US
- ECONOMY
U.S. Count Eases; India Reports Record Death Toll: Virus Update
The U.S. looks set for its first week since mid-September in which daily coronavirus cases have not exceeded 50,000. India…
Read More » - 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…
Read More » - ECONOMY
GOP’s Voting Curbs Show Long Reach of 2013 Supreme Court Ruling
(Bloomberg) — Republicans across the U.S. can thank the Supreme Court and Chief Justice John Roberts as they enact the…
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Stay-at-Home Americans Sow White House Angst on Big Jobs Miss
(Bloomberg) — Portia Roberson says it’s “disheartening.” Employers in Michigan are calling her social services group looking for recruits to…
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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
UN Chief Bids for Second Term Decrying Capitalism’s Failings
(Bloomberg) — United Nations Secretary-General Antonio Guterres made his case for a second five year-term by saying that countries need…
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Record Daily Deaths in India; WHO Backs China Jab: Virus Update
India reported more than 4,000 single-day coronavirus deaths for the first time as the nation battles the world’s worst outbreak.…
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Trump DOJ Got Phone Records of 3 Washington Post Reporters
(Bloomberg) — The Trump administration’s Justice Department got telephone records and attempted to get the email records of three Washington…
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N.J. Mulls Cash Incentives; U.K. to Ease Travel: Virus Update
New Jersey Governor Phil Murphy said he is considering cash incentives to lure people to get vaccinated. New York City…
Read More » - ECONOMY
Arthur J. Gallagher Is in Talks to Buy Aon, Willis Assets
(Bloomberg) — Insurance brokerage Arthur J. Gallagher & Co. is in talks to buy a portfolio of assets from Aon…
Read More » - Market
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…
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…
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Theranos Judge Wrestles With How Holmes Played to the Media
(Bloomberg) — A judge is grappling with a request by U.S. prosecutors to add news articles about Theranos Inc. back…
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NYC Teachers Union Sticking by Stringer Calls Treatment ‘Unfair’
(Bloomberg) — The decision by New York City’s largest teachers union to stand by mayoral hopeful Scott Stringer as he…
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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…
Read More » - Tech
What the battle between Epic Games and Apple could mean for you
By Frederike Kaltheuner Michelle Durbano The future of the rules used to regulate big tech companies hangs in the balance.…
Read More » - ECONOMY
New Airline’s Plan to Hire College Kids on Flights Gets Pushback
(Bloomberg) — After decades of starting successful airlines and dreaming up new ways to operate them, David Neeleman is again…
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Brazil and India Need Their Own Operation Warp Speed
(Bloomberg Opinion) — Covid-19 is crushing developing countries such as India, Brazil and South Africa, and it won’t help to…
Read More » - ECONOMY
New Airline’s Plan for College Kids on Flights Gets Pushback
(Bloomberg) — After decades of starting successful airlines and dreaming up new ways to operate them, David Neeleman is again…
Read More » - ECONOMY
Election Watchdog Closes Trump Case on 2016 Payment to Porn Star
(Bloomberg) — The Federal Election Commission deadlocked on continuing the inquiry into the payoff of an adult film star who…
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What It Would Mean for Big Pharma if Vaccine IP Rights Are Waived
(Bloomberg) — A proposal at the World Trade Organization to lift intellectual property protections for makers of Covid-19 vaccines got…
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NYC Floats Tourist Vaccines With U.S. Summer Ahead: Virus Update
(Bloomberg) — New York’s mayor said the city is in talks to offer free vaccines to visitors as a way…
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McKinsey Targeted by School Districts Over Opioid-Related Costs
(Bloomberg) — McKinsey & Co. faces Kentucky and West Virginia school districts’ lawsuits alleging the company’s work for opioid makers…
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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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Wall Street Giants Get Swept Up by India’s Brutal Covid Wave
(Bloomberg) — About 8,300 miles east of Wall Street, on a stretch of Bangalore’s Outer Ring Road, sits what was…
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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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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 » - Market
Chinese Tourists Take 230 Million Domestic Trips During Labor Day Holiday
Air Travelers Wear Masks as a Precaution against Covid-19 istock Key News Asian equities were mostly higher overnight except for…
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Could the Next Space Station Be a Hotel?
(Bloomberg Opinion) — In 1967, Barron Hilton, the future head of Hilton Hotels Corp., turned up at an American Astronautical…
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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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Broken Ventilators Add Momentum to ‘Right to Repair’ Movement
(Bloomberg Businessweek) — A recall of an electrosurgical device wouldn’t normally cause panic for Ilir Kullolli. As the director of…
Read More » - ECONOMY
U.S. and Russia Are on a Collision Course in the Black Sea
(Bloomberg Opinion) — Ukrainians breathed a collective sigh of relief last month when Russian President Vladimir Putin said he would…
Read More » - Health
How scientists are using a ‘romantic solution’ to save endangered white abalone
White abalone – whose flesh is a delicacy and polished shell is prized as mother of pearl – are threatened…
Read More » - ECONOMY
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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Vaccines Work On This India Variant. Experts Fret About The Next
(Bloomberg) — The good news is that the vaccines work against a new virus strain circulating in India that’s spread…
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Here Comes the Covid-19 Community Corps and They Want You
(Bloomberg) — Just 35 million to go. The U.S. has already inoculated 146 million adults against Covid-19 in the most…
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Elizabeth Holmes’s Lawyers Attack Prosecution’s Expert Witness
(Bloomberg) — Lawyers for Elizabeth Holmes attacked the credibility of an Ivy League medical school professor who prosecutors want to…
Read More » - ECONOMY
Rents Soar for Millions of Americans as Threat of Eviction Looms
(Bloomberg) — Rents are soaring in many U.S. cities as the economy rebounds, squeezing the budgets of tenants who also…
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Stefanik’s Rise in House GOP Power Fueled by Loyalty to Trump
(Bloomberg) — New York Republican Representative Elise Stefanik, who is poised to replace Wyoming’s Liz Cheney as chair of the…
Read More » - Market
Asian Investors Await China Reopening
SHANGHAI, CHINA – MAY 5, 2021 – The giant dome above the interior space of the Shanghai South … [+]…
Read More » - ECONOMY
TripActions Buys Reed & Mackay for ‘White Gloves’ Travel Service
(Bloomberg) — TripActions Inc., a corporate travel and expense management company, has acquired London-based Reed & Mackay Travel Ltd. to…
Read More » - ECONOMY
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…
Read More » - ECONOMY
Let’s Raffle Off Congressional Seats
(Bloomberg Opinion) — Measured by the 2020 U.S. census, New York State deserves 26.56 seats in the House of Representatives. But…
Read More » - ECONOMY
The ‘Department Store of the Future’ Plots New Course
(Bloomberg) — Neighborhood Goods opened its first store in 2018 to lots of fanfare, with retail observers touting its assortment…
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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.…
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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…
Read More » - ECONOMY
Amazon Work Rules Govern Tweets, Body Odor of Contract Drivers
(Bloomberg) — The thousands of people driving those ubiquitous Amazon-branded blue vans aren’t employed by the Seattle leviathan. They work for…
Read More » - ECONOMY
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…
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
Why Big Tech Wants (Some) Facial Recognition Rules
(Bloomberg) — The world’s biggest technology companies can usually be counted on to oppose rules reining in new products, but…
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