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- ECONOMY
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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Ashurst elects London corporate partner Karen Davies as first female chair
Partners at law firm Ashurst have elected London corporate heavyweight Karen Davies as their first female chair. Davies, the firm’s UK…
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A key U.S. inflation gauge rose 3.1% year over year, higher than expected
A key inflation indicator rose 3.1% in April, faster than expected, as price pressures built in the rapidly expanding U.S.…
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On the Jersey Shore, Surf’s Up — Way Up
(Bloomberg Opinion) — In New Jersey’s beach towns, there are two sets of data that always seem to be rising:…
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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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Reuters postpones plans for website paywall after spat with LSE
Reuters has postponed plans to introduce a new paywall on its website, after complaints from the London Stock Exchange Group that the move…
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Fed’s Kaplan cites real estate excesses as one reason to start tapering purchases
Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market and other inflation signs as an indication…
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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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Ex-Fieldfisher partner faces tribunal over allegedly backdating documents
A former real estate partner at law firm Fieldfisher is facing a disciplinary tribunal after allegedly backdating documents and signing…
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Brace for more shareholder fights after ‘major shift in power’ against oil giants
Shareholder battles that have rocked two of the world’s biggest oil companies are expected to spill over to other sectors,…
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Ivory Trade Loopholes Close as Nations Race to Crush Poachers
(Bloomberg) — Since the 2000’s, an elephant poaching epidemic has raged across Africa, with populations in some areas decimated and…
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What Does RTO Mean for Our New Pets, Prets and Pelotons?
(Bloomberg Opinion) — What if we can’t work from home forever? Over the last year, countless decisions have been made…
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Chrystia Freeland Is Trying to Supercharge Canada’s Growth
(Bloomberg Markets) — When Chrystia Freeland became Canada’s minister of finance in August, she had a mandate from Prime Minister…
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Can Powell Raise Rates With the Arch of an Eyebrow?
(Bloomberg Opinion) — Accelerate on the way down. Going uphill? Skip the elevator and try the stairs. That could well…
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Florida Cruise Tests Rules; U.K. Opening in Doubt: Virus Update
(Bloomberg) — Royal Caribbean Cruises Ltd. said it had been cleared to resume cruises in the U.S. starting with a…
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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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Is the Vaccine Blood-Clot Problem Fixed?
(Bloomberg Opinion) — The rollout of Covid-19 vaccines developed by AstraZeneca Plc and the University of Oxford and Johnson &…
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Shortage of Asia-Made Jute Bags Threatens Nigerian Cocoa Exports
(Bloomberg) — Nigerian cocoa exporters, which rely on imported jute bags to package their beans, are facing a shortage after…
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Biden to Boast of Economic Rebound That GOP Says He Imperils
(Bloomberg) — President Joe Biden will try to bolster his case for his massive spending proposals on Thursday, arguing his…
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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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Johnson was urged to promote ‘chicken pox’ parties for Covid-19 herd immunity, claims Cummings
Prime Minister Boris Johnson was urged by cabinet secretary Mark Sedwill to tell the British public to hold “chicken pox…
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Florida May Lose Some of Its Boomer Shine
(Bloomberg Opinion) — The scramble to find service workers has been on display among large corporate employers in recent weeks.…
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Engine No. 1’s Exxon Win Provides Boost for ESG Advocates
(Bloomberg) — The rejection of Exxon Mobil Corp.’s management team marks one of the most significant victories for shareholders who…
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Jobs picture continues improvement as unemployment claims slide
The U.S. jobs market edged closer to its pre-pandemic self last week as initial jobless claims totaled just 406,000 for…
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America’s Economic Recovery Isn’t Roaring for Everyone
After more than a year of pandemic, the U.S. economy is roaring back and is now expected to grow by…
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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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A ‘Perfect Storm’ Leaves Hamptons Restaurants Scrambling for Staff
(Bloomberg) — Later this year, the iconic Amagansett seafood shack Lobster Roll will open the first new location in its 55-year history. The outpost will…
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Taiwan Proposes Doubling Extra Stimulus to Boost Ailing Economy
(Bloomberg) — Taiwan’s ruling party said it plans to double a proposed increase in stimulus funding as the economy reels…
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HSBC plans exit from US retail market
HSBC will stop serving mass-market individual customers and smaller businesses in the US, exiting the bulk of a retail business…
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There Are More Signs Supply Shortages Could Stick Around Without Sparking Inflation
(Bloomberg) — With lots of talk about supply shortages right now, there are plenty of concerns that companies will raise…
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Bayer Request to Settle Future Roundup Claims Is Denied by Judge
(Bloomberg) — Bayer AG’s proposal to pay as much as $2 billion to resolve future claims that its Roundup weed…
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Gaza War Queers Israel’s Arab Outreach
(Bloomberg Opinion) — As Israel takes stock of the fourth Gaza war, its new allies among the Gulf Arab states are…
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Australian City Enters Its Fourth Lockdown as Virus Returns
(Bloomberg) — Melbourne, the Australian city that’s already endured one of the world’s longest and most stringent lockdowns, is ordering…
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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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Covid Origin Hunt Ordered by U.S.; EU Rips Astra: Virus Update
(Bloomberg) — President Joe Biden said he ordered the U.S. intelligence community to “redouble” its effort to determine the origin…
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Manchester United, Arsenal Tumbled in Value During Pandemic
(Bloomberg) — It’s been an eventful and largely miserable year for Europe’s biggest soccer clubs and their billionaire owners. The…
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Casino Mogul Steve Wynn Must File as Foreign Agent, U.S. Says
(Bloomberg) — The U.S. Justice Department has told former casino magnate Steve Wynn to register as a foreign lobbyist for…
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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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Bank CEOs Take Punches From Democrats, Warnings From Republicans
(Bloomberg) — Senator Elizabeth Warren called JPMorgan Chase & Co.’s Jamie Dimon “the star of the overdraft show.” Her Democratic…
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It’s Time to Talk About Something and Inflation Isn’t the Right Word for it
…to get something that you can get a handle on, you have to spin up a consumption basket. The idea…
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Downing Street sidesteps questions on whether PM planned to sack Hancock
The prime minister’s spokesperson has declined to deny that Boris Johnson contemplated firing health secretary Matt Hancock in early 2020…
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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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