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’ve (maybe) never heard of. We're bringing you the episode here as a bonus.

Read more:
With Billions to Spend, Tether Finds New Allies in Washington
As Lutnick Sold Cantor to His Children, Tether Gave Them a Loan

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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, tokenmaxxing and a salty economic indicator.

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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 Hull joins us to explain why investors are betting big on one of Silicon Valley’s most controversial figures. Plus, an Italian candy heist, and skiing is cancelled.

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America’s favorite pastime is back, and so is...2008? This week, Max and Stacey cover the bases on the simultaneous cultural renaissance of baseball and the rise of the trillion-dollar private credit industry. Plus, the debut of a brand new segment! Hint: It's about an industry uniting both sides of the political aisle.

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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 Gimbel of Yale's Budget Lab asks a question on the minds of many Americans: Is retirement actually realistic anymore?

Plus, Stacey makes the case for a love letter to the free market, and Max mourns the legless Metaverse.

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This week we explore why very expensive oil might be sticking around despite President Trump’s on-again-off-again declarations of victory in Iran. We break down the "20-cent rule" for gas prices, the Strait of Hormuz chokepoint and the political fallout for the midterms. Plus: Bloomberg’s Ben Steverman on the Wild West that is white collar salaries.

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As conflict escalates between the US and Israel and Iran, Bloomberg’s Javier Blas reveals a vulnerability hiding in plain sight: the water systems that millions across the Middle East depend on. Plus: AI in wartime, and a gripping new podcast series on Chinese counterintelligence.

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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 life-changing payday. (Or, at the very least, a tote bag at a podcast festival.)

Place your bets.

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