WORLD
- 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…
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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…
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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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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…
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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…
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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…
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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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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…
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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…
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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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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…
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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…
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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…
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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,…
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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…
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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…
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New York Prosecutor Seeking Information in Probe of Steve Bannon
(Bloomberg) — Manhattan prosecutors have started gathering information in an investigation of Steve Bannon, the former presidential aide who was…
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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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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…
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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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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…
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Holmes, Prosecutors Trade Blame for Crippled Theranos Database
(Bloomberg) — Elizabeth Holmes is trying to turn the tables on federal prosecutors by arguing they have themselves to blame…
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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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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…
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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…
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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…
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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…
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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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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…
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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…
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Can Democrats Avoid Another Midterm Debacle?
We’re a little more than a year away from the first round of primary elections in the runup to the 2022…
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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…
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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…
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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…
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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…
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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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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…
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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…
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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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Debt Markets Brace for Higher Yields to Stay as Stimulus Sets In
(Bloomberg) — President Joe Biden’s $1.9 trillion relief plan, plus the prospect of more stimulus later this year, is setting…
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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…
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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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Bitcoin Tumbles Below $50,000 as Caution About Rally Takes Hold
(Bloomberg) — Bitcoin slid Tuesday after a bout of volatility highlighted lingering doubts about the durability of the token’s mesmerizing…
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Pentagon Spending May Escape Deep Budget Cuts, Key Senator Says
(Bloomberg) — The high price tag of taming the coronavirus pandemic and pressure from some Democrats to significantly reduce the…
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Even the World’s Most-Vaccinated Economy Faces a Tough Reopening
(Bloomberg) — As the world waits for a vaccine-driven return to normal, Israel is showing what a long and arduous…
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U.S. Tops 500,000 Deaths; Mumbai Lockdown Threat: Virus Update
(Bloomberg) — A half-million Americans are dead as a result of the novel coronavirus that first hit U.S. shores just…
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U.S. Exceeds 500,000 Deaths; U.K. Has Opening Plan: Virus Update
(Bloomberg) — A half-million Americans are now dead as a result of the novel coronavirus that first hit U.S. shores…
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