Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek".

If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries.

Shoppers Are Facing Shortages of Beer to Popcorn This Summer

China’s Stock Rally Is Becoming a Lifeline for Asian Portfolios

Aerojet CEO’s Board Candidates Backed by ISS in Proxy Fight

Rogers, Shaw to Sell Mobile Unit to Quebecor for $2.2 Billion

Duterte’s Daughter Takes Oath Earlier in Show of Independence

UN Experts Warn of Islamic State Tie to Islamist Rebels in Congo

America’s Top 1% Lose $1.5 Trillion on Stocks Before Bear Market

Gold Billionaire to Moonlight as DJ at Sold-Out Cairo Club

Ledecky Reclaims 400 Title At Swimming Worlds, Eyeing More

Naomi Osaka Won't Play at Wimbledon, Citing Achilles Tendon

Why Is the Cost of Rent Going Up? Ask the Fed

Extra Fees Are Adding Insult to Consumers’ Injury

Why Is It So Hard to Find a Decent Public Bathroom?

Adults Who Love Toys? The Toy Industry Loves Them, Too

ESPN’s NHL Deal Shows Broadcasters a New Way to Profit From Sports Rights

America’s Convention Center Kings Want You Wearing Lanyards Again

‘Banking While Black’ Is the Next Target for Civil Rights Lawyer

NYC Mayor Adams Allocates $6.7 Million Toward LGBTQ Social Services

A Quarter of All Abortion Clinics Would Close in US If Roe Is Overturned

ESG Funds Resist Worst of Downturn But Investors Are Spooked

Yellowstone Flooding Rebuild Could Take Years, Cost Billions

The Museum Seeking to Unlock a War-Hit Nation’s Mineral Wealth

Rikers Jail Replacement Plan Pits Chinatown Against New York City

Without Commuters, US Transit Agencies Are Running Out of Options

DeFi Platform MakerDAO Pauses Some Aave-Related Lending Activity

Memories of Bitcoin-Beating Returns Keep Hex Holders Hanging On

Musk Signals ‘Maybe More Down the Road’ for Dogecoin After Merch

The opaque world of funding commodities trading in China is again under the spotlight. 

This time, metals markets are fixated on an incident in the southern province of Guangdong, in which several traders claim they were duped into providing credit against fictitious quantities of aluminum. More than 500 million yuan ($75 million) may have been loaned, backed by stockpiles of the metal stored in a warehouse in the city of Foshan that turned out to be worth significantly less than that.