Ten years ago this week, the demise of Lehman Brothers triggered the worst financial crisis since the Great Depression. Two months later, a new president got the job of fixing it. While Barack Obama's policies arguably helped drag the world back from the brink, setting the stage for an unprecedented (and uneven) economic boom, there are signs a new crisis may be on the horizon. When the next recession comes, how prepared will we be? —David E. Rovella Here are today's top storiesThere you go again, a president once said. The current one claimed GDP growth outpaced unemployment for the first time in more than 100 years. We checked, and it turns out the assertion isn't true, a fact one of Donald Trump's aides later conceded. There was an extra zero, he said.
The market forecast according to Goldman Sachs is cloudy with a chance of bears. The bank's index, based on equity valuations, growth momentum, unemployment, inflation and the yield curve, hasn't looked this bad in 50 years. There are seven emerging economies at risk of an exchange-rate crisis, according to a new analysis by Nomura Holdings. Here they are. School has started, and for some parents the question of what junior should do with the rest of their life is top-of-mind again. Is there an industry that pays well, doesn't require multiple degrees, avoids crushing debt and has lots of openings? As a matter of fact, there is.
It's getting ugly for crypto. The funny money's bear market hit a fresh 10-month low as bitcoin’s biggest rival tumbled and regulators suspended trading in two securities linked to digital assets.
As U.S. election officials struggle to harden defenses against potential attack and social media giants accelerate their war on bots, there's a new enemy coming that will make separating fact from fiction much more difficult: deep fake videos. What's Joe Weisenthal thinking about? The Bloomberg news director is concerned about the different ways companies fudge their numbers to fool investors. Here are some red flags. What you'll need to know tomorrowAs Jack Ma leaves, take a look at Alibaba's long road to becoming Asia's most valuable firm.The rupee is one of Asia's worst performing currencies this year.Look to the east for solar, Bloomberg Businessweek says.Turkey warns of a "lake of blood" as Syria's Assad and Russia prepare a final onslaught. Elon Musk elevates a Tesla fixer while trying to put his drama behind him.Hurricane Florence was upgraded to a Category 4 storm as it heads for the Carolinas.Here's all the cool stuff Apple is going to roll out this month. Sponsored Content by HelloSign Simplify Work With HelloSign. From enterprise eSignatures, to the industry's best eSign API, or automating your most important documents – HelloSign has your business covered. Less paperwork, more of what you love with HelloSign. Try it free today! What you'll want to read tonightIn Las Vegas, the Cosmopolitan's Boulevard Penthouses are the most coveted rooms in town. The only way in is by invitation, which means fronting more than $1 million at the Reserve, the hotel’s private, three-room casino on the 75th floor. It’s an so exclusive that not even James Bond could charm his way in. But we did. Think what happens in Vegas stays in Vegas? Not this time… Did you know? You can benefit from more than just unlimited content on Bloomberg.com when you become and All Access subscriber. Attend Bloomberg Live events, get two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close, and so much more. See my options. What’s shaping the global economy. Bloomberg Businessweekis now more global, with American, European, and Asian editions, and revamped sections to help you easily find the stories you’re looking for on business, finance, technology, economics, and politics. By signing up, you'll get insights and analysis on the people, events, and trends shaping the world’s complex economy—plus access to the Bloomberg Businessweek app. Download the Bloomberg app: It's available for iOS and Android. | 