business
- 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…
Read More » - ECONOMY
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…
Read More » - Health
Texas chemical plant leak leaves 2 dead, 30 hospitalized
LA PORTE, Texas (AP) — Two people are dead and 30 were hospitalized after a chemical leak at a Houston-area…
Read More » - 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…
Read More » - Market
The new surge in COVID-19 cases is putting the vaccinated and the unvaccinated on high alert as masks come back and anxiety kicks in
Reality is sinking in among vaccinated Americans that the COVID-19 pandemic isn’t going away any time soon, and the threat…
Read More » - Market
Here’s why businessman Ken Langone thinks the Fed is wrong and inflation is here to stay
Billionaire businessman Ken Langone told CNBC on Wednesday he expects higher-than-usual inflation to hit the U.S. economy for longer than…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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.…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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 » - Market
Adecco to Buy France’s AKKA Technologies in EUR2 Bln Deal
By Olivia Bugault Adecco Group AG said Wednesday that it will acquire engineering R&D services provider AKKA Technologies SE at…
Read More » - ECONOMY
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…
Read More » - Market
Nasdaq leads drop in stocks ahead of tech earnings, as major indexes pull back from records
U.S. stocks closed lower Tuesday, after a five day rally to record highs for the main indexes, ahead of quarterly…
Read More » - ECONOMY
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.…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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.…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - Market
Feds sell one-of-a-kind Wu-Tang Clan album forfeited by ‘Pharma Bro’ Martin Shkreli
A one-of-a-kind Wu-Tang Clan album that had been owned by jailed pharmaceutical executive Martin Shkreli has been sold by the…
Read More » - ECONOMY
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. …
Read More » - Finance
Siemens CEO Roland Busch on combining the real and digital worlds
It has become a cliché to observe that the pandemic has accelerated existing trends across a wide range of industries.…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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,…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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.…
Read More » - ECONOMY
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…
Read More » - Health
Warming rivers in US West killing fish, imperiling industry
SAN FRANCISCO (AP) — Baby salmon are dying by the thousands in one California river, and an entire run of…
Read More » - ECONOMY
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 » - Market
U.S.-listed China education stocks tumble again as Beijing makes industry crackdown official
Beijing’s crackdown on education got Wall Street’s attention anew on Monday, with more downgrades for U.S.-listed shares as analysts tallied…
Read More » - ECONOMY
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…
Read More » - ECONOMY
‘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…
Read More » - ECONOMY
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…
Read More » - Finance
The restructuring hiring rush is on, despite a flat market
An injection of private equity cash into the restructuring market via new spin-offs from Deloitte and KPMG has stoked frantic hiring…
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