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The first word in business news.
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The Big Take podcast: trib.al/jtoXfuT


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Hurricane Beryl is barreling toward Jamaica, where residents were told to stay indoors as the storm threatens to make landfall later Wednesday with tree-snapping winds and dangerous storm surge

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NEW: Dozens of Democratic lawmakers are considering signing a letter demanding President Joe Biden withdraw from the race, a senior party official said, as panic mounts that he’ll cost them control of Congress

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A White House spokesperson denies a report that President Joe Biden is considering dropping out of the 2024 race

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President Joe Biden plans to speak with Democratic governors, as he works furiously to quell calls to end his reelection bid and let another Democrat take on Donald Trump

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Here are possible scenarios — including some wildcards — that could unfold in the UK general election

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🎙 Bankers at China’s oldest investment bank, CICC, are pledging their loyalty to the Communist Party. What does that mean for its future?

Listen to the Big Take Asia podcast link.podtrac.com/73kxj8my

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BREAKING: Donald Trump's sentencing in his hush-money criminal case is delayed to Sept. 18

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Online shopping warehouses are reshaping Rural America. They’re changing the economies, schools and even the topography in parts of the country

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Exclusive: The Democratic National Committee is considering formally nominating Joe Biden as early as mid-July to help stamp out chatter of replacing him

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President Joe Biden's weak debate performance has raised questions about the possibility of a different Democratic candidate. Here's how the various scenarios might work ⤵️

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New: The Supreme Court ruled Trump might have some immunity from criminal charges related to the Jan. 6 Capitol riot, likely delaying his trial

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The Supreme Court ruled in debit-card swipe fees case that some regulations can be challenged long after being enacted, a blow to federal agencies

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In the first five months of this year, three New Jersey Transit rail lines that are among its busiest saw the worst on-time performance on average since the same period before the pandemic

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Reposted by Bloomberg

Saritha Rai's avatar Saritha Rai @saritharai.bsky.social
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The great Chinese AI migration
As tensions mount between the China and the US, Chinese AI entrepreneurs are moving to Singapore in search of global capital, compute power and international customers
tinyurl.com/4rh6wfv2
via @bloomberg.com
#AI

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The Justice Department has told Boeing that it will charge the planemaker with fraud, leaving the company to choose between pleading guilty or taking the risk of going to trial

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Inflation and the cost of living have been the top concerns going into the election, far ahead of unemployment or the state of the education system

Read more: www.bloomberg.com/news/live-bl...

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Polls show Macron’s key opponents — the National Rally and its allies — on track to become the biggest formation in the French assembly. Marine Le Pen’s group would need 289 lawmakers to have an absolute majority

Read more: www.bloomberg.com/news/live-bl...

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Figures show 59.4% of registered voters had cast a ballot as of 5 p.m. Paris time, compared with 39.4% at the same time in the last vote, according to the Interior Ministry

Read more: www.bloomberg.com/news/live-bl...

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French voters are turning out at the highest level in nearly 40 years Follow our free live blog for the latest analysis ⤵️

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New: Inside the panic among Democratic circles after Biden's disastrous debate

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Exclusive: Fed Chairman Jerome Powell was duped into joining a video chat with Russian pranksters posing as the Ukrainian president. Internal documents reveal how easily it happened

1 replies 4 reposts 12 likes


Reposted by Bloomberg

Jason Leopold 's avatar Jason Leopold @jasonleopold.bsky.social
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NEW FOIA Files EXCLUSIVE: I obtained the internal Federal Reserve report and a set of amazing emails that lays bare how Chairman Jerome Powell was duped was duped into joining a video chat with a pair of Russian pranksters posing as President Zelenskiy

www.bloomberg.com/news/newslet...

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Breaking: The Supreme Court sided with a Jan. 6 defendant in a ruling that could affect hundreds of prosecutions, including a criminal case against Trump

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Breaking: The US Supreme Court overturned the decades-old Chevron legal doctrine that empowered federal watchdog agencies to interpret unclear laws

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President Joe Biden bet that a debate with Republican Donald Trump would boost his moribund reelection campaign. His gamble failed.

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Biden floundered during the presidential debate against Trump, failing a key test to show voters he’s up for a second term. Here's what you need to know⤵️

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President Joe Biden stumbled through exchanges in the presidential debate, a performance that risks exacerbating concerns about his campaign. But Trump’s performance was not without missteps of his own.

The debate got testy at times between the candidates. Read more: bloom.bg/4eHCZfF

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The CNN Presidential Debate featuring President Joe Biden and Donald Trump is starting soon. It's the first time the two have appeared together in public since their last debate in the 2020 campaign. Read the latest updates in our live blog for free ⤵️

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Tonight's debate is the first between a sitting and former president, the latter also the first convicted felon to be a major party candidate. The candidates will likely spar over border security, the economy and abortion ⤵️

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President Joe Biden and former President Donald Trump will face off for their first 2024 debate. Read more on what to expect: bloom.bg/election2024...

Tune in for live coverage and analysis starting at 8 pm ET

0 replies 0 reposts 6 likes


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Denmark is nudging its citizens to consume less meat and dairy as part of a first-of-its kind strategy for promoting plant-based food to help reduce carbon emissions

1 replies 14 reposts 59 likes


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The NFL was hit with about $4.7 billion in damages — which could be tripled under federal law — after losing a jury trial over anticompetitive features of its Sunday Ticket broadcast package

2 replies 6 reposts 27 likes


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Exclusive: Donors to Donald Trump paid $25,000 to pose a question in a virtual fundraiser to North Dakota Governor Doug Burgum — one of the top contenders to be Trump’s running mate

1 replies 4 reposts 10 likes


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“Politics aside, if you ask a trader whether he wants placid Biden or stormy Trump, the trader is going big wave surfing — so it’s Trump,” said one hedge fund manager. “Trump is more volatile and unpredictable.”

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New: The Supreme Court makes official that it will allow emergency abortions in Idaho for now

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New: The Supreme Court curbed the SEC’s ability to press fraud complaints before in-house judges

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New: The Supreme Court rejected Purdue Pharma's $6 billion opioid settlement, saying the deal would improperly shield the company's Sackler family owners

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New: The Supreme Court blocked a rule that would impose emissions restrictions on power plants in some states to stem ozone pollution downwind

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If French voters reject Macron the personality, they’ll also be rejecting his biggest idea, a vision of Europe, essentially federal in nature, confident in its liberal values, and with the ambition to compete with the world’s biggest powers. Read the Year of Elections newsletter ⤵️

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Texas is already the US epicenter of extreme weather, with storms, fires and floods racking up billions in damage. It's going to get worse

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Bolivia’s presidential palace was stormed by soldiers led by a top general on Wednesday in an apparent coup attempt, shortly after an armored vehicle crashed into the building

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Bill Gates says artificial intelligence will "pay for itself" when it comes to its associated greenhouse gas emissions as the technology will help push forward the energy transition

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Read the full text of a Supreme Court opinion on Idaho's abortion ban that was briefly posted to its website

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Exclusive: The Supreme Court will allow emergency abortions in Idaho, according to an opinion obtained by Bloomberg Law that appeared briefly online

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The MTA plans to defer $16.5 billion worth of capital upgrades to modernize New York City’s aging transit system after Governor Kathy Hochul paused a congestion pricing plan

1 replies 5 reposts 16 likes


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Breaking: The US Supreme Court cleared the Biden administration to communicate freely with social media companies in an election-year ruling that bolsters the government’s ability to seek removal of what officials see as misinformation

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For six years, Tesla has sold more electric cars in the US than every other carmaker combined. That streak may be coming to an end this month.

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President Joe Biden is giving mass clemency to US service members convicted of charges under a Cold War-era purge of gay and lesbian people

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The Bill Hwang tapes and chats: How 72 hours of confusion across Wall Street cost banks $10 billion

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