Bloomberg Businessweek

Bloomberg Businessweek, which was once called BusinessWeek and had earlier names like Business Week and The Business Week, is a U.S.-based business magazine that comes out monthly, twelve times a year. According to a report by The New York Times on December 1, 2023, a memo was circulated among the staff at Bloomberg Businessweek stating that the magazine is set to be relaunched in 2024. This new version will have a fresh design and will feature thicker paper to give it a more premium appearance.

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#449

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UK Mulls New Investor Visa Targeting Key Strategic Industries

5 hours ago | bloomberg.com | Joe Mayes |Alex Wickham

(Bloomberg) -- The UK is drawing up plans for a special visa for foreigners who invest significant sums in Britain, as Prime Minister Keir Starmer’s government seeks to blunt the economic blow from recent tax hikes and wider curbs on work permits.
Here Are the Winners and Losers in the Republican Tax Bill

12 hours ago | bloomberg.com | Emily Birnbaum |Steven Dennis

The US Capitol in Washington, DC. (Bloomberg) -- Wealthy Americans and business investors are among the big winners in House Republicans’ draft tax legislation while targets of President Donald Trump’s ire such as immigrants and elite universities were hammered. The tax plan is likely to undergo significant changes as it winds through the House and then the Senate. But the committees’ drafts released this week have set up initial goalposts. Here’s who’s winning and losing so far in the tax fight.
Steelmaker Nucor Shuts Down Some Output After Cyberattack

14 hours ago | bloomberg.com | Ryan Gallagher

(Bloomberg) -- Nucor Corp., the biggest steel manufacturer in North America, shut down production at some of its facilities after detecting an unauthorized intrusion into its computer systems. The company took potentially affected systems offline and implemented other containment measures, Nucor said in a disclosure filed with the Securities and Exchange Commission on Wednesday.
Sumitomo Mitsui Braces for Tariff Fallout With More Buffers

16 hours ago | bloomberg.com | Taiga Uranaka |Hideki Suzuki

Signage for Sumitomo Mitsui Banking Corp. (Bloomberg) -- Sumitomo Mitsui Financial Group Inc. is shoring its buffers to prepare for Donald Trump’s trade war, even as it forecast another year of record profit. Japan’s second-largest lender expects net income to climb about 10% to ¥1.3 trillion ($8.8 billion) in the year started April, it said on Wednesday.
Celebrity Chef Paik’s Fortune Tumbles on Ingredients Controversy

17 hours ago | bloomberg.com | Shinhye Kang

(Bloomberg) -- A South Korean celebrity chef’s wealth, fueled by a hot stock listing, took a tumble after a series of allegations shook confidence in his flagship restaurant chain. Paik Jong-won’s 60% stake in The Born Korea is now valued at about 245 billion won ($174 million), less than half of its peak shortly after listing. The company on Wednesday said operating profit for the three months through March rose 6.6% to 6.2 billion won from a year ago, while sales grew 2.6% to 110.7 billion won.
Jane Street Trading Investigation Closed by India’s NSE

18 hours ago | bloomberg.com | Chiranjivi Chakraborty |Anto Antony |Alex Simon

The National Stock Exchange in Mumbai. (Bloomberg) -- India’s largest stock exchange has closed an investigation into irregular trades by Jane Street Group, one of the most active foreign players in the country’s derivatives markets, according to people familiar with the matter.
Thai Central Bank Tempers Rate Cut Bets as Trade Shocks Linger

19 hours ago | bloomberg.com | Pathom Sangwongwanich

A tuktuk drives past the Bank of Thailand complex that houses the learning center, museum and offices in Bangkok, Thailand, on Friday, March 29, 2024. Thailand’s Prime Minister Srettha Thavisin urged the central bank again to cut interest rate, citing the “fragile” state of the economy and a string of negative inflation readings in recent months.
CATL Guides IPO Price at Top End in World's Biggest Listing of 2025

20 hours ago | bloomberg.com | Dave Sebastian |Julia Fioretti

Attendees at the Contemporary Amperex Technology Co Ltd. (CATL) Tech Day event in Shanghai, China, on Monday, April 21, 2025. CATL, the world’s biggest producer of batteries for electric vehicles, unveiled the latest versions of its cells, playing up the durability and range of its products as the perceived limits of EVs still stop many consumers from making the switch. Photographer: Qilai Shen/Bloomberg(Bloomberg) -- Contemporary Amperex Technology Co. Ltd.
Iron Ore Bounces Back to Six-Week High on Trade-War Truce Hopes

22 hours ago | bloomberg.com | Katharine Gemmell

Iron ore excavations in Sishen, South Africa. Photographer: Waldo Swiegers/Bloomberg(Bloomberg) -- Iron ore rose as trade tensions eased, spurring optimism across a metals market that has been hit especially hard by global growth worries. Futures of the steel-making ingredient reached a six-week high, climbing nearly 2%, as the temporary truce in the US-China trade war held and US President Donald Trump said he is trying to open up the Asian country to American businesses.
Millennium Hires Ex-UBS Asia-Pacific Equity Derivatives Head

22 hours ago | bloomberg.com | Bei Hu

Buildings in Hong Kong, China, on Tuesday, Jan. 9, 2024. The chill in Hong Kong's housing market is prompting owners of luxury homes to rent out their properties instead of selling. Photographer: Paul Yeung/Bloomberg(Bloomberg) -- Millennium Management hired UBS Group AG’s former equity derivatives head for Asia-Pacific, the latest move by the $73 billion investment giant to tap investment bank executives for expansion.