Bloomberg Businessweek

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.

Treasuries extended losses after Federal Reserve Chair Jerome Powell said a December interest-rate cut was not set in stone, even after delivering a widely expected quarter-point reduction to prop up the labor market. The central ba...

Wayfair shares rose to their highest level since April 2022, after the e-commerce home furnishing retailer reported third quarter results that easily topped expectations. On the earnings call, management gave guidance for the current quarter that also topped consensus estimates, and spent much of the call discussing its efforts to leverage artificial intelligence technology.
Kate Gulliver, Wayfair's CFO and CAO, discusses her c...

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OpenAI is giving its long-time backer Microsoft Corp. a 27% ownership stake as part of a restructuring plan that took nearly a year to negotiate, removing a major uncertainty for both companies and clearing the path for the ChatGPT maker to become a for-profit business.
Under the revised pact, Microsoft will get a stake in OpenAI worth about $135 billi...

Long before it became the biggest collection of knowledge in the history of the world, Wikipedia had to overcome its greatest challenge: getting strangers on the Internet to trust each other. They had to trust that others would not be abusive or uncivil, that others would not unfairly change or erase their contributions, and that people had good intentions.

Jimmy Wales, the internet entrepreneur who founded Wikipedia, details the g...

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Amazon.com Inc. plans to cut corporate jobs in several key departments, including logistics, payments, video games and the cloud-computing unit, according to people familiar with the matter.

The terminations, expected as soon as Tuesday, could affect as many as 30,000 jobs, Reuters reported on Monday, citing sources.

Cuts on that scale would be the largest since ...

Montage International is a collection of luxury vacation properties consisting of 15 hotels and resorts with another 14 more currently in development. As an asset manager and operator, Montage's strategy includes long-term partnerships with owners, real estate partners, developers, investors and associates. Montage Hotels and Resorts is the only Forbes five star rated hotel brand.

Alan Fuerstman, the company's Founder, Chair...

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.

You can also watch Bloomberg B...

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Ontario government plans to stop running the anti-tariff advertisement that irked President Donald Trump after airing it during broadcasts of baseball’s World Series. The government-funded ad, which featured excerpts of late US President Ronald Reagan criticizing tariffs, will stop appearing after Friday and Saturday’s games, following Trum...

The Division of Genetics and Genomics at Boston Children’s Hospital provides comprehensive clinical care including diagnostics, genetic counseling, and individualized management in concert with other specialties for people of all ages. As one of the largest pediatric genetics practices in the country, this key division of BCH has experience with both common conditions and very rare conditions affecting just a few hundred chil...

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Basketball player Terry Rozier told a friend in 2023 that he planned to take himself out of a game early with a minor injury. The friend, Deniro Laster, used the tip to place more than $200,000 in bets predicting Rozier would fall short of his usual point total.

By the next morning, prosecutors say, the two men were counting their winnings together ...

Northwind Group is a real estate private equity firm in Manhattan that has transacted on over $5.6 billion of debt and equity investments in residential, commercial, senior living & healthcare properties. The company says it invests on its own balance sheet through discretionary closed-ended managed funds, focused on generating strong risk-adjusted returns while maintaining rigorous investment criteria.
Ran Eliasaf founded ...

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Tesla Inc.’s third-quarter profit fell short of Wall Street’s expectations despite record electric-vehicle sales, a sign of the pressure automakers are facing from shifting federal policies and rising costs.
Adjusted earnings were 50 cents per share in the period, the company said Wednesday in a statement. Analysts had expected 54 cents on avera...

Founded in 1865, Faribault Mill produces handcrafted blankets, decorative throws, apparel, and accessories. From providing woolen blankets for pioneers heading west and comforting US troops through two world wars, to contemporary products, the company's products are all made in the United States.
Ross Widmoyer, the company's president and CEO, discusses his firm's rich history and the value proposition of a product line that's ...

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Netflix Inc. said a tax dispute with Brazil cut into third-quarter earnings, marring results that otherwise fell in line with Wall Street estimates.
The world’s most valuable entertainment company posted quarterly operating income of $3.24 billion, according to a statement Tuesday, about $400 million below its own forecast and analysts’ estimate...

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Amazon Web Services, the world’s largest cloud provider, said issues continued to plague its operations after a widespread outage degraded services for a range of customers including government agencies, AI companies and financial platforms.
Hours after saying Monday that it had mostly recovered from the database network issue, AWS said some users wer...

The global battle among the three dominant digital powers―the United States, China, and the European Union―is intensifying. All three regimes are racing to regulate tech companies, with each advancing a competing vision for the digital economy while attempting to expand its sphere of influence in the digital world. Across the globe, people dependent on digital technologies have become increasingly alarmed that their rapid adoption ...

Make sense of the world with one essential conversation, every week. Mishal Husain, one of Britain's best interviewers, brings her signature blend of curiosity and tenacity to weekly conversations with world leaders, business titans, and cultural icons, revealing who they really are and how they see the world changing around them.

Follow the podcast wherever you listen, so you don't miss an episode.
swap.fm/l/P1iueaQy5gnd...

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.

You can also watch Bloomberg B...