Business News

Fiat Chrysler Recalls 4.8 Million Vehicles Over…

Certain vehicles could get stuck in cruise control.

APNewsBreak: Tesla in Autopilot mode sped up…

A new police report says a Tesla that crashed in Utah while in Autopilot mode accelerated just before it smashed into a stopped fire truck.

Lagarde Calls Tariffs Threat `Darkest Cloud'

May.25 -- International Monetary Fund Managing Director Christine Lagarde discusses risks facing the global economy and the IMF's analysis of Russia. She speaks during a plenary session at the St. Petersburg International Economic Forum, moderated by Bloomberg Editor-in-Chief John Micklethwait.

Turks feel pinch from currency slide ahead of polls

Many in Turkey are feeling the pinch as the Turkish lira lost more than 20 percent of its value against the dollar since the start of the year.

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Netflix Surpasses Disney As Most Valuable Media…

Netflix's market cap surpassed Disney's for the first time, making the streaming service more valuable than the entertainment giant.

For CEOs, $11.7 million a year is just middle of the pack

The typical chief executive at the biggest U.S. companies got an 8.5 percent raise last year and made $11.7 million in salary, stock and other compensation

China's Vice President Urges Nations to Fight…

May.25 -- Chinese Vice President Wang Qishan urges nations to unite against protectionism, saying that politicizing trade issues damages trust. He made the comments during a plenary session at the St. Petersburg International Economic Forum, moderated by Bloomberg Editor-in-Chief John Micklethwait.

Emails show EPA working closely with…

Newly released emails show senior political appointees at the Environmental Protection Agency working closely with a think-tank that dismisses warnings of climate change

The Latest: Weinstein takes books on theater…

Harvey Weinstein was carrying books about Broadway legends Rodgers and Hammerstein and film director Elia Kazan when he surrendered to police in New York

Abe Says N. Korea Denuclearization Must Be…

May.25 -- Japanese Prime Minister Shinzo Abe says that nations must work together to ensure North Korea denuclearizes "in a verifiable and irreversible manner." He made the comments during a plenary session at the St. Petersburg International Economic Forum, moderated by Bloomberg Editor-in-Chief John Micklethwait.

Trump takes steps to ease firing of federal…

President Donald Trump is taking steps to make it easier to fire federal workers for misconduct

Canadian investor backs away from Alaska mine…

A Canadian company, courted as a potential partner in a copper-and-gold mine near a major salmon fishery in Alaska, has backed away from the project

Macron Says Russia, EU Must Revisit Shared…

May.25 -- French President Emmanuel Macron says Europe and Russia must work together to improve peace and security. He made the comments during a plenary session at the St. Petersburg International Economic Forum, moderated by Bloomberg Editor-in-Chief John Micklethwait.

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Source: Trump administration has cut deal with…

Source: US has cut deal with China's ZTE, drawing fire but clearing way for more trade talks with Beijing

Court: Montana minimizes impact of mining near…

A gold exploration proposal near Yellowstone National Park has faced a significant setback as a judge blamed Montana officials for understating the potential for mining to harm land, water and wildlife

Putin Sees Risk of Unprecedented Global Systemic…

May.25 -- Russian President Vladimir Putin says the global economic order is being undermined and that breaking the rules is becoming the rule of the game. He made the comments during a plenary session at the St. Petersburg International Economic Forum, moderated by Bloomberg Editor-in-Chief John Micklethwait.

Bill to create health care price controls in California dies

A proposal to create health care price controls in California has died

Business Highlights

Business Highlights

Kaplan Says Fed Should Gradually Move to Neutral…

May.25 -- Federal Reserve Bank of Dallas President Robert Kaplan discusses his outlook for the Fed's rate path, risks to the U.S. economy, and a return to the neutral rate. He speaks with Bloomberg's Michael McKee from the Dallas Fed's tech conference on "Bloomberg Daybreak: Americas."

Venezuela's ex-oil czar sees economic collapse…

Venezuela's former oil czar said crude production in the OPEC nation will continue to plummet in the aftermath of President Nicolas Maduro's re-election

Maritime organization approves Bering Strait…

The International Maritime Organization has signed off on the first two-way shipping routes into the Arctic Ocean

BIS's Carstens Sees Downside Risks to Global…

May.25 -- Bank for International Settlements General Manager Agustin Carstens speaks about the global economy, Turkey and Argentina in an interview with Bloomberg's Stephanie Flanders in Stockholm. They speak on "Bloomberg Surveillance."

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Stocks dip as oil prices and energy companies…

A sharp drop in crude oil prices sends energy companies skidding to their worst losses in months, weighing down the broader stock market

BlackRock Says Italian-Germany Yield Spread…

May.25 -- Isabelle Mateos y Lago, chief multi-asset strategist at BlackRock Investment Institute, discusses Italian political uncertainty and its impact on Italian bonds. She speaks on "Bloomberg Surveillance."