business
- ECONOMY
UBS O’Connor CIO Tries to Stay ‘Million Miles’ From Meme Stocks
(Bloomberg) — Kevin Russell, chief investment officer of UBS Group’s $9 billion hedge-fund unit UBS O’Connor, joined this week’s “What…
Read More » - ECONOMY
Transcript: Brian Venturo on the Battle for Semiconductors
And price definitely changes with where crypto is, right?They know that they have a limited supply. It’s virtually unlimited demand.…
Read More » - Finance
Ashurst elects London corporate partner Karen Davies as first female chair
Partners at law firm Ashurst have elected London corporate heavyweight Karen Davies as their first female chair. Davies, the firm’s UK…
Read More » - ECONOMY
On the Jersey Shore, Surf’s Up — Way Up
(Bloomberg Opinion) — In New Jersey’s beach towns, there are two sets of data that always seem to be rising:…
Read More » - ECONOMY
Signal Jabs at Facebook and Navigates Growing Pains as Popularity Surges
Current and former staffers, who asked not to be identified either because of concerns of breaching confidentiality agreements or professional…
Read More » - ECONOMY
What Is Amazon Trying to Be?
(Bloomberg Opinion) — Jeff Bezos might as well join the crowd and call it Amazon+. No other company’s calculus is…
Read More » - ECONOMY
What Happened When Evanston Became America’s First City to Promise Reparations
(Bloomberg Businessweek) — Lucious Sutton disconnected the water line, the gas line, and the sewer line for the home he’d…
Read More » - ECONOMY
India Says Twitter Tries to ‘Dictate Terms’ in Largest Democracy
(Bloomberg) — The Indian government accused Twitter Inc. of attempting to “dictate terms to the world’s largest democracy” and “defame…
Read More » - ECONOMY
Carmakers Forced by Chip Crisis to Rethink Just-In-Time Ordering
(Bloomberg) — A century after automakers showed the world the value of assembly-line manufacturing, a shortage of semiconductors is teaching…
Read More » - ECONOMY
Explore the New Seven Wonders of the World
(Bloomberg Businessweek) — The Seven Wonders of the World were the original bucket list—the places every Socratic disciple wanted to…
Read More » - ECONOMY
What Does RTO Mean for Our New Pets, Prets and Pelotons?
(Bloomberg Opinion) — What if we can’t work from home forever? Over the last year, countless decisions have been made…
Read More » - ECONOMY
Chrystia Freeland Is Trying to Supercharge Canada’s Growth
(Bloomberg Markets) — When Chrystia Freeland became Canada’s minister of finance in August, she had a mandate from Prime Minister…
Read More » - ECONOMY
Can Powell Raise Rates With the Arch of an Eyebrow?
(Bloomberg Opinion) — Accelerate on the way down. Going uphill? Skip the elevator and try the stairs. That could well…
Read More » - ECONOMY
Florida Cruise Tests Rules; U.K. Opening in Doubt: Virus Update
(Bloomberg) — Royal Caribbean Cruises Ltd. said it had been cleared to resume cruises in the U.S. starting with a…
Read More » - ECONOMY
Digital Bank Upstarts Are Years Away From Profits in Hong Kong
(Bloomberg) — Hong Kong’s virtual banks are facing years of red ink on the bottom line after making limited inroads…
Read More » - ECONOMY
HP Inc. Gives Upbeat Forecast, Fueled by Continuing Laptop Boom
(Bloomberg) — HP Inc. forecast robust profit gains for the current period, indicating consumers are continuing to spend on personal…
Read More » - ECONOMY
It’s a Horrible Time for ‘Just in Time’ Business Models
Joe:What does the typical market look like? Brian:Well, you know, like sitting here today, I would die to go back to like…
Read More » - ECONOMY
Is the Vaccine Blood-Clot Problem Fixed?
(Bloomberg Opinion) — The rollout of Covid-19 vaccines developed by AstraZeneca Plc and the University of Oxford and Johnson &…
Read More » - ECONOMY
Shortage of Asia-Made Jute Bags Threatens Nigerian Cocoa Exports
(Bloomberg) — Nigerian cocoa exporters, which rely on imported jute bags to package their beans, are facing a shortage after…
Read More » - ECONOMY
Biden Takes Spending Pitch to Cleveland Amid GOP Negotiations
(Bloomberg) — President Joe Biden will try to bolster his case for his massive spending proposals on Thursday, arguing his…
Read More » - ECONOMY
Bank CEOs Get Rebuke From Waters Over Overdraft Fees, Gaps in Lending
(Bloomberg) — House Financial Services Committee Chairwoman Maxine Waters rebuked Wall Street CEOs for charging overdraft penalties during the pandemic…
Read More » - ECONOMY
Google, Shopify Extend Ties in Commerce Blitz Against Amazon
(Bloomberg) — Google is pushing further into e-commerce with new tools and partnerships with Shopify Inc., Square Inc. and others…
Read More » - ECONOMY
Fidelity in Talks to Back Relativity Space at $4.1 Billion Value
(Bloomberg) — Relativity Space Inc., a maker of 3D-printed rockets, is in talks to raise $600 million in a funding…
Read More » - Finance
Celebrity fintech Lanistar breaches advertising rules as ‘misleading’ security claims continue
Promotions by fintech startup Lanistar claiming its payments cards were “the world’s most secure” were misleading and must not be made again,…
Read More » - ECONOMY
Florida May Lose Some of Its Boomer Shine
(Bloomberg Opinion) — The scramble to find service workers has been on display among large corporate employers in recent weeks.…
Read More » - ECONOMY
Engine No. 1’s Exxon Win Provides Boost for ESG Advocates
(Bloomberg) — The rejection of Exxon Mobil Corp.’s management team marks one of the most significant victories for shareholders who…
Read More » - ECONOMY
A $250 Million Fund Steers HBCU Endowments Into Venture Capital
(Bloomberg Businessweek) — College endowments illustrate just how deep-rooted inequality is in higher education. U.S. college endowments held about $630…
Read More » - ECONOMY
Big Business Loses a Political Home Amid Its Feud With the GOP
(Bloomberg Businessweek) — Big business broke with President Donald Trump over tariffs and immigration and resented his Twitter attacks on…
Read More » - ECONOMY
Cathie Wood’s Bad Spring Is Only a Blip When the Future Is So Magnificent
(Bloomberg Businessweek) — In the weirdest year of our lives, the rise of Cathie Wood is hardly the weirdest thing…
Read More » - ECONOMY
A Message to Clean Tech Entrepreneurs: You Are Still Not Late
A week ago, U.S. President Joe Biden signed an executive order urging his administration to create a comprehensive strategy on climate-related…
Read More » - Finance
Tougher audit standards fall short on fraud, shareholder group says
Tougher new standards for auditors to detect fraud are a “mixed bag”, shareholder advisory group Pirc has said. The Financial…
Read More » - ECONOMY
What Climate Science Loses Without Enough Black Researchers
(Bloomberg) — Vernon Morris had often felt invisible in a profession defined by observation. As a climate scientist, he’s encountered racist…
Read More » - ECONOMY
A ‘Perfect Storm’ Leaves Hamptons Restaurants Scrambling for Staff
(Bloomberg) — Later this year, the iconic Amagansett seafood shack Lobster Roll will open the first new location in its 55-year history. The outpost will…
Read More » - ECONOMY
America’s Economic Recovery Isn’t Roaring for Everyone
After more than a year of pandemic, the U.S. economy is roaring back and is now expected to grow by…
Read More » - ECONOMY
Taiwan Proposes Doubling Extra Stimulus to Boost Ailing Economy
(Bloomberg) — Taiwan’s ruling party said it plans to double a proposed increase in stimulus funding as the economy reels…
Read More » - ECONOMY
There Are More Signs Supply Shortages Could Stick Around Without Sparking Inflation
(Bloomberg) — With lots of talk about supply shortages right now, there are plenty of concerns that companies will raise…
Read More » - ECONOMY
Bayer Request to Settle Future Roundup Claims Is Denied by Judge
(Bloomberg) — Bayer AG’s proposal to pay as much as $2 billion to resolve future claims that its Roundup weed…
Read More » - ECONOMY
Australian City Enters Its Fourth Lockdown as Virus Returns
(Bloomberg) — Melbourne, the Australian city that’s already endured one of the world’s longest and most stringent lockdowns, is ordering…
Read More » - ECONOMY
SoftBank’s Top 8 Executives Made $64 Million After Record Profits
(Bloomberg) — SoftBank Group Corp. once again demonstrated its willingness to pay the highest compensation in Japan, with eight top…
Read More » - Entrepreneurs
Ford to reveal platforms for all-electric vehicles
Ford Motor Company (NYSE:F) will reportedly announce more electric vehicles today. Sources told Reuters that the automaker is working on…
Read More » - ECONOMY
Covid Origin Hunt Ordered by U.S.; EU Rips Astra: Virus Update
(Bloomberg) — President Joe Biden said he ordered the U.S. intelligence community to “redouble” its effort to determine the origin…
Read More » - ECONOMY
Casino Mogul Steve Wynn Must File as Foreign Agent, U.S. Says
(Bloomberg) — The U.S. Justice Department has told former casino magnate Steve Wynn to register as a foreign lobbyist for…
Read More » - ECONOMY
Snowflake Declines on Forecast for Slowing Product Sales Growth
(Bloomberg) — Snowflake Inc., a software company that debuted with 2020’s biggest U.S. public offering, said product sales will grow…
Read More » - ECONOMY
Bank CEOs Take Punches From Democrats, Warnings From Republicans
(Bloomberg) — Senator Elizabeth Warren called JPMorgan Chase & Co.’s Jamie Dimon “the star of the overdraft show.” Her Democratic…
Read More » - ECONOMY
It’s Time to Talk About Something and Inflation Isn’t the Right Word for it
…to get something that you can get a handle on, you have to spin up a consumption basket. The idea…
Read More » - Market
Lockheed Martin and GM partner to develop new moon buggy for NASA astronauts and cargo
An artist’s concept shows an outline of the lunar vehicle design. Lockheed Martin | General Motors Lockheed Martin and General…
Read More » - Market
Cathie Wood’s space exploration ETF sells its last few shares of Virgin Galactic
VSS Unity floats in microgravity at the edge of space during its third spaceflight on May 22, 2021. Virgin Galactic…
Read More » - ECONOMY
What’s the Point of the Office Again?
(Bloomberg Opinion) — Over the past few weeks, I’ve spoken with managers and employees about returning to the workplace. Behind…
Read More » - ECONOMY
In One Minnesota Town, a Police Overhaul Is Working
“And before he was halfway through his proposal, I said yes,” Anderson said. ***** Although St. Cloud has never faced a…
Read More » - Finance
‘So much burnout, so many divorces, so much alcohol abuse’ — the deals boutique trying to end long-hours culture
Lockdown has catapulted the issue of long hours in the City to the top of the agenda, with tales of…
Read More »
