Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens.
Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
Led by the larger-than-life Dana White, mixed-martial arts promoter UFC has grown explosively. Now the crown jewel in Ari Emanuel’s Endeavor empire, its ambition is to be the world’s most popular sport
Russia Orders New Sakhalin-2 Operator to Be Set Up in Far East
Bed Bath & Beyond Weighs Private Loans as Retailer Burns Though Cash
Airbnb Falls as Summer Bookings Boom Undercut by High Expectations
Blizzard, NetEase Scrap Warcraft Mobile Game After Financing Dispute
PayPal’s Job Cuts Cost the Company $71 Million in Second Quarter
Peru Prime Minister Quits, Triggering Cabinet Reshuffle
Iran and US to Resume Talks in Latest Bid to Save Nuclear Deal
Worried You’re Going to Lose Your Job? Here’s What To Do
This Tiny Firm Just Surpassed Goldman Sachs With a 22,000% Gain
In ‘Thirteen Lives,’ Ron Howard Directs the Thai Cave Rescue
65,000 Tickets Sold in 24 Hours for England-US Women’s Game
This Arthritis Drug Deserves Its Aggressive Patent Protection
Bitcoin’s Laser-Eyed King Is Blind to $1 Billion Loss
Biden’s Border Fiasco Is Expanding
Masters’s Arizona Win Gets Thiel His Second GOP Senate Candidate
Podcast Guests Are Paying Up to $50,000 to Appear on Popular Shows
We’re Hiring, Especially If You’re in High School and Want an Apprenticeship
Surprise Win for Abortion Rights in Kansas Hints at Tough Midterms for Republicans
Kansas Kicks Off String of Abortion Ballot Measures Post-Roe
Supreme Court to Hear Harvard Affirmative-Action Case This Fall
Manchin Deal Tosses $30 Billion Lifeline to US Nuclear Reactors
Climate Bill Would Raise Taxes on Big Utilities, Exelon CEO Says
Ride-Hailing Drivers Struggle With Crime and Gas Costs
Bedrock, USA: Getting a Recall on the Ballot
Indonesia Breaks Ground on Its New Capital City
Canadian Crypto Firm CoinSmart Is on the Hunt for Cheap Assets
Luxury Brands Gucci, Tiffany Dive Into NFTs Despite Slump
Coinbase Conundrums: Regulation, Insider Trading and the SEC
Marcy Nicholson
Lumber futures posted their biggest-ever weekly loss, extending a tumble from all-time highs reached last month as sawmills ramp up output and buyers hold off on purchases.
Prices in Chicago fell 18% this week, the biggest decline for most-active futures in records going back to 1986. Lumber has has now dropped almost 40% from the record high reached on May 10.