Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
This year’s US Open purse will reach $108 million, representing the largest player compensation package in the sport’s history.Winners of the singles main draw will take home $5.5 million, according to a statement Thursday from the United States Tennis Association. Competitors in the first-round will receive $140,000. Overall compensation for this year’s tournament is up 20% from last year, according to the USTA. Hosts Tim Stenovec and Molly Smith broadcast live from the Billie Jean King National Center
On today's episode:
Steve Flink, Tennis Hall of Fame Journalist and Author of “The Immortals of American Tennis”
Aleco Azqueta, Bacardi Global VP of Marketing
Christian Basnigh, Influencer & Creator of ‘Christian’s Court’
Anthony Sama, NYC Parks Department Flushing Meadow Park Administrator
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Every three months like clockwork, investors pull $40 billion or more from a BlackRock exchange-traded fund tracking the S&P 500 and deposit most of it into a near-identical Vanguard Group product. A few days later they reverse the trade, and the money flows back the other way. Bloomberg News' Zachary Mider and Denitsa Tsekova write about the trend in today's Big Take.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
Chevron plans to invest $7 billion over the next five years to more than double crude production in Venezuela through its joint venture partnerships. The announcement comes after President Trump announced a deal to develop Venezuela's oil reserves, giving the Pentagon a stake in the profits. Bloomberg News Washington Correspondent Tyler Kendall spoke with US Energy Secretary Chris Wright and Chevron CEO Mike Wirth about the new deals.
On today's episode, Tim Stenovec and guest host Lisa Mateo speak with:
Tyler Kendall, Bloomberg News Washington Correspondent
Chris Kennedy, Bloomberg Economics Economic Statecraft Lead
Miguel Martin, Aurora Cannabis CEO
Daniel Schreiber, Lemonade Co-Founder and CEO
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

US-Iran tensions over the Strait of Hormuz heightened after a flurry of military strikes at the start of the week, with neither side prepared to cede ground over the crucial waterway. It caused a surge in oil prices that rippled through global markets, hitting stocks and bonds on worries that higher energy costs will fuel inflation and force the Federal Reserve to boost rates. Bloomberg News Senior Editor Wendy Benjaminson has latest details on fighting in the Middle East, while Bloomberg News Macro Strategist Frank Monkam explains the impacts on the energy and bond markets.

On today's episode:
Wendy Benjaminson, Bloomberg News Senior Editor
Frank Monkam, Bloomberg News Macro Strategist
Heather Lavallee, Voya Financial CEO
Elizabeth Rambert, Bloomberg News Municipal Finance Reporter
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The rise of prediction markets has raised concerns about their potential to contribute to gambling addiction, with some experts arguing that they can be just as addictive as traditional sports betting, despite being marketed as a safer and more user-friendly alternative. Ira Boudway, Bloomberg News Global Business Reporter, reports on one man's story of relapse and recovery and what Kalshi says it's doing address the mental health risks of gambling.
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