Bloomberg Businessweek

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

US personal spending rose at a solid clip in August for a third month, suggesting consumers continued to power the economy despite elevated inflation.

Consumer spending, adjusted for changes in prices, increased 0.4% last month, according to Bureau of Economic Analysis data out Friday.

The consecutive strong gains in consumer spending add to ...

The Virtue Foundation is a nonprofit organization with Special Consultative Status to the United Nations. Its mission is to increase awareness, inspire action and render assistance through initiatives on healthcare, education, and women and justice programs, as well as innovative work in research and analytics. Composed primarily of volunteers, Virtue Foundation is guided by the principle that true global change must begin within e...

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

European diplomats warned the Kremlin this week that NATO is ready to respond to further violations of its airspace with full force, including by shooting down Russian planes, according to officials familiar with the exchange.

At a tense meeting in Moscow, British, French and German envoys addressed their concerns about an incursion by three MiG-31 ...

Three years ago, before artificial intelligence became part of the national consciousness, American University's Kogod School of Business embarked on a program to change its curriculum and infuse AI throughout its undergraduate and graduate courses. More than 90% of the faculty are now infusing AI into their classes, while every student gets a Perplexity Enterprise account when they being their studies at Kogod.
David Marchick, ...

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

Intel Corp. has approached Apple Inc. about securing an investment in the ailing chipmaker, according to people familiar with the matter, part of efforts to bolster a business that’s now partially owned by the US government.

Apple and Intel also have discussed how to work more closely together, said the people, who asked to not be identified b...

France recognized Palestine as an independent state and, along with Saudi Arabia at a United Nations conference led by the two countries, called on Israel to end the war in Gaza immediately.

“One solution exists to break the cycle of war and destruction: acknowledging each other,” French President Emmanuel Macron said on Monday. “We must recognize that Palestinians and Israelis are living in twin solitude.&...

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

President Donald Trump said NATO nations should shoot down Russian aircraft that violated their airspace and struck a more sympathetic tone on Ukraine’s chances of winning the war.

He spoke as he met with Ukrainian President Volodymyr Zelenskiy following recent jet incursions that have alarmed allies.“Yes, I do,&rdquo...

Anger over rising energy costs will eventually force states to allow more natural gas infrastructure to be built in the US, according to one of the nation’s largest producers of the fuel.
“We’ve never produced more energy than we’re producing now, but Americans’ energy bills are up over 35%,” EQT Corp. Chief Executive Officer Toby Rice said Thursday at BloombergNEF’s Barrel of Tomorrow ...

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Walt Disney Co. said Jimmy Kimmel Live! will return to the air on Tuesday, ending a suspension imposed following controversial remarks the ABC late-night host made about the assassination of Republican activist Charlie Kirk.
“We have spent the last days having thoughtful conversations with Jimmy, and after those conversations, we r...

Octopus Energy Group Ltd. plans to spin off Kraken Technologies Ltd., a software platform that helps utilities manage the transition to cleaner energy. Kraken has been key to Octopus Energy’s growth into the UK’s largest electricity supplier, leapfrogging industry incumbents to serve more than 7 million customers in the country. The software allows it to balance out power flows to households as energy-tra...

Kindbody was once one of the fastest-growing fertility chains in the US. The venture-backed company cultivated a modern and millennial-friendly aesthetic that helped it attract more than $300 million in investments, including backing from celebrity investors like Gwyneth Paltrow and Chelsea Clinton. But Kindbody has been riddled with clinical problems, with embryos being mislabeled, lost or accidentally destroyed, and has spiraled ...

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Senator Ted Cruz has become the most prominent Republican to criticize Federal Communications Commission Chair Brendan Carr, saying President Donald Trump’s top media regulator resorted to “mafioso” behavior to pressure Disney Corp.’s ABC to remove late night host Jimmy Kimmel.
Cruz, the chairman of the Commerce Committee and a frequ...

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 Businessweek on Yo...

Dr. Susan J. Blumenthal has been at the forefront of women’s health for 30 years. Having served under four US presidents, she achieved the rank of Rear Admiral (Ret.) with the US Public Health Service, is the former Assistant Surgeon General, and was the nation's first-ever Deputy Assistant Secretary for Women's Health. She currently works as a visiting professor with the MIT Media Lab.
Dr. Blumenthal discusses the changin...

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

President Donald Trump said US broadcast networks should face scrutiny over their licenses if they’re too critical of him, in what amounts to his furthest-reaching threat to media freedoms.
“When you have a network and you have evening shows, and all they do is hit Trump,” Trump told reporters aboard Air Force One on Thursday. “I...

New York City's Brooklyn Navy Yard has evolved from a collection of warehouses into a model for 21st-century manufacturing, where climate-tech, smart city solutions, and advanced fabrication companies grow alongside distilleries, designers, and robotics startups. Now, the mission-driven industrial park is prompting a broader rethink of what manufacturing looks like in big cities, and how to solve some of today’s biggest probl...

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

Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more reductions this year following months of intense pressure from the White House to slash borrowing costs.

Chair Jerome Powell pointed to growing signs of weakness in the labor market to explain why officials decided it was ...

Language-learning platform on Tuesday announced the launch of its new feature called Babbel Speak, which is designed to help first-time learners go from silence to speech. Introduced to the Babbel app via a new tab on the home screen, the AI-powered, voice-led trainer solves one of the most common barriers in language learning: not knowing how to begin speaking.
Newly appointed Babbel CEO Tim Allen, who took over the role in Ju...

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
TikTok’s American operations would be acquired by an investor consortium that includes Oracle Corp., Andreessen Horowitz and private equity firm Silver Lake Management LLC under a framework deal that US President Donald Trump is set to discuss with Chinese President Xi Jinping later this week. 
The tentative agreement, unveile...