business
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Nvidia stock falls as analysts ‘nitpick’ data-center results in record earnings report
Nvidia Corp. shares declined Thursday after the chip maker’s strong results and outlook met with some pushback from analysts on…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - Finance
Here’s why jobless claims are the wrong way to understand unemployment in the U.S.
The number of individuals filing first-time claims for state unemployment benefits fell sharply last week, with a total of 730,000…
Read More » - Finance
Carlyle’s Rubenstein says biggest economic risk is high unemployment, not stock market speculation
David M. Rubenstein, Co-Founder & Co-Executive Chairman, The Carlyle Group. David A. Grogan | CNBC Carlyle Group co-founder David Rubenstein told CNBC…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
A Trump Tax Break Kicked Off a Race to Redraw U.S. Census Maps
(Bloomberg) — In hockey, it’s the equivalent of moving the red line. Two years ago, the Pittsburgh Penguins, along with…
Read More » - ECONOMY
The Fed May Need to Head Off a Money-Market Mess
(Bloomberg Opinion) — Investors are worried that a flood of cash could soon disrupt U.S. money markets, as the Treasury…
Read More » - Finance
KPMG fires starting gun on chief executive election post Bill Michael exit
KPMG UK has kicked off the race to succeed Bill Michael as chief executive after he resigned over a backlash…
Read More » - ECONOMY
Retail Brokerage Tells IPO-Hungry Clients: Buy Our Stock First
(Bloomberg) — A Kazakhstan-based broker is riding the twin wave of retail investing and the frenzy around U.S. stock listings…
Read More » - Finance
Former HSBC chief operating officer joins London regtech board
The chair of the global banking unit at Boston Consulting Group in London has joined regulatory technology firm Napier as…
Read More » - ECONOMY
Deal for Key Metal in EV Revolution Brought Bonanza for Newcomer
A transfer of lucrative cobalt and copper assets by the Democratic Republic of Congo’s state mining company enabled a little-known…
Read More » - ECONOMY
Junk Bonds With Low Yields? Here’s Why They’re Hot
(Bloomberg) — High-yield bonds that don’t pay very much? Sounds like an oxymoron, or maybe unwise. But investors are pouring…
Read More » - ECONOMY
Biden Team Pressing Taiwan, Allies on Auto Chip Shortfall
(Bloomberg) — President Joe Biden’s top economic adviser, Brian Deese, has sought the Taiwanese government’s help resolving a global semiconductor…
Read More » - ECONOMY
Two Telecom Lines Fail to Save World’s Top Derivative Bourse
(Bloomberg) — Less than an hour into trading in India’s $2.7 trillion stock market on Wednesday, dealers saw index levels…
Read More » - ECONOMY
U.K. Sanctuary Offer for Hong Kong Activists Is Great If You Can Afford It
(Bloomberg) — In August 2019, Sophia’s hip was broken in clashes with Hong Kong police during a protest against China’s…
Read More » - ECONOMY
Shot Hailed as Super Effective; J&J Gets Big Win: Virus Update
(Bloomberg) — The shot made by Pfizer Inc. and BioNTech SE was overwhelmingly effective against the virus in a study,…
Read More » - ECONOMY
Rao’s Homemade Owner Sovos Brands Said to Explore Sale, IPO
(Bloomberg) — Private equity firm Advent International is exploring strategic options for Sovos Brands, a food and beverage company with…
Read More » - ECONOMY
Nvidia Gives Bullish Forecast on Gaming, Data Center Demand
(Bloomberg) — Nvidia Corp. gave a bullish forecast on robust demand for chips used by video gamers and data center…
Read More » - Market
MicroStrategy buys more than $1 billion worth of bitcoin, adding to massive holdings
MicroStrategy announced Wednesday it bought just over $1 billion worth of additional bitcoin, just days after finalizing another sale of…
Read More » - ECONOMY
Texas Deep Freeze Could Cost $90 Billion in Losses, Modeler Says
(Bloomberg) — Texas’s deep freeze and power outages last week could cost as much as $90 billion in losses, and…
Read More » - ECONOMY
AstraZeneca Hopes New Data Gets Its Covid Vaccine Back on Track
(Bloomberg Businessweek) — Tens of millions of people around the world are desperately trying to get their hands on a…
Read More » - ECONOMY
Petrobras Needs Investment, Less Volatile Pricing, Luna Says
(Bloomberg) — Petroleo Brasileiro SA’s incoming chief executive officer wants to continue opening the refining industry to outside investment and…
Read More » - ECONOMY
How Measuring and Reducing Emissions Has Become Its Own Business
(Bloomberg) — A new startup run by former employees of the payment processor Stripe Inc. will help companies analyze the…
Read More » - Market
New home sales rise as buyers remain hamstrung by the lack of property listings
The numbers: Sales of newly built homes occurred at a seasonally-adjusted annual rate of 923,000 in January, the U.S. Census Bureau reported…
Read More » - ECONOMY
Two Telecom Lines Fail to Protect World’s Top Derivative Bourse
(Bloomberg) — Less than an hour into trading in India’s $2.7 trillion stock market on Wednesday, dealers saw index levels…
Read More » - Health
The Mediterranean’s Red Gold Is Running Out
On a golden day last September, I visited the ruins of the first Greek city on the Iberian Peninsula, a…
Read More » - ECONOMY
Former Mining Exec Details Suitcase Full of Cash He Used to Seal Deals
(Bloomberg) — A former Glencore director said he used to fly the world carrying a bag full of cash to…
Read More » - ECONOMY
South Africa Limits Tax Hikes to Virus-Hit Booze and Tobacco
(Bloomberg) — South Africa’s alcohol and tobacco industries, already reeling by coronavirus restrictions that banned the sale of products, are…
Read More » - ECONOMY
South Africa Budgets to Provide Free Coronavirus Vaccines
(Bloomberg) — South Africa’s National Treasury said it’s set aside sufficient funds to provide free coronavirus vaccines to all those…
Read More » - ECONOMY
South Africa to Bailout Land Bank After Debt Default
(Bloomberg) — South Africa’s National Treasury allocated 7 billion rand ($481 million) to recapitalize the country’s distressed state-owned agricultural lender…
Read More » - ECONOMY
Vaccine Fears Are Crippling China’s Covid Fight
(Bloomberg Opinion) — In December, China announced that it planned to inoculate 50 million people against Covid-19 by Feb. 11. Although…
Read More » - ECONOMY
A New Link Tracing Beef From Amazon Rainforest to Grocery Stores
(Bloomberg) — Meatpacking powerhouses like JBS SA and Marfrig Global Foods SA have borne the brunt of watchdog efforts to root out…
Read More » - Market
Billionaire philanthropy is a ‘PR scam,’ says CEO who raised his workers’ minimum pay to $70,000
He’s not buying what America’s billionaires are selling. The CEO known for increasing his employees’ base annual pay to $70,000…
Read More » - ECONOMY
For the Posh, Bentley’s New Flying Spur Is Practically Pious
(Bloomberg) — Bentley isn’t the first brand that springs to mind when it comes to green driving. Tesla and Toyota…
Read More » - Market
Here’s what investors should know about rocket builder Astra as it prepares to go public
Rocket 3.1 launches from Kodiak, Alaska. Astra / John Kraus Rocket builder Astra is preparing to go public in the…
Read More » - ECONOMY
Luxury Ride-Hailing App Pivots to Middle East as Lockdowns Bite
(Bloomberg) — A luxury ride-hailing app operating in Moscow, London and Paris is expanding into the Middle East as a…
Read More » - ECONOMY
When the Fantasy of Better Battery Science Doesn’t Match Reality
They may be waiting a while: The technical challenges of making better batteries (and therefore, electric vehicles) are enormous and…
Read More » - ECONOMY
Fauci Hints at Relaxed Rules; U.K. Airlines Soar: Virus Update
(Bloomberg) — Anthony Fauci, President Joe Biden’s chief medical adviser, suggested that the U.S. may soon issue guidance easing public…
Read More » - ECONOMY
Women on Average Have Just 76% of Men’s Legal Rights Worldwide
(Bloomberg) — The World Bank warned that the pandemic is reinforcing gender inequality in many countries, with women on average…
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Chapo’s Wife Held Without Bail After Arrest on U.S. Drug Charges
(Bloomberg) — The former wife of Mexican drug kingpin Joaquin “El Chapo” Guzman will remain in a U.S. jail to…
Read More » - ECONOMY
Lawrence Ferlinghetti, Beat Poet, ‘Howl’ Publisher, Dies at 101
(Bloomberg) — Lawrence Ferlinghetti, the poet and bookstore owner whose publication of Allen Ginsberg’s poem “Howl” in 1956 led to…
Read More » - ECONOMY
The Worst of Winter Has Passed With the U.S. Entering Spring
(Bloomberg) — The bitter chill that toppled Texas’s power grid and broke records across the Great Plains has retreated and…
Read More » - ECONOMY
Her Husband Got Covid-19. She’s Suing His Employer.
(Bloomberg Opinion) — Suppose your spouse gets Covid-19 at work — and you get it from your spouse. Can you sue your…
Read More » - ECONOMY
Renting All Your Furniture Means Never Discarding Another Sofa
(Bloomberg) — Plastic-wrapped foam mattresses, dilapidated plastic shelving units, three-legged Ikea chairs—Jay Reno calls this “end-of-life” furniture. And it’s accumulating…
Read More » - ECONOMY
Elon Musk Loses $15 Billion in a Day After Bitcoin Warning
(Bloomberg) — Elon Musk is no longer the world’s richest person after Tesla Inc. shares slid 8.6% on Monday, wiping…
Read More » - ECONOMY
‘Portfolio Warming’ Is the New Climate Anxiety for Fund Managers
(Bloomberg) — All good money managers expect to outperform their benchmark, and by one such metric the French insurer and…
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