Australiapackages

Generative AI has turned coding from a specialized skill into something anyone can do with a simple prompt. A warehouse owner is revolutionizing his shipping software with AI and a creative designer vibe coded her first app with zero technical experience. Computer programmers are doing it too, but a director at Google Cloud AI says vibe coding does not mean the end of serious engineering. As professionals and hobbyists alike are writing code with AI, hiring for junior developers is falling fast and researchers warn companies are making a dangerous short-term bet.

Tourism is down, lower-income visitors are tightening their wallets, and online gambling means the casino now fits in your pocket. But Las Vegas isn't panicking. It's doubling down on what you can't get on a screen. The Tao Group is building a 46,000-square-foot dayclub on the Strip, its flagship nightclub is posting record revenue year after year, and the city's fast permitting process lets it rebuild itself faster than anywhere else in America.

As data centers push US electricity demand toward a projected 20% increase over the next decade, one overlooked power source is getting a second look: geothermal. New techniques borrowed from oil and gas fracking are unlocking heat from deep underground in places far beyond traditional hot springs. Private capital has poured more than $1.5 billion into next-gen geothermal since 2021, and companies like Ormat and Sage Geosystems are partnering to bring commercial projects online by 2027.

The Federal Reserve held its latest policy meeting this week with inflation still elevated, the war in Iran still rattling energy markets, and a new Chair waiting to be confirmed by the Senate. Former economic adviser to President Bush and Columbia Business School dean Glenn Hubbard breaks down what the Fed's decision signals about the economy and what Kevin Warsh's incoming leadership could mean for the institution's purpose, strategy, and independence.

In just a few years China has become the world's largest car exporter, and electric vehicle-maker BYD is leading the way; it's now the top-selling EV producer globally, overtaking Tesla and expanding into Europe and beyond. Bloomberg's Tom Mackenzie reports from Paris, where BYD unveiled its latest luxury EV: the Denza Z9GT. He speaks with BYD Group Executive Vice President Stella Li and Alfredo Altavilla, BYD's Special Adviser for Europe, about the company's rapid rise, its technological edge, and the growing pressure on legacy automakers.

Forget tech startups and stock picks. A Princeton economist's research reveals that many of America's millionaires built their fortunes through private businesses in industries most people overlook. Billionaire Rich Kinder did it with pipelines. Ray and Dana Chery are hoping to become the next generation of billionaires by betting on portable sinks. Their stories challenge conventional wisdom on how wealth is actually built.

Legacy foreign automakers once held the keys to China's car market, but the 2026 Beijing Auto Show reveals a dramatic power shift. From onboard cinemas to built-in toilets, domestic EV makers are winning over consumers with rapid-fire tech innovation and aggressive pricing. From the show floor in Beijing, Bloomberg's Stephen Engle finds that as Western brands scramble to partner with local rivals to survive, China is now firmly in the driver's seat.

Anthropic says its newest AI system can detect serious cybersecurity risks, but the new technology is so powerful that the company is holding back public release. The nearly autonomous system can detect banking software vulnerabilities and spawn sub-agents that operate without human oversight at unprecedented speed. Treasury Secretary Scott Bessent and Fed Chair Jay Powell took the unusual step of calling in major bank leaders to discuss the risks raised by the new model. Experts weigh in on whether regulation and open-source tools can keep the financial system safe.

As wars, trade spats, and AI reshape the global economy, the IMF has held its role as the world's lender-of-last-resort steady. Much of its governance, including countries' shares of voting rights, have remained the same over decades, often requiring lending countries to return to the same austerity playbook. Gita Gopinath, former first managing director of the IMF says that the stability is by design in times of greater geopolitical uncertainty while Boston University's Kevin Gallagher says that some parts of the IMF are due for an upgrade.

Kevin Warsh repeatedly pledged to act independently if he's confirmed as the next Federal Reserve chair, rejecting Democratic concerns he would be a "sock puppet" for President Donald Trump, who continues to demand lower interest rates.