BON
- ECONOMY
Shocking Jobs Miss Rips Up Traders’ Playbooks
(Bloomberg Opinion) — This was supposed to be a U.S. jobs report for the ages. One million more Americans were…
Read More » - ECONOMY
Climate Adaptation Should Be a Public Good, Not an Asset Class
In the run up to the 2020 U.S. election, a meme started making the rounds on Twitter. “Transport is climate policy,”…
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Schooled by Crisis, Asian Economies Defy Emerging-Market Label
(Bloomberg) — In the pandemic’s second year, some familiar worries — about inflation, capital flight or public debt — are…
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Huge Crypto Bet Draws Heat for Bank Stock Fund
Mertz is the president and chief investment officer of Emerald Advisers, a $4.7 billion asset manager based in Leola, Pennsylvania, a community…
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Moderna Booster Effective; Canada May Mix Shots: Virus Update
(Bloomberg) — Moderna Inc. said mid-stage trials showed its booster shots were effective against strains of the coronavirus that emerged…
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Chicago Auto Show’s Return Spurs Hope for Revival of Big Events
(Bloomberg) — In any other year, the Chicago Auto Show would be a premier showcase for the car industry, attracting…
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Covid’s Shockwaves Took Poverty in Latin America to a New Nadir
(Bloomberg) — The Covid-19 pandemic has sent a wave of poverty racing across Latin America, deepening declines that began over the past…
Read More » - ECONOMY
A ‘Very Modest’ Taper Is Undeserving of a Tantrum
(Bloomberg Opinion) — Rapid economic growth need not lead to significant increases in interest rates or meaningfully faster inflation. Muscular…
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Inflation Risk Intensifies With Supply Shortages Multiplying
(Bloomberg) — Signs of inflation are picking up, with a mounting number of consumer-facing companies warning in recent days that…
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Citi Executive Called Alleged Boycott ‘Outrageous,’ Filing Says
(Bloomberg) — A former Citigroup Inc. executive called Nuveen LLC’s alleged demand that the bank stop doing business with the…
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Employees Won’t Decide When to Return to Office
(Bloomberg) — Working from home for more than a year may revolutionize some parts of business, but the impact on…
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What the Asian Thought-Leadership Mafia Gets Wrong
(Bloomberg Opinion) — Asia is the future of the world economy! The growth is so impressive, the opportunities so marvelous! If…
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New York’s Full Reopening Goal Has a Subway Problem
(Bloomberg Opinion) — New York City Mayor Bill de Blasio rocked the Big Apple on Thursday by declaring that he sees…
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Denver Airport Is a Model for Biden’s Infrastructure Plan
(Bloomberg Opinion) — Anyone among the two-thirds of Americans who approve of President Joe Biden’s American Jobs Plan for infrastructure…
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If Italy Fails, Then Europe Fails Too
(Bloomberg Opinion) — Italy’s parliament has approved Mario Draghi’s 261 billion-euro ($315 billion) spending plan to resurrect the euro zone’s…
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Biden-Powell Duo Seeks to Define an Era Like Reagan-Volcker Did
Forty years ago, President Ronald Reagan and Federal Reserve Chairman Paul Volcker oversaw a root-and-branch restructuring of the U.S. economy.…
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Fed Strengthens View of Economy While Keeping Rates Near Zero
(Bloomberg) — Federal Reserve officials strengthened their assessment of the economy on Wednesday and signaled that risks have diminished while…
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Transcript: Chris Cole on How to Build a 100-Year Portfolio
(Bloomberg) — On this episode of Odd Lots, we speak to Chris Cole, the founder of Artemis Capital Management and…
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Rent Crisis Spirals for Landlords Awaiting $47 Billion in Relief
(Bloomberg) — More than a year since Covid-19 lockdowns put millions of apartment dwellers out of work, almost $47 billion…
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How to Build a Portfolio That Outperforms for a Century
(Bloomberg) — There’s a scene in 2011’s “Moneyball” — the Hollywood take on Michael Lewis’s 2003 book — where economics grad Peter Brand describes a…
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No More $2.9 Billion Archegos Shocks, Nomura
(Bloomberg Opinion) — Kentaro Okuda’s first year as chief executive was going to end in a blaze of glory. Instead,…
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Fed Will String Traders Along on Its Taper Timeline
(Bloomberg Opinion) — Want to know when the Federal Reserve will begin tapering its bond purchases? It seems easy enough:…
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Kuroda to Miss Price Goal as Japan’s Inflation Hunt Drags On
Haruhiko Kuroda will fail to reach his goal of stable 2% price growth during his term after what will have…
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Lyft to Sell Autonomous-Driving Unit in $550 Million Deal
(Bloomberg) — Lyft Inc. has agreed to sell its self-driving division to a subsidiary of Toyota Motor Corp., joining Uber…
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Brazil at Risk of Steeper Rate Hikes, Former Central Banker Says
(Bloomberg) — Brazil’s central bank is at risk of having to raise interest rates more than expected just a month…
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Europe’s Most Indebted Countries Aren’t Ready for Market Reality
(Bloomberg) — Europe’s brightening economic outlook as Covid-19 vaccinations pick up is also accelerating the timetable toward a new danger.…
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Biden Aims at Top 0.3% With Bid to Tax Capital Like Wages
President Joe Biden wants to end the preferential U.S. tax treatment of investment income that has benefited the nation’s wealthy…
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Biden Gets No Fresh Starts on Complicated U.S. Foreign Policy
(Bloomberg Businessweek) — “America is back,” President Biden said in February, promising a diplomacy-centered reset of foreign policy. When it…
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Biden Aims at Top 0.3% With Bid to Tax Capital Gains Like Wages
President Joe Biden wants to end the preferential U.S. tax treatment of investment income that has benefited the nation’s wealthy…
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Why China ‘Bad Bank’ Huarong’s Fall Is Big Bad News
(Bloomberg) — What happens when a company set up by the Chinese government to help clean up toxic debt in…
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Chicago Professor Jenkins Talks Inequality in Muni Market: Q&A
(Bloomberg) — Destin Jenkins is an assistant professor of history at the University of Chicago and author of “The Bonds…
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‘Apocalyptic’ St. Vincent Eruption May Cost Up to 50% of GDP
(Bloomberg) — The ongoing volcanic eruption in St. Vincent and the Grenadines could cost the Eastern Caribbean nation 50% of…
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Big Tech $100 Billion Foreign-Profit Hoard Targeted by Tax Plan
(Bloomberg) — Technology giants led by Apple Inc. and Microsoft Corp. disclosed more than $100 billion in profit outside the…
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How Might China Rescue Huarong? Look at What’s Left of Bank of Jinzhou
(Bloomberg Opinion) — Investors around the world want a quick resolution to the problems at China Huarong Asset Management Co. but…
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Emerging-Market Bulls Brace for Treasury Relapse After Rally
(Bloomberg) — Emerging-market bulls who’ve benefited from moderating U.S. Treasury yields are bracing for a relapse as political risks pile…
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John Authers and Mohamed El-Erian on What Comes After Reflation
(Bloomberg) — Here’s a complete transcript of the live blog event “What Comes After Reflation: Q&A With El-Erian & Authers.”…
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Private Equity Risks a Hit From Trudeau’s Interest-Deduction Cap
The budget unveiled by Canadian Prime Minister Justin Trudeau’s government on Monday includes a tax provision that could affect enterprises…
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Meituan CEO Who Bested Jack Ma Snags $10 Billion for Next Fight
(Bloomberg) — The competition between Wang Xing’s Meituan and fellow tech billionaire Jack Ma’s Alibaba Group Holding Ltd. is turning…
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Central Banks to Pour Money Into Economy Despite Sharp Rebound
The aggressive rebound in global economic growth still isn’t enough for most of the world’s central banks to pull back…
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Xi Warns of Decoupling; Dalio Touts China Bonds: Boao Update
(Bloomberg) — Chinese President Xi Jinping, in a keynote speech delivered for the annual Boao Forum Tuesday, called for greater…
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Morgan Stanley’s Archegos Loss Is No Emergency
(Bloomberg Opinion) — There’s something fitting about Morgan Stanley’s loss from the blowup of Archegos Capital Management totaling $911 million. By…
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Is Bitcoin Boom a ‘Better Gold’ or Just Another Bubble?
(Bloomberg) — Bitcoin investors are having a wild ride. The best-known cryptocurrency reached a series of records in 2021, just…
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Rebound in U.S. Economy Gathers Steam With Surge in Retail Sales
U.S. retail sales accelerated in March by the most in 10 months as business reopenings, increased hiring and a fresh…
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Citi to Exit Retail Banking in 13 Markets Across Asia, Europe
(Bloomberg) — Citigroup Inc. plans to exit retail banking in 13 markets across Asia and the Europe, Middle East and…
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Citi Flexes SPAC Muscles for a Record Profit Under New CEO
(Bloomberg) — Citigroup Inc.’s equities desks, undersized among Wall Street’s giants, are proving strong enough to lift the firm to…
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Office-Tower Bonds Are Wildly Popular Despite Quiet Downtowns
(Bloomberg) — Investors are pouring money into bonds backed by U.S. offices, shrugging off concerns about whether workers will ever…
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Fed Is More Worried by Inflation Running Too Cold Than Too Hot
(Bloomberg) — Federal Reserve officials are just as worried about an inflation rate that runs too cold as one that…
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The Yellen Doctrine Is So Much More Than Corporate Taxes
(Bloomberg Opinion) — Janet Yellen has a potent message for the world and for folks at home weary of U.S. commitments…
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Inflation Is the Only Signal That the Post-Covid Boom Will Heed
(Bloomberg) — Economics used to offer lots of metrics that claimed to show when growing economies were approaching some kind…
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Blackstone Joins in Risky Commercial-Property CLO Sales Swell
(Bloomberg) — Sales are once again booming for a growing corner of the bond market used to finance risky real…
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