Here are today's top stories
Not content with pressuring allies to raise their defense spending to 2 percent of economic output, U.S. President Donald Trump proposed doubling the target.
Fueled by cheap money, investors have gone on a decade-long, $11 trillion corporate borrowing frenzy. But the era of easy money is coming to an end, and it may spell disaster for some.
Paul Manafort has been treated like a “VIP" in jail, with a private bathroom and shower, a personal laptop and phone, Special Counsel Robert Mueller told a judge.
The rise and fall of a single banker encapsulates the new realities in an industry that's long celebrated big egos and chest-thumping bravado. Now, one incident can end a career.
What's Joe Weisenthal thinking about? The Bloomberg news director is watching as industrial metals get bludgeoned by trade anxiety.
What you'll need to know tomorrow
- Fiat workers called for a strike after their owner spent $130 million on Ronaldo.
- Twitter's crackdown on fake accounts will make you look less popular.
- Papa John's John Schnatter is facing another controversy after allegedly using a racial slur.
- Ben & Jerry's ice cream may come with a swirl of pesticides.
- The Ford Fusion is dead. Long live the Ford Fusion.
- There's a nap store coming to Manhattan.
- Pat LaFrieda already sells you expensive meat. Now he'd like to sell you an expensive grill.
What you'll want to read tonight
It sounds like something James Bond's armorer Q would dream up: A plane that lands on a runway, shrugs its wings off, turns into a train and rolls on to rails to drop you off at your local station. That’s what a French entrepreneur, who’s made millions by connecting engineers with industrial groups, is pitching to Boeing and others.
©2018 Bloomberg L.P.