MARKETS
- ECONOMY
Colonial Is Just the Latest Energy Asset Hit by Cyber-Attacks
(Bloomberg) — A cyber-attack has never taken down a U.S. fuel pipeline quite as big as the Colonial Pipeline. It’s…
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Chrissy Teigen’s Mom Turns Up the Flavor on Tea Sandwiches
(Bloomberg) — Editor’s Note: As more people are working from home, Bloomberg Pursuits is running a weekly Lunch Break column…
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China’s Exports Rise Amid Global Recovery, Week In Review
A woman wearing a face mask and holding a bag commemorating the upcoming 100th anniversary of the … [+] founding…
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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…
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Jeff Bezos’ Blue Origin to launch first space tourism passengers on July 20 and auction off a seat
A New Shepard rocket launches on a test flight. Blue Origin Jeff Bezos’ space venture Blue Origin will launch its…
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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…
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SEC Chair Gensler: Agency is looking at retail brokerage apps, how they make money on trades
SEC Chairman Gary Gensler told CNBC on Friday the agency is looking into how commission-free retail brokerage apps encourage more…
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Labor secretary says pandemic is still weighing on economy but confidence is coming back
Labor Secretary Martin Walsh said Friday that the Covid-19 pandemic is still weighing on jobs but projected optimism about recovery…
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Climate Adaptation Should Be a Public Good, Not an Asset Class
In the run up to the 2020 U.S. election, a meme started making the rounds on Twitter. “Transport is climate policy,”…
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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…
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Billionaire Li Ka-shing Bets on Southeast Asia’s Tech Startups
(Bloomberg) — Hong Kong tycoon Li Ka-shing’s private investment firm Horizons Ventures Ltd. will make Southeast Asia a priority, with…
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Fed warns about potential for ‘significant declines’ in asset prices as valuations climb
People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020. Ting Shen |…
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April jobs expected to top 1 million as consumers boost the economy
Server Adrian Almanza brings entrees to a table at Satay Thai Bistro and Bar, in Las Vegas, Nevada, March 28,…
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Yale’s Swensen Leaves Legacy of Proteges Across Investing
(Bloomberg) — Before David Swensen started working at Yale in 1985, its portfolio consisted mostly of plain-vanilla stocks and bonds.…
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Biden Tax-Hike Exemption for Farms Pushed by Rural Democrats
(Bloomberg) — House Democrats representing key rural swing districts laid down a marker on President Joe Biden’s proposed tax increases,…
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The Chinese Government Needs to Become a Clean Energy Supermajor
(Bloomberg) — China is turning to its state-owned coal power companies to helm the next stage of the country’s renewables…
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Etsy Earnings Beat Expectations. Why Its Stock Is Tumbling.
Etsy projects a return to Earth in the second quarter. Wachiwit/Dreamstime And that’s the end of the great Etsy pandemic…
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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…
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Indebted Eskom Balks at Power Deal Offered by Turkish Generator
Eskom Holdings SOC Ltd., South Africa’s state power utility, doesn’t want to buy electricity from the company that won most…
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Moderna Booster Effective; Canada May Mix Shots: Virus Update
(Bloomberg) — Moderna Inc. said mid-stage trials showed its booster shots were effective against strains of the coronavirus that emerged…
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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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Corn’s Hot Summers Tend Not to Last
(Bloomberg Opinion) — It’s going to be a good summer for corn farmers. Speculators best hope it’s a very dry…
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Private payrolls show big gain in April but still short of lofty expectations, ADP says
Bartenders wearing protective masks assist customers sitting at the bar at Blooms Tavern in New York, U.S., on Monday, May…
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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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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…
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Inflation Risk Intensifies With Supply Shortages Multiplying
(Bloomberg) — Signs of inflation are picking up, with a mounting number of consumer-facing companies warning in recent days that…
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Citi Executive Called Alleged Boycott ‘Outrageous,’ Filing Says
(Bloomberg) — A former Citigroup Inc. executive called Nuveen LLC’s alleged demand that the bank stop doing business with the…
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SpaceX: Over 500,000 orders for Starlink satellite internet service received to date
A Starlink user terminal being set up. SpaceX Elon Musk’s SpaceX has received more than 500,000 orders so far for…
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Biden Tax Rule Would Rip Billions From Big Fortunes at Death
(Bloomberg) — Jeff Bezos has an ex-wife, a girlfriend, four children and billions of reasons to watch whether Joe Biden’s…
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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…
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Cathie Wood’s ARK Innovation ETF drops nearly 5% amid tech sell-off, is now off 30% from high
Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management LLC, speaks during the Sooner Than You…
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S&P Dow Jones takes Bitcoin, Ethereum to Wall Street; launches 3 crypto indexes to track digital assets
As of May 3, 2021, SPBTC stood at 7,678.36, SPETH at 29,405.14 and SPCMC at 5,895.79. (Image: S&P Dow Jones…
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Firefly Aerospace becomes the latest space unicorn after $75 million raise
The company prepares its first Alpha rocket for launch at Vandenberg Air Force Base in California. Firefly Aerospace Firefly Aerospace…
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Supply Chains Are Our Most Critical Infrastructure
(Bloomberg Opinion) — President Joe Biden made clear in his Joint Address to Congress that rebuilding U.S. infrastructure and protecting national security…
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Women Are Taking Top Jobs at Fund Companies, But Their Ranks Aren’t Growing
(Bloomberg Businessweek) — Linda Zhang started managing money in 2003. At the time, a little more than 1 in 10…
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Biden Tax Rule Would Rip Billions From Biggest Fortunes at Death
(Bloomberg) — Jeff Bezos has an ex-wife, a girlfriend, four children and billions of reasons to watch whether Joe Biden’s…
Read More » - ECONOMY
E-Commerce Service Valued at $235 Million Targets U.S. IPO
(Bloomberg) — SCI Ecommerce, the online shopping service provider backed by two of Alibaba’s earliest employees, has raised more than…
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NYSE Eases Restrictions; U.S. Cases Slow: Virus Update
(Bloomberg) — The New York Stock Exchange will allow more traders on the floor if they’re fully vaccinated. The confirmed…
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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…
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Why Most AI Writing Can’t Get Its Facts Straight
(Bloomberg Opinion) — It’s been almost a year since OpenAI, the San-Francisco lab co-founded by Elon Musk, released Generative Pre-trained Transformer…
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Warren Buffett says Berkshire Hathaway is seeing ‘very substantial inflation’ and raising prices
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller | CNBC Warren Buffett…
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Transcript: Adam Tooze on What He Learned About the World Last Year
(Bloomberg) — On this episode of Odd Lots, we speak to Adam Tooze, a professor of history at Columbia and the…
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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…
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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…
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The Big Question: Can India Find a Way Out of Its Covid Nightmare?
(Bloomberg Opinion) — This is one of a series of interviews by Bloomberg Opinion columnists on how to solve today’s…
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Take a look inside Astra’s rocket factory, as the company prepares to go public
Astra VP of manufacturing Bryson Gentile, left, and CEO Chris Kemp take a protective cover off a rocket fairing half.…
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Wall Street’s top analysts recommend these buy-rated stocks as earnings season rolls on
A selection of food that is on the menu at the Jack in the Box on Campus Drive in Irvine,…
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Warren Buffett Touted America. Too Bad He Didn’t Buy.
(Bloomberg Opinion) — Warren Buffett is feeling much better since “the economy went off a cliff” last March. He admits…
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Charlie Munger calls bitcoin ‘disgusting and contrary to the interests of civilization’
Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway Vice…
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This is the special lesson Warren Buffett gave new stock investors at his annual meeting
Warren Buffett Gerry Miller | CNBC Warren Buffett took a special moment at the start of Berkshire Hathaway‘s annual shareholders’…
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/https:/specials-images.forbesimg.com/imageserve/6095b643b46ac732fb723c50/0x0.jpg?cropX1=0&cropX2=2013&cropY1=397&cropY2=1341 "China’s Exports Rise Amid Global Recovery, Week In Review 3")
