:

How to Get a Meeting With the UAE’s $1.5 Trillion ManA $150 Billion Fortune Bolsters Qatari Royals at Critical MomentSaudi Arabia Is Making a High-Risk $1 Trillion Bet on Tourism
Markets Magazine_StockMarkets Magazine_Stock
The Sheikh Who Dominates One of the World’s Hottest Stock Markets
The UAE’s exchanges approach $1 trillion in value as Abu Dhabi’s index almost triples since April 2020.
UAE’s $35 Billion Egypt Deal Marks Gulf Powers’ Buying Spree
Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
What to See and Do in Doha, the New Art Boomtown in the Gulf
Qatar’s capital is aiming to become a culture hub—and boost its global image—with a host of museums, big-name exhibitions and rich collections of contemporary and Islamic works.
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