CONS
- ECONOMY
A Hack Like This Could Start the Next World War
(Bloomberg Opinion) — It may be years before we get the Franz Ferdinand hack, but one cyber attack has the potential…
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Singapore Warms to Electric Cars Two Years After Tesla’s Rebuke
(Bloomberg) — After years of not doing much to foster the uptake of electric cars, Singapore has started to embrace…
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World’s Largest E-Scooter Factory Aims to Make EV Each 2 Seconds
(Bloomberg) — Bhavish Aggarwal surveys the empty 500-acre expanse encircled by neon-painted homes, tiny shrines and mango groves. The high-profile…
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Airlines See Robust Demand for Once-Marginal Routes, FT Reports
Airlines have seen boosted demand for once relatively unimportant destinations, allowing them to mitigate some of the damage done by…
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Forget GameStop. If You Want Real Risk, Invest in Supercars
(Bloomberg Businessweek) — Everyone notices the doors, but few pay much attention to the sills. In 1954, Mercedes-Benz unveiled its…
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Timely GameStop Sale Lifts Senvest Hedge Fund to 60% Return
(Bloomberg) — A hedge fund that was one of GameStop Corp.’s top shareholders gained about 60% in the first two…
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Jalapeño Popper Chicken Is More Interesting Than Any Old Sandwich
(Bloomberg) — Editor’s Note: As more people are working from home, Bloomberg Pursuits is running a weekly Lunch Break column…
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Google Puts Lid on Cookie Jar and Ends an Internet Era
(Bloomberg Opinion) — The cookie is dead. Long live the cookie. Google, the internet search giant, said this week that…
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Microsoft’s $10 Billion Pentagon Deal at Risk Amid Amazon Fight
(Bloomberg) — Microsoft Corp. is in danger of losing a contract to provide $10 billion of cloud computing services to…
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Russia’s Hot IPO Is an $8 Billion Bet On Frugality
(Bloomberg Opinion) — There are few more eloquent expressions of faltering Russian living standards than the rise and rise of…
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The Future of Money Is Digital, But Is It Bitcoin?
(Bloomberg Opinion) — The idea that much of today’s cash use will shift to digital tokens is neither faddish nor outlandish, as…
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UN Security Council Warned of Dire Crisis in Ethiopia’s Tigray
(Bloomberg) — The humanitarian crisis in Ethiopia’s Tigray region continues to deteriorate with the risk of famine and escalating violence…
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Here’s What’s in the Senate’s $1.9 Trillion Stimulus Legislation
(Bloomberg) — Senate Democrats on Thursday released an updated version of the $1.9 trillion stimulus plan that Majority Leader Chuck…
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Texas Watchdog Says Power Grid Operator Made $16 Billion Error
(Bloomberg) — A firm hired to monitor Texas’ power markets says the region’s grid manager overpriced electricity for almost two…
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TWo Airline Titans Weigh In on the Future of Flight
(Bloomberg Opinion) — One year into the Covid-19 pandemic and a few months into the vaccine rollout, demand for air…
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Where Are We in Finding the Coronavirus’s Origin?
(Bloomberg) — More than a year after Covid-19 touched off the worst pandemic in more than a century, scientists have…
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South Korea and Taiwan’s Chip Power Rattles the U.S. and China
(Bloomberg Businessweek) — There’s nothing like a supply shock to illuminate the tectonic shifts in an industry, laying bare the…
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Billionaire Lemann Is Stepping Down From Kraft Heinz’s Board
(Bloomberg) — Jorge Paulo Lemann is leaving the board of Kraft Heinz Co., the giant consumer company he helped put…
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With Michaels Buyout, Apollo Picked a Weird Time to Get Crafty
(Bloomberg Opinion) — Michaels Cos.’ management has crafted a lucrative exit for shareholders. The arts and hobby supplies chain announced on Wednesday that it had…
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Security Guards Face the Hazardous Job of Enforcing Covid Rules
(Bloomberg Businessweek) — One Sunday last May, Karmen Kolda arrived early for his 11 a.m. shift as a security guard…
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JPMorgan Adds Goldman Dealmaker to Strategic Investors Team
(Bloomberg) — JPMorgan Chase & Co. is hiring Haidee Lee from Goldman Sachs Group Inc. as head of mergers and…
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Regional Bank M&A Won’t Easily Fix the Tech Gap
(Bloomberg Opinion) — Regional U.S. banks are having something of a moment. After M&T Bank Corp. agreed last week to buy…
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Amazon, Google Vie for Piece of India’s Digital Payments Market
(Bloomberg) — Technology giants Facebook Inc., Amazon.com Inc. and Google and credit-card providers Visa Inc. and Mastercard Inc. are among…
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China Investors Await Policy Signals to Boost Faltering Stocks
(Bloomberg) — China’s renewable energy, defense and technology sectors are poised for a boost from the nation’s top political meeting…
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Microsoft Steps Up Push to Bring Virtual Reality to the Masses
(Bloomberg) — Microsoft Corp. unveiled software tools designed to make it easier and less expensive for people to access virtual…
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China’s Nio Misses Profit Forecast Even as Vehicles Sales Grow
(Bloomberg) — Chinese electric-vehicle upstart Nio Inc. posted a wider-than-expected loss in the fourth quarter, a year after a government…
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Escape Artists Accused of Freeing Carlos Ghosn Can’t Evade Reckoning in Japan
(Bloomberg) — Fifteen months after security contractor Michael Taylor smuggled the former Nissan Motor Co. chairman Carlos Ghosn out of…
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South Korea’s Coupang Seeks Up to $3.6 Billion in New York IPO
(Bloomberg) — South Korean e-commerce giant Coupang Inc. is seeking to raise as much as $3.6 billion from an initial…
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How Covid’s Toll Compares With Other Things That Kill Us
At 500,000 and counting, U.S. Covid fatalities are now a lot higher than annual deaths from most of those other…
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Round-the-World Cruises Are Selling Out More Than a Year in Advance
(Bloomberg) — After a year of isolation and lockdowns, four months on a ship is looking pretty good to cruise super fans.…
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Chinese Scientists Find New Strains of African Swine Fever Virus
Chinese scientists have discovered new strains of African swine fever that are milder but highly transmissible, complicating efforts to control…
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The Complete List of Golden Globe Winners
(Bloomberg) — Following is the complete list of winners from Sunday’s Golden Globe Awards in Beverly Hills, California: Best motion…
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London’s West End Turns Dead End as Shoppers Leave Oxford Street
(Bloomberg) — Kate Moss brought London’s Oxford Street to a standstill in 2007 when the supermodel posed at Topshop’s flagship…
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Power Retailers Contest Exorbitant Energy Charges: Texas Update
(Bloomberg) — Texas lawmakers are grilling power executives, regulators and others for a second day about why the state’s energy…
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Why Texas Broke: The Crisis That Sank the State Has No Easy Fix
(Bloomberg Businessweek) — The Houston skyline was lit pink for Valentine’s Day. It was cold—really cold, at least by the…
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Will the 2021 Earnings Bonanza Really Happen?
(Bloomberg Opinion) — Fourth-quarter earnings are just about over, which means investors can officially turn their attention to 2021, a…
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The Simplest Cookie Recipe From One of the World’s Best Chefs
(Bloomberg) — Editor’s Note: As more people are working from home, Bloomberg Pursuits is running a weekly Lunch Break column that highlights…
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Local Hazards Grow as Americans Churn Out More Garbage
(Bloomberg) — As U.S. cities struggle to rein in garbage while propping up pricey recycling efforts, more companies are profiting…
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Birkenstocks Are Following Dr. Martens All the Way to the Bank
(Bloomberg Opinion) — Comfy shoes have never been so hot. L Catterton, the private equity fund backed by LVMH Moet…
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British Airways Parent Posts $9 Billion Loss, Offers No Outlook
(Bloomberg) — British Airways parent IAG SA posted a 7.43 billion-euro ($9 billion) operating loss in 2020 and said it…
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Airbnb Revenue Beats Estimates, Showing Demand Amid Covid Surge
(Bloomberg) — Airbnb Inc. reported revenue in the fourth quarter that blitzed analysts’ estimates, benefiting as people traveled over the…
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Sephora Plans Dozens of U.S. Stores in Bet on Physical Retail
(Bloomberg) — LVMH’s Sephora beauty chain said it will open more than 60 stand-alone U.S. stores this year in addition…
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Deal for Key Metal in EV Revolution Brought Bonanza for Newcomer
A transfer of lucrative cobalt and copper assets by the Democratic Republic of Congo’s state mining company enabled a little-known…
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Biden Team Pressing Taiwan, Allies on Auto Chip Shortfall
(Bloomberg) — President Joe Biden’s top economic adviser, Brian Deese, has sought the Taiwanese government’s help resolving a global semiconductor…
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Rao’s Homemade Owner Sovos Brands Said to Explore Sale, IPO
(Bloomberg) — Private equity firm Advent International is exploring strategic options for Sovos Brands, a food and beverage company with…
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Shot Hailed as Super Effective; J&J Gets Big Win: Virus Update
(Bloomberg) — The shot made by Pfizer Inc. and BioNTech SE was overwhelmingly effective against the virus in a study,…
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How Measuring and Reducing Emissions Has Become Its Own Business
(Bloomberg) — A new startup run by former employees of the payment processor Stripe Inc. will help companies analyze the…
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South Africa Limits Tax Hikes to Virus-Hit Booze and Tobacco
(Bloomberg) — South Africa’s alcohol and tobacco industries, already reeling by coronavirus restrictions that banned the sale of products, are…
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For the Posh, Bentley’s New Flying Spur Is Practically Pious
(Bloomberg) — Bentley isn’t the first brand that springs to mind when it comes to green driving. Tesla and Toyota…
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Luxury Ride-Hailing App Pivots to Middle East as Lockdowns Bite
(Bloomberg) — A luxury ride-hailing app operating in Moscow, London and Paris is expanding into the Middle East as a…
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