Business

With gas prices climbing and new cars costing more than $50,000 on average, many drivers are looking to keep their older vehicles on the road longer. But mom-and-pop garages are becoming harder to find, and dealership repairs can be expensive. Mark Strassman reports on an alternative.

Three masked intruders shot real estate CEO David Morton and his two daughters inside their Toronto Bride Path mansion early Thursday, police say.

Friday’s big plunge raises disturbing parallels with the top of the dot-com bubble

As investors worry about massive spending on the A.I. buildout paying off, earnings reports drove markets down. NBC News’ Brian Cheung reports on what happened on Wall St. and the hack on crypto exchange Binance.

No longer just occasions where trunks of samples are used to sell preorders, trunk shows now combine the instant gratification of off-the-rack shopping with exclusive locations and free perks

Halloween candy is getting more expensive as higher labor, energy and transportation costs continue to pressure food prices. Stew Leonard Jr., CEO of Stew Leonard’s, says bags of popular candy are up about 50 cents from last year, prompting some shoppers to trade down to cheaper options. He joins Bloomberg Businessweek Daily to discuss how affordability is changing consumer behavior, and how both environmental and economic changes are impacting the business. (Source: Bloomberg)

Okta is slated to join the index on Wednesday, replacing Kenvue.

The U.S. Drug Enforcement Administration has for the first time issued registrations to medical marijuana businesses

A $6 billion crypto hack is putting digital-asset security back in the spotlight. Former CFTC chairman J. Christopher Giancarlo, known as “CryptoDad”, argues the attack exposed vulnerabilities at an individual firm rather than a failure of underlying blockchain technology. He is also calling for the US to take a more aggressive approach to state-sponsored cyberattacks. He joins Bloomberg Businessweek Daily to discuss the fallout from the hack and why he believes prediction markets should be regulated federally by the CFTC rather than by individual states. (Source: Bloomberg)

Lonnie Ali, Muhammad Ali's wife & Executive Producer of The Greatest, joins Marc Rosen of Authentic Brands to discuss the first authorized scripted series to take a more intimate look at Muhammad Ali beyond his boxing career. The two speak with Romaine Bostick on "The Close" on October 29, 2026. (Source: Bloomberg)

Entertainment leaders examine how streaming, AI, and the creator economy are reshaping Hollywood and the future of media. Guests include Ted Sarandos, Donna Langley, Ben Affleck, & Conan O'Brien. (Source: Bloomberg)

Brieane Olson, CEO of PacSun, says that the retailer’s core customer is 16 to 24, while it is also tracking differences between Gen Z and Gen Alpha. Drawing on a PacSun Youth Report conducted with GlobalData and surveying 6,000 young people, Olson said mental health ranks as their top priority. She cited PACSUN’s ongoing partnership with Selena Gomez and the Rare Impact Foundation as an example of collaborations intended to have lasting value for young customers. She speaks with Romaine Bostick on "The Close" on October 29, 2026. (Source: Bloomberg)

Joe Preston, New Balance President and CEO, discussed the company’s long-running partnership with the New York City Marathon, which he described as a key part of the brand. More than 300 New Balance associates are in the city for race week, including 200 retail staff at the Javits Center expo, where more than 100,000 visitors are expected over three days. He speaks with Romaine Bostick on "The Close" on October 29, 2026. (Source: Bloomberg)

Ice Cube, CEO & Co-Founder of the Big3 basketball league, says audiences want more basketball in the summer and argues that the league has helped professionalize three-on-three play. He describes basketball as a globally beloved sport and say the league is well positioned to grow, noting that it is already recognized as the world’s premier professional three-on-three league. He speaks with Romaine Bostick on "The Close" on October 29, 2026. (Source: Bloomberg)

Burger King US and Canada President Tom Curtis discussed the chain’s comparable-sales growth, cited in the conversation as 8.4%, against an estimate of 6.2%. Curtis said growth is being driven largely by customers who had stopped visiting and are now returning, drawn by a renewed connection to the brand. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

Hackers made off with around $6 billion in digital currency in what could be the biggest crypto heist in history. Binance said it will cover the losses.