GLOBALMACR
- ECONOMY
Jeff Bezos’s New Superyacht Heralds Roaring Market for Big Boats
(Bloomberg) — Even in the ostentatious world of superyachts, project Y721 stands out. When completed, it will be 127 meters…
Read More » - ECONOMY
Elon Musk on SNL Spurs Dogecoin Watch Parties After 20,000% Gains
(Bloomberg) — They’ll be setting up taco bars, monitoring price movements on dedicated screens and taking a drink every time…
Read More » - 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
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…
Read More » - ECONOMY
NYC’s Financial District Condos Pile Up as Office Life Retreats
(Bloomberg) — For both homebuyers and office-seekers, one thing is true about Manhattan’s Financial District: There’s lots of space for…
Read More » - ECONOMY
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…
Read More » - ECONOMY
The Untold Story of How Jeff Bezos Beat the Tabloids
(Bloomberg Businessweek) — “Raise your hand if you think you’ve had a harder week than I’ve had.” It was Feb.…
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…
Read More » - ECONOMY
Lyft Loss Narrower Than Estimates as Riders Start to Return
(Bloomberg) — Lyft Inc., reporting quarterly results, said ride demand is rebounding as more people get vaccinated, and the company…
Read More » - ECONOMY
Commodities Jump to Highest Since 2011 on Rebound From Virus
(Bloomberg) — Commodities jumped to their highest in almost a decade as a rebound in the world’s largest economies stokes…
Read More » - ECONOMY
Goldman Readies Its U.S. Workforce for Return to Offices in June
(Bloomberg) — Goldman Sachs Group Inc.’s top brass has formulated a plan to have U.S. employees return to offices next…
Read More » - ECONOMY
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…
Read More » - ECONOMY
We Basically Already Know How to Meet Biden’s Climate Targets
(Bloomberg) — At his Earth Day climate summit, President Joe Biden made official what had been expected for weeks: The…
Read More » - ECONOMY
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…
Read More » - ECONOMY
Tesla Is on Thin Ice With Chinese Regulators
(Bloomberg Opinion) — Elon Musk has done a better job at selling and making cars in China in just two…
Read More » - ECONOMY
Biden Economic Adviser Says Inflation Pressures ‘Transitory’
(Bloomberg) — Inflation pressures in certain pockets of the U.S. economy for now are “transitory,” a top Biden administration economic…
Read More » - ECONOMY
Biden’s USTR Says China’s New IP Rights Protections Fall Short
(Bloomberg) — President Joe Biden’s administration urged China to do more to respect the intellectual property of American companies, signaling…
Read More » - ECONOMY
Apple Trial Threatens to Reveal App Store’s Commission Bounty
(Bloomberg) — Apple Inc.’s App Store has long been touted as a growth engine. Now, the world’s most valuable company is…
Read More » - ECONOMY
CLSA Is Giving Junior Bankers a 30% Pay Hike to Stem Exodus
(Bloomberg) — CLSA Ltd., controlled by China’s biggest securities firm, is boosting the monthly paychecks of junior bankers by 30%…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
Corporate Tax Loopholes Matter More Than a Higher Rate
(Bloomberg Opinion) — President Joe Biden wants to pay for his proposed $2.3 trillion infrastructure bill by raising the corporate…
Read More » - ECONOMY
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:…
Read More » - ECONOMY
Why Jamie Dimon, Walmart and McDonald’s Want to Hire Ex-Convicts
(Bloomberg Opinion) — JPMorgan Chase & Co. CEO Jamie Dimon has been preaching the benefits of hiring people with criminal records…
Read More » - ECONOMY
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…
Read More » - ECONOMY
Supreme Court Rebuffs Texas Challenge to California LGBTQ Policy
(Bloomberg) — The U.S. Supreme Court left intact California’s ban on government-funded travel to states it sees as having anti-LGBTQ…
Read More » - ECONOMY
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.…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
‘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…
Read More » - ECONOMY
India Records World’s Highest One-Day Surge in Covid Cases
(Bloomberg) — India saw a record one-day jump with more than 300,000 new coronavirus infections, marking a grim milestone for…
Read More » - ECONOMY
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…
Read More » - ECONOMY
Credit Suisse’s Prime Unit Risk Chief Had Been Archegos Salesman
(Bloomberg) — Wall Street banks have long relied on a familiar system to limit the dangers of trading with big…
Read More » - ECONOMY
Dan Sundheim’s D1 Shakes Off Its $4 Billion Reddit-Fueled Fiasco
(Bloomberg) — It was the kind of moment that would normally sink a hedge fund: Dan Sundheim was on Zoom,…
Read More » - ECONOMY
Brazil Politics: Government Reaches Deal to End Budget Impasse
(Bloomberg) — The Brazilian government’s economic team and lawmakers struck a deal to veto parts of the contentious budget bill…
Read More » - ECONOMY
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…
Read More » - ECONOMY
Digital Yuan Gives China a New Tool to Strike Back at Critics
(Bloomberg) — Even as China grows in economic and military power, perhaps nothing reveals Beijing’s weaknesses more than the U.S.’s…
Read More » - ECONOMY
Ex-Cop Guilty of Murder in George Floyd’s Death: Chauvin Update
(Bloomberg) — Derek Chauvin, the former Minneapolis police officer who knelt on George Floyd’s neck for more than nine minutes…
Read More » - ECONOMY
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.”…
Read More » - ECONOMY
Trudeau’s Pre-Election Bet Hinges on Fast Growth, Low Inflation
Justin Trudeau’s government released a budget that promises big spending on new social programs and a return to small deficits…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
How Much of China’s GDP Was Made in America?
(Bloomberg Opinion) — China kicked off the year with a record expansion that even surpassed the glory days of the…
Read More » - ECONOMY
Biden Energizes Global Effort to Keep Multinationals From Dodging Taxes
(Bloomberg Businessweek) — When I interviewed Kimberly Clausing in 2017, she was an economics professor at Reed College in Portland,…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More »
