HAR
- 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…
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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.…
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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…
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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…
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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…
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Uniqlo Made a Bet on Comfortable Bras. Now It’s Paying Off
(Bloomberg) — A years-long bet on comfy bras and underwear has paid off for Japanese fashion retailer Uniqlo, as shoppers…
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End of Power Struggle May Unlock $3 Billion of Funds for Congo
(Bloomberg) — The World Bank may provide as much as $3 billion to the Democratic Republic of Congo as the…
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Apple Trial Delivers an Epic Surprise
(Bloomberg Opinion) — Epic Games Inc., the maker of Fortnite, may pull out a surprising last-minute victory in its court…
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Politicians Rush to Preserve Popular Pandemic-Era Telemedicine
(Bloomberg Businessweek) — Video conferences have long outlived their charm, but one pandemic staple remains popular: the virtual doctor’s visit.…
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Tencent Sustains Covid-Era Boom as Revenue Climbs 25%
(Bloomberg) — Tencent Holdings Ltd. reported a 25% gain in quarterly revenue as China’s largest company sustained a boom in…
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Tencent Tries to Bounce Back From $200 Billion Antitrust Slide
(Bloomberg) — Tencent Holdings Ltd. is setting out to prove it’s best placed to weather a storm of antitrust scrutiny…
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CNN Dodges Risk of MSNBC Tie-Up as AT&T Opts for Discovery
(Bloomberg) — For months, Wall Street has called on AT&T Inc. to shed its media assets, including CNN, arguing that…
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The World Economy Is Suddenly Running Low on Everything
(Bloomberg) — A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today,…
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The Big Question: Can the U.S. Close Its Digital Divide?
(Bloomberg Opinion) — This is one of a series of interviews by Bloomberg Opinion columnists on how to solve today’s…
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Modi Ally Tries to Quash Reports on India’s Deadly Covid Crisis
(Bloomberg) — As India’s hospitals filled up and long queues emerged outside crematoriums last month, local journalist Anuj Awasthi says…
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The SPAC King Is Doing Just Fine Even as the Bubble Starts to Burst
(Bloomberg Businessweek) — One morning last October, as wildfires raged across Northern California, President Donald Trump convalesced from Covid‑19, and…
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NFTs Are ‘Loot’ in This New $21 Million Crypto Gaming Venture
(Bloomberg) — A group of gaming veterans has raised an initial round of funding to help launch Big Time Studios,…
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Dogecoin May Be a Hustle, But It’s the People’s Hustle
(Bloomberg Opinion) — “Yeah, it’s a hustle.” And with that, Elon Musk as host of Saturday Night Live brought down…
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Google’s Main Business Could Use Some Moonshots
(Bloomberg Opinion) — When Google renamed itself Alphabet Inc. in 2015, co-founder Larry Page revealed that one of the new…
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Uber and Lyft’s Drivers Can Call the Shots Now
(Bloomberg Opinion) — Gig economy workers are in the driver’s seat. With ride-hailing demand outstripping labor supply, a strengthening economy…
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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…
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Europe Looks to Secure Chip Supply After ‘Naive’ Past Approach
(Bloomberg) — Europe was naive to outsource so much of its semiconductor design and manufacturing in recent decades, a top…
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Streaming TV Commercials Are Bewildering, Repetitive, and Growing Like Crazy
(Bloomberg Businessweek) — Ben Chappell was binge-watching The X-Files on Hulu recently when he kept seeing the same ads for…
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Apple’s Schiller Floated Cutting App Store Fees a Decade Ago
(Bloomberg) — Apple Inc.’s top executive in charge of the App Store floated the idea of cutting its fees a…
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Your Car Is About To Be a Software Platform, Subscriptions and All
Yes, the Porsche Taycan is flying out of dealerships. And yes, it charges faster than a knife fight in a…
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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…
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Apple and Facebook’s Staggering Results Aren’t Sustainable
(Bloomberg Opinion) — The problem with posting blowout numbers is that it raises the obvious follow-up question: Can you top this? For…
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Qualcomm Gives Bullish Outlook on Strong Demand for Smartphones
(Bloomberg) — Qualcomm Inc., the world’s largest smartphone chipmaker, gave a bullish forecast for the current quarter, buoyed by surging…
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AMD Gives Bullish Forecast, Raises 2021 Revenue Outlook
(Bloomberg) — Advanced Micro Devices Inc. gave a strong second-quarter sales forecast indicating the chipmaker is taking market share from…
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Inflation Pressure Is Real and Other Earnings Nuggets
(Bloomberg Opinion) — On this busy day for industrial earnings, it’s clear a recovery is taking form but it’s also…
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It’s Just Wings, and That’s Perfectly Fine
(Bloomberg Opinion) — When Chili’s corporate parent reports earnings Wednesday, investors will be looking for details about the performance of a…
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A City Tailor-Made for Self-Driving Cars? Toyota Is Building One
(Bloomberg) — In late February, Toyota Motor Corp. President Akio Toyoda gathered with a handful of Shinto priests in a white tent at…
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Draghi Bets 261 Billion Euros to Redesign Italy’s Economy
(Bloomberg) — Prime Minister Mario Draghi has just a few days to refine what he calls a “historic” plan to…
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Apple Pledges $1 Billion for New North Carolina Engineering Hub
(Bloomberg) — Apple Inc. said it will open an engineering hub in North Carolina, marking its first major campus on…
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Apple Ups U.S. Investments Over Five Years to $430 Billion
(Bloomberg) — Apple Inc. is increasing its U.S. investments by 20% over the next five years, allocating $430 billion to…
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Curt Schilling’s $150 Million Fail Shows What’s Broken in Video Games
(Bloomberg Businessweek) — 38 Studios was the type of company a teenager might dream up when fantasizing about what it’d be…
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AT&T Rises Most Since October on Gains in HBO Max, Wireless
(Bloomberg) — AT&T Inc. rose the most since October after gains in wireless customers and HBO Max streaming subscribers drove…
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Intel’s Latest Hail Mary Is a $20 Billion Bet on American Manufacturing
(Bloomberg Businessweek) — The statement, conveyed as the third bullet point of a quarterly earnings release, was both mind-numbingly technical…
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The British Want to Clean Up Outer Space
(Bloomberg Businessweek) — A defunct satellite spent early April hurtling through space toward the body of an old rocket, threatening…
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Microsoft’s Runner-Up Prize? Multitrillions in Value.
(Bloomberg Opinion) — Sometimes being the runner-up isn’t so bad. Just ask Microsoft Corp. Roughly two decades ago, the world’s…
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Drug Regulators Turn to Zoom-Style Plant Inspections During the Pandemic
(Bloomberg Businessweek) — For the past year the pandemic has brought a halt to in-person inspections of many pharmaceutical manufacturing…
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Nvidia to Make Central Processing Units, Going After Intel
(Bloomberg) — Nvidia Corp. said it’s offering the company’s first server microprocessors, extending a push into Intel Corp.’s most lucrative…
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MTN Group Values Mobile-Money Arm at $5 Billion, Considers IPO
(Bloomberg) — MTN Group Ltd. is valuing its mobile-money arm at about $5 billion, joining African wireless carriers planning to…
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White House to Hear From Companies Vying for Scarce Chips
(Bloomberg) — Top Biden administration officials will hear Monday from companies vying with each other for a sharply constrained global…
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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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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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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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Samsung Profit Beats Estimates as Mobile Sales Cushion Fab Loss
(Bloomberg) — Samsung Electronics Co.’s profit for the first quarter beat analysts’ estimates as strong smartphone and gadget sales softened…
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Amazon Explored Opening Home Goods, Electronics Discount Store
(Bloomberg) — Amazon.com Inc. has explored opening discount retail stores selling a mix of home goods and electronics, a potentially significant…
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