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- ECONOMY
Citi Sees the Days of Traders Slamming Phones Coming to an End
(Bloomberg) — The days of traders slamming phones and breaking computers are becoming a thing of the past. Such behavior…
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Biden Nears Big Win as $1.9 Trillion Stimulus Goes to Final Vote
(Bloomberg) — President Joe Biden is on the cusp of his first legislative win with the House ready to give…
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What’s in the $1.9 Trillion Stimulus Bill Passed by the Senate
(Bloomberg) — Senate Democrats passed the latest version of the $1.9 trillion stimulus bill after a more than 24-hour voting…
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Italy Hires McKinsey for EU Recovery Funds, Upsetting Lawmakers
(Bloomberg) — A decision by the government of Italian Prime Minister Mario Draghi to recruit consulting firm McKinsey & Co.…
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Biden’s Quiet Style Belies Ambitions Beyond Undoing Trump Legacy
(Bloomberg) — The new U.S. president starts his days with an early morning workout in the gym of the White…
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CEO of Top Irish Securities Firm Davy Resigns After Scandal
(Bloomberg) — Brian McKiernan, chief executive of Ireland’s biggest securities firm Davy, resigned after regulators accused the company of a…
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Chinese Investors Turn to Bank Stocks as Market Darlings Plunge
(Bloomberg) — China’s most-shunned sector is getting a rare moment in the sun as investors seek shelter from a rout…
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ETFs Show Balance Is Shifting in Favor of Emerging-Market Stocks
(Bloomberg) — If capital flows into U.S. exchange-traded funds are any indication, investors have begun to favor emerging-market stocks over…
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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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What You Don’t Remember About the Taper Tantrum
(Bloomberg Opinion) — The jump in global bond yields this past month has drawn many analogies to the so-called taper tantrum of 2013,…
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Biden Stimulus Faces Lengthy Final Gauntlet of Senate Votes
(Bloomberg) — Senate Democrats face a gauntlet of Republican attempts to rein in President Joe Biden’s $1.9 trillion stimulus package…
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I Wrote a Book on Chinese History. It Was Stolen By Pirates on Alibaba
(Bloomberg Opinion) — I’m a victim of Chinese pirates. Not the seafaring cutthroats with parrots on their shoulders. The treasure…
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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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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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U.S. Senate Votes to Take Up $1.9 Trillion Pandemic Relief Bill
(Bloomberg) — The U.S. Senate voted to take up a $1.9 trillion pandemic relief bill backed by President Joe Biden,…
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NYC Investor Spent $1.5 Million on June Democratic Voter Push
(Bloomberg) — More than 22,500 New Yorkers switched to the Democratic Party amid a $1.5 million campaign led by venture…
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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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Biden’s Relief Debate, Fed Policy, U.S.-U.K. Tariffs: Eco Day
The Senate enters the final stages of debating President Joe Biden’s $1.9 trillion pandemic relief bill on Thursday, with passage…
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Australia’s Inward Turn Earns a Faster Rebound Than Expected
(Bloomberg Businessweek) — A year of border closures is making Australia rethink its embrace of globalization. Before Covid, the country’s…
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CLSA Loses More Than Half of Its Hong Kong Bond Sales Team
(Bloomberg) — CLSA Ltd. has lost more than half of its fixed income team that focuses on bond sales in…
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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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Junk Bonds Prove to Be a Shelter From the Rates Storm
(Bloomberg Opinion) — The junk-bond market has never offered such low yields. And yet, it might just be the best…
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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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Now Could Be Buffett’s Moment to Lend America a Hand
(Bloomberg Opinion) — From a new presidential slogan of “Build Back Better” to an economy strained by supply chain problems…
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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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Biden’s State Rescue Dwarfs Tax Hit, Turning It Into Stimulus
(Bloomberg) — Listen to any of the architects of the $1.9 trillion spending package winding its way through Congress —…
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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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Billionaire Fund Manager to Pay $105 Million in NY Tax Case
(Bloomberg) — A billionaire hedge fund manager agreed to pay $105 million to New York, the biggest fine of its…
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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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Bond Tantrum Has Big Silver Lining for Pensions
(Bloomberg Opinion) — As is often the case with large market swings that evoke the specter of a “regime change,” it’s…
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Fed’s Brainard Sets Out Reform Plan for Covid-Stressed Markets
(Bloomberg) — Federal Reserve Governor Lael Brainard described a broad regulatory reform agenda for the coming months aimed at fixing…
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Private Equity Has $300 Billion for Pandemic-Hit Real Estate
(Bloomberg) — Real-estate bosses at Blackstone Group Inc. quietly smiled when Britain’s biggest-selling tabloid unwittingly endorsed their largest European real…
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How Shaun Donovan Would Run New York
(Bloomberg Opinion) — For more interviews in this series, click here. HOWARD WOLFSON: Let me start by asking you, as…
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U.K. Mortgage Approvals Ease as End of Tax Relief Approaches
(Bloomberg) — U.K. mortgage approvals dipped in January as the end of a tax cut on property purchases approached. Banks…
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Wall Street Is Set to Learn How Tough Biden’s Watchdogs Will Be
(Bloomberg) — President Joe Biden’s plans for a new era of tough Wall Street oversight will take center stage this…
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A Property Boom Built on Invisible Slums
(Bloomberg Opinion) — A booming stock market at a time of pandemic recession and widening inequality is an unfortunate combination,…
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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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Conservative Power Couple Wage Legal War on Stolen-Election Myth
(Bloomberg) — A pair of self-described conservative lawyers are leading the fight to shut down the U.S. election conspiracy theory,…
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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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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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Conservative Power Couple Lead the War Against Disinformation
(Bloomberg) — A pair of self-described conservative lawyers are leading the fight to shut down the U.S. election conspiracy theory,…
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Crypto Firm Kraken Said to Seek Roughly $10 Billion Valuation
(Bloomberg) — Kraken is in talks to raise new funding in a move that would more than double the cryptocurrency…
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Democrats Eye Permanent Child Credit Expansion: Stimulus Update
(Bloomberg) — Democratic lawmakers said they’d work on making the expanded child tax credit in President Joe Biden’s $1.9 trillion…
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Inflation Is Uncontainable But Not Inevitable
(Bloomberg Opinion) — Otherwise intelligent people can be surprisingly wrong about economics. The latest example is the claim that current…
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China Builders Soar on Land Rules Seen to Favor Big Players
(Bloomberg) — Shares of Chinese developers soared after at least two cities released new land sales rules that may benefit…
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Fed’s Digital Dollar Would Look Nothing Like Bitcoin
(Bloomberg Opinion) — Treasury Secretary Janet Yellen recently mentioned the idea of creating a so-called digital dollar — a new…
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Buffett’s Letter to Break Months of Silence Amid Tumult in U.S.
(Bloomberg) — While 2020 raged, Warren Buffett mostly held his tongue. He stayed quiet through a heated presidential election, a…
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A Trump Tax Break Kicked Off a Race to Redraw U.S. Census Maps
(Bloomberg) — In hockey, it’s the equivalent of moving the red line. Two years ago, the Pittsburgh Penguins, along with…
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The Fed May Need to Head Off a Money-Market Mess
(Bloomberg Opinion) — Investors are worried that a flood of cash could soon disrupt U.S. money markets, as the Treasury…
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