Everybody's Business

This week Max and Stacey look at two legal battles reshaping the worlds of tech and public health.

OpenAI, which started off as a nonprofit, is now worth roughly $850 billion as it eyes an IPO and battles Elon Musk. Bloomberg’s Mark Gurman breaks down the company’s latest pivot into hardware, and whether this is what consumers actually want or if it's merely a convenient distraction.

On the other coast, the Make America...

Summer plans often come with a price tag, and right now, that price tag is getting bigger. This week on Everybody’s Business, Max and Stacey dig into the economics of all kinds of tickets.

First, the Strait of Hormuz has been opening and closing since the US attack on Iran in February, and the ripple effects are  hitting the aviation industry especially hard. Economist Michelle Brouhard, head of policy and geopoli...

A Molotov cocktail hurled at Sam Altman’s home. Bullets fired at a city councilman who approved the building of a data center. The cultural mood around artificial intelligence has shifted, and this week on Everybody’s Business, we’re trying to make sense of it. Bloomberg tech reporter Sarah Frier joins Max and Stacey to break down what’s driving the new wave of AI backlash, from consumer frustration to outri...

In just over a decade, Tether has grown from an idea into a global crypto juggernaut, poised to become one of the world’s most highly valued private companies. But where did its dollar-linked stablecoin come from and where is it headed?

Everybody's Business Host Stacey Vanek Smith guest hosted our daily show, The Big Take podcast, and with Bloomberg's Todd Gillespie unpacked one of the most powerful companies you&rsquo...

Six weeks of conflict, a ceasefire on the horizon and a global economy that is forever changed. Stacey and Max make sense of it all and explain what the war in Iran means for oil prices, global trade and America’s place in the world order. Then, with Tax Day approaching, Bloomberg’s Ben Steverman breaks down what’s different this filing season, and tell us if the complications will benefit your bottom line. Plus, ...

It’s been one year since Liberation Day and the start of the chaos it’s wrought on the American economy. Max and Stacey take stock of what a year of sweeping trade policy means for your wallets with Bloomberg trade reporter Laura Curtis. And speaking of wallets, while Elon Musk is on his way to becoming the world’s first trillionaire, his companies may find their way into your 401(k). Bloomberg tech reporter Dana ...

Spring break is here, and so is the chaos. With TSA agents going unpaid amid the partial government shutdown, staffing is short at airports across the country. This week, Stacey and Max trace the invisible threads connecting 2-hour security lines to systems crumbling beneath our feet.

Bloomberg reporter Deena Shanker joins to dig into the Epstein files, and explain who faces consequences when things comes crashing down. Then Martha...

It's a rapturous time to be in prediction markets, but is the promise of Kalshi and Polymarket to "financialize everything" a net good for society, or is it gambling in sheep's clothing? We actually have centuries of history that points towards a potential answer. From this year's On Air Fest in New York City, Everybody's Business and Pushkin Industries' Business History come together to explain the lengths people will go for a lif...

While salaries are an anchor in many Americans' lives, billionaires instead rely on investment income and tax avoidance to line their pockets. Professor and author Ray Madoff takes us behind the curtain of the mega-rich and their asset-saving tricks, just as states like California and cities like New York debate how to address their crushing budget shortfalls. Plus, what Generation Alpha thinks about your skinny jeans, and Steven C...

According to the latest jobs numbers, the economy is on fire, but who is benefitting and who is still struggling? Economist and author Anna Gifty Opoku-Agyeman joins Max and Stacey to talk about the hidden costs of Black womanhood. And then, business journalist Lauren Sherman follows the thread on why designers and consumers are feeling worn out during New York Fashion Week. Plus, a moonshot ambition and a medieval trend returns.

Se...

Elon Musk has long had his eye on Mars, but any real plan appears to be lost in the cosmos. His more immediate ambitions are decidedly more grounded, with the corporate marriage of SpaceX and xAI. Max and Stacey explore what this future conglomerate will mean for the economy with Bloomberg News reporter Dana Hull. 

Back on Earth, the biggest sports games in America is pairing up with one of the biggest pop stars of the planet....

In the midst of sub-freezing temperatures in Minneapolis, conflict is heating up between residents and US Immigration and Customs Enforcement. Meanwhile, a similar battle is brewing between Senate Democrats and Republicans as a pending funding package determines the future of ICE's funding. Reporter Fola Akinnibi joins Max and Stacey to figure out just how much ICE costs to function.

Plus, reporter Sarah Frier tells us about...

President Trump caused some serious whiplash this week. First he called for the US to buy Greenland, and said he would impose tariffs on the European countries standing in his way. But days later, at the World Economic Forum in Davos, he seemed to reverse course. Harvard economist Kenneth Rogoff and Stacey join Max from the Swiss Alps to make sense of a potential acquisition of the arctic territory.

Plus, hold onto your parkas, bec...

This week Federal Reserve Chair Jerome Powell had a message for the nation, and President Donald Trump: intimidation has no place at the Central Bank. Stacey sits down with former Fed Chair and Treasury Secretary Janet Yellen to talk about why this is such a dangerous moment in history and why Powell's two-minute video was so important.

Then Bloomberg reporter Ashley Carman joins Max and Stacey in the studio to discuss what Spotify...

Back in the 1970s, Venezuelans became famous for their glamorous one-day shopping trips to Miami. "Ta barato, dame dos," the saying went. "That's cheap. I'll take two." Nowadays, the bolivar has lost practically all its value. Max and Stacey are joined by David Papadopoulos to understand what exactly went wrong with the Venezuelan economy. How did the country go from being stable and wealthy to experiencing runaway inflation and ra...