Your Evening Briefing
Foxconn promised to build a $10 billion display factory in Wisconsin, creating 13,000 jobs in exchange for the most lucrative package of deal-sweeteners in state history. Even President Donald Trump was there for the groundbreaking. But now things have changed, and the company is rethinking its plans.
Here are today's top stories
The Fed said it will be “patient” regarding any future interest-rate moves, signaling flexibility on the path toward reducing its balance sheet.
Britain’s vote to leave the EU has already come at a cost. Some of the damage is tangible; some of it less so. Here's the tally.
General Electric has unraveled. Bloomberg News has created a visual guide to the great American icon's historic rise and tortured fall.
Boeing cracked the $100 billion sales mark for the first time in its 102-year history.
Trump promised his tariffs would help create more steel industry jobs. So far, they haven't. Here's why.
What's Joe Weisenthal thinking about? The Bloomberg news director is digesting a viral clip from Davos in which a historian says it's time for the world's elites to stop talking philanthropy and start talking taxes. It's no longer just Representative Alexandria Ocasio-Cortez making headlines with her call for a 70 percent top marginal tax rate.
What you'll need to know tomorrow
- Apple convinced investors that life after the iPhone won't be so bad.
- The U.S. Navy's costliest carrier is having trouble launching planes.
- Argentina's crisis is great for steak but bad for ranchers.
- Venezuela has 20 tons of gold ready to ship. Address: Unknown.
- Roger Stone may be tied to WikiLeaks through a civil rights lawyer.
- Hedge funds are behaving like we just had a financial crisis.
- A tech firm far from Silicon Valley is churning out billionaires.
What you'll want to read in Businessweek
Marie Kondo, Japan’s reigning queen of tidiness, is riding a huge media wave thanks to the success of her Netflix show and two best-selling books. Her decluttering method, in which personal possessions are retained depending on whether they “spark joy,” is catching on with Americans oppressed by way too much stuff.
©2019 Bloomberg L.P.