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Watch: VW Plans Closing Three German Factories to Cut Costs

VW Seeks Unprecedented Plant Closings as Auto Crisis Deepens
The plans also include pushing through universal pay cuts at the main VW brand.

Related

VW Workers Rally at German Car Plants Over Cost-Cutting Push
Mercedes and Porsche’s Fight With China Is Coming Close to Home
Boeing Launches $19 Billion Share Sale to Thwart Downgrade
Boeing Launches $19 Billion Share Sale to Thwart Downgrade
The funds will help give the planemaker additional short-term access to liquidity.
Boeing Raises Doubts About Its Future in the Space Business

Paul Singer
Elliott Hunts Bigger Prey, Testing Limits in Barrage of Activism
Paul Singer’s 47-year-old firm is the busiest in shareholder activism?—?and just renewed?its street cred
Earlier
Southwest Heard Footsteps Before Elliott Launched Proxy Fight
Bloomberg News Now

Listen to the latest: Virginia Appeals Voter Roll Purge, Eight Days to Election, More

4:49
Kamala Harris Campaigns In Michigan
Sarah Rice/Bloomberg
Harris Plans ‘Freedom’ Rally, Trump Courts Men in Final Push
The campaign enters its final week with candidates locked in a stubbornly close race.
Trump v. Harris? Replay of 2000 Election Clash Is a Supreme Court Long Shot
American Wealth Will Grow Either Way Under Harris or Trump, Survey Shows
Stocks are expected to gain under both candidates. Trump is seen as better for gold and Bitcoin, while?Harris is slightly more positive?for housing costs.

Latest

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Bloomberg Opinion

Donald Trump Holds Campaign Rally At Madison Square Garden In NYC
Bloomberg Opinion
Why Trump’s Presidential Campaign Came to New York
The former president’s Madison Square Garden rally pretended to be about inclusion. It was filled with vitriol.
By Timothy L. O'Brien, Columnist
Putin, Kim and Xi Aren’t Just Bluffing With Their Nukes
By Andreas Kluth, Columnist
Harris’ Fate in North Carolina Rests With Young Voters
By Nia-Malika Henderson, Columnist
Nia-Malika Henderson
A Boeing Space Exit Would Be a Win-Win-Win
By Thomas Black, Columnist
Ex-Goldman Partners Amass $1.6 Billion for Direct-Lending Effort
Source: 5C Investment Partners
Exclusive
Ex-Goldman Partners Amass $1.6 Billion for Direct-Lending Effort
5C Investment plans to provide financing to companies with “durable competitive advantages” in the upper middle market.
A $50 Billion Supply Firm Beats Apple, Google on Career Growth
Sebastián Hidalgo/Bloomberg
A $50 Billion Supply Firm Beats Apple, Google on Career Growth
Industrial-supply company Grainger tops an annual ranking?of US employers that invest the most in their workforces.
Key Speakers At Taipei's Computex
I-Hwa Cheng/Bloomberg
The Big Take
How a Mumbai Drugmaker Is Helping Putin Get Nvidia AI Chips
Trade-tracking data show?that?the Indian firm?is selling top-end Dell servers optimized for artificial intelligence?to Russia.
Nvidia’s Huang Teams With Asia’s Richest Man on Blackwell AI Hub

Bloomberg News Now

Listen to the latest: Virginia Appeals Voter Roll Purge, Eight Days to Election, More

4:49

Latest

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Most Active US Stocks

Bomb Threat Shuts Down Metropolitan Correction Center After Weekend Protests
Brooklyn Jail Housing Diddy, SBF Is Raided by Federal Agencies
Bomb Threat Shuts Down Metropolitan Correction Center After Weekend Protests
ISRAEL-PALESTINIAN-CONFLICT-ANNIVERSARY
Israeli Cabinet Meets in Secret Location After Iranian Threat
ISRAEL-PALESTINIAN-CONFLICT-ANNIVERSARY
A Crocs Store As Earnings Figures Released
School Bans of Crocs Threaten Dominance of Kids’ Favorite Shoes
A Crocs Store As Earnings Figures Released

Bloomberg Businessweek

Homes Decorated for Halloween
Home Depot’s 12-Foot Skeletons Spawned an Industry of Giant Halloween Decor
Skelly has helped set sales records for the home improvement giant every year since its release in 2020. Its invention was a stroke of inspiration.
By Jaewon Kang
October 22, 2024

More from this issue:

BYD Is Winning the Global Race to Make Cheaper?EVsHow Starbucks Became a Sugary Teen EmporiumA Fentanyl Vaccine Is a Long Shot That Just Might Work
Dog Man?Movie Is Here to Swoop In and Rescue the Children’s Book Business
Dog Man Movie Is Here to Swoop In and Rescue the Children’s Book Business
The film joins?Captain Underpants?in the Dav Pilkey cinematic universe.
Private Equity Hipsters Are Coming for Your Favorite Apps
Italian company Bending Spoons is buying up subscription tools like Evernote and WeTransfer and is ready to spend billions more.
When Elon Musk Got Political
How political grievances and snubs fueled the rise, and union,?of two billionaire political figures.

Markets

ETFsCryptoDeals
Ed Yardeni
Yardeni Sees Bond Vigilantes Mustering as US, UK Prep Debt Sales
Germany to Cut Some Solar Farms Off Subsidies Amid Oversupply
Colombia Taps Global Bond Markets for First Time Since April
How Banks and Private Credit Became the Best of Frenemies
Listen?(42:28)
Odd Lots: Private Credit and Banks Become Frenemies
Thames Water’s Creditors Fight?Over?￡3 Billion Deal
Newsletter: The Brink
Thames Water’s Creditors Fight Over ￡3 Billion Deal

Bloomberg Originals

7:49
Why Some Nations Aren’t Picking Sides
Why Some Nations Aren’t Picking Sides
24:01
Beyond Earth: Private Ambitions in Space
Beyond Earth: Private Ambitions in Space
47:32
The Deal: Adena Friedman
The Deal with Alex Rodriguez and Jason Kelly
The Deal: Adena Friedman
24:01
How Korean Pop Culture Is Transforming Design
How Korean Pop Culture Is Transforming Design

Space

12:47
Boeing Orbital Flight Test-2 Prelaunch
Boeing Weighs Options for Troubled Starliner Space Program
US Satellite Jammer?Is Set for Delivery as Flaws Are Fixed
US Satellite Jammer Is Set for Delivery as Flaws Are Fixed
NASA’s Bombshell Shift on Space Station Presence: Business of Space
NASA’s Bombshell Shift on Space Station Presence: Business of Space
US Eases Curbs on Some Space-Related Exports to Boost Industry
US Eases Curbs on Some Space-Related Exports to Boost Industry

Technology

AICybersecurityScreentime
Reddit Goes Public With IPO On New York Stock Exchange
Reddit’s High-Flying Run Faces AI-Training Data Test in Earnings
Startup Armis Eyes 2026 IPO, Closes Funding Round at $4.6 Billion Valuation
DigitalBridge Buys Yondr as AI Fuels Demand for Data Centers
Elon, Inc: What to Make of Elon's $1 Million Giveaway (Podcast)
Listen?(28:28)
Elon, Inc: What to Make of Elon's $1 Million Giveaway
Meta's Making Progress on Normalizing AI Glasses
Newsletter: Tech Daily
Meta's Making Progress on Normalizing AI Glasses

Wealth

Japan Prime Minister Shigeru Ishiba Holds Post-election News Conference
What Japan’s Angry Voters Mean for Your Money
Views Of Yale University As Ivy League Pay Soars
Yale’s $41.4 Billion Fund Reports Second-Lowest Ivy Return
Uruguay Builder Sells $40 Million in Bonds for Wealthy Enclave
Uruguay Builder Sells $40 Million in Bonds for Wealthy Enclave
Greek Drachma Bank Notes
The Most Disruptive Technology in Human History

Politics

US ElectionUKEuropeMiddle EastAsia
NATO Saber Junction 24 Training Exercise
Alex Kraus/Bloomberg
US Army Works With Tech Companies to Speed Up Weapons Development
Virginia Asks US Supreme Court to Allow Purge of Voter Rolls
Zelenskiy Arrives in Iceland to Meet With Nordic Leaders
Harris Closing Out Campaign’s Final Days Focused on Trump
Newsletter: Washington Edition
Harris Closing Out Campaign’s Final Days Focused on Trump
Big Take DC: The US Election Is Close. Very Close. (Podcast)
Listen?(12:00)
Big Take DC: The US Election Is Close. Very Close.

Explainers

Japan Party Leaders' Debate and Lower House Dissolution
What Comes Next for Japan’s Ruling Party After Its Election Setback
Operations at Yangshan Deepwater Port
Why Trump’s Plan to Escalate Tariffs Has So Many Haters
Turkish Kurds Celebrate Newroz Amid Increased Security After Recent Blasts
Why Release of PKK Leader Is Under Discussion in Turkey
Housing Disparity in Metro Manila ahead of GDP figures
Why the Philippines Is Building Its Capital Market

Industries

LegalEnergyHealth
An OXXO store in Mexico City.
Jeoffrey Guillemard/Bloomberg
Femsa Profit Beats on Higher Ticket Prices at Oxxo Stores
UK Chancellor Set to Tighten Grip on Watchdogs and Cut Red Tape
California Becomes Hot Spot for Bird Flu Cases in Cows, Sparking Fears
The Deal: Adena Friedman (Podcast)
Listen?(49:22)
The Deal: Adena Friedman
NASA’s Bombshell Shift on Space Station Presence: Business of Space
Newsletter: Business of Space
NASA’s Bombshell Shift on Space Station Presence: Business of Space

Green

New EnergyGreener LivingESG Investing
Vice President Kamala Harris Visits Lake Mead
Bridget Bennett/Bloomberg
Kamala Harris Pushed by Greens to Step Up Biden’s Climate Fight
JPMorgan Says AI Power Demand Is Straining US Water Supplies
UAE’s Masdar Delays Green Hydrogen Capacity Target Beyond 2030
Zero: Khosla Challenges Musk on Trump, Economy, Climate (Podcast)
Listen?(28:52)
Zero: Khosla Pushes Musk on Trump, Economy, Climate
An Optimist's Guide to the Planet Trailer
Watch?(1:45)
An Optimist's Guide to the Planet Trailer

Pursuits

Manchester United FC v Brentford FC - Premier League
Manchester United Fires Ten Hag After Troubled Start to Season
PURSUITS_WEB_PALM BEACH HOTELS
Palm Beach Is Having a Luxury Hotel Renaissance
World Series - New York Yankees v Los Angeles Dodgers - Game 2
Injured Shohei Ohtani Set to Play for Dodgers in Next World Series Game
World Series - New York Yankees v Los Angeles Dodgers - Game 2
Dodgers Beat Yankees for 2-0 Lead in World Series as Ohtani Injures Arm

Economics

Inflation & PricesIndicatorsCentral Banks
Circulation of Zimbabwe's New ZiG Currency
Cynthia R Matonhodze/Bloomberg
Zimbabwe’s Ruling Party Passes Resolution to Have Gold-Backed ZiG Adopted as Sole Currency
Ratings Bias Costs Africa Billions of Dollars, Standard CEO Says
Mexico Is Still Waiting for the Economic Dividends From Nearshoring
Why the BRICS De-Dollarization Dream Remains a Fantasy
Newsletter: Economics Daily
Why the BRICS De-Dollarization Dream Remains a Fantasy
?Bloomberg Surveillance TV: October 28, 2024
Listen?(20:52)
Bloomberg Surveillance TV: October 28, 2024

CityLab

Aerials Of New York And New Jersey Infrastructure As Stocks Rally With Gold, Dollar Falls On Fed Rate View
Inside NYC’s Playbook for Getting Federal Grant Funds
A Courtyard Apartment Building Designed for Southwest Sprawl
A Courtyard Apartment Building Designed for Southwest Sprawl
USA New York Buffalo: Pan-American Exposition View of the Expo's Hall of Horticulture - 01.05.-02.11.1901 - Vintage property of ullstein bild
The Tartarian Candidate
Argentina's Parched River Adds Strain To Already Shaky Economy
Argentina Drug Trafficking Hotspot Sees Murders Plunge

Work + Life

Work ShiftEqualityBusiness of Sports
Companies such as Toyota and Ford have modified DEI initiatives after being attacked.
Al Drago/Bloomberg
Companies Are Dropping the D or E From DEI to Avoid Criticism
Harris Promises a Wealth Boost for Black Voters Courted by Trump
This Winter, It’s Time for an Extreme Adventure
Women's Soccer Wants to Be More Like the NFL
Watch?(24:01)
Women's Soccer Wants to Be More Like the NFL
Why Infant Deaths and Abortions Are Both Rising After Roe’s Reversal
Newsletter: Equality
Why Infant Deaths and Abortions Are Both Rising After Roe’s Reversal

Markets Magazine

Markets Magazine_Tariffs_05
Matt Eich for Bloomberg Markets
The Big Take
What Really Happens on the Ground When the US Slaps Tariffs on China
Pittsview, Alabama, and?Emporia, Virginia, both make trailers essential for commerce.?They show the surprising consequences of trying to protect American jobs.
By Shawn Donnan and Bill Allison
Markets_Cover_05_2024

More from this issue:

Mexico’s History-Making Leader Charts Her Own Course—DelicatelyLazard, King of Emerging-Market Debt, Faces a New World OrderIn a Remote Village in Tajikistan, Shipping Containers Become?Big Box Stores
Markets Magazine_AIRBNB_15
Empty Rentals Burn Vacation-Home Owners Near Florida’s Disney World
To stand out in a cooling market, landlords are spending $150,000 in Mickey Mouse and Harry Potter decor.
The Big Take
Harvard’s Not-So-Smart Money: Two Decades of Poor Returns and Rich Pay
Its money managers underperformed after changing personnel and strategies at the worst times.
How Economic and Strategic Alliances Are Changing in a Multipolar World
A guide to the new fault lines of geopolitics—from BRICS versus the G-7 to Lula and Milei’s?ideological rivalry in Latin America.
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