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Maxime Mouysset for Bloomberg Businessweek

The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling

By Liam Vaughan

Yuki Iwamura/Bloomberg

Trump’s $12 Billion Tourism Wipeout

Four months into the president’s second term, his policies are upending tourism worldwide.

How Celebrity Deepfakes Supercharged a Florida Health-Care Hustle

A wannabe hip-hop mogul and a onetime porn-video recruiter turned Obamacare into a lucrative get-rich-quick scheme, with an assist from Bain Capital.

The Wall Street Billionaire Who Transformed Himself Into a MAGA Memelord

Investor Bill Ackman became a very-online, Trump-loving culture warrior. Now he wants to be the next Warren Buffett.

Businessweek Daily

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Mandel Ngan/AFP/Getty Images

Musk’s Torching of Trump Won’t Help Tesla

Fallout from the White House breakup. Plus: How deepfake ads helped an insurance scam.

A Mega Fun Run Becomes a Finance Bro Blood Sport

Tariffs Are Thorny If You’re in the Flower Business

Nic Antaya for Bloomberg Businessweek

Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again

The Rocket Mortgage owner, fresh off back-to-back acquisitions, is having a blast spending his fortune.

Pursuits

Materialists Offers a Frank Take on Love and Money That’s Long Overdue

Start Your Day Like a Boss: What CEOs Listen To on Their Commutes

Thrillers, Histories and Capers: The 10 Best Books of Summer 2025

Can You Build a Great Wine Cellar Using Only American Bottles?

The Designer Who Taught American Women How to Dress

The Final Frontier of Luxury in Autos Is Sound

AI Advances Are Accelerating, and We’re Not Ready DeepSeek’s ‘Tech Madman’ Founder Is Threatening US Dominance in AI Race Microsoft’s CEO on How AI Will Remake Every Company, Including His

GM’s Mary Barra Has to Make a $35 Billion EV Bet Work in Trump’s America It’s Legal to Pay US Workers With Disabilities as Little as 25¢ an Hour The Rise and Fall of the Stock Market’s Music King

Google Is Searching for an Answer to ChatGPT How TD Became America’s Most Convenient Bank for Money Launderers A US Drone Maker Tries to Take Back the Country’s Skies

Walmart Wants to Be Something for Everyone in a Divided America Your Stolen Car Is in a Shipping Container, Bound for Africa Believing in Aliens Derailed This Internet Pioneer’s Career. Now He’s Facing Prison

AI Advances Are Accelerating, and We’re Not Ready DeepSeek’s ‘Tech Madman’ Founder Is Threatening US Dominance in AI Race Microsoft’s CEO on How AI Will Remake Every Company, Including His

GM’s Mary Barra Has to Make a $35 Billion EV Bet Work in Trump’s America It’s Legal to Pay US Workers With Disabilities as Little as 25¢ an Hour The Rise and Fall of the Stock Market’s Music King

Google Is Searching for an Answer to ChatGPT How TD Became America’s Most Convenient Bank for Money Launderers A US Drone Maker Tries to Take Back the Country’s Skies

Walmart Wants to Be Something for Everyone in a Divided America Your Stolen Car Is in a Shipping Container, Bound for Africa Believing in Aliens Derailed This Internet Pioneer’s Career. Now He’s Facing Prison

Radio

Bloomberg Businessweek Daily

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US-China Meeting Planned

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41:32

The AI Issue

DeepSeek’s ‘Tech Madman’ Founder Is Threatening US Dominance in AI Race

Microsoft’s CEO on How AI Will Remake Every Company, Including His

Inside the First Stargate AI Data Center

How AI Has Already Changed My Job

Elon and Trump Are Breaking Up in Public

Is Elon’s Political Capital Spent?

Is Elon Quitting Politics... for Banking?

An Insider’s View on What Ails Tesla

Ryan Young for Bloomberg Businessweek

YouTube Is Swallowing TV Whole, and It’s Coming for the Sitcom

Creators are making longer shows to meet viewers where they are: increasingly, in front of their TVs.

Going Viral

The story behind the hit

Ryan Haskins for Bloomberg Businessweek; Photos: Getty Images; Bachan’s

Millions of Americans Are Obsessed With This Japanese Barbecue Sauce

The pandemic helped turn Bachan’s—an internet-only savory-sweet condiment—into a grocery store juggernaut.

How Coach Handbags Became a Gen Z Status Symbol

How the Lizard King Built a Reptile Empire Selling $50,000 Geckos

Ones to Watch

Bloomberg Screentime: The 12 Entertainers and Executives Shaping the Arts and Culture

Get to know the musicians, dealmakers, podcasters and directors who are shaping the future of the industry.

The People in Climate to Watch in 2024

Get to know the investors, policymakers, scientists and activists who are shaping the future of the environment.

A Walk With

Getting to know the most interesting people in business

Nic Antaya for Bloomberg Businessweek

Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again

The Rocket Mortgage owner, fresh off back-to-back acquisitions, is having a blast spending his fortune.

Two Million Meat Sticks a Day Isn’t Enough for Chomps’ CEO

Inside the Dizzying Chaos of Running a Freight Business Under Trump

Buying Power

Amanda Mull on consumer culture

Kyoko Hamada for Bloomberg Businessweek

Trump Has Already Ruined Christmas

Even if the president were to call off the tariffs tomorrow, he’s unleashed a series of supply chain shocks that will cause consumers pain beyond store shelves.

Extra Salt

Deena Shanker on the food business

Sahara Jajarmikhayat for Bloomberg Businessweek

What America’s Pizza Economy Is Telling Us About the Real One

Higher-end pies are still selling, but for lower-income consumers even frozen pizza is becoming a luxury.

Healthy Sodas Like Poppi, Olipop Are Drawing PepsiCo’s and Coca-Cola’s Attention

Snack Makers Are Removing Fake Colors From Processed Foods

B-Schools

A crash course on the best business schools

Sophie Park/Bloomberg

Global Deans Condemn Move Denying International Students to Harvard

A diverse student body is essential to nurturing future executives, business school leaders say.

Gutting DEI? Not So Fast, Say B-School Applicants

How One MBA Grad Blew the Whistle on a $2 Billion Deal

Field Day

Ira Boudway and Randall Williams on the business of sports

Alex Gamsu Jenkins for Bloomberg Businessweek

Not Every Team Deserves a Netflix Sports Documentary

Customers love them, but streamers are getting choosier in what they say yes to.

Ones to Watch

Bloomberg Screentime: The 12 Entertainers and Executives Shaping the Arts and Culture

Get to know the musicians, dealmakers, podcasters and directors who are shaping the future of the industry.

The People in Climate to Watch in 2024

Get to know the investors, policymakers, scientists and activists who are shaping the future of the environment.

Buying Power

Amanda Mull on consumer culture

Kyoko Hamada for Bloomberg Businessweek

Trump Has Already Ruined Christmas

Even if the president were to call off the tariffs tomorrow, he’s unleashed a series of supply chain shocks that will cause consumers pain beyond store shelves.

Field Day

Ira Boudway and Randall Williams on the business of sports

Alex Gamsu Jenkins for Bloomberg Businessweek

Not Every Team Deserves a Netflix Sports Documentary

Customers love them, but streamers are getting choosier in what they say yes to.

The Archive

The Sam Altman Interview

February 1, 2025

January 1, 2025

Trump’s Second Act

December 1, 2024

China’s EV Offensive

November 1, 2024

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What America’s Pizza Economy Is Telling Us About the Real One

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The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling

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How Celebrity Deepfakes Supercharged a Florida Health-Care Hustle

A wannabe hip-hop mogul and a onetime porn-video recruiter turned Obamacare into a lucrative get-rich-quick scheme, with an assist from Bain Capital.

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Is Elon Musk’s Political Capital Spent?

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Cuts to US Aid Imperil the World’s Largest HIV Treatment Program

In South Africa, clinics serving marginalized groups—migrants, gay men and sex workers—are shutting down as funds dry up.

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