Federal Reserve Chairman Jerome Powell on Wednesday said interest rates are “just below” the so-called neutral range, triggering speculation that central bankers are more open to pausing a planned series of hikes. Treasury yields and the dollar fell, while stocks rose. —Josh Petri Here are today's top storiesDonald Trump is heading for a trade showdown with China President Xi Jinping. But the U.S. leader is bringing with him something that, a few months ago, would have seemed improbable: allies. The U.K. could face its steepest economic slump since World War II if it crashes out of the European Union without a Brexit deal. But the governor of the Bank of England said he's prepared. The incoming Democratic-led House of Representatives is ready to end Trump's "war on science," but it won't be easy, Bloomberg Businessweek reports. It's still November, but we're prepared to call the winner when it comes to 2018 Black Friday sales. Hint: It's named after a South American river. Intel has dominated chipmaking for more than 30 years, but it's about to be eclipsed by a company few Americans have ever heard of. Treasury Secretary Steve Mnuchin privately asked bond dealers and investors about a Federal Reserve option that could avoid rate hikes. He also claimed someone gained unauthorized access to his Twitter account. What's Joe Weisenthal thinking about? The Bloomberg news director is watching the fallout from GM's announcement that it's closing seven factories and eliminating over 14,000 jobs worldwide. What you'll need to know tomorrowThe $15 billion money pit dragging down GE.Your next Uber driver could be an undercover venture capitalist.How a frenzied expansion put Mattress Firm to sleep.Male birth control is getting closer to reality.Ford is reworking its plants to build more SUVs.Trump is succeeding in making Obamacare plans less popular.BMW introduced the world to an enormous new SUV. Sponsored Content by Bright Cellars Two MIT grads walk into a VC firm (no, not a bar) and the result was a venture-backed wine company that is fueled by - you guessed it - data science. Their algorithm can predict wines you'll like by asking 7 easy non-wine questions (how do you take your coffee?). Take the quiz to see your matches. What you'll want to read tonightThe mosquito species is among the world’s deadliest, spreading diseases such as dengue fever and chikungunya that kill tens of thousands of people every year and infect millions more. Killing those bugs, if cheap enough, could be a lucrative business opportunity. So Alphabet is experimenting, releasing infertile male lab-bred mosquitoes into the wild. When they mate with their counterpart females in the wild, the result is stealth annihilation: the offspring never hatch. Have you started strategizing for 2019? We have. Don’t miss the annual Bloomberg Businessweek special report, The Year Ahead, on the major trends, disruptions, breakthrough products, innovations and movements to watch in the coming year. Get Bloomberg All Access in time to receive this issue in print and much more. Diversity is a business issue. Sign up now for our weekly Business of Equality newsletter to get the latest on how companies and institutions are confronting issues of gender, race and class. Download the Bloomberg app: It's available for iOS and Android. |