COS
- 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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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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‘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…
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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.…
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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…
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Give Pilaf a Chance
(Bloomberg) — Editor’s Note: As more people are working from home, Bloomberg Pursuits is running a weekly Lunch Break column…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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,…
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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)…
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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.…
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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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Why Ecuador’s Runoff Vote Matters for the Bond Market: QuickTake
(Bloomberg) — Voters in Ecuador face a stark choice when they pick their new president in the April 11 runoff…
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Biden’s School-Reopening Plans at Risk on Sports-Tied Outbreaks
(Bloomberg) — The coronavirus pandemic is erupting anew in youth sports across the U.S., prompting fresh warnings from President Joe…
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South African Utility Eskom Contracts Swapped for Party Funding, Probe Finds
(Bloomberg) — An oil blending and storage company secured deals to supply South Africa’s state power utility with fuel oil…
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Jokowi Doubles Indonesia’s Wealth Fund Goal to $200 Billion
(Bloomberg) — President Joko Widodo has set a $200 billion goal for Indonesia’s new wealth fund in the next two…
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Indonesia’s Jokowi Wants Growth. And Something More
(Bloomberg Opinion) — In upsetting everyone’s best-laid plans, the pandemic has made us aware of the fallibility of our single-minded pursuit of peak efficiency.…
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EU Fails to Unify on Astra; Variant Common in U.S.: Virus Update
(Bloomberg) — The European Union failed to unify in responding to links between AstraZeneca Plc’s Covid-19 vaccine and a rare…
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Peter Thiel Calls Bitcoin ‘a Chinese Financial Weapon’ at Virtual Roundtable
(Bloomberg) — Peter Thiel is “pro-crypto” and “pro-Bitcoin maximalist,” but he also thinks the cryptocurrency may be undermining America. Thiel,…
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The UAE Stock That’s Up 70% in Three Weeks and Nobody Knows Why
(Bloomberg) — By most standards, the recent performance of International Holdings Co. PJSC has been an investor’s dream. Shares in…
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Threat of Higher Corporate Taxes Starts to Unnerve Investors
(Bloomberg) — Inflation was a first-quarter problem. Investors are now fretting over the potential tax bill companies could face as…
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Baseball Deserves to Lose Its Antitrust Immunity
(Bloomberg Opinion) — When Major League Baseball decided to move the midseason All-Star game out of Atlanta to protest a…
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