Bloomberg Businessweek US
Real Estate Recovery? Depends Where You Live
For millions of Americans, the end of cheap money hit home—literally. The Federal Reserve’s rapid-fire interest-rate increases paralyzed the housing market as buyers decided to wait for lower prices and relief from mortgage rates that had doubled. Would-be sellers kept inventory scarce by clinging to low-interest loans and memories of home values that hit records in the pandemic. Pending sales plunged 39% in November from a year earlier to the second-lowest level on record—behind only April 2020, when the US was locked down.
3 min |
January 16, 2023
Bloomberg Businessweek US
VEHICLE DEFLATION IS PUTTING THE BRAKES ON THE USED-CAR MARKET
Right before the global financial crisis, former Citigroup Inc. Chief Executive Officer Chuck Prince famously said that as long as the music is playing, you’ve got to get up and dance. In the pandemic-era car-buying frenzy, no business spent more time on the dance floor than the global auto industry, which had never before enjoyed so much pricing power.
5 min |
January 16, 2023
Bloomberg Businessweek US
Return of the Jumbos!
As global air travel comes roaring back from its pandemic-induced slump, airlines are racing to provide enough capacity, particularly for premium tickets on the long-haul flights enjoying a stronger-than-expected rebound.
3 min |
January 16, 2023
Bloomberg Businessweek US
A Path Out of Poland's Isolation
Voters in Poland will head to the polls this fall. The results of the election could ripple through the rest of the European Union.
3 min |
January 16, 2023
Bloomberg Businessweek US
TECHNOLOGY DOWN WITH THE AD DUOPOLY
For more than a half-decade, Alphabet Inc. and Meta Platforms Inc. have ruled the digital advertising market—the money machine that funds the modern internet. They’ve collected more than half of all online ad dollars, year after year, to the point that competitors and regulators feared there would be no realistic way to break their hold.
4 min |
January 16, 2023
Bloomberg Businessweek US
Green Shoots Amid Europe's ENERGY WOES
After Russia invaded Ukraine in February, European governments vowed to slash their dependence on imported natural gas and speed the shift to clean energy.
2 min |
January 16, 2023
Bloomberg Businessweek US
Another OILY COP
The annual climate conference known as COP (for Conference of the Parties, in United Nations-speak) will take place from late November to mid-December in Dubai.
1 min |
January 16, 2023
Reason magazine
California Wants to Run Out of Gas
In late august, California air regulators announced that the state would ban the sale of most gasoline-powered vehicles by 2035, a policy aimed at encouraging a shift to electric vehicles (E.V.s). A week later, amid a massive heat wave, California officials begged E.V. owners not to recharge their cars during peak evening hours so as not to overload the state's energy grid.
1 min |
January 2023
Bloomberg Businessweek US
Can Ron De Santis Ride 'Woke' To the White House?
The Florida governor’s attacks on business leaders who promote progressive values are finding traction with the Republican grassroots
10+ min |
January 09, 2023
Bloomberg Businessweek US
New York, Decarbonized
A 2019 city law threatens big fines for landlords who don’t clean up their buildings
5 min |
January 09, 2023
Bloomberg Businessweek US
I'm Leavin' It
Before the invasion of Ukraine forced McDonald's to exit Russia, the company won millions of people over to American fast food, revolutionized the country's supply chain and changed Russian enterprise for good
10+ min |
January 09, 2023
Bloomberg Businessweek US
FTX Was Targeting Main Street
○ Before it collapsed, the crypto exchange saw novice small investors as its future
4 min |
January 09, 2023
Bloomberg Businessweek US
Muffling Mumbai
Activists battling the cacophony say they can show the way for other noisy places
3 min |
January 09, 2023
Bloomberg Businessweek US
At This CES, Pragmatism Reigns
After years of focusing on nascent technologies, interest shifts to areas with near-term profit
3 min |
January 09, 2023
Bloomberg Businessweek US
In a World of Data, A Power Play Over Chips
In 2022 the whole world seemed to wake up to the idea that semiconductors, rather than data, are the new oil. A confluence of factors—from Russia’s invasion of Ukraine to the fallout from Covid-19—has turned a thesis into a widely accepted doctrine that’s spurring almost $100 billion in new state investment.
2 min |
January 09, 2023
Bloomberg Businessweek US
WHERE TO GO IN 2023
As tourists of all types are set to spend a record amount on travel this year, it's time to go big-because you're definitely not staying home
10+ min |
January 09, 2023
Bloomberg Businessweek US
The Great Compuppance
○ For some billionaires used to having their own way, 2022 was a reckoning
5 min |
January 09, 2023
Bloomberg Businessweek US
THIS ISN'T ROCKET SCIENCE
A group of former SpaceX engineers is building a pizza-making robot and taking the project very seriously
10+ min |
January 09, 2023
Bloomberg Businessweek US
Japan's Carmakers Are EV Laggards
○ Not one of them is among the world’s top 20 electric-vehicle makers, risking their futures
6 min |
January 09, 2023
Bloomberg Businessweek US
China's Tech Truce
The country's technology giants are finding out how to operate within Xi's tacit rules
5 min |
January 09, 2023
Bloomberg Businessweek US
The Education of Susan Collins
○ For the Boston Fed’s new president, the study of economics began during family vacations
3 min |
January 09, 2023
Bloomberg Businessweek US
The End of 'Made in the USA'?
○ Los Angeles’s fashion industry is feeling the effects of a workers’-rights push
5 min |
January 09, 2023
Bloomberg Businessweek US
Apple's Stock Has A Teflon Shield
The iPhone maker’s shares, down for the year, are still doing far better than those of its tech peers
4 min |
December 26, 2022 - January 02, 2023 (Double Issue)
Bloomberg Businessweek US
Missing Children
Classrooms sit empty at day-care centers despite 24 billion in federal grants
5 min |
December 26, 2022 - January 02, 2023 (Double Issue)
Bloomberg Businessweek US
Bosses Bite Back
Unions had some key wins in tech in 2022, but so did their opponents
4 min |
December 26, 2022 - January 02, 2023 (Double Issue)
Bloomberg Businessweek US
The people who defines global business in 2022
This is our sixth annual look at those in business, politics, science and technology, finance and entertainment whose accomplishments deserve recognition.
9 min |
December 26, 2022 - January 02, 2023 (Double Issue)
Bloomberg Businessweek US
The Chatbots Are Coming for Google
ChatGPT and acrop of startups run by Google alumni reimagine search for the AI era
5 min |
December 26, 2022 - January 02, 2023 (Double Issue)
Bloomberg Businessweek US
Thwarting Data Nightmares
The finance industry has built a digital vault for sensitive data in case of a hack. So far, no one has had to tap into it
3 min |
December 26, 2022 - January 02, 2023 (Double Issue)
Bloomberg Businessweek US
A Sanctions-Proof Trade Route
Russia and Iran are spending billions to build an inland corridor stretching all the way to India
5 min |
December 26, 2022 - January 02, 2023 (Double Issue)
Bloomberg Businessweek US
How Taylor Swift Could Still Hurt Ticketmaster
The ticketing fiasco over the singer's tour might help reopen an old antitrust case about its market power
6 min |