TEC
- 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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Signal Jabs at Facebook and Navigates Growing Pains as Popularity Surges
Current and former staffers, who asked not to be identified either because of concerns of breaching confidentiality agreements or professional…
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What Is Amazon Trying to Be?
(Bloomberg Opinion) — Jeff Bezos might as well join the crowd and call it Amazon+. No other company’s calculus is…
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India Says Twitter Tries to ‘Dictate Terms’ in Largest Democracy
(Bloomberg) — The Indian government accused Twitter Inc. of attempting to “dictate terms to the world’s largest democracy” and “defame…
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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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Digital Bank Upstarts Are Years Away From Profits in Hong Kong
(Bloomberg) — Hong Kong’s virtual banks are facing years of red ink on the bottom line after making limited inroads…
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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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It’s a Horrible Time for ‘Just in Time’ Business Models
Joe:What does the typical market look like? Brian:Well, you know, like sitting here today, I would die to go back to like…
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Bank CEOs Get Rebuke From Waters Over Overdraft Fees, Gaps in Lending
(Bloomberg) — House Financial Services Committee Chairwoman Maxine Waters rebuked Wall Street CEOs for charging overdraft penalties during the pandemic…
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Google, Shopify Extend Ties in Commerce Blitz Against Amazon
(Bloomberg) — Google is pushing further into e-commerce with new tools and partnerships with Shopify Inc., Square Inc. and others…
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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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Cathie Wood’s Bad Spring Is Only a Blip When the Future Is So Magnificent
(Bloomberg Businessweek) — In the weirdest year of our lives, the rise of Cathie Wood is hardly the weirdest thing…
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A Message to Clean Tech Entrepreneurs: You Are Still Not Late
A week ago, U.S. President Joe Biden signed an executive order urging his administration to create a comprehensive strategy on climate-related…
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What Climate Science Loses Without Enough Black Researchers
(Bloomberg) — Vernon Morris had often felt invisible in a profession defined by observation. As a climate scientist, he’s encountered racist…
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SoftBank’s Top 8 Executives Made $64 Million After Record Profits
(Bloomberg) — SoftBank Group Corp. once again demonstrated its willingness to pay the highest compensation in Japan, with eight top…
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Snowflake Declines on Forecast for Slowing Product Sales Growth
(Bloomberg) — Snowflake Inc., a software company that debuted with 2020’s biggest U.S. public offering, said product sales will grow…
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What’s the Point of the Office Again?
(Bloomberg Opinion) — Over the past few weeks, I’ve spoken with managers and employees about returning to the workplace. Behind…
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Icahn on Inflation, Investing, and What He Misses About NYC: Q&A
(Bloomberg) — Billionaire investor Carl Icahn has been a hard-charging shareholder activist for decades. At 83 years of age, he…
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Is the 5G Race Worth Winning? Amazon Laughs.
(Bloomberg Opinion) — The winners of the 5G race won’t necessarily be the wireless carriers building America’s new high-speed networks…
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WhatsApp Sues India Government Over New Internet Rules
(Bloomberg) — Facebook Inc.’s messaging platform WhatsApp has filed a lawsuit challenging Indian rules that would require the company to…
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AI Fund That Was Trouncing Market Is Derailed by Tech Bets
(Bloomberg) — A machine-guided fund that roared ahead of the market at the start of the year is being derailed…
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Fed Aims to Radically Transform Funding Markets
(Bloomberg Opinion) — At the highest level, it looks as if the Federal Reserve hasn’t done much of anything for…
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Google Faces Sweeping German Antitrust Probes Into Data Terms
(Bloomberg) — Google’s market power and control over users’ data faces intense scrutiny in Germany as the nation’s antitrust watchdog…
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Transcript: Daniela Gabor on the Drawbacks of the ESG Boom
(Bloomberg) — It’s no secret that ESG investing has become a big business with tons of money flowing into businesses…
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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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Brainard Lays Out Cost Benefits of Central Bank Digital Currency
(Bloomberg) — The Federal Reserve is stepping up its research on digital currencies, Governor Lael Brainard said, amid growing demand…
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Banking Tech Startup Is Unicorn With $250 Million From SoftBank
(Bloomberg) — Banking technology provider Zeta raised $250 million from SoftBank Vision Fund II at a valuation of $1.45 billion,…
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Ferrari Pitches $500,000 Hybrid Supercar as a Bargain for Daily Driving
(Bloomberg) — The main thing Ferrari will tell you about the 2021 Ferrari SF90 Stradale is how much of a…
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The Economy Is Booming. Why Don’t Firms Believe It?
The basic idea is that changes in the level of investment impact the level of present consumption at the same…
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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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ByteDance’s Chief Rival Kuaishou Reveals 37% Sales Growth
(Bloomberg) — Kuaishou Technology reported a 37% gain in quarterly revenue, after TikTok-owner ByteDance Ltd.’s biggest Chinese rival delved deeper…
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Return to Work? I Want to Trade in Crypto!
(Bloomberg Opinion) — Who doesn’t want financial freedom? Day jobs can strain your back and put stress on your mental…
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Inside the Race to Avert Disaster at China’s Biggest ‘Bad Bank’
(Bloomberg) — It was past 9 p.m. on Financial Street in Beijing by the time the figure inside Huarong Tower…
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Immigrant Dropouts Are Covid’s Invisible Casualties
(Bloomberg Opinion) — You can lose track of a lot of kids in a pandemic. Last fall, I ran into…
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Solar Storms Are Back, Threatening Power Grids and Satellites
(Bloomberg) — A few days ago, millions of tons of super-heated gas shot off from the surface of the sun…
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Solar Storms Are Back, Threatening Life as We Know It on Earth
(Bloomberg) — A few days ago, millions of tons of super-heated gas shot off from the surface of the sun…
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Summers Says Crypto Has Chance of Becoming ‘Digital Gold’
(Bloomberg) — Former U.S. Treasury Secretary Lawrence Summers said cryptocurrencies could stay a feature of global markets as something akin…
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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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TRANSCRIPT: Aaron Lammer On Yield Farming, DeFi, And Ethereum
Aaron: I loved when you when you brought up Sushiswap there. Cause I’m not sure I had actually ever heard Hayden…
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Byron Allen Goes to Court Again to Battle for Black-Owned Media
(Bloomberg) — Byron Allen, the onetime stand-up comic turned all-around media mogul, is a man on a mission. The TV…
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Snap, Rivals Power AR Advertising Boom to Woo Homebound Shoppers
(Bloomberg) — When American Eagle Outfitters Inc.’s in-person sales took a hit from the Covid-19 pandemic last year, the retailer decided…
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SoftBank’s First Female Director to Leave After Challenging Son
(Bloomberg) — SoftBank Group Corp. director Yuko Kawamoto plans to resign from the company’s board in June, removing an outspoken…
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SoftBank Director Who Challenged Son Is Leaving After One Year
(Bloomberg) — SoftBank Group Corp. director Yuko Kawamoto plans to resign from the company’s board in June, removing an outspoken…
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Key Areas Traders Watch Out for as Taiwan Lockdown Risk Looms
(Bloomberg) — Taiwan’s collapse from one of the world’s most successful Covid-19 containment stories rattled investors last week. Now, as…
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Biden Team Seeks Chip Information Sharing to Ease Supply Crunch
(Bloomberg) — Commerce Secretary Gina Raimondo said the Biden administration is exploring how to help semiconductor producers and buyers share…
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India Inc.’s Profits Won’t Survive Costs, Covid
(Bloomberg Opinion) — Lately, India has had very little to smile about. Something that Colgate-Palmolive Co.’s tepid growth in the…
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N.Y. Offers Lottery Tickets; EU Backs Certificates: Virus Update
(Bloomberg) — New York state will offer $20 scratch-off lottery tickets as a vaccine incentive, with a maximum payout of…
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Stay or Move to U.K.? Hong Kong Locals Face Hard Choice as China Reshapes City
(Bloomberg) — They’ll miss their parents, their favorite hiking spots and the chatter of their mother tongue on the streets. Some…
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More and More `Normies’ of Finance Are Getting ETH-Pilled
As a “normie” in the traditional finance world, I’m trying to remain intellectually open to the crypto space. There are…
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