US Latino GDP currently stands at $4 trillion. If measured independently, the figure equates to the world's fifth-largest economy, exceeding that of the United Kingdom and France, and tying with India, which boasts a population 20 times larger. Ana Valdez is the President and CEO of the nonprofit Latino Data Collaborative, which researches and highlights the vital contributions of US Latinos to the American economy. She breaks down the key sectors being driven by US Latinos, and explains why inv...
Aug 19, 2025•7 min
Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF . US President Donald Trump and Ukrainian leader Volodymyr Zelenskiy expressed optimism their summit with European leaders could result in trilateral talks with Vladimir Putin over ending the Russian leader’s war in Ukraine. The White House meeting came days after the US president met Putin in Alaska. But while that gathering — which saw Trump say the onus was on Zelenskiy to end the three-year-long conflict — sp...
Aug 18, 2025•54 min
The US Department of Energy intends to offer funding opportunities totaling nearly $1 billion “to advance and scale mining, processing, and manufacturing technologies across key stages of the critical minerals and materials supply chains,” it said in a statement this week. The proposed funding is meant to accelerate the US critical minerals and materials sector and reduce reliance on foreign suppliers. One of the companies impacted by this announcement is Factorial Energy, a producer of solid-st...
Aug 18, 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...
Aug 15, 2025•1 hr 15 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump and Russian counterpart Vladimir Putin began discussions at a highly anticipated summit with the US leader looking to secure an end to the war in Ukraine. Reporters later saw the two in a room with their aides, as the discussions formally began, but the leaders did not take any questions. Alongside Trump were US Secretary of State Marco Rubio and special envoy Steve Witkoff, while Putin was joined by Fo...
Aug 15, 2025•27 min
Creatio is a global software company specializing in low-code and no-code process automation for customer relationship management (CRM) and enterprise workflows with artificial intelligence tools increasingly playing a part. Millions of workflows are launched on the platform daily by thousands of clients across 100 countries, with a funding round completed in June 2024 having raised to company's value to $1.2 billion. Katherine Kostereva, Creatio's founder and CEO, discusses the impact of AI on ...
Aug 15, 2025•11 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . The Trump administration is in talks with Intel Corp. to have the US government potentially take a stake in the beleaguered chipmaker, helping support the company’s effort to expand domestic manufacturing, according to people familiar with the plan. The deal would help shore up Intel’s planned factory hub in Ohio, said the people, who asked not to be identified because the deliberations are private. The company had once promi...
Aug 14, 2025•42 min
Apple Inc. is plotting its artificial intelligence comeback with an ambitious slate of new devices, including robots, a lifelike version of Siri, a smart speaker with a display and home-security cameras. A tabletop robot that serves as a virtual companion, targeted for 2027, is the centerpiece of the AI strategy, according to people with knowledge of the matter. The smart speaker with a display, meanwhile, is slated to arrive next year, part of a push into entry-level smart-home products. Mark G...
Aug 14, 2025•7 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . US President Donald Trump warned he would impose “very severe consequences” if Vladimir Putin didn’t agree to a ceasefire agreement later this week, following a call with European leaders ahead of his meeting with the Russian president. Trump also said he hoped to use the Friday meeting to set up a “quick second meeting” with Ukrainian leader Volodymyr Zelenskiy after allies pressed him to push for such a summit. “There’s a v...
Aug 13, 2025•46 min
Green firms in the US have found something of a lifeline in artificial intelligence after being bogged down by high interest rates, shrinking funding and, more recently, President Donald Trump’s sharp rollback of support. Clean technology companies that have inked deals to support data centers have seen their stocks soar this year, outperforming the S&P 500. Nuclear power startup Oklo Inc.’s shares are up nearly 275% year-to-date while the stock price of fuel cell provider Bloom Energy Corp....
Aug 13, 2025•13 min
Watch Bloomberg Busine every day on YouTube: http://bit.ly/3vTiACF . Underlying US inflation accelerated in July though the cost of tariff-exposed goods didn’t rise as much as feared, boosting expectations that Federal Reserve officials will lower interest rates when they meet next month. The core consumer price index, which excludes the often volatile food and energy categories, increased 0.3% from June, the strongest pace since the start of the year, according to Bureau of Labor Statistics dat...
Aug 12, 2025•34 min
Inspire is a medical technology company focused on the development and commercialization of innovative, minimally invasive solutions for patients with obstructive sleep apnea. Inspire’s proprietary Inspire therapy is the first and only FDA, EU MDR, and PDMA-approved neuro-stimulation technology that provides a safe and effective treatment for moderate to severe obstructive sleep apnea. The company last week cut its revenue guidance for the full year, saying the US commercial launch for Inspire V...
Aug 12, 2025•11 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . The Federal Reserve’s two vice chairs, Michelle Bowman and Philip Jefferson, and Dallas Fed President Lorie Logan are under consideration to serve as chair of the central bank when the position opens next year, according to two administration officials. Treasury Secretary Scott Bessent, who is running the search, will interview additional candidates in the coming weeks, said the officials, who were granted anonymity to speak ...
Aug 11, 2025•38 min
Upwork Inc., the world’s largest human and AI-powered work marketplace, has facilitated more than $25 billion in economic opportunity for talent around the world. The online recruitment company this week reported second-quarter results that beat expectations and also raised its full-year forecast. Erica Gessert, Upwork's Chief Financial, breaks down the latest numbers and discusses the recent acquisition of Bubty, as well as its agreement to acquire Ascen through Upwork’s new wholly-owned Enterp...
Aug 11, 2025•10 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...
Aug 08, 2025•1 hr 17 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . The Trump administration is considering selling shares of Fannie Mae and Freddie Mac in an offering that could start as early as this year, according to senior administration officials. The plan could value the government-controlled mortgage giants at some $500 billion or more and would involve selling between 5% and 15% of their stock with an offering expected to raise about $30 billion. No final decision has been made and P...
Aug 08, 2025•33 min
On Thursday, Elanco Animal Health shares climbed by the most intraday since May, after the animal health firm boosted its adjusted profit and revenue guidance for the full year, following better-than-expected second-quarter results. Bloomberg Intelligence sees the launches of dog medications Credelio Quattro and Zenrelia bolstering Elanco's broader portfolio, with a big portion of new customers buying multiple products. Jeff Simmons, Elanco's President and CEO, breaks down the firm's strategic f...
Aug 08, 2025•12 min
Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump said he had chosen Council of Economic Advisers Chairman Stephen Miran to serve as a Federal Reserve governor. “He has been with me from the beginning of my Second Term, and his expertise in the World of Economics is unparalleled — He will do an outstanding job,” Trump said in a social media post. Trump said that Miran, who will need to be confirmed by the US Senate, would only serve the ...
Aug 07, 2025•38 min
MNTN is redefining how brands use television by making TV advertising as measurable, precise, and performance-driven as Internet searches and social media. MNTN’s software is helping a new generation of marketers turn Connected TV into a core part of their growth strategy. Mark Douglas, the company's founder, chairman and CEO, says he's bullish about the future of TV ads with MNTN developing new technologies and bringing on content creators to help small businesses build ads on streaming platfor...
Aug 07, 2025•12 min
Watch Bloomberg Businessweek Daily every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump announced that Apple Inc. will commit to spending another $100 billion on domestic manufacturing, the latest pledge by the tech giant to increase US production of its products as it seeks to avoid punishing tariffs on its flagship iPhones. The announcement at the White House on Wednesday included a new manufacturing program designed to bring more of Apple’s supply chain to the US, with an eye ...
Aug 06, 2025•31 min
MercadoLibre Inc. investors brushed off a second-quarter report that missed estimates for profit, betting on the Latin American e-commerce giant’s long-term strategy. The company’s earnings, released Monday evening, fell short of analyst estimates for net income, pressured by rising costs tied to an expansion of free-shipping policy in Brazil. Still, revenue growth remained strong and executives doubled down on their plans to keep expanding across the region. Martin de los Santos, MercadoLibre's...
Aug 06, 2025•13 min
Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF . Stocks wiped out gains after data showed weakening US services amid sticky price pressures, raising concern about the Federal Reserve’s policy challenges. Short-dated Treasuries underperformed. Oil sank as Russia was said to mull an air-truce with Ukraine. Following a rally that put S&P 500 on the brink of all-time highs, the benchmark lost steam. A gauge of chipmakers slid over 1% ahead of Advanced Micro D...
Aug 05, 2025•43 min
SparkCharge bills itself as the “World's Largest Electric Vehicle Fleet Charging Network.” The company's mission is to revolutionize the EV charging industry by making charging faster, more accessible, and more sustainable. Through innovative technology and mobile solutions, SparkCharge says it seeks to empower businesses to charge anywhere, anytime — eliminating barriers to EV adoption and driving the world toward a cleaner, more electrified future. Founder and CEO Josh Aviv details the company...
Aug 05, 2025•11 min
Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF . A chorus of stock market prognosticators at some of Wall Street’s biggest firms is warning clients to prepare for a pullback as sky-high equity valuations slam into souring economic data. On Monday, Morgan Stanley, Deutsche Bank AG and Evercore ISI all cautioned that the S&P 500 Index is due for a near-term drop in the weeks and months ahead. The predictions come after a furious rally from April’s lows that...
Aug 04, 2025•45 min
Holland, Michigan-based CraftCo. Brands has a diverse portfolio of innovative distilled alcoholic beverages comprised of more than 30 spirits and liqueurs across the bourbon, gin, vodka, rye, and ready-to-drink categories. CraftCo. competes in an industry that is increasingly dominated by consolidation, the speed with which companies can get their products to the shelves, and ever-evolving trends. Ali Anderson, the company's CEO, discusses the state of the alcohol industry, consumer habits and t...
Aug 04, 2025•12 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...
Aug 01, 2025•1 hr 27 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump said he was directing officials to fire Erika McEntarfer, the commissioner of the Bureau of Labor Statistics, hours after a report showed US job growth cooled sharply over the last three months. “I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY,” Trump said on social media Friday, accusing her, without evidence, of politicizing the jobs report. “She will be replaced with someo...
Aug 01, 2025•40 min
Ambiq Micro Inc. shares rose 61% in their first trading day, after the maker of ultra-low power semiconductors for AI applications raised $96 million in an upsized initial public offering. Shares of the Austin-based company closed at $38.53 each on Wednesday in New York, above the IPO price of $24 apiece. Scott Hanson, the company's founder and Chief Technology Officer, discusses the firm's strong start in public markets, how US tensions with China impact its strategy, and the array of consumer ...
Aug 01, 2025•9 min
Amazon.com dropped in late trading after projecting weaker-than-expected operating income and trailing the sales growth of its cloud rivals, leaving investors searching for signs that the company’s huge investments in artificial intelligence are paying off. Operating profit will be $15.5 billion to $20.5 billion in the period ending in September, compared with an average estimate of $19.4 billion. Sales will be $174 billion to $179.5 billion, the company said Thursday in a statement. Analysts, o...
Jul 31, 2025•13 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Apple Inc. reported third-quarter revenue that handily topped analysts’ estimates, boosted by surprisingly strong sales of the iPhone and products in China. Revenue rose 9.6% to $94 billion in the period, which ended June 28, the company said in a statement Thursday. Analysts estimated $89.3 billion on average, according to data compiled by Bloomberg. Apple had projected a $900 million headwind from tariffs during the period,...
Jul 31, 2025•35 min
