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HOPKINS This Republican ‘Commitment’ Is an Exercise in Redundancy FOLLOW BLOOMBERG OPINION View More Opinion * Businessweek Businessweek * The Bloomberg 50 * Best B-Schools * Small Business Survival Guide * 50 Companies to Watch * Good Business * Subscribe to the Magazine FINANCE Cash Retakes Its Crown as the Fed Wrestles With Inflation BUSINESSWEEK Destino da Amazônia está em jogo na eleição brasileira THE BIG TAKE The World Sees Brazil’s Election as a Climate Flashpoint. Brazilians Have Other Concerns FOLLOW BLOOMBERG BUSINESSWEEK View More Businessweek * Equality Equality * Corporate Leadership * Capital * Society * Solutions EQUALITY Target Joins List of Boards With Majority Women and Minorities EQUALITY People Struggling to Get Pregnant Are Turning to Fintechs to Pay for Fertility Treatments FEATURED * In Trust Podcast FOLLOW BLOOMBERG EQUALITY View More Equality * Green Green * New Energy * ESG Investing * Weather & Science * Electric Vehicles * Climate Politics * Greener Living * Cleaner Tech DIGITAL VIDEO The Fight to Save Coffee From the Climate Crisis HYPERDRIVE Hertz’s Electrified Fleet Could Be the Auto Industry’s Safety Net FEATURED * Data Dash * Hyperdrive FOLLOW BLOOMBERG GREEN View More Green * CityLab CityLab * Design * Culture * Transportation * Economy * Environment * Housing * Justice * Government * Technology ENVIRONMENT Hurricane Ian Targeted Florida’s Retirement Belt ECONOMY NYC Faces $1 Billion Tab From Migrant Influx as Economy Strains Budget, Comptroller Says ECONOMY How Public Spaces Can Keep Small Businesses Open FOLLOW BLOOMBERG CITYLAB View More CityLab * Crypto Crypto * Decentralized Finance * NFTs * Regulation * Technology CRYPTO Does Crypto Owe Anyone an Apology After $2 Trillion Slump? CRYPTO How Did Bitcoin Fare in September? CRYPTO Bitcoin Miner Rhodium Plans to Go Public Via a Reverse Merger FOLLOW BLOOMBERG CRYPTO View More Crypto * More -------------------------------------------------------------------------------- War War Putin Says Annexation Is Forever, Defends Ukraine Land Grab updated an hour ago Politics Putin’s Land Grab Fails to Ruffle This Besieged Ukraine Port City updated 3 hours ago Politics Ukraine Bids to Join NATO Despite Long Odds updated an hour ago Politics Russia Forcing Ukraine Workers Into Rosatom After Nuclear Theft LATEST Business United Air to Exit JFK Airport After Dispute Over Expansion Ryan Beene updated 10m ago Environment Hurricane Ian Targeted Florida’s Retirement Belt Linda Poon updated 30m ago Older people, who are particularly vulnerable to hurricanes, make up a large share of the population in southwest and central Florida. Economy NYC Faces $1 Billion Tab From Migrant Influx as Economy Strains Budget, Comptroller Says Martin Z Braun and Emma Court updated 46m ago A potential recession, declining Wall Street profits and remote work policies threaten the city’s finances, Comptroller Brad Lander says Politics For Obama, One Trump Term Wasn’t a Big Worry but ‘Eight Years Would Be a Problem’ Jason Leopold 47m ago Deals Musk Bid for More Data on Twitter Bot Accounts Denied by Judge Jef Feeley updated 49m ago MOST READ Technology Meta to Cut Headcount for First Time, Slash Budgets Across Teams Kurt Wagner Zuckerberg says social giant will end 2023 as a “somewhat smaller” organization Markets Stocks Plummet to 22-Month Low as Fed Hawks Circle: Markets Wrap Isabelle Lee and Vildana Hajric Markets Germany Prepares for Unthinkable Scenarios: Energy Update Bloomberg News Wealth MacKenzie Scott Files for Divorce From Science Teacher Husband Sophie Alexander, Nur Dayana Mustak and Spencer Soper Scott had announced her marriage to Dan Jewett with a joint pledge to give their fortune away. Politics Why Germany and the US Are Stalling on Modern Tanks for Ukraine Natalia Drozdiak, Courtney McBride and Michael Nienaber Unable to load stories at this time. Retry article Economics ECB Officials Lay Foundation for Significant October Rate Hike ECB Shouldn’t Be Guided by Its Own Profitability, Simkus Says Euro-Zone Inflation at Double-Digit Record Piles Pressure on ECB UK Is the Only G-7 Economy Still Smaller Than Its Pre-Covid Size Markets STOCKS DROP AS TRADERS ANTICIPATE RATE-HIKE PAIN: MARKETS WRAP Follow the latest in global developments. updated 36 minutes ago Markets ALLIES BOLSTER ENERGY DEFENSES AS EU MOVES ON GAS: ENERGY UPDATE European Union energy ministers backed an initial package of measures to tame the gas crisis. updated 2 hours ago City of London LONDON’S EUROPEAN STOCK MARKET CROWN UNDER THREAT FROM PARIS UK market size hit by weak pound, Brexit, confidence crisis. Technology EU BROADENS CONCERNS ON SUBSIDIES IN BIDEN’S CLIMATE LAW The rift threatens disputes at the WTO between the two allies. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration 0:00 Loaded: 0% Progress: 0% Stream Type LIVE Remaining Time -0:00 Playback Rate 1x Chapters * Chapters Captions * captions settings, opens captions settings dialog * captions off, selected Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaque Font Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall Caps Reset restore all settings to the default valuesDone Close Modal Dialog End of dialog window. Play Again Live Live on Bloomberg TV Bloomberg Technology Weather & Science SATELLITES CAPTURE FIRST IMAGES OF NORD STREAM’S METHANE LEAKS Politics RUSSIANS STOCK UP FOR BATTLEFIELD, FEARING ARMY LACKS SUPPLIES OPINION Andrea Felsted WHERE SHOULD BRITS INVEST NOW? THINK JUMPERS AND DUVETS The UK faces higher energy bills and borrowing costs, as well as prolonged inflation. Consumers have to prepare before winter gets bleak. Stuart Trow THE STEALTH TAX BURIED IN KWASI KWARTENG’S BUDGET Liz Truss’s chancellor has preserved a freeze on income-tax thresholds — a decision that could cost UK taxpayers billions of pounds. John Authers GATSBY, THE DOLLAR, AND STARING BLANKLY AT THE WORLD FALLING APART What if there was a meeting at the Plaza Hotel to air out differences? It’s happened before in truth and fiction, but the money and the will aren’t there for currency markets this time. Chris Hughes POUND SLUMP MAKES THE FTSE 100 ONE BIG DUMPSTER DIVE Last year, mid-sized UK stocks attracted private equity attention. Now, corporate bidders have an even bigger pool to play in. Parmy Olson AMERICA’S FUNNIEST HOME SURVEILLANCE NETWORK ISN’T FUNNY Amazon is normalizing neighborhood panopticons by turning its doorbell videos into a TV show. Orwell wouldn’t be laughing. More from Opinion OPINION Andrea Felsted WHERE SHOULD BRITS INVEST NOW? THINK JUMPERS AND DUVETS The UK faces higher energy bills and borrowing costs, as well as prolonged inflation. Consumers have to prepare before winter gets bleak. Stuart Trow THE STEALTH TAX BURIED IN KWASI KWARTENG’S BUDGET Liz Truss’s chancellor has preserved a freeze on income-tax thresholds — a decision that could cost UK taxpayers billions of pounds. John Authers GATSBY, THE DOLLAR, AND STARING BLANKLY AT THE WORLD FALLING APART What if there was a meeting at the Plaza Hotel to air out differences? It’s happened before in truth and fiction, but the money and the will aren’t there for currency markets this time. Chris Hughes POUND SLUMP MAKES THE FTSE 100 ONE BIG DUMPSTER DIVE Last year, mid-sized UK stocks attracted private equity attention. Now, corporate bidders have an even bigger pool to play in. Parmy Olson AMERICA’S FUNNIEST HOME SURVEILLANCE NETWORK ISN’T FUNNY Amazon is normalizing neighborhood panopticons by turning its doorbell videos into a TV show. Orwell wouldn’t be laughing. More from Opinion One story you'll want to talk about. Get The Big Take newsletter in your inbox daily. Sign Up Bloomberg may send me offers and promotions. By submitting my information, I agree to the Privacy Policy and Terms of Service The Big Take THE WORLD SEES BRAZIL’S ELECTION AS A CLIMATE FLASHPOINT. BRAZILIANS HAVE OTHER CONCERNS Pursuits HERMES KELLY BAG FETCHES RECORD PRICE AT SOTHEBY’S AUCTION Entertaining HOW TO MAKE A BUTTER BOARD: TOP CHEFS BREAK DOWN THE TIKTOK SENSATION WAR IN UKRAINE Politics EU TO TEST SECURITY OF ENERGY SITES AS NORWAY BOOSTS PATROLS updated 2 hours ago Politics POLISH PRIME MINISTER LOSES CHIEF AIDE AFTER EMAIL LEAKS Technology EU BROADENS CONCERNS ON SUBSIDIES IN BIDEN’S CLIMATE LAW Politics PUTIN’S CONSCRIPTS WON’T WIN HIS WAR BUT MAY DRAG IT OUT More coverage WEEKEND READS Business EUROPE’S ENERGY CRUNCH: GAS CAP DILEMMA Weather & Science IAN PHOTOS: FLOODED HOMES, WASHED-OUT ROADS, BROKEN POWER POLES Weather & Science TRACKING HURRICANE IAN’S LATEST PATH Digital Video THE BIG BANG, BLACK HOLES AND WHY HUMANITY MATTERS WORK SHIFT Economics WORK-FROM-HOME OR RETURN TO THE OFFICE? A RIFT IS EMERGING AMONG US WORKERS updated 3 hours ago Work Shift SOFTWARE ROBOTS ARE GAINING GROUND IN WHITE-COLLAR OFFICE WORLD Work Shift AMAZON URGES CALL CENTER STAFF TO WORK FROM HOME, PLANS CLOSINGS Work in Progress EMPLOYEES WHO SHIFT TO 4-DAY WEEK DEVOTE NEW FREE TIME TO SLEEP More from Work Shift STORIES FOR YOU CRYPTO Politics PELOSI RIPPED BY FELLOW DEMOCRAT FOR DELAYING STOCK-TRADE BILL updated an hour ago Crypto DOES CRYPTO OWE ANYONE AN APOLOGY AFTER $2 TRILLION SLUMP? Crypto HOW DID BITCOIN FARE IN SEPTEMBER? Markets SINGAPORE REGULATOR WARNS CRYPTO FIRMS TO CURB THEIR ENTHUSIASM More from Crypto EQUALITY Equality TARGET JOINS LIST OF BOARDS WITH MAJORITY WOMEN AND MINORITIES Equality PEOPLE STRUGGLING TO GET PREGNANT ARE TURNING TO FINTECHS TO PAY FOR FERTILITY TREATMENTS Equality GREECE APPROVES USE OF PREP IN SWITCH TO FOCUS ON HIV PREVENTION Equality COVID ZERO TAKES ‘EXTREME’ TOLL IN 50-DAY LHASA LOCKDOWN More from Equality The Business Network for the New Generation UP NEXT * On Now The Business of Beauty * 03:00 PM Emma Barnett meets... * 03:30 PM Profiles * 04:00 PM China 2030: Smart Cities Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration 0:00 Loaded: 0% Progress: 0% Stream Type LIVE Remaining Time -0:00 Playback Rate 1x Chapters * Chapters Captions * captions settings, opens captions settings dialog * captions off, selected Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaque Font Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall Caps Reset restore all settings to the default valuesDone Close Modal Dialog End of dialog window. Play Again Unmute LIVE NOW THE BUSINESS OF BEAUTY Every year hundreds of thousands of men pack their bags and fly to Turkey because they want their hair back. The nation's hair treatment industry is worth north of $1 billion, but clinics are lightly regulated and technicians rather than doctors do most of the work. As the sector expands, some wonder whether profit is being prioritized over patients. Start Watching And streaming on your TV: * * * * * What to Know About Italy's Giorgia Meloni Is A 4-Day Workweek in Your Future? How Looted Statues Ended Up in Major Museums Why Business Class Flights Cost $20,000 BLOOMBERG WEALTH Living INFLATION IS HAMPERING SINGLE AMERICANS LOOKING FOR LOVE updated 29 minutes ago Wealth CREDIT SUISSE IS AT ‘CRITICAL MOMENT’ AS BANK PREPARES FOR LATEST OVERHAUL, CEO SAYS updated an hour ago City of London MORTGAGES APPROACH ‘SCARILY HIGH’ LEVEL AFTER UK’S WEEK OF CHAOS an hour ago Living IAN DELIVERS STARK REMINDER OF CLIMATE RISKS IN BOOMING FLORIDA updated 4 hours ago More on Wealth Environment HURRICANE IAN TARGETED FLORIDA’S RETIREMENT BELT updated 30 minutes ago Economy NYC FACES $1 BILLION TAB FROM MIGRANT INFLUX AS ECONOMY STRAINS BUDGET, COMPTROLLER SAYS updated 46 minutes ago Economy HOW PUBLIC SPACES CAN KEEP SMALL BUSINESSES OPEN updated 4 hours ago Citylab SYDNEY LOOKS TO AMP UP NIGHTLIFE TO SHED SLEEPY REPUTATION Digital Video BLOOMBERG GREEN Digital Video The Fight to Save Coffee From the Climate Crisis Global warming is methodically destroying the ability of growers to feed demand. Science may come to the rescue. updated 52 minutes ago Hyperdrive HERTZ’S ELECTRIFIED FLEET COULD BE THE AUTO INDUSTRY’S SAFETY NET ESG TEXAS’ ESG ATTACK SWEEPS UP SOME FUNDS THAT AREN’T REALLY ESG Green TOP US GREEN ENERGY FIRMS TO VISIT UAE AS CHINA MAKES INROADS Hyperdrive STELLANTIS WEIGHS NEW CHIP, MATERIALS STRATEGY, CITROEN CEO SAYS More from Green March 29, 2022 October 29, 2021 April 19, 2021 December 15, 2020 September 14, 2020 June 9, 2020 Terms of Service Manage Cookies Trademarks Privacy Policy ©2022 Bloomberg L.P. All Rights Reserved Careers Made in NYC Advertise Ad Choices Help