Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Rhode Island’s new tax on second homes is nicknamed for its most famous part-time resident, music superstar Taylor Swift, but the levy will also squeeze owners of saltbox houses on the coast that are much less grand than the singer’s Holiday House mansion.
Under an annual property tax measure that takes effect Wednesday, the state will collect $5 for every $1,000 that a vacation home’s value is assessed over $1 million. Rhode Island lawmakers passed the measure last year, targeting out-of-towners in coastal enclaves like Newport and Little Compton to raise revenue for affordable housing construction.

Tim Stenovec and guest host Norah Mulinda speak with Bloomberg News Boston Money and Power Reporter Greg Ryan on his reporting on the 'Taylor Swift Tax'.
See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.
Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW
See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
A dangerous heat wave that is trapped over New York City is also trapping people in the city.
The heat dome that’s settled over the East Coast has New York City set for its hottest day since 2012, according to the National Weather Service. Temperatures in Central Park are expected to spike to 100F (38C) Thursday afternoon, but swampy, oppressive humidity will make it feel more like 110F. In parts of the city with less shade and more pavement, temperatures are likely to push even higher.
Power prices on the largest US grid surged as the eastern part of the country was struck by what is forecast to be the hottest day of the year so far.
Today's episode features:
Lauren Rosenthal, Bloomberg News Weather Reporter
Robin Wenzel, Head of Wells Fargo Agri-Food Institute on Wells Agri-Food BBQ report: 'Stay Close, Grill Big: Why Backyard BBQs Are Taking Over Summer 2026'
David 'Dave' Hoffman, CEO, Sky Zone
Craig Trudell, Bloomberg News Managing Editor of Global Business Americas on Tesla, Rivian, & Ford deliveries
Randall Williams, Bloomberg News Senior Reporter and Vanessa Perdomo-Maglione, Bloomberg News Sports Business Reporter, Co-Hosts of the ‘Business of Sports’ Podcast on World Cup latest
Hosted by Tim Stenovec and guest host Norah Mulinda.
See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Chris Beam, Bloomberg Businessweek senior writer discusses his latest piece on how some of the biggest users and supporters of prediction markets are having mixed feelings about its mainstream growth and whether the wide adaptation could dilute its potential to establish collective knowledge. He speaks with Carol Massar and Tim Stenovec.
See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bending Spoons shares surged 40% above their initial public offering price after the company and some of its backers raised $1.68 billion. The trading gives Bending Spoons a market value of $25.7 billion. That compares with a valuation of about $14.5 billion in 2025, after a funding round comprised of $270 million in primary capital and $440 million in secondary capital and a $2.8 billion debt package, according to PitchBook data.
Bending Spoons was formed in 2013 and derived its name from a scene in the 1990s science-fiction film The Matrix. The company brings a private equity-style playbook to distressed software apps, buying largely subscription-based services, trimming their staff and handing operations to coders
On today's show, Carol and Tim speak with:
Luca Ferrari, Bending Spoons CEO AND Bailey Lipschultz, Bloomberg News IPO Reporter
Todd Gillespie, Bloomberg News Banking Reporter on today’s Big Take: Citi CEO Jane Fraser Brings Troubled Bank Into Trump’s Favor
Lipi Sternheim, CEO, REalloys on a US Army processing facilities partnership
Justin Bibb, Cleveland, OH Mayor (D) on CityLab story: Cleveland Plots an Industrial Comeback on East Side 'Midline'
Jo Ann Corkran, Co-CEO & Managing Partner, Golden Seeds on $200 Million milestone
See omnystudio.com/listener for privacy information.