COS
- ECONOMY
Dalio’s Shift On Cash Is Reminder To Check Your Savings Accounts
(Bloomberg) — Ray Dalio has changed his mind on cash. The founder of Bridgewater Associates has been disparaging cash as…
Read More » - ECONOMY
Gucci, Prada At Goodwill? New Resale Site Will Feature Luxury Brands
(Bloomberg) — Goodwill is making its first big push online with GoodwillFinds, a curated marketplace of donated goods that seeks to compete…
Read More » - ECONOMY
The World Sees Brazil’s Election as a Climate Flashpoint. Brazilians Have Other Concerns
(Bloomberg Businessweek) — At the edge of the Amazon rainforest in Brazil’s northern states, there’s no avoiding the billboards. Most…
Read More » - ECONOMY
This Is Where Climate Tech Meets Global Venture Capital
(Bloomberg Opinion) — One of the world’s biggest greenhouse gas emitters is trying to clean up. Global venture capitalists looking to…
Read More » - ECONOMY
Is Putin Fully Weaponizing The Nord Stream Pipelines?
(Bloomberg Opinion) — As Ian Fleming, the British author who created James Bond, wrote: “Once is happenstance. Twice is coincidence.…
Read More » - ECONOMY
Chief Metaverse Officers Are Getting Million-Dollar Paydays. So What Do They Do All Day?
(Bloomberg) — Advertising giant Publicis Groupe SA introduced the newest member of its C-suite at a technology conference in Paris…
Read More » - ECONOMY
Millennials Are Finally Building Wealth And Hiring Financial Advisers
(Bloomberg) — Millennials are self-centered and allergic to commitment. They switch jobs every six months and will never buy homes.…
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Controversial U.S. Visa Draws Rich From China To India After Reset
(Bloomberg) — A US visa program that attracted $37 billion in foreign investments since 2008 for projects including New York’s Hudson Yards…
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The Affordable Electric Vehicle Is Still Mostly Fantasy
(Bloomberg) — Jack Norton, a history professor in Minneapolis, started shopping for an electric vehicle early last year. His requirements…
Read More » - ECONOMY
Jerome Powell To The Rest Of The World: Drop Dead
(Bloomberg Opinion) — Ouch. If Americans expected inflation to peak in the summer, the US consumer price inflation report for August…
Read More » - ECONOMY
It Was 30 Years Ago Today, George Soros Taught The Bank To Play
Happy Black Wednesday Friday Margaret Thatcher always used to say that “you can’t buck the markets.” Having in 1990 been dragged…
Read More » - ECONOMY
BNP Fund Unit, Amundi Eye Vertical Farms As Droughts Worsen
(Bloomberg) — After a series of stock market setbacks, investor interest in vertical farms is once again on the rise.…
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Mocktails Prices Are Headed Toward The $20 Mark At Top Dubai Sites
(Bloomberg) — The buzziest drinks these days in the United Arab Emirates won’t give you a hangover. Menus at luxury hotel bars and…
Read More » - ECONOMY
Tips On Survival From The Queen Who Excelled At It
Normally, this section of Point of Return closes the newsletter. Not today. If there was ever a great survivor, it was Elizabeth…
Read More » - ECONOMY
The Revolutionary Monarchy Of Elizabeth II
(Bloomberg Opinion) — Britain’s longest-serving monarch has died. It feels like a death in the family. Born in 1926, the…
Read More » - ECONOMY
Wall Street Is In Denial Over The Economy
(Bloomberg Opinion) — We know that the US economy is currently weak, but the real economy is really weak, and…
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Ukraine Latest: Russia Ramps Up Combat With Widespread Bombing
Russia’s defense minister instructed military units in Ukraine to “further intensify” combat activity at a time the arrival of advanced…
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Don’t Forget to Write! Letters and Cards Are More Important Than Ever
(Bloomberg Businessweek) — Next door to the Hamburg factory where luxury-goods manufacturer Montblanc produces its fountain pens and other writing…
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Can Crypto’s Richest Man Stand The Cold?
(Bloomberg Businessweek) — During the first few months of this year—back when buying digital tokens named after dog memes was…
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Protest Latest: NY, DC Marches Grow as Justice’s Home Targeted
(Bloomberg) — Thousands of demonstrators in major cities across the US from New York to Los Angeles held largely peaceful…
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Russia’s Crude Oil Revenues Take a Hit Even as Exports Swell
(Bloomberg) — Russia is earning less from its oil exports, even as seaborne crude shipments surge to a six-week high. That’s because of…
Read More » - ECONOMY
‘Fake’ Aluminum Stocks Put Perils Of China’s Commodities Funding In Spotlight
(Bloomberg) — The opaque world of funding commodities trading in China is again under the spotlight. This time, metals markets…
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Ukraine Latest: Zelenskiy Visits Troops; UK To Send Rockets
Ukrainian President Volodymyr Zelenskiy visited troops in the southern region of Zaporizhzhia, about 60% of which is occupied by the…
Read More » - ECONOMY
One Of New York’s Best Pizzas Requires Ordering 48 Hours Ahead
(Bloomberg) — Most people have no idea what they’re having for dinner, let alone what they’ll be eating in two days.…
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India Reports Biggest Jump in Covid Cases in Almost Three Months
(Bloomberg) — India reported 4,041 new Covid-19 infections on Friday — the highest single-day jump since March 11 — stoking…
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Ukraine Latest: Australia Sanctions Putin’s Daughters, Senators
(Bloomberg) — Restrictions by the U.S. and its allies have led to a fall in more than half of Russia’s…
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Cisco to Shift Some Pay From Bonuses to Salaries Amid Inflation Crunch
(Bloomberg) — Cisco Systems Inc. is shifting a slice of its workers’ pay out of bonuses and into their base salary,…
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The Can’t-Lose Betting Strategy That’s Taking the Gamble Out of Sports Gambling
(Bloomberg Businessweek) — Dave is a 34-year-old high school guidance counselor from Buffalo, but his true calling is hunting deals.…
Read More » - ECONOMY
Private Equity’s Opaque Costs Mystify the Pensions That Pay Them
(Bloomberg Businessweek) — The stewards of billions of dollars in retiree savings are struggling to account for fees charged by…
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Peloton Got Trapped in Its Trillion-Dollar Fantasy
(Bloomberg Businessweek) — Up until a few years ago, it was safe to assume that someone using the word “peloton”…
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Top China Covid Fighter Is Woman Who Hit Party’s Glass Ceiling
(Bloomberg) — Among the resources President Xi Jinping has deployed to arrest surging Covid deaths in Hong Kong is the…
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Ukraine Update: MasterCard Halts in Russia; Biden-Zelenskiy Call
(Bloomberg) — Visa Inc. and MasterCard Inc. have suspended operations in Russia amid growing pressure from within Ukraine and from…
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The Bond King’s Genius Was No Match for His Ego
(Bloomberg Businessweek) — I. Team Bonding When Bill Gross started his career in investing in the fixed-income department of a…
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Elite International Schools Have a Racism Problem
(Bloomberg Businessweek) — The “placement gong” rings out in the offices of Teaching Nomad, a recruiter for international schools, every…
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A Billionaire’s Heir Hangs Up His Healing Crystal to Fix Capitalism
(Bloomberg Businessweek) — William Peterffy, the only son of billionaire Thomas Peterffy, has cycled through a lifetime’s worth of occupations…
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Of Course Our Brand Has a … Metaverse Strategy?
(Bloomberg Opinion) — In recent months an accelerating hokey cokey of stellar brands have dipped at least one pixelated foot…
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Wall Street Is Buying Starter Homes to Quietly Become America’s Landlord
(Bloomberg Businessweek) — Javier Vidana started out as a real estate agent in 2013, when Arizona’s Salt River Valley seemed…
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New Yorkers Wagered $472 Million Online Over Super Bowl Week
(Bloomberg) — New York sports bettors wagered $472.1 million the week of the Super Bowl, making it one of the…
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Astra Reports Positive Lynparza Results for Prostate Cancer
(Bloomberg) — AstraZeneca Plc reported positive high-level results for use of its blockbuster drug Lynparza to treat prostate cancer, continuing…
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Elections Aren’t Getting Any Easier For the Kremlin
(Bloomberg Opinion) — “We are Team Putin. We are United Russia,” read the backdrop to a gathering organized by the pro-Kremlin…
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Fed Decries a Wealth Gap It Helps Perpetuate
(Bloomberg Opinion) — Federal Reserve officials often decry the unprecedented disparity between the wealthy and poor. But they usually avoid…
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U.K. Economy Seen Slowing Sharply on Record Staff Shortages
Britain’s economy grew at the slowest pace since the height of lockdown in February, which purchasing managers blamed on staff…
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London’s Housing Market Shows Hit From Home Working
(Bloomberg) — London private housing rents fell in July compared with a year earlier as the ability to work from…
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Xi Crackdowns Look to Whip China’s ‘Lying Flat’ Youth Into Shape
(Bloomberg) — Piecing together President Xi Jinping’s recent speeches and a barrage of new regulations that have roiled markets, one…
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California Can No Longer Wing It With Power Grid
(Bloomberg Opinion) — The world’s fifth-largest economy is winging it through the summer with the help of backyard generators, sweaty…
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Virus Surge Upends Plans for Companies Trickling Back to Office
(Bloomberg) — The resurgent coronavirus and return of mask recommendations are hampering corporate America’s plans to get back to normalcy.…
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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…
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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…
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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…
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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…
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