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- ECONOMY
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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Beyond traditional measures: Examining the holistic impacts of public space investments in three cities
Editor’s note: This brief is part of a three-part series which examines the economic, social, and civic impacts of public…
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Can Robinhood thread the needle for a winning IPO?
Initial public offerings can be a little bit like politics: a decent outcome may be when everyone is only a…
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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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Marriage Madness Across America Has Wedding Costs Soaring
(Bloomberg) — Last week, Kate Zhang snapped up a wedding dress at a bridal store in Manhattan. It was only her…
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Boston’s Biotechs Pull Out All the Stops in Frenzied Hiring Boom
(Bloomberg) — Boston’s biotech companies are flush with cash. There’s just one problem: It’s harder than ever to hire people.…
Read More » - Finance
Jumping prices and the ghost of 2013’s market meltdown loom over the Fed.
Federal Reserve officials are gathering in Washington this week with monetary policy still set to emergency mode, even as the…
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ECB’s Governing Council Member De Cos Says Uncertainty in Euro Area Very High: Interview
(Bloomberg) — Following is a transcript of a written interview with European Central Bank Governing Council member Pablo Hernandez de…
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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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Tech Giants’ Record Quarter Gives Way to Growth Skepticism
(Bloomberg) — Three of the world’s largest companies — Apple Inc., Microsoft Corp. and Alphabet Inc. — reported about $57…
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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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Video: I.M.F. Sticks With 6 Percent Global Growth Forecast
new video loaded: I.M.F. Sticks With 6 Percent Global Growth Forecast transcript Back transcript I.M.F. Sticks With 6 Percent Global…
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The chairman of a House coronavirus subcommittee vows to investigate eviction practices by corporate landlords.
Just days before the federal moratorium on evictions is set to expire, lawmakers scrutinized the actions of corporate landlords that…
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The Fed could sound more worried about the virus and less ready to tighten policy
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on…
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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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No Crabs, No Scallops: Seafood Is Vanishing From Menus in U.S.
(Bloomberg) — At the Clam, there are no scallops. Prices went “crazy,” says Mike Price, who co-owns the Greenwich Village…
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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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The collapse of Archegos shows how important it is to understand data
Extreme liquidity, combined with high levels of market volatility and high-tech valuations, can make a lethal cocktail. The collapse of…
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FCA puts size limit on UK Spacs as investors are in line for greater protections
Investors must be allowed to exit a special purpose acquisition company early if it wants to benefit from a smoother regulatory…
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The Travel Industry’s Reckoning With Race and Inclusion
“These road trips and initiatives that speak to people of color in general are important because we’ve been left out…
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Utah Farm Draws a Rare Breed: The American Shepherd
DIXIE NATIONAL FOREST, Utah — “The object is to keep ’em grazing,” Scott Stubbs said as he looked over the…
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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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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…
Read More » - Finance
Inflation Has Arrived, but Washington Isn’t Racing to Limit Price Pops
Prices have risen by more than Fed officials expected, based on both their public statements and their economic projections from…
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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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