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WASHINGTON, DC – MAY 30: Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Musk, who served as an adviser to Trump and led the Department of Government Efficiency, announced he would leave his role in the Trump administration to refocus on his businesses. (Photo by Kevin Dietsch/Getty Images)

Musk’s xAI selling $5 billion in debt through Morgan Stanley

By Jeannine Amodeo, Kurt Wagner, and others

Customer agents sit behind computers on the AI training floor at the [24]7.ai, Inc., in Taguig City, Metro Manila, Philippines, on Wednesday, April 24, 2024. All of the major players in the Philippines’ vast outsourcing industry, which is forecast to cross $38 billion in revenue this year, are rushing to rollout AI tools to stay competitive and defend their business models. Photographer: Lisa Marie David/Bloomberg via Getty Images

McKinsey leans on AI to make PowerPoints faster, draft proposals

By Omar El Chmouri and Bloomberg

US President Donald Trump walks to speak to journalists before boarding Air Force One from Morristown Municipal Airport in Morristown, New Jersey, May 25, 2025, after spending the weekend in New Jersey. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

Trump wants to sell 1 million barrel reserve of diesel fuel

By Ari Natter, Nathan Risser, and others

A brown anole at the Big Cypress National Preserve. (Photo by: Jeffrey Greenberg/Universal Images Group via Getty Images)

Trump plans to offload national park sites, but states don’t want them

By Bobby Magill and Bloomberg

Visitors tour the booth of BYD during the 2025 Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show in Shenzhen, south China’s Guangdong Province, May 31, 2025. (Photo by Liang Xu/Xinhua via Getty Images)

BYD shares sink as carmaker faces backlash over EV price war

By Linda Lew and Bloomberg

Luis Gallego, chief executive officer of International Airlines Group (IAG), speaks during a Bloomberg Television interview on the sidelines of the International Air Transport Association (IATA) annual general meeting in Istanbul, Turkey, on Monday, June 5, 2023. Global airlines stand to earn a collective $9.8 billion in profit this year, the airline industry’s main lobby group said, doubling its previous estimate from December as a surge in flying in North America and Europe drives up ticket prices. Photographer: Moe Zoyari/Bloomberg via Getty Images

British Airways owner sees transatlantic slowdown recovering

By Kate Duffy, Guy Johnson, and others

Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. Huang said that US export controls on artificial intelligence chips to China had failed, with companies using locally developed technology. (Photo by I-Hwa Cheng / AFP) (Photo by I-HWA CHENG/AFP via Getty Images)

Big Tech is back in S&P 500 driver’s seat as profit engines hum

By Jeran Wittenstein, Ryan Vlastelica, and others

Scott Bessent, US treasury secretary, during a news conference with US President Donald Trump and Elon Musk, chief executive officer of Tesla Inc., not pictured, in the Oval Office of the White House in Washington, DC, US, on Friday, May 30, 2025. The event gives an opportunity for the president and his largest campaign benefactor to dispel any notion of an acrimonious divorce. Photographer: Francis Chung/Politico/Bloomberg via Getty Images

Bessent says U.S. will never default as Congress faces deadline

By Tony Czuczka and Bloomberg

Elon Musk speaks during a news conference with US President Donald Trump in the Oval Office of the White House in Washington, DC, on May 30, 2025. Musk, who stormed into US politics as President Trump’s chainsaw-brandishing sidekick, announced on May 28 that he is leaving his role in US government, intended to reduce federal spending, shortly after his first major break with the President over Trump’s signature spending bill. (Photo by Allison ROBBERT / AFP) (Photo by ALLISON ROBBERT/AFP via Getty Images)

Elon Musk’s court fights to outlast his time at White House

By Zoe Tillman and Bloomberg

An oil tanker unloads imported crude oil at the crude oil terminal of Qingdao Port in Qingdao City, Shandong Province, China, on May 21, 2025. (Photo by Costfoto/NurPhoto via Getty Images)

OPEC+ agrees on third oil supply surge despite Russia’s qualms

By Fiona MacDonald, Salma El Wardany, and others

WASHINGTON, DC – MAY 21: Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Relations between the two countries have been strained since Trump signed an executive order in February that claimed white South Africans are the victims of government land confiscation and race-based “genocide,” while admitting some of those Afrikaners as refugees to the United States. Trump also halted all foreign aid to South Africa and expelled the country’s Ambassador to the U.S., Ebrahim Rasool. (Photo by Chip Somodevilla/Getty Images)

Musk’s drug use on campaign trail stoked concerns, NYT says

By Richard Clough and Bloomberg

Andrew Bailey, governor of the Bank of England (BOE), speaks at the Irish Association of Investment Managers annual dinner in Dublin, Ireland, on Thursday, May 29, 2025. Bailey has urged the government to strike a deeper trade deal with the European Union to improve growth and “minimize negative effects” of Brexit. Photographer: Patrick Bolger/Bloomberg via Getty Images

BOE’s Bailey urges closer EU trade to reverse Brexit damage

By Philip Aldrick, Tom Rees, and others

NetEase shares near record high as China’s Gen Z embraces games

By Henry Ren, Sangmi Cha, and others

Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Friday, May 23, 2025. Bessent said that US regulators this summer may ease a rule that’s served as a constraint on banks’ trading in the $29 trillion Treasuries market. Photographer: Michael Nagle/Bloomberg via Getty Images

Bessent says U.S.-China talks ‘stalled,’ pushes for Trump-Xi call

By Daniel Flatley and Bloomberg

Elon Musk, co-founder and chief executive officer of Tesla Inc., left, speaks as Steve Davis, the operations head of Boring Co., listens during a Boring event in Los Angeles, California, U.S., on Thursday, May 17, 2018. Closely held SpaceX is going to build its next rocket, known as BFR, at the Port of Los Angeles, an area Musk envisions people getting to using a Boring loop — if the city approves the idea. Photographer: Patrick T. Fallon/Bloomberg via Getty Images

Musk’s No. 2 also departing DOGE as officials hit time limit

By Gregory Korte and Bloomberg