Business

Depleted strategic oil reserve nears level that raises concerns about damage to caverns, operations

Depleted strategic oil reserve nears level that raises concerns about damage to caverns, operations

The rapid drawdown of the U.S. Strategic Petroleum Reserve could damage the caverns that store the oil, experts warn.

College can cost $100,000 a year. Here's how families are covering the tab

College can cost $100,000 a year. Here's how families are covering the tab

Because families struggle to pay for school, many students and their parents increasingly depend on federal and private aid to help foot the bill.

South Korean billionaire fights record $668M divorce payout to ex-wife

South Korean billionaire fights record $668M divorce payout to ex-wife

SK Group Chairman Chey Tae-won has appealed against a South Korean court ruling ordering him to pay 944 billion won (US$668.52 ‌million) to his former wife Roh Soh-yeong in a record divorce settlement, his lawyers said.

Southeast Asia's biggest economy to close more than 750 state-owned enterprises

Southeast Asia's biggest economy to close more than 750 state-owned enterprises

Indonesia's president mulled the possibility of a special court to investigate "unproductive" boards reporting "made up" profits, as he vowed to close 750 state-owned enterprises by year end.

Trump's ‘Golden Age’ Pitch Meets Affordability Frustration

President Donald Trump is touting a “golden age” for the US economy, but Bloomberg News White House Correspondent Catherine Lucey is on Bloomberg This Weekend and says persistent concerns over gas, food and housing costs are complicating…

Marijuana reform is emerging as a midterm elections issue on both sides of the aisle

Marijuana reform is emerging as a midterm elections issue on both sides of the aisle

With November's midterms fast approaching, cannabis reform is an issue. It's popular with voters, but its power to tilt elections remains uncertain.

In Canada's largest honey-producing region, beekeepers brace for U.S. tariffs

CBC

In Canada's largest honey-producing region, beekeepers brace for U.S. tariffs

Harvest is in full swing at a family-run honey farm in central Alberta but there's a cloud hanging over this year's sweet crop as producers watch the clock tick down on a trade agreement with the United States.

CBC

‘Outlier’ S&P 500 Earnings Strength Cheers Wall Street’s Bulls

Corporate America is blowing past Wall Street’s expectations for a stellar earnings season, adding to the rosy backdrop for a stock market trading near a record high.

AI inflation is putting even more pressure on the Fed. Could higher interest rates be next?

MarketWatch

AI inflation is putting even more pressure on the Fed. Could higher interest rates be next?

One thing the Federal Reserve could always count on to keep inflation low was falling prices for computers, cell phones and other high-tech stuff — but not anymore.

MarketWatch

EU pushes back as US revives trade pressure on bloc

The Local

EU pushes back as US revives trade pressure on bloc

The EU pushed back Friday at renewed trade pressure from the United States, as Washington said the bloc was enabling Chinese evasion of US tariffs and stepped up calls for it to roll back flagship green rules on businesses.

The Local

Berkshire adds $17 billion to Alphabet stake

Berkshire adds $17 billion to Alphabet stake

Google parent Alphabet is now the third largest holding in Berkshire Hathaway's equity portfolio.

Robinson Says Activists Need Leverage to Win

Author of the book 'From Presence to Power' Rashad Robinson is on Bloomberg This Weekend and explains to hosts David Gura and Christina Ruffini that visibility, media attention and public support do not amount to power unless activists…