What would happen if the president of the United States wanted to launch a nuclear weapon? Here are the steps the commander-in-chief would need to take. ———- Like this video? Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg?sub_confirmation=1 Bloomberg is the First Word in business news, delivering breaking news & analysis, up-to-the-minute market data, features, profiles and
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Elon Musk is worried about AI, but not in the ‘evil robots take over the world’ kind of way. What happens when artificial intelligence becomes superintelligence?
ferrantraite “Adulting” with your money. You’ve got this. Your money is like anything else you need to learn. It seems crazy complicated at first, then bit by bit you learn more, until you realize it’s more accessible than you thought. Even though the adult world has many confusing concepts, remember that most people are not
Visa Inc. credit and debit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, April 22, 2019. Andrew Harrer | Bloomberg | Getty Images Financial technology start-up Currencycloud, which powers cross-border payments for a number of popular finance apps, has raised $80 million in a funding round backed by Visa. Based in
A worker prepares to load a silicon wafer machine in a clean room at the Texas Instruments semiconductor fabrication plant in Dallas, Texas. Jason Janik | Bloomberg | Getty Images Texas Instruments forecast first-quarter revenue above market expectations on Wednesday on signs of stable demand for microchips, indicating that a prolonged slowdown in the semiconductor
A Chinese health worker checks the temperature of a woman entering a subway station during the Chinese New Year and Spring Festival on January 25, 2020 in Beijing, China. Kevin Frayer | Getty Images More than 2,700 people in China are now said to have been infected by the fast-spreading coronavirus while more countries have
If you were hoping to keep your bitcoin stash under wraps from the IRS, think again. As the 2019 tax season kicks off on Jan. 27, the taxman is expecting you to disclose whether you had any cryptocurrency transactions last year. The IRS asks the following question on the first page of Schedule 1 of
An Airbus narrow body plane Nicolas Economou | NurPhoto | Getty Images European planemaker Airbus is working with Nasdaq to develop a derivatives-based trading platform that will allow airlines to protect against swings in ticket prices. Just like airline companies use oil futures to hedge against the volatility in fuel costs, they will soon be able
Sean Connery, as James Bond. Bettmann | Getty Images There is now significant and potentially irreversible inequality in the world of media. If you’re looking for an equalizing force, don’t bet on it happening in 2020. Two major shifts in the past year have made scale — the concept of being as big as possible
An American Airlines Boeing 777-200 aircraft Nicolas Economou | NurPhoto | Getty Images American Airlines fourth-quarter earnings and revenue came in slightly above analyst estimates, despite complications from the grounding of the Boeing 737 Max. The Fort Worth,Texas-based carrier on Thursday posted net income of $414 million for the last three months of 2019, up
The 2020 Volvo V60 CC Mack Hogan | CNBC Volvo’s always been known in the U.S. for its safe, boxy wagons. Even though SUVs have long accounted for most of the brand’s sales, the Volvo wagon is iconic. For good reason, too. If you want a comfortable, luxury wagon for the whole family, Volvo’s the
The FT’s Stefania Palma explains the corruption and money-laundering inquiry at the state development and investment fund in which charges have been filed against two former Goldman Sachs bankers, local financier Jho Low and ex-1MDB employee Jasmine Loo Ai Swan ► Subscribe to FT.com here: http://bit.ly/2GakujT ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs
Oil paint is simple. At its most basic, it’s just a mixture of oil and pigment. But depending on the color and quality, a liter of this paint could cost you $285 to $1,100. While the rise of oil paint is associated with the Renaissance, paintings using poppy-seed oil have been dated as far back
This former local bank branch in Spring City, Penn. was converted into a private home, replete with the two vaults now used as a full bar and a sauna.
In this clip from 1999, Jack Ma delivers a speech to 17 friends in his apartment to introduce Alibaba and lay out his plan to compete with U.S. internet titans. For more, check out “Crocodile in the Yangtze: The Alibaba Story,” premiering on Bloomberg Television Monday Sept. 8 at 9pm EDT. — Subscribe to Bloomberg
From a 401(k) plan to pet insurance for Fido, in today’s tight labor market, workers expect far more than just health insurance from their employers. For small businesses, that’s been a problem. There are more small companies and startups than ever before yet, because of their size, these firms have traditionally been at a disadvantage when
Mike Rasnic sits on the front porch of his home which is surrounded by floodwater on March 22, 2019 in Craig, Missouri. Scott Olson | Getty Images The risks of climate change are already impacting investors, with increasingly frequent climate disasters like wildfires, drought, flooding and heatwaves threatening business operations and properties across the world.
Traders work on the floor during the Slack Technologies Inc. direct listing at the New York Stock Exchange (NYSE) in New York, U.S. June 20, 2019. Brendan McDermid | Reuters Markets can be overheated without nearing a meltdown. Stocks can be pricey without being on a precipice. It helps to recognize these nuances as Wall
Ground operations employees load baggage onto a Southwest Airlines Boeing 737 aircraft on the tarmac at John Wayne Airport (SNA) in Santa Ana, California. Patrick T. Fallon | Bloomberg | Getty Images Southwest Airlines‘ fourth-quarter profit tumbled more than 21% after the grounding of the Boeing 737 Max drove up the Dallas-based carrier’s costs, it said
Cashiers ring up shoppers at a Walmart store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Walmart is testing a slightly higher minimum wage in a few hundred of its stores, as it rolls out a new, more flexible model for how it manages workflow within the store. In roughly 500 stores,
Just because the IRS is auditing fewer tax returns, don’t assume you can dupe the taxman. With much of the agency’s systems automated to spot certain discrepancies, and some parts of tax returns typically generating more scrutiny than others, the risk of hearing from the IRS still remains. “A lot of this is done by
Shannon Stapleton | Reuters Peloton Wedbush recently initiated coverage of the exercise equipment maker with an outperform rating and believes the sky’s the limit for the company. The firm called Peloton’s business an “enduring force” and is bullish on the company’s ability to hold and retain customers in its subscription business. “Today, this business is
Traders work on the floor of the New York Stock Exchange (NYSE) on January 10, 2020 in New York City. Kena Betancur | Getty Images Active portfolio managers could get some help in the battle against passive investing if a new kind of financial instrument gains traction with investors: the “nontransparent ETF.” A nontransparent ETF
A display of Procter & Gamble’s Pampers diapers are seen on sale in Denver. Rick Wilking | Reuters Procter & Gamble on Thursday reported quarterly revenue that fell short of estimates for the first time in five quarters, hurt by a stronger dollar and a struggling baby segment, which includes Pampers diapers. But the consumer
Two workers walk under the wing of a 737 Max aircraft at the Boeing factory in Renton, Washington, March 27, 2019. Lindsey Wasson | Reuters The head of the Federal Aviation Administration has told airlines that it could lift a flight ban on the Boeing 737 Max before midyear, ahead of the manufacturer’s new timeline
Downtown Detroit is seeing a revitalization of sorts sparked by Dan Gilbert’s $1 billion investment in the area. Since 2010, Gilbert’s investment has created an estimated 6,500 jobs in downtown, and, as a result, it’s nearly impossible to find a vacant apartment as residential occupancy rates reached as high as 99.4% for the downtown area.
►Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Hedge funds make use of short-selling, leverage and discretion to magnify their gains, but as the FT’s senior investment columnist John Authers points out, their techniques involve huge risks and they reward themselves too handsomely. ► FT Wealth: http://bit.ly/1e3996C ► FT Global Economy: http://bit.ly/1J5mmqH ► Chinese Governments
The famed investor and chairman of Berkshire Hathaway took CNNMoney on a tour of his office. What we found might surprise you.
June 16 — Linus Torvalds, who is known for developing the Linux kernel, talks to Bloomberg about his first line of code.
Richard Sharrocks A case before the Supreme Court has the power dramatically reshape how the U.S. government polices financial fraud and other misdeeds against consumers — which many experts fear would weaken existing protections and expose the public to more harm. The case, which concerns the Consumer Financial Protection Bureau, could ultimately lead to the
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