S&P 500
5,018.39
Arrow Down
–0.34%
Nasdaq
15,605.48
Arrow Down
–0.33%
US 10 Yr
4.60
Arrow Up
+0.20%
FTSE 100
8,150.09
Arrow Up
+0.36%
Crude Oil
79.47
Arrow Up
+0.59%
Gold
2,307.10
Arrow Down
–0.17%
Euro
1.07
Arrow Down
–0.07%
Pound/Dollar
1.25
Arrow Down
–0.11%

Watch: Powell Says Fed's Next Move Being a Hike Is Unlikely

Powell Keeps Rate Cuts on Table But Leaves Timing Less Certain
The Fed chief also set a high bar for further rate hikes, saying it’s unlikely the next policy move will be an increase.
Jerome Powell Offered Markets a Reprieve. It Vanished in a Blink
HuaweiHuawei
Exclusive
Huawei Secretly Backs US Research, Awarding Millions in Prizes
Huawei Lab Barred by US FCC as Part of Crackdown on ChinaHuawei Lab Barred by US FCC as Part of Crackdown on China
Watch (2:40)
Huawei Lab Barred by US FCC as Part of Crackdown on China

The Bank of Japan in Tokyo.The Bank of Japan in Tokyo.
Japan Likely Spent About $23 Billion in Latest Yen Intervention
Top Yen Forecaster Sees Currency Sliding to Lowest Since 1986
Markets Wrap
US Stock Futures Gain as Rates Relief Sets In

Latest

President Biden Hosts State Visit For Japanese Prime Minister KishidaPresident Biden Hosts State Visit For Japanese Prime Minister Kishida
Al Drago/Bloomberg
Biden Calls Ally Japan ‘Xenophobic’ Along With China, Russia
Earlier
Biden Upgrades Japan Defense Ties Due to ‘Dangerous’ China
Police Patrol UCLA Campus After Razing Of Student EncampmentPolice Patrol UCLA Campus After Razing Of Student Encampment
Mario Tama/Getty Images
Police Begin Dismantling UCLA Protest Camp After Dispersal Order
How Israel-Hamas War Tests Campus Tolerance of Speech
Bloomberg News Now

Listen to the latest news: Fed Rate Path, Apple Earnings on Deck, More

6:26

Bloomberg Opinion

Fed Chair Powell Holds News Conference Following FOMC Rate DecisionFed Chair Powell Holds News Conference Following FOMC Rate Decision
Bloomberg Opinion
You Can’t Call Jerome Powell a Big Teaser
The Fed did exactly what was expected on rates — nothing. Daytrippers got on board with it, anyway.
By John Authers, Columnist
AI Can't Reject Your No Good, Very Bad Idea
By Parmy Olson, Columnist
In Jamie Dimon's America, the Stock Market Has Already Voted
By Matthew A. Winkler, Columnist
Matt WinklerMatt Winkler
Can’t Book a Table in New York? It Could Be Worse.
By Howard Chua-Eoan, Columnist
HOWARD CHUA-EOANHOWARD CHUA-EOAN
SECSEC
Illustration: Jovana Mugoša
Wall Street Seizes Opportunity to Gut SEC Trading Surveillance
Citadel Securities is leading a suit seeking to have the SEC's Consolidated Audit Trail declared illegal
Why Banks These Days Are So Excited About Being BoringWhy Banks These Days Are So Excited About Being Boring
Illustration: Lucas Burtin for Bloomberg Businessweek
Businessweek
Why Banks These Days Are So Excited About Being Boring
A year after SVB’s failure, regional lenders have embraced stodginess as a virtue.

Most Active US Stocks

Bloomberg News Now

Listen to the latest news: Fed Rate Path, Apple Earnings on Deck, More

6:26

Latest

Most Active US Stocks

U.S. Refiners Could Be Forced To Slow Production As Gasoline Profits Drag U.S. Refiners Could Be Forced To Slow Production As Gasoline Profits Drag
Exclusive
Exxon Set to Win FTC Approval for $60 Billion Pioneer Deal
U.S. Refiners Could Be Forced To Slow Production As Gasoline Profits Drag U.S. Refiners Could Be Forced To Slow Production As Gasoline Profits Drag
Stock MarketsStock Markets
Unforgiving Investors Want Bumper Earnings After Record Rally
Stock MarketsStock Markets
Cryptocurrency in WarsawCryptocurrency in Warsaw
Bitcoin Slump Triggers Warning of ‘Trouble Ahead’ for Global Markets
Cryptocurrency in WarsawCryptocurrency in Warsaw

Bloomberg Businessweek

The State of Crypto Is Anything But StrongThe State of Crypto Is Anything But Strong
The State of Crypto Is Anything But Strong
Industry boosters say they’ve learned their lessons from the last crash, but regulators need to move faster to protect a new wave of mainstream investors from the same old story.
By Molly White
Sextortion Scams Are Driving Teen Boys to SuicideSextortion Scams Are Driving Teen Boys to Suicide

More from this issue:

Sextortion Scams Are Driving Teen Boys to SuicideWhat Really Happens When You Trade In an iPhone at the Apple StoreHow Matzo Is Made
China Launches Rockets From Sea in Bid to Win the Space RaceChina Launches Rockets From Sea in Bid to Win the Space Race
China Launches Rockets From Sea in Bid to Win the Space Race
Offshore launches can improve takeoff positioning and save money on transporting rockets, but there are logistical challenges.
Elon Musk vs. Jeff Bezos Is America’s New Moon Race
The billionaires’ dueling space companies anchor NASA's plan to bring astronauts to the moon for the first time in a half-century.
AI Is Helping Automate One of the World’s Most Gruesome Jobs
Advances in computer vision and machine learning allow robots to perform some of the high precision tasks required to butcher beef and chicken.

Markets

ETFsCryptoDeals
Blackstone Group Global Head Of Credit And Insurance Gilles Dellaert InterviewBlackstone Group Global Head Of Credit And Insurance Gilles Dellaert Interview
Christopher Goodney/Bloomberg
Blackstone Taps Vast Source of Cash in $1 Trillion Credit Push
Like Apollo and KKR, the buyout giant is forging close ties with insurance firms as it hunts for new business and ready money. Regulators are starting to worry.
Yen’s Extended Slump Is Hurting the Bottom Line, JAL Says
Hong Kong Watchdog Prosecutes Segantii Pair for Insider Dealing
Odd Lots: The Ultra Wealthy Have Their Own World of Real Estate (Podcast)Odd Lots: The Ultra Wealthy Have Their Own World of Real Estate (Podcast)
Listen (42:19)
Odd Lots: The Ultra Wealthy's World of Real Estate
Trump Versus Biden Advertising Windfall is No Panacea for BroadcastersTrump Versus Biden Advertising Windfall is No Panacea for Broadcasters
Newsletter: The Brink
Trump Versus Biden Advertising Windfall is No Panacea for Broadcasters

Bloomberg Originals

24:01
Why Netflix Is Betting Big on Latin AmericaWhy Netflix Is Betting Big on Latin America
Why Netflix Is Betting Big on Latin America
24:01
Why Netflix Is Betting Big on Latin AmericaWhy Netflix Is Betting Big on Latin America
24:01
GM Is Betting the Future Is ElectricGM Is Betting the Future Is Electric
GM Is Betting the Future Is Electric
24:01
GM Is Betting the Future Is ElectricGM Is Betting the Future Is Electric
10:29
Why the South China Sea Could Spark a WarWhy the South China Sea Could Spark a War
Why the South China Sea Could Spark a War
10:29
Why the South China Sea Could Spark a WarWhy the South China Sea Could Spark a War
22:31
When Jamie Dimon Speaks, the World ListensWhen Jamie Dimon Speaks, the World Listens
When Jamie Dimon Speaks, the World Listens
22:31
When Jamie Dimon Speaks, the World ListensWhen Jamie Dimon Speaks, the World Listens

Technology

AICybersecurityScreentime
A Starlink Satellite Residential Home InstallationA Starlink Satellite Residential Home Installation
Cate Dingley/Bloomberg
Musk’s Starlink Persists in Unauthorized Areas Despite Shutdown Warnings
Uber Hit With £250 Million Suit From London’s Black Cab Drivers
Vodafone Idea Seeks $1.8 Billion of Loans in Next Two Years
JPMorgan's Dimon Says Apple Is a Competitor and PartnerJPMorgan's Dimon Says Apple Is a Competitor and Partner
Watch (1:51)
JPMorgan's Dimon Says Apple Is a Competitor and Partner
Intel’s Gelsinger Fights Ghosts of History as Well as Rivals Nvidia, AMDIntel’s Gelsinger Fights Ghosts of History as Well as Rivals Nvidia, AMD
Newsletter: Tech Daily
Intel’s Gelsinger Fights Ghosts of History as Well as Rivals Nvidia, AMD

Wealth

Crypto Exchanges as Bitcoin Holds Near $42,000Crypto Exchanges as Bitcoin Holds Near $42,000
Asia’s Retail Investors Hunt for Fabled Crypto Riches
Crypto Exchanges as Bitcoin Holds Near $42,000Crypto Exchanges as Bitcoin Holds Near $42,000
Dubai Billionaire’s Children Plan to Revive Troubled World IslandsDubai Billionaire’s Children Plan to Revive Troubled World Islands
Dubai Billionaire’s Children Plan to Revive Troubled World Islands
Dubai Billionaire’s Children Plan to Revive Troubled World IslandsDubai Billionaire’s Children Plan to Revive Troubled World Islands
Chip WilsonChip Wilson
Lululemon Billionaire Pledges Shares to Goldman for Margin Loan
Chip WilsonChip Wilson
British Stocks May Be Back in FashionBritish Stocks May Be Back in Fashion
British Stocks May Be Back in Fashion
British Stocks May Be Back in FashionBritish Stocks May Be Back in Fashion

Politics

US ElectionUKEuropeMiddle EastAsia
John Swinney in Edinburgh, Scotland, on May 2.John Swinney in Edinburgh, Scotland, on May 2.
Jeff J Mitchell/Getty Images
SNP’s John Swinney to Stand for Leadership After Yousaf’s Departure
US Warns Georgia Risks Ties to West Over ‘Kremlin-Inspired’ Law
Russians Who Fled Abroad Return in Boost for Putin’s War Economy
Pot Industry Banking Bill Still in Congressional Limbo (Correct)Pot Industry Banking Bill Still in Congressional Limbo (Correct)
Newsletter: Washington Edition
Pot Industry Banking Bill Still in Congressional Limbo (Correct)
Big Take DC: How FOIA Unlocks Government Secrets (Podcast)Big Take DC: How FOIA Unlocks Government Secrets (Podcast)
Listen (14:30)
Big Take DC: How FOIA Unlocks Government Secrets

Explainers

UK Prepares For Possible Interest Rate IncreaseUK Prepares For Possible Interest Rate Increase
Why Mortgages and Interest Rates Are a Hot UK Election Issue
UK Prepares For Possible Interest Rate IncreaseUK Prepares For Possible Interest Rate Increase
Archegos Founder Bill Hwang & CFO Patrick Halligan Charged With Securities FraudArchegos Founder Bill Hwang & CFO Patrick Halligan Charged With Securities Fraud
Bill Hwang On Trial: The Criminal Case Against Archegos’s Founder, Explained
Archegos Founder Bill Hwang & CFO Patrick Halligan Charged With Securities FraudArchegos Founder Bill Hwang & CFO Patrick Halligan Charged With Securities Fraud
Nvidia Products and Offices In TaipeiNvidia Products and Offices In Taipei
Why AI Is So Expensive
Nvidia Products and Offices In TaipeiNvidia Products and Offices In Taipei
4:55
Did Japan Intervene to Prop Up the Yen? How We Might KnowDid Japan Intervene to Prop Up the Yen? How We Might Know
Did Japan Intervene to Prop Up the Yen? How We Might Know
4:55
Did Japan Intervene to Prop Up the Yen? How We Might KnowDid Japan Intervene to Prop Up the Yen? How We Might Know

Industries

Real EstateEnergyHealth
Moderna Beats Quarterly Estimates as Cost-Cutting Pares LossesModerna Beats Quarterly Estimates as Cost-Cutting Pares Losses
Moderna Beats Quarterly Estimates as Cost-Cutting Pares Losses
Cigna Beats Estimates, Raises Outlook On Low Medical Costs
Jewelry Brand Pandora Surges as Lab-Grown Diamonds Lift Sales
The Deal Episode 10: Serena Williams (Podcast)The Deal Episode 10: Serena Williams (Podcast)
Listen (49:33)
The Deal Episode 10: Serena Williams
Boeing Starliner’s Shaky FutureBoeing Starliner’s Shaky Future
Newsletter: Business of Space
Boeing Starliner’s Shaky Future

Green

New EnergyGreener LivingESG Investing
Patagonia Is Cracking the Code on Endlessly Recyclable WetsuitsPatagonia Is Cracking the Code on Endlessly Recyclable Wetsuits
Alex Welsh/Bloomberg
Patagonia Is Cracking the Code on Endlessly Recyclable Wetsuits
The outdoor apparel retailer will start selling wetsuits made in part from used wetsuits deconstructed at a molecular level and reborn as new fabric.
Biden Expands Pair of California Monuments in Conservation Push
Tycoon Sees $3.5 Billion Investments in Namibia Green Hydrogen
Zero: The bank financing Africa’s green growth (Podcast)Zero: The bank financing Africa’s green growth (Podcast)
Listen (35:50)
Zero: The Bank Financing Africa’s Green Growth
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

Here’s What You Get for $350—and $2,500—in Five European HotspotsHere’s What You Get for $350—and $2,500—in Five European Hotspots
Here’s What You Get for $350—and $2,500—in Five European Hotspots
Here’s What You Get for $350—and $2,500—in Five European HotspotsHere’s What You Get for $350—and $2,500—in Five European Hotspots
Four Magical Places in Italy That Few Tourists Know AboutFour Magical Places in Italy That Few Tourists Know About
Four Magical Places in Italy That Few Tourists Know About
Four Magical Places in Italy That Few Tourists Know AboutFour Magical Places in Italy That Few Tourists Know About
These 11 Mother’s Day Gifts Are So Much More Than Merely UsefulThese 11 Mother’s Day Gifts Are So Much More Than Merely Useful
These 11 Mother’s Day Gifts Are So Much More Than Merely Useful
These 11 Mother’s Day Gifts Are So Much More Than Merely UsefulThese 11 Mother’s Day Gifts Are So Much More Than Merely Useful
Giant diptych Murals on walls along the Meuse River in Liege, Wallonia, BelgiumGiant diptych Murals on walls along the Meuse River in Liege, Wallonia, Belgium
An Overlooked Belgian City Has Quietly Become a Street-Art Haven
Giant diptych Murals on walls along the Meuse River in Liege, Wallonia, BelgiumGiant diptych Murals on walls along the Meuse River in Liege, Wallonia, Belgium

Economics

Inflation & PricesIndicatorsCentral Banks
Operations at Fortescue Metals Christmas Creek Mine Operations at Fortescue Metals Christmas Creek Mine
Australia’s Trade Surplus Narrows as Households Defy High Rates
Taiwan May Hike Rates Again If Prices Don’t Fall, Minutes Show
South Africa Factory Mood Surges to Near Two-Year High
The Spotlight’s on Powell as Fed-Easing Dream FadesThe Spotlight’s on Powell as Fed-Easing Dream Fades
Newsletter: Economics Daily
The Spotlight’s on Powell as Fed-Easing Dream Fades
Instant Reaction: Jay Powell on Fed Policy (Podcast)Instant Reaction: Jay Powell on Fed Policy (Podcast)
Listen (26:38)
Instant Reaction: Jay Powell on Fed Policy

CityLab

Billionaire-Backed Developer Asks Voters to Approve New California CityBillionaire-Backed Developer Asks Voters to Approve New California City
Billionaire-Backed Effort to Build New California City Advances to November Ballot
Billionaire-Backed Developer Asks Voters to Approve New California CityBillionaire-Backed Developer Asks Voters to Approve New California City
The tree-lined Avenida Paseo de la Reforma in Mexico City — a city whose scale and environmental precarity have made it a rich source of urban solutions. The tree-lined Avenida Paseo de la Reforma in Mexico City — a city whose scale and environmental precarity have made it a rich source of urban solutions. 
Also Migrating From Latin America: A Wave of Urban Innovation
The tree-lined Avenida Paseo de la Reforma in Mexico City — a city whose scale and environmental precarity have made it a rich source of urban solutions. The tree-lined Avenida Paseo de la Reforma in Mexico City — a city whose scale and environmental precarity have made it a rich source of urban solutions. 
US-TRANSPORT-LIFESTYLEUS-TRANSPORT-LIFESTYLE
NYC Budget Will Consider Climate Impacts of Spending
US-TRANSPORT-LIFESTYLEUS-TRANSPORT-LIFESTYLE
American Eagle to Relocate NYC Offices to Madison Avenue TowerAmerican Eagle to Relocate NYC Offices to Madison Avenue Tower
American Eagle to Relocate NYC Offices to Madison Avenue Tower
American Eagle to Relocate NYC Offices to Madison Avenue TowerAmerican Eagle to Relocate NYC Offices to Madison Avenue Tower

Work + Life

Work ShiftEqualityBusiness of Sports
DraftKings Inc. And FanDuel Inc. Applications As Ad Spending IncreasesDraftKings Inc. And FanDuel Inc. Applications As Ad Spending Increases
Zia Morales/Bloomberg
Sports-Betting Companies Cut Their Ad Spending by 21% Last Year
Amazon CEO’s Comments Violated Labor Law, NLRB Judge Rules
This Beauty Pioneer Is Taking the Next Generation Under Her Wing
Michael Andretti Plans to Finally Conquer F1Michael Andretti Plans to Finally Conquer F1
Watch (24:01)
Michael Andretti Plans to Finally Conquer F1
Overturning Weinstein’s Rape Conviction Fires Up #MeToo AgainOverturning Weinstein’s Rape Conviction Fires Up #MeToo Again
Newsletter: Equality
Overturning Weinstein’s Rape Conviction Fires Up #MeToo Again

Markets Magazine

Markets Magazine_EgyptMarkets Magazine_Egypt
Hemis / Alamy
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.
By Mirette Magdy and Michael Gunn
The Errors Tour: How the Pros Bungled the End of Zero Interest RatesThe Errors Tour: How the Pros Bungled the End of Zero Interest Rates

More from this issue:

The Errors Tour: How the Pros Bungled the End of Zero Interest RatesWhy NYC Apartment Buildings Are on Sale Now for 50% OffThe Most Costly Investment Mistake You Can Make Is Easy to Avoid
SurveillanceSurveillance
Surveying the World’s Path From Fossil Fuels to Clean Energy
Energy executives warn that it will be a long and costly journey, while activists and analysts say there are significant rewards and little time to waste. 
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.
The Errors Tour: How the Pros Bungled the End of Zero Interest Rates
A look at the ways forecasters, traders and executives missed the mark over the past two years. And at the lessons learned.
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