business
- ECONOMY
An Island Tax Haven Shows How Brexit Fight Over Fish Isn’t Over
(Bloomberg) — From his restaurant at an old Nazi military bunker on Jersey’s rocky northwest coast, former fisherman Sean Faulkner…
Read More » - ECONOMY
U.S. Count Eases; India Reports Record Death Toll: Virus Update
The U.S. looks set for its first week since mid-September in which daily coronavirus cases have not exceeded 50,000. India…
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Colonial Is Just the Latest Energy Asset Hit by Cyber-Attacks
(Bloomberg) — A cyber-attack has never taken down a U.S. fuel pipeline quite as big as the Colonial Pipeline. It’s…
Read More » - ECONOMY
Google’s Main Business Could Use Some Moonshots
(Bloomberg Opinion) — When Google renamed itself Alphabet Inc. in 2015, co-founder Larry Page revealed that one of the new…
Read More » - ECONOMY
Chrissy Teigen’s Mom Turns Up the Flavor on Tea Sandwiches
(Bloomberg) — Editor’s Note: As more people are working from home, Bloomberg Pursuits is running a weekly Lunch Break column…
Read More » - ECONOMY
Stay-at-Home Americans Sow White House Angst on Big Jobs Miss
(Bloomberg) — Portia Roberson says it’s “disheartening.” Employers in Michigan are calling her social services group looking for recruits to…
Read More » - ECONOMY
Jeff Bezos’s New Superyacht Heralds Roaring Market for Big Boats
(Bloomberg) — Even in the ostentatious world of superyachts, project Y721 stands out. When completed, it will be 127 meters…
Read More » - ECONOMY
UN Chief Bids for Second Term Decrying Capitalism’s Failings
(Bloomberg) — United Nations Secretary-General Antonio Guterres made his case for a second five year-term by saying that countries need…
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Record Daily Deaths in India; WHO Backs China Jab: Virus Update
India reported more than 4,000 single-day coronavirus deaths for the first time as the nation battles the world’s worst outbreak.…
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Trump DOJ Got Phone Records of 3 Washington Post Reporters
(Bloomberg) — The Trump administration’s Justice Department got telephone records and attempted to get the email records of three Washington…
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N.J. Mulls Cash Incentives; U.K. to Ease Travel: Virus Update
New Jersey Governor Phil Murphy said he is considering cash incentives to lure people to get vaccinated. New York City…
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Arthur J. Gallagher Is in Talks to Buy Aon, Willis Assets
(Bloomberg) — Insurance brokerage Arthur J. Gallagher & Co. is in talks to buy a portfolio of assets from Aon…
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Elon Musk on SNL Spurs Dogecoin Watch Parties After 20,000% Gains
(Bloomberg) — They’ll be setting up taco bars, monitoring price movements on dedicated screens and taking a drink every time…
Read More » - Market
Jeff Bezos’ Blue Origin to launch first space tourism passengers on July 20 and auction off a seat
A New Shepard rocket launches on a test flight. Blue Origin Jeff Bezos’ space venture Blue Origin will launch its…
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Theranos Judge Wrestles With How Holmes Played to the Media
(Bloomberg) — A judge is grappling with a request by U.S. prosecutors to add news articles about Theranos Inc. back…
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NYC Teachers Union Sticking by Stringer Calls Treatment ‘Unfair’
(Bloomberg) — The decision by New York City’s largest teachers union to stand by mayoral hopeful Scott Stringer as he…
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What We Learned Today About the U.S. Economic Recovery
(Bloomberg Opinion) — The April jobs report was expected to show more than 1,000,000 new jobs. Instead, it announced one of…
Read More » - ECONOMY
Shocking Jobs Miss Rips Up Traders’ Playbooks
(Bloomberg Opinion) — This was supposed to be a U.S. jobs report for the ages. One million more Americans were…
Read More » - Finance
Labor secretary says pandemic is still weighing on economy but confidence is coming back
Labor Secretary Martin Walsh said Friday that the Covid-19 pandemic is still weighing on jobs but projected optimism about recovery…
Read More » - ECONOMY
What Banks and Airlines Can Learn from Funeral Homes
(Bloomberg Opinion) — A few days ago the father of a dear friend died. Because he was of an age,…
Read More » - Finance
KPMG appoints new audit head as senior changes continue
KPMG UK has appointed Catherine Burnet as its new head of audit, replacing Jon Holt, who was elevated to chief…
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New Airline’s Plan to Hire College Kids on Flights Gets Pushback
(Bloomberg) — After decades of starting successful airlines and dreaming up new ways to operate them, David Neeleman is again…
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Brazil and India Need Their Own Operation Warp Speed
(Bloomberg Opinion) — Covid-19 is crushing developing countries such as India, Brazil and South Africa, and it won’t help to…
Read More » - Finance
Allen & Overy swoops on Linklaters for double partner hire
Allen & Overy has made a rare double partner hire from Magic Circle rival Linklaters in London, bringing in two…
Read More » - ECONOMY
New Airline’s Plan for College Kids on Flights Gets Pushback
(Bloomberg) — After decades of starting successful airlines and dreaming up new ways to operate them, David Neeleman is again…
Read More » - ECONOMY
Climate Adaptation Should Be a Public Good, Not an Asset Class
In the run up to the 2020 U.S. election, a meme started making the rounds on Twitter. “Transport is climate policy,”…
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Latin American Candidates Seek Divine Intervention
(Bloomberg Opinion) — God help Peru. As if one of the world’s deadliest outbreaks of Covid-19 and a double-digit economic…
Read More » - Market
Mortgage rates drop to lowest level since mid-February, but economists warn higher rates could come soon
Mortgage rates fell once again, remaining below 3% for the third consecutive week. But home buyers and those looking to…
Read More » - Health
BlackRock at Odds With Warren Buffett’s Berkshire Hathaway Over Disclosures
The world’s largest asset manager is in disagreement with the world’s most famous investor. BlackRock Inc. voted for two shareholder…
Read More » - ECONOMY
What It Would Mean for Big Pharma if Vaccine IP Rights Are Waived
(Bloomberg) — A proposal at the World Trade Organization to lift intellectual property protections for makers of Covid-19 vaccines got…
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NYC Floats Tourist Vaccines With U.S. Summer Ahead: Virus Update
(Bloomberg) — New York’s mayor said the city is in talks to offer free vaccines to visitors as a way…
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Schooled by Crisis, Asian Economies Defy Emerging-Market Label
(Bloomberg) — In the pandemic’s second year, some familiar worries — about inflation, capital flight or public debt — are…
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Billionaire Li Ka-shing Bets on Southeast Asia’s Tech Startups
(Bloomberg) — Hong Kong tycoon Li Ka-shing’s private investment firm Horizons Ventures Ltd. will make Southeast Asia a priority, with…
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McKinsey Targeted by School Districts Over Opioid-Related Costs
(Bloomberg) — McKinsey & Co. faces Kentucky and West Virginia school districts’ lawsuits alleging the company’s work for opioid makers…
Read More » - Health
Biden’s plan would boost conservation of US lands, waters
WASHINGTON (AP) — The Biden administration on Thursday detailed steps to achieve an ambitious goal to conserve nearly one-third of…
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Yale’s Swensen Leaves Legacy of Proteges Across Investing
(Bloomberg) — Before David Swensen started working at Yale in 1985, its portfolio consisted mostly of plain-vanilla stocks and bonds.…
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Biden Tax-Hike Exemption for Farms Pushed by Rural Democrats
(Bloomberg) — House Democrats representing key rural swing districts laid down a marker on President Joe Biden’s proposed tax increases,…
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Wall Street Giants Get Swept Up by India’s Brutal Covid Wave
(Bloomberg) — About 8,300 miles east of Wall Street, on a stretch of Bangalore’s Outer Ring Road, sits what was…
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The Chinese Government Needs to Become a Clean Energy Supermajor
(Bloomberg) — China is turning to its state-owned coal power companies to helm the next stage of the country’s renewables…
Read More » - Market
Florida’s DeSantis signs Republican voting bill that Democrats and critics call un-American
TALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis signed a sweeping elections bill into law Thursday that he and other…
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NYC’s Financial District Condos Pile Up as Office Life Retreats
(Bloomberg) — For both homebuyers and office-seekers, one thing is true about Manhattan’s Financial District: There’s lots of space for…
Read More » - ECONOMY
Uber and Lyft’s Drivers Can Call the Shots Now
(Bloomberg Opinion) — Gig economy workers are in the driver’s seat. With ride-hailing demand outstripping labor supply, a strengthening economy…
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Could the Next Space Station Be a Hotel?
(Bloomberg Opinion) — In 1967, Barron Hilton, the future head of Hilton Hotels Corp., turned up at an American Astronautical…
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Huge Crypto Bet Draws Heat for Bank Stock Fund
Mertz is the president and chief investment officer of Emerald Advisers, a $4.7 billion asset manager based in Leola, Pennsylvania, a community…
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The Best Bar in Asia Right Now Is Coa in Hong Kong
Coa was founded by Jay Khan in 2017 to highlight agave spirits — it features a 41-page menu of them — and…
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Broken Ventilators Add Momentum to ‘Right to Repair’ Movement
(Bloomberg Businessweek) — A recall of an electrosurgical device wouldn’t normally cause panic for Ilir Kullolli. As the director of…
Read More » - ECONOMY
How an Oil Company Becomes a Renewables Company
Last week a raft of oil majors released their first-quarter results, with companies like Royal Dutch Shell Plc showing a return…
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France Sends Second Boat to Jersey in Fish Row: Brexit Update
(Bloomberg) — The U.K. and French navies dispatched military patrol vessels to the isle of Jersey amid a deepening row…
Read More » - ECONOMY
Chinese Electric Car Maker Nio Eyes Europe With Norway Foray
(Bloomberg) — Chinese electric car upstart Nio Inc. will take its first step outside its home market, opening a showroom…
Read More » - Finance
Be sceptical of fads — operate within your circle of competence
As the old joke goes, St Peter had some bad news for an oil prospector who appeared at the pearly…
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