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Donald Trump and Elon Musk DIPTYCH COMBO — Anna Moneymaker, Allison Robbert/Getty Images

Musk-Trump Breakup Exposes Cracks in Wall Street’s Meme Casino

Investors aren’t just trading in stocks or crypto, they’re paying for proximity to dominant personalities.

Trump Gives Musk Silent Treatment, Will Consider Cutting Contracts

Social Security Administration — Stefani Reynolds/Bloomberg

Supreme Court Gives DOGE Access to Social Security Data

The move lifts restrictions a judge said were needed to protect the privacy of millions of Americans.

Supreme Court Leaves Intact Ban on High-Capacity Gun Magazines

sergii-vertical

Weekend Interview

Ukraine’s Finance Minister: ‘War Is Like a Black Box’

By Mishal Husain

Heads Of State Attend G7 Meeting - Day Two

Can the G-7 Survive Vladimir Putin and Donald Trump?

weekend-tutor-lede-horizontal

Singapore’s Private Tutoring Boom Reveals the Hidden Cost of Success

0606_WEEKEND_MONOGRAM_LEDE

The Case for Monogramming Everything

In Congo, Chinese Hustlers Seek Relief From Pressures Back Home

For ambitious people in China, an economic slowdown and intense competition mean it’s sometimes easier to find success in African countries.

Taking Predictable Vacations Is Bad for Your Brain

Experiences that don’t fit neatly into our definition of “safe” are often the most surprising — and the most biologically satisfying.

Private Equity Doesn’t Actually Want to Kill the American Dream

Megan Greenwell’s Bad Company fails to deliver on its thesis that the business model only succeeds at the expense of portfolio companies.

Latest

55 min

Dutch Far-Right Leader’s Bid for More Power Risks Flopping

1 hr

Taiwan’s Yageo Plans to Keep Shibaura’s AI Technology in Japan

1 hr

The $30 Million Plan to Overhaul Tourism Around Egypt’s Pyramids

2 hr

Starmer’s Tilt Left to Appease Labour Rebels Exposes Tensions

4 hr

China Central Bank Extends Gold-Buying Streak for Seventh Month

5 hr

Rio Tinto Eyes Bailout for Australian Aluminum Smelter, AFR Says

Bloomberg News Now

Listen to the latest: Abrego Garcia Charged, SCOTUS Gives DOGE Data Access, More

4:56

updated 3 hr ago

Bloomberg Opinion

President Trump Speaks Alongside Tesla Vehicles At The White House

Bloomberg Opinion

Musk Picks a Fight With the White House and Tesla Loses

The politics of the world's richest man have proved toxic for the EV maker, but what comes next may be far worse.

By Liam Denning, Columnist

‘Reverse Discrimination’ Ruling Is a Win for the Rule of Law

By Noah Feldman, Columnist

UBS’s $26 Billion Capital Hit Isn’t Quite as Bad as It Seems

By Paul J. Davies, Columnist

Private Equity in 401(k)s Isn’t as Smart as It Seems

Editorial Board

Listen, Watch and Catch Up

Markets, Tesla Rise in Musk-Trump Spat Aftermath

Newsletter: Evening Briefing: Americas

Markets, Tesla Rise in Musk-Trump Spat Aftermath

Big Take: The New Economics of Broadway (Podcast)

Big Take: The New Economics of Broadway

What’s Next for Trump’s Tax Bill and Musk’s Billions

Newsletter: Washington Edition

What’s Next for Trump’s Tax Bill and Musk’s Billions

Money Stuff Podcast: Learn to Perch: WFC, BBB, TOPS

Money Stuff Podcast: Learn to Perch: WFC, BBB, TOPS

Lots More on Trade Tariffs at America’s Busiest Port (Podcast)

Lots More on What America’s Busiest Port is Seeing from the Trade Tariffs

Markets, Tesla Rise in Musk-Trump Spat Aftermath

Newsletter: Evening Briefing: Americas

Markets, Tesla Rise in Musk-Trump Spat Aftermath

Big Take: The New Economics of Broadway (Podcast)

Big Take: The New Economics of Broadway

What’s Next for Trump’s Tax Bill and Musk’s Billions

Newsletter: Washington Edition

What’s Next for Trump’s Tax Bill and Musk’s Billions

Money Stuff Podcast: Learn to Perch: WFC, BBB, TOPS

Money Stuff Podcast: Learn to Perch: WFC, BBB, TOPS

Lots More on Trade Tariffs at America’s Busiest Port (Podcast)

Lots More on What America’s Busiest Port is Seeing from the Trade Tariffs

Trump Says Xi to Restart Rare Earth Flows, Sets Date for Talks — Heywood Yu/Bloomberg

Trump Says Xi to Restart Rare Earth Flows, Sets Date for Talks

The world’s two largest economies look to resolve a simmering dispute over tariffs and technology that has unnerved markets.

What to Expect From US, China Trade Talks Monday?

What to Expect From US, China Trade Talks Monday?

Immigration Deportations — Lara Azevedo-McCaffrey/KPBS/AP

Stun Grenades, Armored Trucks in ICE Raids Spur Tensions

Related

Abrego Garcia Charged With Illegally Transporting Migrants

Harvard Gets Other Universities’ Backing in Trump Funding Fight

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

Everybody’s Business From Bloomberg Businessweek

Everybody's Business

A 'Big, Beautiful' Feud

32:48

The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling — Maxime Mouysset for Bloomberg Businessweek

The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling

When a notorious gang of Ukrainian cybercriminals hit a crucial database, the regulator quickly downplayed the breach. One of the hackers says the system is still a soft target.

Latest

55 min

Dutch Far-Right Leader’s Bid for More Power Risks Flopping

1 hr

Taiwan’s Yageo Plans to Keep Shibaura’s AI Technology in Japan

1 hr

The $30 Million Plan to Overhaul Tourism Around Egypt’s Pyramids

2 hr

Starmer’s Tilt Left to Appease Labour Rebels Exposes Tensions

4 hr

China Central Bank Extends Gold-Buying Streak for Seventh Month

5 hr

Rio Tinto Eyes Bailout for Australian Aluminum Smelter, AFR Says

Listen, Watch and Catch Up

Markets, Tesla Rise in Musk-Trump Spat Aftermath

Newsletter: Evening Briefing: Americas

Markets, Tesla Rise in Musk-Trump Spat Aftermath

Big Take: The New Economics of Broadway (Podcast)

Big Take: The New Economics of Broadway

What’s Next for Trump’s Tax Bill and Musk’s Billions

Newsletter: Washington Edition

What’s Next for Trump’s Tax Bill and Musk’s Billions

Money Stuff Podcast: Learn to Perch: WFC, BBB, TOPS

Money Stuff Podcast: Learn to Perch: WFC, BBB, TOPS

Lots More on Trade Tariffs at America’s Busiest Port (Podcast)

Lots More on What America’s Busiest Port is Seeing from the Trade Tariffs

Markets, Tesla Rise in Musk-Trump Spat Aftermath

Newsletter: Evening Briefing: Americas

Markets, Tesla Rise in Musk-Trump Spat Aftermath

Big Take: The New Economics of Broadway (Podcast)

Big Take: The New Economics of Broadway

What’s Next for Trump’s Tax Bill and Musk’s Billions

Newsletter: Washington Edition

What’s Next for Trump’s Tax Bill and Musk’s Billions

Money Stuff Podcast: Learn to Perch: WFC, BBB, TOPS

Money Stuff Podcast: Learn to Perch: WFC, BBB, TOPS

Lots More on Trade Tariffs at America’s Busiest Port (Podcast)

Lots More on What America’s Busiest Port is Seeing from the Trade Tariffs

Bloomberg News Now

Listen to the latest: Abrego Garcia Charged, SCOTUS Gives DOGE Data Access, More

4:56

updated 3 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

Everybody’s Business From Bloomberg Businessweek

Everybody's Business

A 'Big, Beautiful' Feud

32:48

Inside the LG Group Sciencepark R&D Complex

Latin America: Underowned, Undervalued and Poorly Labeled

LNG

Taiwan Official Discusses US Energy Cooperation at Alaska Summit

State And Federal Officials Begin Debris Removal After Los Angeles Fires

Newsom Strikes Back at Trump After Reports of Federal Aid Cuts

Boeing Starliner Launches Manned Test Flight To International Space Station

NASA Delays Next Flight of Boeing’s Alternative to SpaceX Dragon

Bloomberg Businessweek

Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again — Nic Antaya for Bloomberg Businessweek

Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again

The Rocket Mortgage owner, fresh off back-to-back acquisitions, is having a blast spending his fortune.

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

Cuts to US Aid Imperil the World’s Largest HIV Treatment Program

Cuts to US Aid Imperil the World’s Largest HIV Treatment Program

In South Africa, clinics serving marginalized groups—migrants, gay men and sex workers—are shutting down as funds dry up.

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.

How Celebrity Deepfakes Supercharged a Florida Health-Care Hustle

A wannabe hip-hop mogul and a onetime porn-video recruiter turned Obamacare into a lucrative get-rich-quick scheme, with an assist from Bain Capital.

Markets

ETFs Crypto Deals

Gold — Chris Ratcliffe/Bloomberg

China Central Bank Extends Gold-Buying Streak for Seventh Month

Rio Tinto Eyes Bailout for Australian Aluminum Smelter, AFR Says

S&P Dow Jones Leaves S&P 500 Unchanged in Rebalance

America’s Data Disaster Is Already Here

Newsletter: Odd Lots

America’s Data Disaster Is Already Here

New World Is a Reminder China’s Real Estate Crisis Isn't Over

Newsletter: The Brink

New World Is a Reminder China’s Real Estate Crisis Isn't Over

Bloomberg Originals

Nintendo’s High-Stakes Bet on the Switch 2

Nintendo’s High-Stakes Bet on the Switch 2

Why There’s a Battle to Own 7-Eleven

Why There’s a Battle to Own 7-Eleven

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?

Space

Rockets, Teslas, a Giant Head: Musk Adds a Texas City to Empire

Trump Threat to Pull Musk Contracts Imperils Space Ambitions

Ken Griffin Gets His Name on Chicago Museum After Leaving City

Musk Walks Back Threat to Decommission Dragon Spacecraft

Ispace Resilience

Japan Space Ambitions Dealt Blow After Ispace Moon Landing Fails

Senate Commerce Committee Holds Confirmation Hearing For Jared Isaacman And Olivia Trusy

Former Trump NASA Nominee Suggests Ties to Musk Caused His Ouster

Technology

AI Cybersecurity Screentime

Pierre Chen — Debby Wu/Bloomberg

Taiwan’s Yageo Plans to Keep Shibaura’s AI Technology in Japan

Perplexity, Google Bet Web Browsers Are a New Frontier for AI

The New Billionaires of the AI Boom

Elon, Inc: Elon and Trump Are Breaking Up in Public. What Happens Next? (Podcast)

Elon, Inc: Elon and Trump Are Breaking Up in Public

Uber CEO Makes Moves to Entice Customers to Use All His Services

Newsletter: Tech In Depth

Uber CEO Makes Moves to Entice Customers to Use All His Services

Wealth

Chile Releases Economic Activity Figures

Where to Go as the US Exceptionalism Trade Ends

Harvard Dragged Deeper Into Trump's 'America First' Visa Fight

Trump-Harvard Spat Roils US Campuses With Visas Under Threat

Tiananmen Square and the Great Hall of the People in Beijing Ahead of NPC

Is China Reversing Its ‘Uninvestable’ Image?

President Trump Speaks Alongside Tesla Vehicles At The White House

Elon Musk’s Feud With Trump Spurs One of His Worst Wealth Losses Ever

Politics

UK Europe Middle East Asia

Geert Wilders speaks to members of the media in The Hague, on June 3. — Remko De Waal/AFP/Getty Images

Dutch Far-Right Leader’s Bid for More Power Risks Flopping

Starmer’s Tilt Left to Appease Labour Rebels Exposes Tensions

South Korea Says Trump Agrees to Ramp Up Tariff Talks With Lee

What’s Next for Trump’s Tax Bill and Musk’s Billions

Newsletter: Washington Edition

What’s Next for Trump’s Tax Bill and Musk’s Billions

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

Big Take DC: Stephen Miran on Market Woes and Currency

Explainers

TOPSHOT-ISRAEL-PALESTINIAN-CONFLICT

All About the ICC Case Against Israel’s Netanyahu

Harvard Dragged Deeper Into Trump's 'America First' Visa Fight

Here Are the Many Ways Trump Is Attacking Harvard

Puerto Rico Faces Extensive Damage After Hurricane Maria

What Trump’s FEMA Cuts Mean for Hurricane Season

The UBS annual general meeting in Lucerne, Switzerland, on April 10.

What Next for UBS After Swiss Lay Out Capital Demand?

Industries

Legal Energy Health

Tesla Inc. Charging Station in France as Sales Plummet — Jeremy Suyker/Bloomberg

Tesla’s EV Deliveries Are Seen Falling as Demand Erodes Sharply

Walmart CFO Says Shoppers Remain Focused on Food, Essentials

Tesla’s Head of Optimus Humanoid Robot Program Exits Company

The Deal: Susie Wolff (Podcasts)

The Deal: Susie Wolff (Podcasts)

Japan’s Ispace Tries Again To Stick the Moon Landing

Newsletter: Business of Space

Japan’s Ispace Tries Again To Stick the Moon Landing

Bloomberg en Español

Suscríbase aquí al boletín Cinco Cosas

Política migratoria de Trump en EE.UU. depende de cárceles privadas

Política migratoria de Trump en EE.UU. depende de cárceles privadas

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

Green

New Energy Greener Living ESG Investing

SAFRICA-WEATHER-FLOOD — Marco Longari/AFP/Getty Images

South African Insurers to Face Climate Stress Test, SARB Says

Switzerland Pledges $6 Million Support for Glacier-Hit Village

Hong Kong Tracks System That May Develop Into First 2025 Typhoon

Zero: Labor Shortages Are Holding Back Electrification (Podcast)

Zero: Labor Shortages Are Holding Back Electrification

An Optimist's Guide to the Planet Trailer

An Optimist's Guide to the Planet Trailer

Pursuits

Egypt’s New Pyramids Experience Aims to End Lingering Annoyances

The $30 Million Plan to Overhaul Tourism Around Egypt’s Pyramids

ArcLight Chain Shuts Down In Sign Theaters Aren’t Out Of Trouble

Netflix Director Jay Hoag Fails to Win Reelection to Board

Central Park Davis Center for the Harlem Meer

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

Horse Racing 2025: Preakness Stakes Day May 17

Bet Against Journalism in Belmont Stakes: David Papadopoulos

Economics

Inflation & Prices Indicators Central Banks

Ryosei Akazawa — Stefani Reynolds/Bloomberg

Japan Won’t Wait for G-7 Summit for Possible US Trade Deal

Finance Chief Signals That Colombia Will Suspend Fiscal Rule

Austria Rating Cut to Record Low by Fitch as Budget Woes Persist

Bessent Looks to Revamp Currency Monitoring After Damage Done

Newsletter: Economics Daily

Bessent Looks to Revamp Currency Monitoring After Damage Done

Bloomberg Surveillance: Jobs and Musk (Podcast)

Bloomberg Surveillance: Jobs and Musk

CityLab

Senator Calls for Closing Troubled ICE Detention Facility in New Mexico

Senator Calls for Closing Troubled ICE Detention Facility in New Mexico

National Portrait Gallery's 2019 November Gala

Trump Said He Fired the National Portrait Gallery Director. She’s Still There.

Subway Station in Madrid

Where Public Transit Systems Are Bouncing Back Around the World

Next Stop: Rancho Cucamonga!

Next Stop: Rancho Cucamonga!

Work & Life

Management & Work Equality Business of Sports

Group of Business People Collaborating Around Table — Delmaine Donson/E+/Getty Images

US Companies Delay Impact Reports With DEI, ESG Under Attack

Nike and JPMorgan are on a list of companies that are pushing back or changing the release timing of sustainability and diversity reports.

Bet Against Journalism in Belmont Stakes: David Papadopoulos

Vail Cuts Outlook, Underscoring Big Job Ahead for Returning CEO

Billionaire Bill Koch on Collecting Wine, Avoiding Counterfeits

Newsletter: Top Shelf

Billionaire Bill Koch on Collecting Wine, Avoiding Counterfeits

Why Does Big Tech Produce So Few CEOs?

Newsletter: Working Capital

Why Does Big Tech Produce So Few CEOs?

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.