Bloomberg
- ECONOMY
ByteDance to Boost Education Business With 13,000 New Hires
(Bloomberg) — Chinese social media titan ByteDance Ltd. plans to hire an additional 13,000 employees this year for its education…
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London’s West End Turns Dead End as Shoppers Leave Oxford Street
(Bloomberg) — Kate Moss brought London’s Oxford Street to a standstill in 2007 when the supermodel posed at Topshop’s flagship…
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J&J Gets FDA Panel’s Nod; CDC Issues Warning: Virus Update
(Bloomberg) — Johnson & Johnson’s single-shot coronavirus vaccine won the backing of a panel of U.S. government advisers, paving the…
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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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From Chicago to Geneva, Bonds Blowing Up Captivated Everyone
(Bloomberg) — Thomas Costerg doesn’t usually go to bed with a computer, but he couldn’t help himself Thursday night after…
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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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Hedge funds slash bearish bets in GameStop aftermath: ‘Wow, this could be me’
Investors have pared back their bearish bets a full month after the GameStop frenzy took off, showing the lasting effects…
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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…
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Biden’s Pick for Trade Representative Promises Break With Past Policy
WASHINGTON — Katherine Tai, President Biden’s pick for United States trade representative, promised lawmakers during her confirmation hearing on Thursday…
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Conservative Power Couple Wage Legal War on Stolen-Election Myth
(Bloomberg) — A pair of self-described conservative lawyers are leading the fight to shut down the U.S. election conspiracy theory,…
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Is News of U.S. Virus Variants Too Much, Too Soon?
(Bloomberg) — While the U.S. has focused on SARS-CoV-2 variants arriving from across the globe, homegrown strains reported to be…
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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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Bond Rout Shows Risk of Uneven Recovery in World’s Top Economies
(Bloomberg) — The U.S. economy appears primed to recover from the Covid-19 slump much faster than others, causing havoc on…
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Judge in Google Case Disturbed That Even ‘Incognito’ Users Are Tracked
(Bloomberg) — When Google users browse in “Incognito” mode, just how hidden is their activity? The Alphabet Inc. unit says…
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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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Birkenstocks Are Following Dr. Martens All the Way to the Bank
(Bloomberg Opinion) — Comfy shoes have never been so hot. L Catterton, the private equity fund backed by LVMH Moet…
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British Airways Parent Sees Signs of Hope After $9 Billion Loss
(Bloomberg) — British Airways parent IAG SA said there’s grounds for optimism about air travel this summer, after posting its…
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Conservative Power Couple Lead the War Against Disinformation
(Bloomberg) — A pair of self-described conservative lawyers are leading the fight to shut down the U.S. election conspiracy theory,…
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JPMorgan CFO Jennifer Piepszak says investment banking fees could be up 30% on Q1 2020
Investment banking fees at JPMorgan in the first quarter are likely to be up over 30% on the same period…
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AT&T Cuts the Cord Before More Customers Do
(Bloomberg Opinion) — If AT&T Inc. starts to look like it’s standing a bit taller, that’s the result of it…
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Crypto Firm Kraken Seeks Roughly $10 Billion Valuation
(Bloomberg) — Kraken is in talks to raise new funding in a move that would more than double the cryptocurrency…
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Dell, HP Say PC Surge to Continue Even in Return to School, Work
(Bloomberg) — Dell Technologies Inc. and HP Inc. reported earnings buoyed by a resurgent personal computer demand they projected will…
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Why the Bank of England needs a monetary framework review to keep policy at the frontier
The Bank of England has built an enviable reputation as a central bank at the forefront of modern policymaking. This…
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California Deaths Hit 50,000; NYC School Cases Low: Virus Update
(Bloomberg) — President Joe Biden said the federal government will distribute Johnson & Johnson’s vaccine as fast as the company…
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The program that could revitalize both red and blue America
Just one month into his term, President Joe Biden faces challenges on multiple fronts. Quelling the COVID-19 pandemic. Delivering on…
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Republican No-Shows for CPAC Gathering Are Who’s Who of the GOP
(Bloomberg) — When the annual Conservative Political Action Conference kicks off Thursday night, a highlight of the Republican Party’s calendar,…
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Student debt cancellation should consider wealth, not income
As enrollment numbers and tuition at higher education institutions grow, the rise in student debt is outpacing both. According to…
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Democrats Eye Permanent Child Credit Expansion: Stimulus Update
(Bloomberg) — Democratic lawmakers said they’d work on making the expanded child tax credit in President Joe Biden’s $1.9 trillion…
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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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Goldman Sachs boss David Solomon slams WFH as an ‘aberration’
Goldman Sachs chief executive David Solomon has sent the clearest message yet to homebound traders and investment bankers — don’t…
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India Beats China at Its Own Game in Vaccine Diplomacy Battle
(Bloomberg) — India’s huge capacity to make coronavirus vaccines is helping the country take on China in the battle to…
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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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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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We need to do more to attract IPOs to London
Let’s be frank with each other: London’s enduring success as a global financial centre reaches well beyond any of the…
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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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The business case for expanding apprenticeships: Federal and employer perspectives
Apprenticeships are an overlooked solution in the United States for increasing access to quality jobs and expanding the pool of qualified talent. As an…
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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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Chuka Umunna calls out UK investment body over ethnic diversity push
The Investment Association has been called out for a lack of ethnic diversity on its board, after itself urging some…
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City watchdog beefs up exec team for post-Brexit leadership
The UK’s Financial Conduct Authority made several new hires to its executive team as part of efforts to navigate a landscape dominated…
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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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UK investors ratchet up pressure on companies over ethnic diversity
The UK’s fund management lobby group will turn up the heat on companies in the coming months over ethnic diversity in…
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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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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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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…
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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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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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