Waste Management beat Wall Street's sales and earnings targets for Q2. The company raised its full-year free-cash-flow target. While management lowered its sales target for the year, margins are coming in better than previously anticipated. John Morris, President and Chief Operating Officer of WM, speaks on the company's quarterly earnings and technological advancements at the firm See omnystudio.com/listener for privacy information....
Jul 31, 2025•12 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Federal Reserve Chair Jerome Powell said interest rates are in the right place to manage continued uncertainty around tariffs and inflation, tempering expectations for a rate cut in September. “There are many, many uncertainties left to resolve,” Powell told reporters Wednesday following the central bank’s decision to once again keep rates unchanged. “It doesn’t feel like we are very close to the end of that process.” The Fed...
Jul 30, 2025•31 min
Microsoft reported better-than-expected growth in its cloud business and said spending on AI infrastructure hit a record. The closely watched Azure cloud-computing unit posted a 39% rise in sales during Microsoft’s fiscal fourth quarter, the company said in a statement on Wednesday. Analysts projected 34% revenue growth. The shares rose about 7% in extended trading after closing at $513.24 in New York. The company’s stock was up about 22% this year through the Wednesday close. Meta also reported...
Jul 30, 2025•20 min
AstraZeneca Plc reported better-than-expected sales and rising profit for the second quarter, spurred by its stable of cancer medicines and growth in the US. Revenue climbed 12% to $14.5 billion, the UK drugmaker said Tuesday, beating estimates. Earnings per share excluding some items rose 10% to $2.17, as expected. Under Chief Executive Officer Pascal Soriot’s watch, Astra has turned into an oncology powerhouse and is increasingly focused on the US. Pascal discusses his company's strong quarter...
Jul 30, 2025•15 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Treasury Secretary Scott Bessent said that the US and China will continue talks over maintaining a tariff truce before it expires in two weeks and that President Donald Trump will make the final call on any extension. Bessent, who led the US delegation with Trade Representative Jamieson Greer, said in Stockholm that he’ll brief Trump on Wednesday on the remaining issues. “There’s still a couple of technical details to work ou...
Jul 29, 2025•38 min
The NBA's Dallas Mavericks are entering a new era with top overall draft pick Cooper Flagg joining a veteran roster that appears poised to bounce back from a disappointing end to last season. The team will also look to move past the largely negative reaction from its fanbase related to the trade of superstar Luka Doncic to the Los Angeles Lakers. Rick Welts, the Basketball Hall of Fame executive who now serves as the Mavericks' CEO, discusses the outlook for team, the franchise's plans for a new...
Jul 29, 2025•14 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . European capitals defended the trade deal struck with President Donald Trump, which will see the European Union accept a 15% tariff on most of its exports to the US while reducing levies on some American products to zero. European Commission President Ursula von der Leyen, who met with Trump in his golf club in Turnberry, Scotland, on Sunday, hailed the agreement for the stability and predictability it will offer businesses a...
Jul 29, 2025•40 min
President Donald Trump’s unprecedented walk-through of the Federal Reserve’s now-controversial building renovation project with Jerome Powell ended with a sign of relief for the central bank chief who’s been under pressure for months to slash interest rates. There’s “no tension” with Powell, Trump said after the Thursday tour — which featured the two men publicly trading barbs over the cost of a project that the president’s allies have used to blast the Fed chair’s leadership. The president indi...
Jul 28, 2025•14 min
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 YouTube - just search for Bloomberg Global News. Like us at Bloombe...
Jul 25, 2025•1 hr 23 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . European Commission President Ursula von der Leyen said she will travel to Scotland this weekend to meet with US President Donald Trump, as the two sides aim to conclude a trade deal ahead of an Aug. 1 deadline when 30% tariffs on the bloc’s exports are otherwise due to kick in. After months of talks and shuttle diplomacy between Brussels and Washington DC, the two sides have been zeroing in on an agreement this past week tha...
Jul 25, 2025•39 min
Microsoft Corp. said a Chinese hacking group is exploiting security vulnerabilities in the company’s SharePoint servers to deploy ransomware, following a cyberattack discovered last week that has affected hundreds of entities around the world. The group, which Microsoft has named Storm-2603, has a history of waging ransomware attacks, which use malicious software to lock down computers and render them inoperable. Ransomware groups usually then demand payment from their victims to unlock the comp...
Jul 25, 2025•9 min
Donald Trump downplayed jostling with Federal Reserve Chairman Jerome Powell over cost overruns during a tour of the central bank’s renovation project, even as he used the interaction to again push for lower interest rates. After a tour that saw Trump and Powell publicly trade barbs over the cost of the project, Trump maintained there was no tension with the Fed chief and indicated that problems with the project probably weren’t reason enough to fire the central bank head. But the remarkable tou...
Jul 24, 2025•17 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump and Federal Reserve Chairman Jerome Powell clashed over the central bank’s renovation project during a tour of the construction site on Thursday. The pair spoke to reporters during a visit to oversee the restoration work being done at the central bank’s headquarters, with the president and the central bank leader almost immediately arguing over the cost of the project. Powell pushed back on Trump’s clai...
Jul 24, 2025•36 min
American real estate firm Brown Harris Stevens believes that despite recent political noise, New York remains one of the most resilient markets in the world. The company says buyers are tracking listings closely, waiting for movement, and responding quickly to value. Even modest price adjustments are sparking renewed interest, with previously quiet listings drawing multiple full-price offers. Louise Phillips Forbes is a top producing agent at Brown Harris Stevens and a 34-year industry leader wi...
Jul 24, 2025•12 min
Tesla fell short of Wall Street’s expectations in one of the automaker’s worst quarters in years, a sign of the toll that rising competition and a backlash against Chief Executive Officer Elon Musk have taken on the company. Adjusted earnings were 40 cents per share, Tesla said Wednesday in a statement, just below the average analyst estimate. Revenue fell 12% to $22.5 billion, the sharpest decline in at least a decade. Still, the report was free of new bombshells and the company said it continu...
Jul 23, 2025•14 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Tesla Inc. fell short of Wall Street’s expectations in one of the automaker’s worst quarters in years, a sign of the toll that rising competition and a backlash against Chief Executive Officer Elon Musk have taken on the company. Adjusted earnings were 40 cents per share, Tesla said Wednesday in a statement, just below the average analyst estimate. Revenue fell 12% to $22.5 billion, the sharpest decline in at least a decade. ...
Jul 23, 2025•44 min
Ballast Rock Asset Management, the $600 million registered investment advisor, sees interest rates staying higher for longer in the United States. The firm says multifamily technical indicators remain strong relative to other real estate asset classes with new-unit deliveries in 2026 expected to be half of the 10-year average, while the capacity to support higher rents remains robust after years of wage growth. Thomas Carroll, the founder and CEO of Ballast Rock, examines the market forces affec...
Jul 23, 2025•10 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Stocks are at all-time highs. Chatter on WallStreetBets is surging. Retail traders are flooding into low-priced shares. It’s not 2021, and the shares of the moment aren’t GameStop Corp., AMC Entertainment Holdings Inc. or the now-bankrupt Bed Bath & Beyond. In 2025’s meme stock mania, the companies du jour are Opendoor Technologies Inc. and Kohl’s Corp. The similarities are clear: Like the episode four years ago, which fa...
Jul 22, 2025•39 min
US President Donald Trump has threatened to impose 30% tariffs on European Union goods. Brussels says it still wants to negotiate, but it is also reportedly preparing a plan in case of no deal. Could the EU mount a meaningful response? Yes, by targeting US services, where America runs a trade surplus. The challenge: getting key EU member states to overcome fears of provoking a broader escalation. Darragh O’Brien, Minister for Transport, Climate, Energy and the Environment for the Republic of Ire...
Jul 22, 2025•9 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . The start of a busy week for Corporate America saw stocks giving up most of their gains, with traders looking for signs of resilience in earnings amid tariff risks. Treasury yields fell alongside the dollar. While the S&P 500 closed above 6,300 for the first time, the equity benchmark rose just 0.1%. Energy shares joined a decline in oil amid lingering worries about crude demand. A gauge of the “Magnificent Seven” megacap...
Jul 21, 2025•42 min
It was big week for Huntington Bancshares, which agreed to buy Veritex Holdings for $1.9 billion in stock, expanding its presence in Dallas, Fort Worth and Houston. The acquisition is aimed at accelerating Huntington's organic growth initiatives in high-growth Texas markets. Meanwhile the Ohio-based lender also reported strong quarterly earnings, reflecting growth in loans and deposits, sustained strong revenue and profit growth, as well as continued excellent credit performance Zach Wasserman, ...
Jul 21, 2025•11 min
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 YouTube - just search for Bloomberg Global News. Like us at Bloombe...
Jul 18, 2025•1 hr 25 min
Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump signed the first federal bill to regulate stablecoins, hailing it as a “giant step to cement American dominance of global finance and crypto technology” and delivering a major victory for the digital asset industry. “The Genius Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins,” Trump said Friday at a White House ...
Jul 18, 2025•36 min
A few years ago, Tiffany & Co. began offering a limited edition Patek Philippe Nautilus 5711 with a dial in the jeweler’s signature robin’s-egg blue. Patek crafted 170 of them, a tribute to the number of years the brands had worked together. Tiffany’s hope was that the buzzy timepiece would help attract – and retain – high-end shoppers who weren’t already regular customers. Yet the Blue Dial — as it became known — was never for sale in the traditional sense. Demand was so high that Tiffany e...
Jul 18, 2025•12 min
Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF . While rival media companies are unloading assets and cutting costs, Netflix Inc. continues to thrive. The owner of the world’s most popular paid streaming service on Thursday reported second-quarter results that exceeded investor expectations in every major metric, saying revenue grew to $11.1 billion and earnings jumped to $7.19 a share. The company also raised its forecast for full-year sales and profit margi...
Jul 17, 2025•36 min
Pittsburgh International Airport is in the midst of a transformation aimed at meeting the needs of the Pittsburgh region through a $1.7 billion modernization comprised of a new terminal, new parking complex and extensive improvements to existing facilities. This project has generated billions of dollars for the region as well as 14,300 jobs. Christina Cassotis, CEO of the Allegheny County Airport Authority, which is the agency that oversees developments at Pittsburgh's main airport, discusses th...
Jul 17, 2025•8 min
Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump denied he is seeking to remove Federal Reserve Chair Jerome Powell, after raising the idea in a closed-door meeting with congressional Republicans that leaked to the media. “No, we’re not planning on doing anything,” Trump told reporters on Wednesday. He later added, “I don’t rule out anything, but I think it’s highly unlikely, unless he has to leave for fraud.” A White House official, sp...
Jul 16, 2025•32 min
AXIS is a global specialty commercial insurer that covers risks for businesses that can’t normally obtain standard insurance coverage. The commercial reinsurer boasts customers spanning a range of industries. Examples of the specialty coverage lines at AXIS include property, casualty, cyber, marine, energy, accident & health, sports insurance, terrorism, aviation, as well as coverage for the directors and officers of companies. Vince Tizzio, the president and CEO of AXIS, discusses his compa...
Jul 16, 2025•7 min
Watch Bloomberg Businessweek Daily every day on YouTube: http://bit.ly/3vTiACF . Nvidia Corp.’s Jensen Huang spent months telling everyone what a grave mistake the US was making restricting shipments of artificial intelligence processors to China — with little sign that his argument was swaying anyone. Then, very suddenly, that all changed. Late on Monday, the chipmaker said it received assurances that the US government would allow it to export some chips to the Asian nation. Advanced Micro Devi...
Jul 15, 2025•34 min
A divided US Supreme Court let President Donald Trump resume dismantling the Department of Education, lifting a lower court order that required the reinstatement of as many as 1,400 workers. Granting an emergency request from the administration, the justices put on hold a federal district court ruling that said the Trump purge would leave the department unable to perform duties required under US law. The Supreme Court order will apply while the case continues on appeal. Bloomberg News Supreme Co...
Jul 15, 2025•6 min
