Wall Street Banks Are Battling for Japan’s Top Young Talent
Japan’s hottest banking talent is in high demand as Wall Street goes all out to woo new hires with fancy dinners, strong-arm tactics and higher salaries. On today’s Big Take Asia Podcast, Bloomberg’s Lisa Du talks to host K. Oanh Ha about why firms are resorting to extreme measures and the problem…
How a 10-Minute Video Call Changed the Oil Market
OPEC+, a coalition of some of the world’s top oil producers, surprised markets over the weekend with plans to boost production by more than half a million barrels a day. The increase comes at a time when investors are worried about oversupply. So what was behind the decision? Bloomberg’s Joumanna …
China's Plans to Make AI a Utility
In a remote part of China's northwestern Xinjiang region, dozens of data centers rise from the desert. A Bloomberg analysis of investor and tax documents and company filings found Chinese companies plan to buy more than 115,000 high-tech Nvidia chips — chips the US has banned from being exported to…
The White House Wanted ‘90 Deals in 90 Days.’ There’s One Day Left
In late April, shortly after President Trump’s announcement of sweeping reciprocal tariffs sent markets reeling, the White House announced a 90-day pause on when those tariffs would go into effect. That pause is about to end and while the Trump administration has announced a few tentative trade ag…
A Farewell to an American Icon: The Penny
For decades, the penny has cost more to produce than it’s worth. Now, the US government is finally stopping production of the one-cent coin for good. So, how did we get here? And what does it mean for those little Abraham Lincolns stuck behind your couch cushions? On today’s Big Take podcast, Bloo…
With Tax Bill, Trump Ushers in New Era of Executive Power
After weeks of legislative wrangling, the House passed President Trump’s signature tax bill, sending it to his desk just before his July 4 deadline. It's the latest in a sweep of major victories on legislative, military and legal fronts, all of which could impact how Trump enacts his agenda going f…
The Great Car Buying Bonanza Is (Probably) Over
The auto sector saw buyers race to dealerships after President Trump announced 25% tariffs on car imports and parts from outside the US. And according to new data this week, sales from major automakers appear to be losing steam ahead of Trump’s July 9 tariff deadline. Today on the Big Take, ho…
The American Toymaker Suing Trump Over Destructive Tariffs
Trump’s trade war has thrown American businesses, which source everything from aircraft parts to baby strollers from China, into chaos. Now some companies are challenging the president’s tariff rulings in the courts. On today’s Big Take Asia Podcast, host K. Oanh Ha is joined by Rick Woldenberg, …
Cruises Are So Back — And Straining Port Cities
The cruise industry is an outlier right now. Even as US summer travel is down, cruise companies are setting sail with record numbers of passengers this year. But as the industry tries to keep up with this demand, it’s facing growing pains in the port cities it relies on most. On today’s Big Take p…
Zohran Mamdani, the Socialist Who Could Be NYC's New Mayor
This week, Zohran Mamdani won the first round of the Democratic primary for mayor of New York City, making him the presumptive party nominee and the early favorite to win November's general election. Endorsed by the Democratic Socialists of America, he's proposing rent freezes, universal childcare,…