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Watch: Hegseth Warns About China Threat, Urges Asian Allies to Boost Defense Spending

Hegseth Warns Allies About China, Presses Defense Spending

The defense secretary pressed US partners in Asia to boost defense spending toward 5% of gross domestic product, warning that more urgency is needed to prepare for a potential Chinese invasion of Taiwan.

Related

India Confirms It Lost Fighter Jets in Recent Pakistan Conflict

Follow the live blog from the Shangri-La Dialogue defense summit

President Trump Speaks On US Steel Deal At US Steel Irvin Works — Rebecca Droke/Bloomberg

Trump to Hike Steel, Aluminum Tariffs to Aid Nippon-US Steel

The White House said the rate hike would go into effect next week.

Related

China’s Factory Activity Contraction Eases After Trade War Truce

Trump Wants $1 Billion for Private-Sector-Led Mars Exploration

weekend-interview-vertical

Weekend Interview

Jesse Armstrong: ‘I'm Interested in the Power, Not the Money’

By Mishal Husain

weekend-yacht-lede

Why the Boats Got Bigger as the Rich Got Richer

0530_WEEKEND_INDIA HEAT

Laborers in India Are Having to Choose Between Heatstroke and Pay

weekend-bamboo-lede

How China’s One-Child Policy Led to a Wave of Forced Adoptions

Apple’s Reliance on China Is About Far More Than Labor Costs

A new book argues that the company’s approach to outsourcing is a formidable competitive advantage that would be difficult to unravel.

How Migration and Soft Power Made Indo-European Languages Dominant

History shows that linguistics evolve in unpredictable ways — and that the supremacy of English is not guaranteed.

OpinionJohn Authers

Could Sheinbaum Be Mexico’s Agent of Change?

The president is proving to be a seriously good politician. But some fear she'll become a generous dictator.

Latest

19 min

Thailand’s $115 Billion Budget Clears First Parliamentary Hurdle

35 min

China Auto Body Slams ‘Vicious Competition’ After BYD Price Cuts

45 min

OPEC+ Supply Hike of 411,000 Barrels a Day is Main Scenario

55 min

Charting the Global Economy: US GDP Falls on Larger Trade Hit

1 hr

Aldi Owners Holding Talks About Possible Merger, WiWo Reports

2 hr

How Do We Define a Currency?

Listen, Watch and Catch Up

Odd Lots: How Do We Define a Currency? (Podcast)

Odd Lots: How Do We Define a Currency?

Wall Street Wanders Into a World of ‘Uncomfortable’ Rallies

Newsletter: Evening Briefing: Americas

Wall Street Wanders Into a World of ‘Uncomfortable’ Rallies

Money Stuff Podcast: What Growing Starlings Need: USCIT, GSEs, SBET

Money Stuff Podcast: What Growing Starlings Need:USCIT,GSEs,SBET

Odd Lots: Krishna Memani on Wall Street's Very Expensive 'Free Lunch'

Odd Lots: Krishna Memani on Diversification’s Struggle

Odd Lots: How Do We Define a Currency? (Podcast)

Odd Lots: How Do We Define a Currency?

Wall Street Wanders Into a World of ‘Uncomfortable’ Rallies

Newsletter: Evening Briefing: Americas

Wall Street Wanders Into a World of ‘Uncomfortable’ Rallies

Money Stuff Podcast: What Growing Starlings Need: USCIT, GSEs, SBET

Money Stuff Podcast: What Growing Starlings Need:USCIT,GSEs,SBET

Odd Lots: Krishna Memani on Wall Street's Very Expensive 'Free Lunch'

Odd Lots: Krishna Memani on Diversification’s Struggle

Bloomberg News Now

Listen to the latest: Hegseth Warns on China, S&P Best Month Since ’90, More

5:17

updated 6 hr ago

Bloomberg Opinion

This TACO Gives Trump Indigestion, So Watch Out

Bloomberg Opinion

This TACO Gives Trump Indigestion, So Watch Out

The acronym — Trump Always Chickens Out — bruises the president’s ego and invites a chaotic response, mostly because it’s on the money.

By Timothy L. O'Brien, Columnist

A New Bromance Could Be Forming in the Tech World

By Lara Williams, Columnist

The White House Pardon Office Is Open for Business

By Barbara McQuade, Columnist

Biden’s Parting Gift to Retirees Is Boosting the Economy

By Jonathan Levin, Columnist

Wall Street’s Macro Traders Get Schooled in Trump-Era Turbulence

Macro hedge funds are off to their worst start in at least two decades.

How Do We Define a Currency?

Trump Says Chinese Students at US Colleges Will Be ‘Fine’ — Wang Zhao/AFP/Getty Images

Trump Says Chinese Students at US Colleges Will Be ‘Fine’

Related

Courthouse Arrests Stun Migrants Who Showed Up for Their Hearing

What Happens if Harvard Cuts Down on Foreign Students?

June 1, 2025

AI Advances Are Accelerating, and We’re Not Ready DeepSeek’s ‘Tech Madman’ Founder Is Threatening US Dominance in AI Race Microsoft’s CEO on How AI Will Remake Every Company, Including His

May 1, 2025

GM’s Mary Barra Has to Make a $35 Billion EV Bet Work in Trump’s America It’s Legal to Pay US Workers With Disabilities as Little as 25¢ an Hour The Rise and Fall of the Stock Market’s Music King

April 1, 2025

Google Is Searching for an Answer to ChatGPT How TD Became America’s Most Convenient Bank for Money Launderers A US Drone Maker Tries to Take Back the Country’s Skies

UBTECH Pioneers The World's First Multi-Humanoid Robot Collaborative Training In Multi-Task, Multi-Scenario Settings — VCG/VCGPIX

The Rise of China's Humanoid Robots Worries Elon Musk

Chinese startups are using AI to teach bots to dance, run, fight.

China’s Startups Race to Dominate Humanoid Robot Market

China’s Startups Race to Dominate Humanoid Robot Market

Latest

19 min

Thailand’s $115 Billion Budget Clears First Parliamentary Hurdle

35 min

China Auto Body Slams ‘Vicious Competition’ After BYD Price Cuts

45 min

OPEC+ Supply Hike of 411,000 Barrels a Day is Main Scenario

55 min

Charting the Global Economy: US GDP Falls on Larger Trade Hit

1 hr

Aldi Owners Holding Talks About Possible Merger, WiWo Reports

2 hr

How Do We Define a Currency?

Listen, Watch and Catch Up

Odd Lots: How Do We Define a Currency? (Podcast)

Odd Lots: How Do We Define a Currency?

Wall Street Wanders Into a World of ‘Uncomfortable’ Rallies

Newsletter: Evening Briefing: Americas

Wall Street Wanders Into a World of ‘Uncomfortable’ Rallies

Money Stuff Podcast: What Growing Starlings Need: USCIT, GSEs, SBET

Money Stuff Podcast: What Growing Starlings Need:USCIT,GSEs,SBET

Odd Lots: Krishna Memani on Wall Street's Very Expensive 'Free Lunch'

Odd Lots: Krishna Memani on Diversification’s Struggle

Odd Lots: How Do We Define a Currency? (Podcast)

Odd Lots: How Do We Define a Currency?

Wall Street Wanders Into a World of ‘Uncomfortable’ Rallies

Newsletter: Evening Briefing: Americas

Wall Street Wanders Into a World of ‘Uncomfortable’ Rallies

Money Stuff Podcast: What Growing Starlings Need: USCIT, GSEs, SBET

Money Stuff Podcast: What Growing Starlings Need:USCIT,GSEs,SBET

Odd Lots: Krishna Memani on Wall Street's Very Expensive 'Free Lunch'

Odd Lots: Krishna Memani on Diversification’s Struggle

Bloomberg News Now

Listen to the latest: Hegseth Warns on China, S&P Best Month Since ’90, More

5:17

updated 6 hr ago

June 1, 2025

AI Advances Are Accelerating, and We’re Not Ready DeepSeek’s ‘Tech Madman’ Founder Is Threatening US Dominance in AI Race Microsoft’s CEO on How AI Will Remake Every Company, Including His

May 1, 2025

GM’s Mary Barra Has to Make a $35 Billion EV Bet Work in Trump’s America It’s Legal to Pay US Workers With Disabilities as Little as 25¢ an Hour The Rise and Fall of the Stock Market’s Music King

April 1, 2025

Google Is Searching for an Answer to ChatGPT How TD Became America’s Most Convenient Bank for Money Launderers A US Drone Maker Tries to Take Back the Country’s Skies

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon Interview

Jamie Dimon Says Crack in the Bond Market Is ‘Going to Happen’

BRAZIL-ECONOMY-POULTRY

China Bans All Poultry Imports From Brazil on Bird Flu Case

Taylor Swift | The Eras Tour - London, UK

Taylor Swift Locked In Her Billionaire Status Before Acquiring Music

South Korea's Presidential Candidate Lee Jae-myung Attends Campaign Event

K-Pop and Breakdance Power South Korea’s High-Stakes Presidential Race

Bloomberg Businessweek

Inside the First Stargate AI Data Center — Bobby Scheidemann for Bloomberg Businessweek

Inside the First Stargate AI Data Center

OpenAI, Oracle and SoftBank hope that the site in Texas is the first of many across the US.

By Shirin Ghaffary, Brody Ford and Emily Chang

June 1, 2025

More from this issue:

AI Advances Are Accelerating, and We’re Not Ready DeepSeek’s ‘Tech Madman’ Founder Is Threatening US Dominance in AI Race Microsoft’s CEO on How AI Will Remake Every Company, Including His

YouTube Is Swallowing TV Whole, and It’s Coming for the Sitcom

YouTube Is Swallowing TV Whole, and It’s Coming for the Sitcom

Creators are making longer shows to meet viewers where they are: increasingly, in front of their TVs.

Is Musk Really Quitting Politics...for Banking?

In this week’s episode of Elon, Inc., we chat about Elon’s promises, what his strategy may be and whether an X payment system could possibly find mass appeal.

Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back?

Meta’s CEO has done everything he can to win over Trump, and it’s not clear how much he has to show for it.

Markets

ETFs Crypto Deals

This Is Where Saudi Arabia Gets Its Oil

OPEC+ Supply Hike of 411,000 Barrels a Day is Main Scenario

Philippine Casino Operator Hann Files IPO Prospectus, CEO Says

Chinese Listing Spree Sparks Revival Hopes in Hong Kong Stocks

Odd Lots: How Do We Define a Currency? (Podcast)

Odd Lots: How Do We Define a Currency?

Country Garden’s $14 Billion Restructuring Hits a Hurdle

Newsletter: The Brink

Country Garden’s $14 Billion Restructuring Hits a Hurdle

Bloomberg Originals

How Gulf Giants Are Gathering Soft Power

How Gulf Giants Are Gathering Soft Power

Is the Age of American Exceptionalism Over?

Is the Age of American Exceptionalism Over?

Can You Americanize the Premier League?

Can You Americanize the Premier League?

President Trump Holds Cabinet Meeting

Elon Musk’s 100-Day Bet

Space

Northrop Grumman Invests in Defense-Focused Space Startup

Northrop Grumman Invests in Defense-Focused Space Startup

Eutelsat Satellite Operations As Stunning Gains Leave Short Sellers Scrambling

Satellite Operators Unload Ground Stations to Battle Starlink

APTOPIX SpaceX Starship Launch

Musk Vows to Ramp Up Starship Launches After Mid-Flight Rupture

US-SPACE-AEROSPACE-SPACEX-STARSHIP

SpaceX Starship Destroyed in Third Straight Fiery Test Setback

Technology

AI Cybersecurity Screentime

Key Speakers At The Forbes Health Care Summit — Michael Nagle/Bloomberg

Andreessen Horowitz in Deal Talks Valuing Abridge AI at $5.3 Billion

The startup is raising $300 million for software that takes notes on conversations with doctors and patients.

Why EA Canceled a New ‘Black Panther’ Video Game

The New Billionaires of the AI Boom

Elon, Inc: Is Elon Really Quitting Politics... for Banking? (Podcast)

Elon, Inc: Is Elon Quitting Politics... for Banking?

Nvidia Lays Out Worst-Case Scenario in Bid to Open China Market

Newsletter: Tech In Depth

Nvidia Lays Out Worst-Case Scenario in Bid to Open China Market

Wealth

Westend Residential Property Ahead Of UK Housing Figures

Peak Humanity, House Prices and Why UK Pubs Are Vanishing

San Francisco Office Towers Sell in City’s Biggest Deal Since 2022

San Francisco Office Towers Sell in City’s Biggest Deal Since 2022

New York City As Covid Restrictions Are Lifted After Reaching Vaccine Goal

NYC Property Heirs Battle Over More Than $1.7 Billion in Assets

President Trump Swears In Jeanine Pirro As Interim US Attorney For The District Of Columbia

What Trump’s Tariff Trials May Mean for Markets

Politics

UK Europe Middle East Asia

Turkish Markets Nosedive After Erdogan’s Main Rival Detained — Kerem Uzel/Bloomberg

Turkey Issues Raft of Warrants in Mayor Probe, Anadolu Says

Australia Says US Not Making Demands Over Chinese-Owned Port

Europe Sees China-Russia Threat as World’s ‘Greatest Challenge’

Trump Clings to Good News While Risks Pile Up Fast

Newsletter: Washington Edition

Trump Clings to Good News While Risks Pile Up Fast

Big Take DC: Stephen Miran on Market Woes and Currency (Podcast)

Big Take DC: Stephen Miran on Market Woes and Currency

Explainers

How the US Steel Takeover Became About Biden and Swing States

Why Trump’s ‘Golden Share’ in US Steel May Lack Some Luster

President Trump Announces New Tariffs In Rose Garden Speech

What You Need To Know About the Legal Battle Over Trump’s Tariffs

Rafal Trzaskowski May 18

Why Poland’s Election Is a Barometer for Europe’s Populist Wave

Appeals Court Keeps Abortion Pill Mifepristone Available, But With Restrictions

Why the Abortion Pill Mifepristone Is Under Renewed Scrutiny in the US

Industries

Legal Energy Health

The BASF SE Chemical Plant Ahead Of Company's Earnings — Alex Kraus/Bloomberg

BASF Kicks Off €6 Billion Sale of Coatings Business

Telehealth Firm Hims Cuts 4% of Staff in Strategy Shift

Blackstone Lowers Offer for Warehouse REIT, Extends Deadline

The Deal: Josh Harris (Podcast)

The Deal: Josh Harris

Satellite Operators Unload Ground Stations to Battle Starlink

Newsletter: Business of Space

Satellite Operators Unload Ground Stations to Battle Starlink

Bloomberg en Español

Suscríbase aquí al boletín Cinco Cosas

La ciudad china del litio resiste la caída de precios por la autosuficiencia que exige Pekín

La ciudad china del litio resiste la caída de precios por la autosuficiencia que exige Pekín

Cobalto del Congo: el nuevo campo de batalla en la lucha entre China y EE.UU.

Cobalto del Congo: el nuevo campo de batalla en la lucha entre China y EE.UU.

Mary Barra de GM apostó por los autos eléctricos. Ahora, con Trump, debe probar su éxito

Mary Barra de GM apostó por los autos eléctricos. Ahora, con Trump, debe probar su éxito

“No al matrimonio, no a los hijos”: esta nueva dinámica es una bomba de tiempo para China

“No al matrimonio, no a los hijos”: esta nueva dinámica es una bomba de tiempo para China

Green

New Energy Greener Living ESG Investing

Microsoft AI Needs So Much Power It's Tapping Site of US Nuclear Meltdown — Heather Khalifa/Bloomberg

Trump Emergency Order Halts Second Power Plant From Closure

UK Temperatures Could Hit 27C Before Unsettled Weather Arrives

Trump Officials Set for Talks With Asia Leaders on Alaska Energy

Zero: The Device Throttling Our Electrified Future (Podcast)

Zero: The Device Throttling Our Electrified Future

An Optimist's Guide to the Planet Trailer

An Optimist's Guide to the Planet Trailer

Pursuits

Jean-Pierre Review for Hong Kong Newsletter

Hong Kong’s Jean-Pierre Nails the Paris Ambiance With Bistro Favorites

Rangers v Raith Rovers - The William Hill Scottish Cup Fifth Round

49ers Expand Sporting Empire to Buy Scotland’s Rangers FC

Central Park Davis Center for the Harlem Meer

A New Central Park Amenity, Tailored to Its East Harlem Neighbors

PURSUITS_WEB_Wyoming Glass House

An Architectural Masterpiece in Jackson Hole Hits the Market for $60 Million

Economics

Inflation & Prices Indicators Central Banks

US Economy Ahead Of Gross Domestic Product Figures Release — M. Scott Brauer/Bloomberg

Charting the Global Economy: US GDP Falls on Larger Trade Hit

ECB Officials Ready to Keep Working With Convicted Colleague

Fed’s Daly Says Still Comfortable With Two Rate Cuts in 2025

Trade Court Battle Upends Trump Tariff Plan, Clouding Economic Outlook

Newsletter: Economics Daily

Trade Court Battle Upends Trump Tariff Plan, Clouding Economic Outlook

Bloomberg Surveillance: PCE and Tariffs (Podcast)

Bloomberg Surveillance: PCE and Tariffs

CityLab

ALL IMAGES MUST BE EMBARGOED UNTIL 00.01 WEDNESDAY 28 MAY Press preview: V&A East Storehouse, London

At London’s New Design Museum, Visitors Get Hands-On Access

Los Angeles Fire Pushes Northeast, Threatens Brentwood, Encino

LA City Council Passes Budget That Trims Police, Fire Spending

New York Ferry Operator Hornblower Group Files For Bankruptcy

Billionaire Steve Cohen Wants NY to Expand Taxpayer-Backed Ferry

St. Louis Cityscapes And City Views

Where the Wild Children’s Museums Are

Work & Life

Management & Work Equality Business of Sports

Jakarta Suffers Air Pollution At Unhealthy Levels — Muhammad Fadli/Bloomberg

Indonesia Joins Regional Push Against Age Bias in Job Market

49ers Expand Sporting Empire to Buy Scotland’s Rangers FC

DOGE Funding Cuts Prove Fleeting for Groups That Ditch DEI Words

An Architectural Masterpiece in Jackson Hole Hits the Market for $60 Million

New CEOs Face an Uphill Battle When the Predecessor Is Ousted

Newsletter: Working Capital

New CEOs Face an Uphill Battle When the Predecessor Is Ousted

Markets Magazine

Asia FX HP — Glenn Harvey

Asia’s $7.5 Trillion Bet on US Assets Is Suddenly Unraveling

Trump’s policies are turning US markets from a haven into a source of volatility and pain.

By Ruth Carson, Masaki Kondo, Rebecca Choong Wilkins and Diana Li

Bloomberg Markets

More from this issue:

Could the Stock Market Tank the Economy?How to Invest in Crazy Times The Rich Bet on San Francisco

One-Way Trade HP

The End of the Easy US Stock Bet Has Been Good to Contrarians

A climate of economic uncertainty and a weakening dollar have more money flowing to long-ignored diversification bets.

Trump Media Is Coming for Brokerage Accounts With ETF Push

The company owned by a president who is already pushing the boundaries between business and public office is getting into the fund business.

What a Fannie and Freddie IPO Would Mean for Homebuyers

If President Trump gets his way, the US government could relinquish control of the mortgage giants. Here’s what to know about the privatization chatter.