business
- ECONOMY
Singapore Firms Miss Women-on-Boards Target as Pandemic Blamed
(Bloomberg) — Singapore’s largest companies missed a collective target to get more women on their boards, with diversity efforts taking…
Read More » - ECONOMY
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…
Read More » - ECONOMY
Kominers’s Conundrums: Can You Escape This Column?
(Bloomberg Opinion) — You can now have Conundrums updates sent directly to your inbox! Sign up here. I have not been…
Read More » - ECONOMY
Alibaba Wishes $2.8 Billion Could Take the Target Off Its Back
Although they were on the hook for a $975 million fine, the ruling by the National Development and Reform Commission…
Read More » - ECONOMY
U.S. Cases Hit Two-Week High; India in Crisis: Virus Update
Surging cases in the Midwest helped push the number of daily U.S. infections to their highest in more than two…
Read More » - ECONOMY
Saverin’s B Capital, Others Invest $1 Billion in India’s Byju’s
(Bloomberg) — India’s online-education startup Byju’s is raising about $1 billion from new investors including B Capital Group, founded by…
Read More » - ECONOMY
A Quant’s Take on Innovation: ‘Data Can Only Take You So Far’
(Bloomberg) — When Gregg Fisher sold his drum kit to buy a computer and start an investing firm in the…
Read More » - ECONOMY
Twin Storms Menace Western Australia’s Coast Through Weekend
Tropical Cyclone Seroja will likely make landfall in Western Australia late Sunday as a second storm, ex-cyclone Odette, rakes coastal…
Read More » - ECONOMY
Prince Philip Was No Saint, But He Was the Queen’s Rock
(Bloomberg Opinion) — “I doubt whether I’ve achieved anything likely to be remembered,” the Duke of Edinburgh once observed to a BBC…
Read More » - ECONOMY
Atomic Superyacht to Offer $3 Million Eco-Tours With Scientists
A nuclear-powered ship full of scientists, activists and billionaires, sailing the world and examining the state of the oceans. That’s the…
Read More » - ECONOMY
Amazon’s Win Delivers a Stinging Defeat to the U.S. Labor Movement
(Bloomberg Businessweek) — The union loss against Amazon.com Inc. in Bessemer, Ala. marks a stinging defeat for the U.S. labor…
Read More » - ECONOMY
Credit Suisse Sues to Find Who Sent Damaging Email in CEO’s Name
(Bloomberg) — Last month, a fake email purporting to be from Credit Suisse Group AG Chief Executive Officer Thomas Gottstein…
Read More » - ECONOMY
Bankers Want More Marshmallows Now. So Do We All
(Bloomberg Opinion) — A pandemic that’s killed close to 3 million people worldwide and shut down entire economies was always…
Read More » - Entrepreneurs
Investing in the auto market but worried about the chip shortage? Check this hedge
Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) have been forced to cut back on production further due to…
Read More » - Entrepreneurs
2021 Sohn Investment Conference Featuring Einhorn, O’Shaughnessy And More
The 2021 Sohn Investment Conference will be held virtually on May 12, 2021 and Valuewalk will be covering the event.…
Read More » - ECONOMY
Michigan Seeks Aid Amid Surge; EU Reviews J&J Shot: Virus Update
(Bloomberg) — Governor Gretchen Whitmer called for Michiganders to voluntarily suspend social activities for two weeks, and asked the federal…
Read More » - ECONOMY
Gregg Fisher Sold a Drum Kit, Parlayed It Into a $3 Billion Firm
He was one of the first money managers to deploy factor-investing strategies at his firm Gerstein Fisher, but now Gregg…
Read More » - ECONOMY
Credit Suisse’s New Chairman to Decide If a Deal Is the Answer
(Bloomberg) — The damage-control work at Credit Suisse Group AG from a pair of disasters that stunned the banking world…
Read More » - ECONOMY
Potanin and Rusal Back $2 Billion Nornickel Buyback Plan
(Bloomberg) — MMC Norilsk Nickel PJSC’s biggest shareholders agreed to support a $2 billion share buyback this year as part…
Read More » - ECONOMY
White House to Host Over a Dozen Companies at Chips Meeting
(Bloomberg) — President Biden’s top economic and national security advisers will host more than a dozen chief executive officers on…
Read More » - ECONOMY
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…
Read More » - ECONOMY
‘Bro Culture’ at Camera Maker Verkada Pushed Profits, Parties
(Bloomberg) — Verkada Inc.’s security camera customers were livid. Hackers had breached footage from thousands of surveillance devices trained on…
Read More » - ECONOMY
Sony’s Obsession With Blockbusters Is Stirring Unrest Within PlayStation Empire
(Bloomberg) — Sony Corp.’s Visual Arts Service Group has long been the unsung hero of many hit PlayStation video games.…
Read More » - ECONOMY
Would Punishing Panic Sellers Doom Bond Mutual Funds?
(Bloomberg Opinion) — “If the ETF came first, the SEC would never approve the mutual fund structure.” I keep thinking…
Read More » - ECONOMY
Give Pilaf a Chance
(Bloomberg) — Editor’s Note: As more people are working from home, Bloomberg Pursuits is running a weekly Lunch Break column…
Read More » - ECONOMY
Americans Desperate to Get Out Set Stage for Gasoline Comeback
(Bloomberg) — Americans are getting ready to rekindle their love affair with the open road, unleashing a full-fledged recovery for…
Read More » - ECONOMY
China’s Didi Raises $1.5 Billion in Debt Ahead of IPO
(Bloomberg) — Didi Chuxing is raising $1.5 billion of debt financing from banks as the Chinese ride-hailing giant seeks to…
Read More » - ECONOMY
Bill Hwang Had $20 Billion, Then Lost It All in Two Days
(Bloomberg Businessweek) — Before he lost it all—all $20 billion—Bill Hwang was the greatest trader you’d never heard of. Starting…
Read More » - ECONOMY
Google-Backed India Courier App Dunzo Seeks $150 Million Funding
(Bloomberg) — Dunzo Digital Private Ltd., a delivery startup backed by Google and operating in eight Indian cities, aims to…
Read More » - ECONOMY
The World’s First Carbon Border Tariff, Explained
At least initially, goods produced in the EU will be more expensive than those not subject to emissions-reducing regulations, making…
Read More » - ECONOMY
A Carbon-Sucking Startup Has Been Paralyzed by Its CEO
(Bloomberg) — The prototype of the device meant to stave off climate devastation looks like a shipping container wrapped in…
Read More » - ECONOMY
Jab Shortage in China, Curbs to Return in Japan: Virus Update
(Bloomberg) — China’s target to vaccinate 560 million people — 40% of its population — by the end of June…
Read More » - ECONOMY
Canada Is a Test of Climate Ambition
(Bloomberg Opinion) — Last in a four-part series on oil-dependent economies and their transition to a zero-carbon future. Read part one…
Read More » - ECONOMY
First India EV Battery Plant Takes Shape to Cut China Dependence
(Bloomberg) — The son-in-law of India’s biggest steel tycoon is betting big on converting coal tar into graphite anodes for…
Read More » - Market
These ‘creative-destruction’ stocks are where you should be looking for winners now
The age-old battle between supporters of either growth or value investing styles has ramped up. But Mitch Rubin of RiverPark…
Read More » - ECONOMY
Brazil Hits Record Deaths; NYC Shifts School Rules: Virus Update
(Bloomberg) — New York City said four or more Covid-19 cases in a school in a week will result in…
Read More » - Market
Homeowners are facing the biggest property-tax hikes in 4 years — here’s where they pay the most
State and local governments have faced a cash crunch as a result of the COVID-19 pandemic. And they’re passing the…
Read More » - Market
Rocket Lab’s next launch will feature second booster recovery, aiming for reusability like SpaceX
The 16th Electron launch in November 2020, when the company recovered the rocket after splashdown for the first time. Rocket…
Read More » - Finance
String of senior partners exit KPMG on eve of new chief exec taking up UK post
A series of KPMG UK’s most senior partners — including two of its vice-chairs — have left the firm in recent weeks…
Read More » - Finance
Linklaters appoints 13 partners in London in largest promotions round since financial crisis
Magic Circle law firm Linklaters has promoted 13 lawyers to its partnership in London out of a 35-strong global partner…
Read More » - ECONOMY
Covid-19 Is About to Become Much Less Deadly
(Bloomberg Opinion) — It can be discouraging to see U.S Covid-19 cases on the rise again, even as the country…
Read More » - ECONOMY
Ron Burkle’s SPAC Said in Talks for $4 Billion Signa Sports Deal
(Bloomberg) — German online retailer Signa Sports United GmbH is in talks to go public through a merger with billionaire…
Read More » - ECONOMY
Atlantic Faces Another Wild Hurricane Season After Record 2020
(Bloomberg) — The Atlantic hurricane season is poised to be another wild one, with forecasters predicting an above-average 17 named…
Read More » - ECONOMY
India Startup Byju’s Makes Global Push With One-on-One Lessons
(Bloomberg) — India’s second-most valuable startup Byju’s is expanding its push into international markets to drive future growth, after reaping…
Read More » - ECONOMY
Augusta National’s Golf Elite Face Questions on Race and Power
(Bloomberg) — It’s high season in Augusta, Georgia. On Thursday, the most exclusive golf club in the U.S. opens its…
Read More » - ECONOMY
U.S. Companies Push Case for Ballot Access After Georgia Fumble
(Bloomberg) — U.S. companies are leveraging their influence against the next wave of Republican-backed bills that tighten state voting rules,…
Read More » - ECONOMY
Hydrogen Fund CEO Sees Early Bets Rewarded With Higher Returns
(Bloomberg) — The boss of the FiveT Hydrogen Fund, a new vehicle seeking to raise 1 billion euros ($1.2 billion)…
Read More » - ECONOMY
Amazon Is Helping to Resurrect the Labor Movement
(Bloomberg Opinion) — The U.S. labor movement has been moribund for decades, but a high-profile unionization drive at Amazon.com Inc.…
Read More » - Finance
Allen & Overy promotes 10 to partner in London as part of 30-strong global round
Magic Circle law firm Allen & Overy has announced it has promoted 30 lawyers to its partnership including 10 from…
Read More » - ECONOMY
A Nobel Prize-Nominated Chef Isn’t Giving Up on Cities
This fall, José Andrés will open an outpost of the beloved Mediterranean restaurant Zaytinya in the new Ritz-Carlton New York, NoMad. A branch of…
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