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- ECONOMY
Qualcomm Gives Upbeat Forecast, Lifted by 5G Smartphone Demand
(Bloomberg) — Qualcomm Inc., the world’s largest smartphone chipmaker, delivered a bullish quarterly forecast, helped by the growth of 5G…
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Schools Brace for a Chaotic Reopening With Delta Raging
(Bloomberg Businessweek) — The beginning of the school year is imminent, and superintendents around the country aren’t sweating bus schedules and…
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Republicans Threaten to Oppose Treasury Picks Over Nord Stream 2
(Bloomberg) — Senator Pat Toomey and 11 other Republicans on the Senate Banking Committee are threatening to block two Treasury…
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BlackRock Support Sought in Bid to End 5-Month Coal-Mine Strike
(Bloomberg) — Coal miners from states including Alabama and West Virginia picketed outside BlackRock Inc.’s New York headquarters Wednesday in…
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Fast Internet Everywhere Could Add $160 Billion to U.S. Economy
(Bloomberg) — The U.S. economy stands to gain $160 billion a year in extra output from a successful national high-speed…
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U.S. Residents Search ‘Loss of Taste’ Online as Delta Spreads
(Bloomberg) — Internet searches for “loss of taste” and “loss of smell” — common symptoms of Covid-19 — are on…
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Covid Fears Give Way to Biles’s Unseen Injury in Tokyo
(Bloomberg Opinion) — Leading into the Tokyo Olympics, Covid-19 was understood to be a key danger for athletes, officials and the local community.…
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Biden’s ‘Summer of Joy’ Turns Grim as Delta Infections Skyrocket
(Bloomberg) — President Joe Biden promised a “summer of joy” on July 4 as he declared America’s independence from Covid-19.…
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Why ‘Delisting’ Is a Worry in China-U.S. Market Mess: QuickTake
(Bloomberg) — The value of Chinese stocks listed on American exchanges has fallen sharply in recent days, as Beijing clamped…
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South Korea, Thai Case Record; Sydney Lockdown: Virus Update
(Bloomberg) — South Korea and Thailand both announced record daily infections as the coronavirus continues to spread in Asia. Sydney’s…
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Rails, Nails and Bails Win Over the Olympic Spirit
(Bloomberg Opinion) — The International Olympics Committee has won some street cred after a handful of new sports immediately captured global attention.…
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J&J Faces Lawsuit by Black Women Over Baby Powder and Cancer
(Bloomberg) — Johnson & Johnson was sued for allegedly marketing baby powder to Black women even though it knew the…
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Microsoft Sales, Profit Gain; Shares Drop on Azure Concern
(Bloomberg) — Microsoft Corp. reported sales and profit that exceeded analysts’ estimates for a 10th straight quarter, though investor optimism…
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This Type of Day Is Price of Progress in Post-Pandemic Stocks
(Bloomberg) — The Nasdaq 100 Index trades for 38 times earnings. Abby Joseph Cohen says it’s a market with “no…
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Microsoft Posts Sales, Profit Gain; Shares Drop on Azure Concern
(Bloomberg) — Microsoft Corp. reported sales and profit that exceeded analysts’ estimates for a 10th straight quarter, though investor optimism…
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Inflation Is Getting Worse for Manufacturers
(Bloomberg Opinion) — Supply-chain pressures and rising costs are threatening to take a real bite out of the industrial recovery. …
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Champagne With No Bubbles? Thank Climate Change
(Bloomberg) — The sparkle in great Champagne is known all over the world. So why is the region increasingly making…
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Bitcoin Steadies After Foray Past $40,000 on Amazon Speculation
(Bloomberg) — Bitcoin held below $40,000 after Amazon.com Inc. pushed back against speculation it will accept the token for payments…
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More Democrats Equal More Power for Republicans in Texas Math
(Bloomberg) — Texas has won two new congressional seats thanks to a surge in the population of people of color,…
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Fed Will Punt on the Economy, Inflation and Asset Prices
(Bloomberg Opinion) — With few expecting the Federal Reserve to begin tapering when it announces the outcome of its latest…
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BNY-Backed Crypto Platform Fireblocks Seals Its Unicorn Status
(Bloomberg) — Fireblocks has raised $310 million in a series D round that values the digital-asset platform at $2 billion,…
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TPG Raises $5.4 Billion for Climate Fund Chaired by Hank Paulson
(Bloomberg) — TPG has brought in $5.4 billion for its climate investing strategy, making it one of the biggest sustainability-focused…
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China’s Top Legislature Mulls New Laws for Hong Kong, Macau
(Bloomberg) — Chinese top legislative body will discuss imposing new laws on Hong Kong and Macau next month, the official…
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Vaccine Pressure Grows as Patience Runs Thin for U.S. Employers
(Bloomberg) — As a resurgence in Covid-19 cases prompts more U.S. employers to require vaccinations, workers who object face a…
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The Blockchain Is Starting to Live Up to Its Potential
(Bloomberg Opinion) — The divide is wide between people who say cryptocurrency will transform society and those who find no…
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Artificial Intelligence Could Dramatically Speed Up Climate Action
Technological solutions to climate change can be put into two categories. Vertical solutions that tackle pollution in one sector, say low-carbon…
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Capitalists Are No Longer Welcome in China’s Classrooms
(Bloomberg Opinion) — There were plenty of signs that an assault on China’s for-profit tutoring was coming. But few predicted that Beijing…
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Two IPOs Reveal Gen Z’s Vision of Banking
(Bloomberg Opinion) — India’s biggest-ever initial public offering can’t be chalked up solely to the zeitgeist. Like most markets, irrational…
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The Remote-Work Czar Is the New Shortcut to the C-Suite
(Bloomberg Businessweek) — Ask a college senior, and “vice president of productivity and remote experience” probably isn’t on her list…
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Nickel Nears Seven-Year High With Metals Rising on Demand Bets
(Bloomberg) — Nickel rose for a third straight session, approaching a seven-year high on booming demand for the metal used…
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Intel Pledges to Retake Innovation Crown, Changes Yardstick
(Bloomberg) — Intel Corp., playing catch-up in semiconductor technology after losing its long-held dominance, vowed to become the industry leader…
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Will Business Travel Come All the Way Back?
(Bloomberg Opinion) — Airline CEOs are increasingly bullish about the business travel recovery. Other S&P 500 CEOs aren’t so sure.…
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Activision Blizzard Staff Sign Petition Supporting Labor Lawsuit
To the Leaders of Activision Blizzard, We, the undersigned, agree that the statements from Activision Blizzard, Inc. and their legal…
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Motorcycle Theft Has Skyrocketed. Here’s How to Keep Your Bike Safe.
(Bloomberg) — For motorcycle enthusiasts nationwide, the coronavirus pandemic has been both a boon and a hardship. In the United…
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Ex-Fraud Prosecutor Nominated to Be the U.S. Attorney in D.C.
(Bloomberg) — Matthew Graves, an ex-fraud and public-corruption prosecutor, has been nominated by President Joe Biden to serve as the…
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Chipotle, Shake Shack Test Limits of America’s Fast-Food Love
(Bloomberg Opinion) — Covid-19 turned the U.S. into a takeout-food nation. Companies that have seized on the pickup and delivery trend — such as…
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‘Unprecedented Spike’ in U.S. Evictions Looming as Ban Expires
(Bloomberg) — A federal ban on evictions is set to expire at the end of July, and this time it’s…
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How Trump Hijacked His Party’s Best Resources
How is Donald Trump, six months out of office, able to wield so much influence within the Republican Party? A…
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Oil Giants Hunt for That One Last Big Hit Along Coast of Brazil
(Bloomberg) — If an energy transition is underway around the world, it hasn’t reached the streets of Ilha da Conceicao,…
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Passports for Pubs, Mandatory Shots: Europe Ramps Up Covid Fight
(Bloomberg) — Covid-19 vaccination rates are rising across Europe, restaurants and bars are reopening, people are traveling for work and leisure, and…
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Credit Suisse Brain Drain Hits Investment Bank in Top Deals Year
(Bloomberg) — When a U.S. insurer indicated it was looking to sell its European business earlier this year, Credit Suisse…
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Powell, Whatever You Do, Don’t Say the “T” Word
(Bloomberg Opinion) — It’s pretty unusual for a central banker in a consequential economy to get outflanked by politicians. That is…
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Fauci Warns on Path of Covid; Nations Set Curfews: Virus Update
The top U.S. infectious disease expert, Anthony Fauci, warned that the nation is moving in the “wrong direction” in combating…
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Early Crypto Mogul Says China Crackdown May Lead to Outright Ban
(Bloomberg) — China’s crackdown on cryptocurrencies will probably intensify and may even lead to an outright ban on holding the…
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The Big Question: Will the Taliban Rule Afghanistan Again?
(Bloomberg Opinion) — This is one of a series of interviews by Bloomberg Opinion columnists on how to solve the…
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Kominers’s Conundrums: The Olympics of Brainteasers Is Here
(Bloomberg Opinion) — The Olympics are in full swing, and at Conundrums we’re giving you a chance to get in…
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The World’s Cascade of Disasters Is Not a Coincidence
(Bloomberg Opinion) — “It never rains, but what it pours,” sang Judy Garland to Mickey Rooney in 1938, memorably describing…
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Bitcoin Hits Key Level Not Seen Since May Amid Wood, Musk Boost
(Bloomberg) — Bitcoin traded above a crucial technical level over the weekend for the first time since early May, after…
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Australia’s Pfizer Deal; U.K. Premier League Plans: Virus Update
Australia has secured an additional 85 million doses of the Pfizer-BioNTech vaccine for delivery from next year and is continuing…
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Fed Officials to Meet, GDP Data Coming Globally: Eco Week Ahead
Federal Reserve officials aren’t expected to signal a reduction in support for the U.S. economy when they meet this week,…
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