Your Evening Briefing
(Bloomberg) --
Here are today's top stories
Texas Representative John Ratcliffe withdrew from consideration for Director of National Intelligence after Democrats assailed him as an unqualified loyalist of President Donald Trump, and many of his fellow Republicans remained silent.
Heat scorched Western Europe this July in what will likely be confirmed as the hottest month in recorded history. And yes, man-made climate change is to blame.
To combat the global climate crisis, we already have the most efficient carbon capture technology, Bloomberg Businessweek reports.
Job numbers in July looked healthy, but Trump's trade war may be taking its toll. Retail employment dropped to a three-year low while new White House tariff threats could mean more pain for already-suffering factories.
Among the richest Americans, listing fully furnished mansions is becoming increasingly common. But how do you put a price on taste?
Got alt-milk? This Swedish oat milk maker can barely keep up with U.S. demand, and its global takeover is just beginning.
What's Luke Kawa thinking about? The Bloomberg cross-asset reporter is downplaying speculation that Fed Chair Jerome Powell will call Trump's bluff and hold firm on rate cuts despite the White House threat to intensify its trade war with China.
What you'll need to know tomorrow
- A series of explosions hit Bangkok on Friday morning.
- Cryptocurrency investors be warned: The IRS is coming for you.
- Trump uses China's riot rhetoric in describing Hong Kong protesters.
- Traders have a theory about Trump's latest China tariff tweets.
- Is the “Powell put” enough to counter the U.S.-China trade war?
- Read part two of our report on the secret war on analogue drugs.
- This $20 million Nazi Porsche might not be a Porsche after all.
What you'll want to read in Bloomberg Pursuits
If you live in New York City, Saturday is the day to wander around Chelsea and look at (or maybe buy) the expensive art on display. Now Larry Gagosian, arguably the king of the world famous gallery district, is expanding his empire.
©2019 Bloomberg L.P.
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A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
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Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
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Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
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Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
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Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
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Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
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It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
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Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
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Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
