The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. An artificial intelligence tool aimed at creating tax strategies sparked a selloff in wealth-management stocks Tuesday as investors fear the business could be at risk from automated advice. The innovation puts the wealth-management industry in the crosshairs of AI competition, the way it did for software stocks and private credit firms last week and insurance brokera...
Feb 10, 2026•35 min
Coursera, a leading global online learning platform, last week announced financial results for its fourth quarter and full year ended December 31, 2025. The company's shareholder letter noted significant progress in "AI-native product innovation and data-driven decision making across the business." For full year 2025, Coursera reported revenue growth to $757 million, an increase of 9% year over year, and a record $78 million of Free Cash Flow, up 32% over the prior year. Greg Hart, the company's...
Feb 10, 2026•8 min
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Another rally in tech companies after an artificial intelligence-driven rout drove stocks higher ahead of economic data that will help shape the Federal Reserve outlook. Gold topped $5,000. The dollar fell. Following a surge that added $1 trillion to the S&P 500’s value at the end of last week, the index kept rising to approach its all-time highs. The technology ...
Feb 09, 2026•35 min
Since ChatGPT arrived on the scene some three years ago, analysts have been warning that entire industries, including software programming, legal services and film production, are at risk of being disrupted by artificial intelligence. But it took a wave of disappointing earnings reports, some improvements in AI models, and the release of a seemingly innocuous add-on from AI startup Anthropic to suddenly wake up investors en masse to the threat. The result has been the biggest stock selloff drive...
Feb 09, 2026•7 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...
Feb 07, 2026•1 hr 16 min
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Trump administration officials are exploring opening an antitrust investigation into US homebuilders as the White House sharpens its focus on tackling the country’s housing affordability crisis. The Department of Justice could open the probe in the coming weeks, according to people familiar with the discussions. No decision has been made and the administration may ab...
Feb 06, 2026•35 min
ConnectOne Bancorp delivered an 8% increase in adjusted pre-provision net revenue in its most recent quarter, reflecting margin expansion and operating efficiency. Bloomberg Intelligence notes that management tempered loan-growth expectations for 2026 to 3-5% from 5% vs. estimates of 5.5%, and expects net interest margin to exit 2026 at 3.35-3.4% vs. consensus' 3.45%. Frank Sorrentino, Founder and CEO of ConnectOne Bank discusses the state of regional and local banks as Santander snaps up Webste...
Feb 06, 2026•11 min
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Bitcoin tumbled below $63,000 as the unwinding of leveraged bets and broader market turbulence deepened a selloff that has wiped out all of the gains since President Donald Trump’s election set off a speculative rush into cryptocurrencies. The token fell as much as 14% Thursday to $62,267, the lowest since October 2024. The rout has erased half of Bitcoin’s value si...
Feb 05, 2026•37 min
Amazon said it plans to spend billions more than expected on data centers, chips and other equipment, fueling investor concerns that the company’s massive bet on artificial intelligence will take longer to pay off than anticipated.The company reported $39.5 billion on property and equipment expenses in the fourth quarter, topping estimates by almost $5 billion, and said its capital expenditures would reach $200 billion this year. Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec s...
Feb 05, 2026•25 min
Jenny Rooke, Ph.D., is the founder and Managing Director of Genoa Ventures. She leverages her unique toolkit of genetics domain expertise, strategic business acumen, and venture investing to launch and empower the next generation of category-defying companies at the convergence of technology and biology. Dr. Rooke has nearly two decades of investing experience, beginning at Fidelity Biosciences in 2006 as a Kauffman Fellow. Coming off the annual JPMorgan Healthcare Conference in January, Dr. Roo...
Feb 05, 2026•8 min
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Alphabet Inc. shares slipped after the company reported fourth-quarter revenue that beat expectations but said it plans to spend far more than investors expected in 2026. The Google parent said it will spend $175 billion to $185 billion this year, compared with the $119.5 billion analysts expected. The company’s fourth-quarter sales, excluding partner payouts, were ...
Feb 04, 2026•38 min
Driivz, a company owned by publicly-traded Vontier, is a global software supplier to electric-vehicle charging operators and service providers. It aims to accelerate the plug-in EV industry’s ongoing transformation using a cloud-based platform that spans EV charging operations, energy management, advanced billing capabilities and driver self-service tools. Shiri Levi-Laor was appointed on January 14 as the new Chief Executive Officer of Driivz. She joined the firm at the start of 2025, previousl...
Feb 04, 2026•10 min
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . A tech selloff dragged down stocks from near-record levels amid a rotation into more economically sensitive industries. A flare-up in geopolitical risks lifted oil while gold bounced after a historic rout. Bitcoin hit the lowest since President Donald Trump’s election victory. The plunge in software makers weighed on trading as Anthropic’s automation tool heightened...
Feb 03, 2026•28 min
Brazilian fintech company PicPay launched in 2012 as a digital wallet and now operates as a full-service digital bank with nearly 66 million customers. Controlled by the Batista family, owners of JBS, PicPay has posted strong revenue and profit growth, becoming one of the first major Brazilian companies to tap US equity markets since Nu Holdings’ blockbuster IPO in 2021. The offering was led by Citigroup, Bank of America, and Royal Bank of Canada. Eduardo Chedid is the CEO of PicPay. He has more...
Feb 03, 2026•8 min
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Elon Musk plans to merge SpaceX with xAI, according to people familiar with the matter, in a deal that encompasses the billionaire’s increasingly costly ambitions to dominate artificial intelligence and space exploration. The deal was announced in a memo on Monday, the people said, asking not to be identified as the information isn’t public. The combined company is ...
Feb 02, 2026•36 min
Aon's initial 2026 margin guidance is slightly better than analyst estimates, on the heels of a solid fourth quarter. Bloomberg Intelligence notes that organic growth was in line with Wall Street as upside in reinsurance offset a miss in health. The 2025 result of 6% is close to the previous three years but better than peer Marsh. The consolidated adjusted operating margin beat consensus and expanded from a year earlier making the 2025 result also better than estimates. Edmund Reese, Executive V...
Feb 02, 2026•8 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...
Jan 31, 2026•1 hr 15 min
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Kevin Warsh waited almost a decade before finally clinching President Donald Trump’s nomination to be chair of the Federal Reserve. He won’t need to wait as long before his first big test in the job. Having won the race with a promise of “regime change” at the Fed, suggesting he would make significant changes, Warsh has pledged to shrink the Fed’s balance sheet and ...
Jan 30, 2026•28 min
The Trump administration has pushed a sweeping policy agenda intended to hinder immigration. This has included a move in September to increase the fees on H-1B visa applications to $100,000 apiece, a staggering tenfold hike, along with other changes that have made the program less desirable to employers. Foreign-born residents are facing increasing hostility from Washington, regardless of their legal status. For many, the long-term viability of a career in Silicon Valley seems less certain than ...
Jan 30, 2026•12 min
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Apple Inc.’s revenue in the holiday quarter trounced Wall Street estimates, driven by strong demand for the new iPhone 17, growth in services and a rebound in China. Revenue jumped 16% to $143.8 billion in the period that ended Dec. 27, setting a record, the company said in a statement Thursday. Analysts had estimated $138.4 billion on average, according to data com...
Jan 29, 2026•38 min
SpaceX has lined up four banks to lead its initial public offering, according to people familiar with the matter, as Elon Musk’s rocket and satellite firm moves forward with plans for the biggest-ever listing. The company sees Bank of America Corp., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley in senior roles, the people said, asking not to be identified as the information isn’t public. Kelly Rodriques is the CEO of Forge Global, a leading provider of marketplace infrast...
Jan 29, 2026•10 min
Stamatis Tsantanis is the Chairman and Chief Executive Officer of Seanergy Maritime Holdings Corp. He joined the Company in 2012 and led its rise to a world-renowned pure-play Capesize company listed in the US, with cargo carrying capacity exceeding 3.4 million deadweight tons. Stamatis is also the Founder, Chairman and Chief Executive Officer of United Maritime Corporation, an independent diversified public shipping company that was initially established as a subsidiary of Seanergy. The two com...
Jan 28, 2026•12 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Wall Street traders sent stocks to all-time highs on speculation that solid corporate earnings will keep powering market gains. The dollar slid to an almost four-year low. Gold held above $5,000. Not even a slump in consumer confidence prevented a fifth day of gains for the S&P 500, which approached 7,000. United Parcel Service Inc. gave a bullish outlook. The Nasdaq 100 rose 0.9% before results from megacaps. UnitedHealt...
Jan 27, 2026•31 min
Fastenal Company (Nasdaq: FAST) announced last month that Daniel Florness had communicated to the company's Board of Directors his decision to step down from his role as Chief Executive Officer of Fastenal on July 16, 2026. On December 19, 2025, Fastenal's Board appointed Jeffery M. Watts, Fastenal's current President and Chief Sales Officer, to succeed Mr. Florness as Fastenal's CEO effective as of July 16, 2026. Florness joined Fastenal in 1996 and became CEO back in 2016. He expects to contin...
Jan 27, 2026•13 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump indicated he’ll make changes to his administration’s deportation crackdown in Minnesota after the killing of two US citizens during immigration raids sparked nationwide uproar. The president said he was sending US border czar Tom Homan — who is seen as relatively measured compared to rivals, including Homeland Security Secretary Kristi Noem — to Minneapolis in a bid to deescalate tensions. Trump also sp...
Jan 26, 2026•31 min
When French President Emmanuel Macron walked out onto a Davos stage sporting a pair of reflective blue aviator sunglasses, Stefano Fulchir, the CEO of iVision Tech SpA, did a double take. Almost immediately, orders starting pouring in for Macron’s frames, the brand’s Doublé or Laminé aviators that retail for €659. The attention on the sunglasses garnered almost as much commentary as Macron’s speech in which he blasted US trade policy. The French president wore the sunglasses after having what he...
Jan 26, 2026•9 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...
Jan 24, 2026•1 hr 16 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Snow and dangerously bitter cold have begun to spread from the Rocky Mountains to the Great Lakes as a massive storm pushes toward the US Northeast, disrupting travel and threatening power outages for much of the nation. The storm is expected to span nearly 1,500 miles (2,400 kilometers), bringing heavy snow, crippling ice and subzero wind chill to some of the biggest US cities. Natural gas prices surged on concern iced-over ...
Jan 23, 2026•28 min
ARK Invest’s "Big Ideas 2026" marks the 10th annual edition of the firm's flagship research report. ARK says the report is designed to identify and contextualize the technologies reshaping the global economy. The company aims to find key signals and focus on long-term innovation platforms, as exponential technologies are converging, markets are transforming, and new opportunities are emerging. Cathie Wood, the founder, CEO and CIO of ARK Invest, discusses why she believes the AI boom will help d...
Jan 23, 2026•18 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Intel Corp. gave a lackluster forecast for the current quarter because supply shortages are making it harder to meet customer demand, a disappointment for investors who anticipated more of a boost from new products. First-quarter revenue will be $11.7 billion to $12.7 billion, the company said in a statement Thursday. The midpoint of that range fell short of the $12.6 billion estimated by analysts. The company expects to brea...
Jan 22, 2026•36 min
