MARKETS
- Finance
Payrolls rose 390,000 in May, better than expected as companies keep hiring
The U.S. economy added 390,000 jobs in May, better than expected despite fears of an economic slowdown and with a…
Read More » - ECONOMY
Peloton Got Trapped in Its Trillion-Dollar Fantasy
(Bloomberg Businessweek) — Up until a few years ago, it was safe to assume that someone using the word “peloton”…
Read More » - ECONOMY
The Bond King’s Genius Was No Match for His Ego
(Bloomberg Businessweek) — I. Team Bonding When Bill Gross started his career in investing in the fixed-income department of a…
Read More » - ECONOMY
A Billionaire’s Heir Hangs Up His Healing Crystal to Fix Capitalism
(Bloomberg Businessweek) — William Peterffy, the only son of billionaire Thomas Peterffy, has cycled through a lifetime’s worth of occupations…
Read More » - Market
Russia stocks ETF loses a quarter of its value in one day on invasion of Ukraine
Traders on the floor of the NYSE, Feb. 22, 2022. Source: NYSE The VanEck Russia ETF fell more than 25%…
Read More » - ECONOMY
Wall Street Is Buying Starter Homes to Quietly Become America’s Landlord
(Bloomberg Businessweek) — Javier Vidana started out as a real estate agent in 2013, when Arizona’s Salt River Valley seemed…
Read More » - ECONOMY
Syngenta, Chevron Could Face Billions in Claims Over Weed Killer
(Bloomberg) — Yet another popular weed killer used by American farmers for decades is becoming a costly liability for the…
Read More » - ECONOMY
Delayed Wuhan Report Adds Crucial Detail to Covid Origin Puzzle
(Bloomberg Businessweek) — The origin story of Covid-19 remains a mystery mired in contentious geopolitical debate. But a research paper…
Read More » - ECONOMY
Bordeaux 2020: The 19 Wines to Buy From the Strangest Vintage Ever
(Bloomberg) — Château Margaux, $620 a bottle; Château Lafite Rothschild, $695; Haut-Bailly, $139; Ducru-Beaucaillou, $239 . . . The final…
Read More » - 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
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,…
Read More » - ECONOMY
Merck’s Little Brown Pill Could Transform the Fight Against Covid
(Bloomberg Businessweek) — The story of what might become the next major breakthrough in Covid-19 treatment starts on a hotel…
Read More » - ECONOMY
The Pandemic Is Creating a ‘Postwar Boom’ for Luxury Carmakers
(Bloomberg) — Famously reticent to disclose how many cars they sell or at what amount of profit, luxury automakers are finding it…
Read More » - ECONOMY
Cathie Wood’s ARK ETF Is No Ticking Time Bomb
(Bloomberg Opinion) — A great deal of attention these days is being focused on Cathie Wood’s ARK funds, particularly the…
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