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- ECONOMY
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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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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IBM Expands Hybrid Cloud Service, Targeting Banks, Health Care
(Bloomberg) — International Business Machines Corp. has publicly released its hybrid cloud service, furthering its plan to pivot the business…
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J&J’s Covid Vaccine Could Protect Millions — If People Take It
(Bloomberg) — Johnson & Johnson’s Covid-19 vaccine could protect millions more Americans from contracting the coronavirus. The key will be…
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Teacher Vaccine Eligibility Expands in States Where Supply Lags
(Bloomberg) — Within weeks, teachers in most U.S. states will be eligible for Covid-19 vaccines. It’s unclear whether school openings…
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This Company Helps Roughnecks Find Renewable Energy Jobs
(Bloomberg) — Alfred Burt grew up following his father across the oil patches of Texas. He carried on the family tradition,…
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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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Big Oil’s Net-Zero Plans Show the Hard Limits of Carbon Offsets
If you can’t pay the interest on your debts, an IOU isn’t going to be enough to save you from…
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Private Equity Has $300 Billion War Chest for Covid-Hit Property
(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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Wall Street Forecasts for U.S. Economy Depend on Services Hiring
(Bloomberg) — Wall Street’s most bullish economic forecasts hang on a simple prediction: everybody will flood back soon to their…
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Biden Putting Tech, Not Troops, at Center of U.S.-China Strategy
(Bloomberg) — The Biden administration is moving to put semiconductors, artificial intelligence and next-generation networks at the heart of U.S.…
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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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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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Voting Rights Challenged at Supreme Court as States Change Rules
(Bloomberg) — Voting-rights advocates are worried as the U.S. Supreme Court prepares to hear arguments in an Arizona case that…
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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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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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J&J Shot Clear for Distribution; Cuomo Under Fire: Virus Update
Johnson & Johnson’s one-shot Covid-19 vaccine was cleared for distribution after U.S. Centers for Disease Control and Prevention Director Rochelle…
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Want Fries With That Recovery? Why Services Are Key to Economy
(Bloomberg) — Wall Street’s most bullish economic forecasts hang on a simple prediction: everybody will flood back soon to their…
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How Past Vaccine Races Can Help Win This One
(Bloomberg Opinion) — “The vaccine works. It is safe, effective, and potent.” In 1955, those were the words that told…
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U.S. Clears J&J Vaccine; Brazil Capital Locks Down: Virus Update
Johnson & Johnson’s coronavirus vaccine was cleared for use in the U.S., making a third shot available that could plug…
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Bed Bugs Shied Away With Less Pandemic Travel. They’re Not Gone
They latch onto clothes and luggage in search of human blood. But less travel during the Covid-19 pandemic has helped…
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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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J&J Gets Initial U.S. Approval; CDC Issues Warning: Virus Update
(Bloomberg) — Johnson & Johnson’s single-shot coronavirus vaccine won the backing of a panel of U.S. government advisers, paving the…
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Biden’s Hopes for Rare Earth Independence at Least a Decade Away
(Bloomberg) — Joe Biden’s ambition to make the U.S. less dependent on other nations for rare earths and minerals critical…
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From Chicago to Geneva, Bonds Blowing Up Captivated Everyone
(Bloomberg) — Thomas Costerg doesn’t usually go to bed with a computer, but he couldn’t help himself Thursday night after…
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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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Israeli-Owned Cargo Ship Struck by Explosion in Persian Gulf
(Bloomberg) — An unexplained blast struck an Israeli-owned cargo ship in the Persian Gulf, at a time of rising frictions…
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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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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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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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Bond Rout Shows Risk of Uneven Recovery in World’s Top Economies
(Bloomberg) — The U.S. economy appears primed to recover from the Covid-19 slump much faster than others, causing havoc on…
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Judge in Google Case Disturbed That Even ‘Incognito’ Users Are Tracked
(Bloomberg) — When Google users browse in “Incognito” mode, just how hidden is their activity? The Alphabet Inc. unit says…
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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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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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Is News of U.S. Virus Variants Too Much, Too Soon?
(Bloomberg) — While the U.S. has focused on SARS-CoV-2 variants arriving from across the globe, homegrown strains reported to be…
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AT&T Cuts the Cord Before More Customers Do
(Bloomberg Opinion) — If AT&T Inc. starts to look like it’s standing a bit taller, that’s the result of it…
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Dell, HP Say PC Surge to Continue Even in Return to School, Work
(Bloomberg) — Dell Technologies Inc. and HP Inc. reported earnings buoyed by a resurgent personal computer demand they projected will…
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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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California Deaths Hit 50,000; NYC School Cases Low: Virus Update
(Bloomberg) — President Joe Biden said the federal government will distribute Johnson & Johnson’s vaccine as fast as the company…
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Here Are Some of the Top Republicans Not Attending CPAC This Year
(Bloomberg) — When the annual Conservative Political Action Conference kicks off Thursday night, a highlight of the Republican Party’s calendar,…
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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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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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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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U.S. Companies Start to Flex Pricing Power in First Test for Fed
(Bloomberg) — U.S. consumer prices are headed higher -– at least according to the people who set them. Corporate leaders…
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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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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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