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US President Donald Trump — Andrew Harnik/Getty Images

Trump Says Drug Tariffs Probable by Aug. 1, Downplays More Deals

Stocks Dip as Tariffs, Fed Doubts Hit Sentiment

Indonesia to Face 19% Tariff and Buy 50 Boeing Jets, Trump Says

Where Does Trump’s Tariff Campaign Stand?

Wall Street Traders Set Records as Trump's Tariffs Roil Markets

China’s Property Crisis

Global Impact What Happened?Xi's ‘New Model’

China Vanke Developments in Shanghai as Developer Concerns Deepen With Question Over CEO’s Whereabouts — Qilai Shen/Bloomberg

China Vanke Seeks to Extend Some Bank Loans by Up to 10 Years

China Vanke Says First Half Loss May Widen to $1.67 Billion

Why China Can’t Sort Out Its Property Market Mess

Latest

In this photo illustration, a dairy packaging is seen with — Alexander Sayganov/SOPA/LightRocket/Getty Images

Secretive Family Behind Tetra Pak Bets $9 Billion on Stocks

Singapore Cuts Wait Time for Rich People Seeking to Set Up

Huawei's Trifold Phone Hits Limits of Engineering — Lam Yik/Bloomberg

Huawei Tops China Smartphone Market for First Time in Years

Huawei Seeks AI Chip Clients in Middle East, Southeast Asia

Bloomberg News Now

Listen to the latest: UK Inflation Hits 18-Month High, France In ‘Mortal Danger’, More

updated 1 hr ago

Bloomberg Opinion

Trump-supporting author Nick Adams Holds a Book Signing Event at the Capitol Hill Club

Bloomberg Opinion

Diplomatic Experience Is Optional for the President’s Friends

Trump went for loyalty with ambassadorial nominations in Southeast Asia.

By Karishma Vaswani, Columnist

India and Asean Are Growing Apart. Blame Tariffs

By Mihir Sharma, Columnist

Digital Dollars Will Pay Interest — By the Back Door

By Andy Mukherjee, Columnist

Andy Mukherjee

Never Fully Beaten, Inflation Is Coming Back to Life

By John Authers, Columnist

AUTHERS

Listen, Watch and Catch Up

The Electric Vehicle Revolution Will Be Bifurcated

Newsletter: Hyperdrive

The Electric Vehicle Revolution Will Be Bifurcated

Australian PM Talks Trade in China, Sidesteps Tensions With Xi

Newsletter: Australia Briefing

Australian PM Talks Trade in China, Sidesteps Tensions With Xi

Big Take Asia: Leaked Phone Call Upends Thai Politics (Podcast)

Big Take Asia: Leaked Phone Call Upends Thai Politics

Bloomberg Daybreak Asia: Markets Dip on Mixed US Eco Data, Waning Fed Bets (Podcast)

Bloomberg Daybreak Asia: Markets Dip on Mixed US Data

Trump Touts ‘Landmark’ Trade Deal With Indonesia

Newsletter: Morning Briefing: Asia

Trump Touts ‘Landmark’ Trade Deal With Indonesia

The Electric Vehicle Revolution Will Be Bifurcated

Newsletter: Hyperdrive

The Electric Vehicle Revolution Will Be Bifurcated

Australian PM Talks Trade in China, Sidesteps Tensions With Xi

Newsletter: Australia Briefing

Australian PM Talks Trade in China, Sidesteps Tensions With Xi

Big Take Asia: Leaked Phone Call Upends Thai Politics (Podcast)

Big Take Asia: Leaked Phone Call Upends Thai Politics

Bloomberg Daybreak Asia: Markets Dip on Mixed US Eco Data, Waning Fed Bets (Podcast)

Bloomberg Daybreak Asia: Markets Dip on Mixed US Data

Trump Touts ‘Landmark’ Trade Deal With Indonesia

Newsletter: Morning Briefing: Asia

Trump Touts ‘Landmark’ Trade Deal With Indonesia

How Starbucks Is Engineering a Turnaround With Warm Vibes and Cold Foams

3rd China International Supply Chain Expo - Previews — Wan Quan/VCG/Getty Images

Nvidia Boss Expects to Get First H20 China Export Licenses Soon

Related

Masayoshi Son and Sam Altman See No End to AI Demand and Scaling

Nvidia’s Huang Wins China Reprieve in Rare Trade War Reversal

Larry Ellison — Mark Thompson/Getty Images

Ellison Overtakes Zuckerberg as World’s Second-Richest Person

Larry Ellison’s Lanai Isn’t for You—or the People Who Live There

Latest

Listen, Watch and Catch Up

The Electric Vehicle Revolution Will Be Bifurcated

Newsletter: Hyperdrive

The Electric Vehicle Revolution Will Be Bifurcated

Australian PM Talks Trade in China, Sidesteps Tensions With Xi

Newsletter: Australia Briefing

Australian PM Talks Trade in China, Sidesteps Tensions With Xi

Big Take Asia: Leaked Phone Call Upends Thai Politics (Podcast)

Big Take Asia: Leaked Phone Call Upends Thai Politics

Bloomberg Daybreak Asia: Markets Dip on Mixed US Eco Data, Waning Fed Bets (Podcast)

Bloomberg Daybreak Asia: Markets Dip on Mixed US Data

Trump Touts ‘Landmark’ Trade Deal With Indonesia

Newsletter: Morning Briefing: Asia

Trump Touts ‘Landmark’ Trade Deal With Indonesia

The Electric Vehicle Revolution Will Be Bifurcated

Newsletter: Hyperdrive

The Electric Vehicle Revolution Will Be Bifurcated

Australian PM Talks Trade in China, Sidesteps Tensions With Xi

Newsletter: Australia Briefing

Australian PM Talks Trade in China, Sidesteps Tensions With Xi

Big Take Asia: Leaked Phone Call Upends Thai Politics (Podcast)

Big Take Asia: Leaked Phone Call Upends Thai Politics

Bloomberg Daybreak Asia: Markets Dip on Mixed US Eco Data, Waning Fed Bets (Podcast)

Bloomberg Daybreak Asia: Markets Dip on Mixed US Data

Trump Touts ‘Landmark’ Trade Deal With Indonesia

Newsletter: Morning Briefing: Asia

Trump Touts ‘Landmark’ Trade Deal With Indonesia

Bloomberg News Now

Listen to the latest: UK Inflation Hits 18-Month High, France In ‘Mortal Danger’, More

updated 1 hr ago

Hong Kong Wealth, Fund Assets Hit $4.5 Trillion as Inflows Surge

Hong Kong Wealth, Fund Assets Hit $4.5 Trillion as Inflows Surge

Mumbai Wants to Become the Next Hong Kong. First It Needs to Drain the Streets

Mumbai Facelift Is Inspired by 200-Year-Old New York Blueprint

Pedestrians cross an intersection in the Shibuya district of Tokyo.

Japan’s Super-Long Bonds Rebound Amid Pre-Election Volatility

Thai Court Suspends Prime Minister as It Probes Ethics Case

Big Take Asia Podcast

The Leaked Phone Call that Plunged Thailand Into Crisis

Bloomberg Businessweek

‘The Turbulence Is Brutal’: Four Shark Tank Businesses on Tariffs — Dominic Kesterton for Bloomberg Businessweek

‘The Turbulence Is Brutal’: Four Shark Tank Businesses on Tariffs

Despite the wild swings in trade policies, these entrepreneurs say the math on reshoring doesn’t work for them.

By Enda Curran and María Paula Mijares Torres

July 1, 2025

More from this issue:

The Eternal Quest to Save Gap Companies Are Abandoning Climate Pledges The Next Reality TV President?

Trade War? No Problem—If You Run a Trade School

Trade War? No Problem—If You Run a Trade School

There are already more than 400,000 open manufacturing industry jobs in the US, and that’s before the domestic factory boom Trump’s been promising.

Trump’s Cuts Are Making Federal Data Disappear

Online tools that professionals use for everything from diagnosing diseases to calculating insurance payouts are going dark.

The New Third Rail in Silicon Valley: Investing in Chinese AI

When Benchmark led a $75 million funding round in startup Manus, it was surprised to find other investors crying foul.

Markets

ETFs Crypto Deals

Renault branding — Andrey Rudakov/Bloomberg

Europe Stocks Drop for Fourth Day on Glum ASML, Renault Results

SMBC Sells Over $1.5 Billion Investment Grade Loans to Apollo

Saudi Dynasty’s Family Office Rehires Executive Who Left in 2024

Odd Lots: Why US Banks Are Trying to Turn Themselves Into Super Apps

Odd Lots: Banks Are Turning Themselves Into Super Apps

Hedge Funds in Ukraine Are Drawing a Line in State Rail Bond Restructuring

Newsletter: The Brink

Hedge Funds in Ukraine Are Drawing a Line in State Rail Bond Restructuring

Bloomberg Originals

One Last Ride in a NYC Horse Elevator

One Last Ride in a NYC Horse Elevator

The Gambler's Edge on Wall Street

The Gambler's Edge on Wall Street

Principles of Success With Bill Belichick and Ray Dalio

The Deal with Alex Rodriguez and Jason Kelly

Principles of Success With Bill Belichick and Ray Dalio

The End of the Long Bond Era

The End of the Long Bond Era

Space

US-SPACE-AEROSPACE-SPACEX

Musk’s SpaceX Plans Share Sale That Would Value Company at About $400 Billion

SpaceX Plans Starship Program for In-Orbit Drug Research

SpaceX Plans Starship Program for In-Orbit Drug Research

INDIA-US-POLAND-HUNGARY-SPACE-SPACEX-AXIOM

SpaceX Dragon Returns Axiom-4 Crew to Earth From Space Station

US-SPACE-ARTEMIS-NASA

Senators Signal They’re Prepared to Push Back Against NASA Cuts

Technology

AI Cybersecurity Screentime

Singapore. — Roslan Rahman/AFP/Getty Images

Warburg Pincus Singapore Dealmaker Lee Is Said to Leave PE Firm

ASML Walks Back 2026 Growth Outlook as Tariffs Muddy Outlook

Krafton Extends ‘Subnautica 2’ Bonus Period, Is Sued by Founders

The Lawyer Behind Elon Musk, Jay-Z and Megan Thee Stallion

The Lawyer Behind Elon Musk, Jay-Z and Megan Thee Stallion

Nvidia’s AI Chips Are Returning to China After Huang and Trump Meet

Newsletter: Tech In Depth

Nvidia’s AI Chips Are Returning to China After Huang and Trump Meet

Wealth

Trump’s Tax Bill Passes US Senate As Republicans Notch Major Win

White House Readies Order to Bring Private Equity to 401(k)s

Joby Aviation Hosts Media Event At eVTOL Production Facility

Flying Taxi CEO Is Billionaire Again After Stock’s 160% Rally

Billionaires John and Laura Arnold Decry ‘Catastrophic Deficit’ in Trump Tax Law

Billionaires John and Laura Arnold Decry ‘Catastrophic Deficit’ in Trump Tax Law

BlackRock Hits $11.5 Trillion Of Assets With Private-Market Push

BlackRock’s Key Retirement Funds to Get Private Assets in 2026

Politics

US Election Middle East UK

Istanbul Mayor Ekrem Imamoglu Holds Press Conference After Re-Election — Burak Kara/Getty Images

Turkey’s Popular Mayor Faces Political Ban in Latest Trial

Russia Attacks Ukraine’s Central Regions as US Envoy Visits Kyiv

US Plans to Build Boat Repair Facility Near South China Sea

about 6 hours ago

Trump Sues to Oust Public Broadcasting Directors He Already Axed

about 6 hours ago

Trump’s Cuts to Public Broadcasting and Foreign Aid Clear Key Vote

Explainers

MEXICO-US-MIGRATION

Understanding the Legal Fight Over Trump’s Birthright Citizenship Order

North Korea Russia

How North Korea Is Giving Russia an Edge in the War on Ukraine

US-POLITICS-BIDEN-RACE

Why Trump Is Attacking Biden Over Autopen Signatures

NASA astronauts return to earth after 9-month delay

Could NASA Function Without Elon Musk?

Industries

Legal Energy Health

Barclays branding — Luke MacGregor/Bloomberg

UK Fines Barclays £42 Million Over Financial Crime Risk Lapses

The Electric Vehicle Revolution Will Be Bifurcated

AstraZeneca Rare Disease Drug Disappoints in Advanced Study

The Deal: Will Ahmed (Podcast)

The Deal: Will Ahmed

China Seeks an AI Advantage in Orbit

Newsletter: Business of Space

China Seeks an AI Advantage in Orbit

Green

New Energy Greener Living ESG Investing

Lava flows from a fissure near Grindavik, Iceland in a photo released on July 16. — Icelandic Civil Protection

Volcanic Eruption Begins Again in Iceland, Met Office Says

Democrats’ Path to Power Is ‘Climate Populism’, US Representative Says

Heat Deaths in Spain Have Surged This Summer Amid Record Temperatures

Zero: Why Militaries Cannot Ignore Climate Change (Podcast)

Zero: Why Militaries Cannot Ignore Climate Change

An Optimist's Guide to the Planet Trailer

An Optimist's Guide to the Planet Trailer

Pursuits

0825_PURUSITS_ARTDECO NEW CLASS

The Hottest Independent Jewelry Designers Share One Secret Weapon

PURSUITS_WEB_Art Deco Jewelry

Why Art Deco Jewelry Still Commands Millions 100 Years Later

Bar Leone

These Are the 50 Best Bars in Asia in 2025

PURSUITS_WEB_ResortPass Jenna Bush Hager

Jenna Bush Hager Learned a Key Travel Lesson From Her Grandma Barbara

Economics

Inflation & Prices Indicators Central Banks

French Finance Minister Eric Lombard Says Will ‘Improve’ Budget in Opposition Talks — Anita Pouchard Serra/Bloomberg

France’s Lombard Says Will ‘Improve’ Budget in Opposition Talks

Thai Central Bank Contender Touts Need to Work With Government

UK Inflation Unexpectedly Jumps to Highest Since Early 2024

Powell as Shadow Fed Chair? How Trump Pressure Risks Backfiring

Newsletter: Economics Daily

Powell as Shadow Fed Chair? How Trump Pressure Risks Backfiring

Bloomberg Surveillance: Markets and CPI (Podcast)

Bloomberg Surveillance: Markets and CPI

CityLab

FBI Raids Home Of DC Jewish Museum Shooting Suspect Elias Rodriguez

Manhattan, Chicago Murder Rates Drop in 2025, Officials Say

Amsterdam Makes a New Push to Keep Cars Out of the City Center

The Dutch Intersection Is Coming to Save Your Life

Billionaires and CEOs Gather for Milken in a Reeling LA

LA Homelessness Drops for Second Year

0710_CITYLAB_UNACCOMPANIEDMINORS_01-HP

Advocates Fear US Agents Are Using ‘Wellness Checks’ on Children as a Prelude to Arrests

Work & Life

Management & Work Equality Business of Sports

Los Angeles Lakers v Boston Celtics — Nathaniel S. Butler/NBAE/Getty Images

NBA to Explore Expansion for First Time in 20 Years

UK Reveals Secret £850 Million Afghan Plan Over Data Breach

Zambian Small Businesses Get $70 Million Boost to Aid Growth

Lawyers Warn UK NDA Ban May Reduce Misconduct Settlement Payouts

Linda Yaccarino Took a Risk Going to X. What Will She Do Next?

Newsletter: Management & Work

Linda Yaccarino Took a Risk Going to X. What Will She Do Next?

Markets Magazine

Markets Magazine_Compass_02 — Gabriela Hasbun for Bloomberg Markets

Private Real Estate Listings Ignite Fight Over How US Homes Are Sold

No. 1 brokerage Compass is pushing for sellers to market houses exclusively. Rivals and digital giant Zillow are striking back.

By Paulina Cachero, Jennifer Epstein and Patrick Clark

Bloomberg Markets The Real Estate Issue

More from this issue:

Asia’s $7.5 Trillion Bet On the US Is Unraveling The Trump Tower Belgrade Faces Backlash Crypto Stablecoins: What Could Go Wrong?

Markets Magazine_Marinas_07

Wall Street Is Investing Billions in Marinas for Bigger Yachts

Blackstone and others pledge to improve aging boatyards amid fears that rising slip fees are pricing out the middle class.

Hong Kong Bets the Future on a Vast Tech Zone by China’s Border

Northern Metropolis could align the city even more with the mainland, at a time when its finance and property sectors are faltering.

Oil-Rich University of Texas Wants to Cash In on AI, Crypto and Power

The system—with an endowment second only to Harvard’s—is diversifying into wind and solar energy at a fraught time for renewables.

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