USD/JPY is likely to extend lower this week as the US and Japan gang up to hammer home the message that the yen's declines had gone far too far. Bloomberg's MLIV Strategist Mark Cranfield breaks down the mechanisms at play as Japan reports first joint intervention with US in currency markets in 15 years.
The yen advanced sharply on Monday amid high alert in markets for more intervention after Japan and the US confirmed that they had conducted coordinated operations last week. Oxford Economics Head of Asia Economics Louise Loo shares what we know about the developments.
West Texas Intermediate prices dropped after the United States paused military action against Iran.
Bloomberg's Chris Rovzar says workplace dress codes are evolving as warmer weather, changing office culture and designer collections prompt more employees to consider wearing shorts to work. He says a Bloomberg survey finds opinion remains divided, with supporters arguing shorts can be professional in the right setting while critics maintain traditional business attire still sets the standard.
Bloomberg CityLab's Kriston Capps says a proposed $20 billion overhaul of Washington Dulles International Airport would replace aging concourses, eliminate the airport's signature mobile lounges and create a more modern hub centered on United Airlines' long-term growth strategy. He says the project would largely be funded through passenger fees, while raising broader questions about cost, design and President Donald Trump's vision for reshaping infrastructure in the nation's capital.
Rep. Jonathan Jackson says the Trump administration's policies toward Haiti, Venezuela and Cuba risk worsening instability across the Caribbean, arguing that ending Temporary Protected Status for Haitians and maintaining broad sanctions will deepen humanitarian and migration challenges. He also calls for greater transparency in US policy toward Venezuela and warns that continued pressure on Cuba could further destabilize the region.
Bloomberg Retail Reporter Lily Meier says running has evolved from a fitness activity into a lifestyle and status symbol, with run clubs fueling demand for premium apparel, accessories and social experiences. She says brands are benefiting as consumers increasingly spend on high-end performance gear that blends athletic function with fashion, even as running remains accessible to those who prefer simpler equipment.
Should AI be regulated, or should society adapt to it instead? Economist Jason Furman argues that not every AI problem should be solved the same way. From bioweapons to job losses, he explains where the government should step in, where markets should adjust, and why the biggest AI debate may ultimately be a moral one.
Bloomberg Opinion Columnist Ron Brownstein and Detroit Free Press Editorial Page Editor Nancy Kaffer say Michigan's Democratic Senate primary has become a defining test of the party's ideological direction, pitting establishment-backed Rep. Haley Stevens against progressive candidate Abdul El-Sayed in one of the country's most consequential races. They say the outcome will shape Democratic strategy heading into November, with the eventual nominee facing Republican Mike Rogers in a contest that could determine control of the Senate.
Bloomberg's Josie Cox says artificial intelligence is creating new social divisions as disagreements over its use increasingly shape workplaces, relationships and personal identity, with skepticism driven by concerns over authenticity, ethics and creativity. She says employers are increasingly encouraging or requiring AI use, while growing public distrust suggests the technology's social consequences may extend well beyond its economic impact.
Governors from Oklahoma, Maryland and Delaware say states remain the nation's laboratories of democracy, sharing policy ideas on housing, education, child care and energy while arguing that affordability is the top concern for voters across party lines. They say states cannot control inflation or global energy prices but can lower costs through housing supply, consumer protections, child care investments and policies that encourage economic growth while managing the impact of AI and data centers.
Think tanks bring together experts and shape debates in Washington, but how do you measure the value of an idea? From the Aspen Institute to the Heritage Foundation, this episode explores the business of ideas, the billions of dollars behind America's leading think tanks, and how they measure success.
