CMD
- ECONOMY
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,…
Read More » - ECONOMY
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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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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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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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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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…
Read More » - ECONOMY
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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The Simplest Cookie Recipe From One of the World’s Best Chefs
(Bloomberg) — Editor’s Note: As more people are working from home, Bloomberg Pursuits is running a weekly Lunch Break column that highlights…
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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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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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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…
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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 » - 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…
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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…
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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…
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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…
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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…
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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…
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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
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…
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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…
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‘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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Path to Restored Iran Deal Set to Be Long and Politically Toxic
(Bloomberg) — U.S. President Joe Biden vowed on the campaign trail to re-enter the 2015 nuclear deal with Iran. Six…
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Mexico Shifts Into Reverse on Electric Vehicles
(Bloomberg Opinion) — The combustible engine’s end date is firming up: General Motors Co., the largest of the Detroit big…
Read More » - ECONOMY
The Bird Flu Virus That Has Infected People in Russia
(Bloomberg) — New strains of influenza are constantly emerging. Although the virus is associated with winter epidemics of respiratory disease…
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Petrobras’s $18 Billion Rout Deepens on Series of Downgrades
(Bloomberg) — A sell-off in Brazil’s state-controlled oil firm Petroleo Brasileiro SA picked up on Monday after a group of…
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Texas’ Power Crisis Was Also a Gas Crisis
(Bloomberg Opinion) — Texas’ power crisis was also a gas crisis. The symbiosis of the state’s grid and its pipelines…
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ESG Magnates Pour Money Into Asia as Rest of Developing World Lags
(Bloomberg) — The emergence of Asia, led by China, as the economic power train of the post-Covid world has just…
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Apple in Talks to Buy Self-Driving Sensors, Key Step in Car Plan
(Bloomberg) — Apple Inc. is in discussions with multiple suppliers of self-driving car sensors known as lidar, according to people…
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Niger Voters Pick New President in Historic Runoff Election
(Bloomberg) — Voters in Niger are picking a new president Sunday in a runoff election set to mark the first-ever…
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Texas Homes Slammed With Thousand-Dollar Bills After Winter Woe
(Bloomberg) — After enduring a wretched week of Arctic storms, hunger and cold, several Texans were handed another pain point…
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Texas Airlifts Water With Ice Covering Roads: Energy Update
(Bloomberg) — The Texas power grid has returned to normal operations as a historic cold blast eases, but the impact…
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Sixth Street Sues to Block Dyal’s Merger With Owl Rock
(Bloomberg) — Sixth Street Partners sued to block Dyal Capital Partners’ merger with Owl Rock Capital Partners, arguing the deal…
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After Brexit, British Tabloids Take Up a New Cause—Going Green
(Bloomberg) — When Boris Johnson unveiled his 10-point green recovery plan in November, U.K. newspapers were surprisingly acquiescent. The British…
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Texas Power Operator Sued Over Outages During Winter Storm
(Bloomberg) — The operator of the power grid in Texas was hit with a second lawsuit in as many days…
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