COS
- ECONOMY
Hedge Fund Veteran Citrone Is the Latest to Profit From Bitcoin Bets
(Bloomberg) — Add a new name to the rapidly rising number of Bitcoin profiteers. Longtime hedge fund manager Rob Citrone,…
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MacKenzie Scott Keeps Donations Secret in Latest Giving Spree
(Bloomberg) — MacKenzie Scott has upended philanthropy in the past year by announcing three separate donation sprees totaling $8.6 billion,…
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Kaisa on Brink, Restructuring Looms: Evergrande Update
(Bloomberg) — Creditors of Kaisa Group Holdings Ltd. have yet to receive payment on a $400 million dollar bond maturing…
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The World’s Relentless Demand for Chips Turns Deadly in Malaysia
(Bloomberg) — Hani Bin Sha’ari spent more than two decades rising through the ranks at STMicroelectronics NV’s facility in Malaysia.…
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What ‘The Wizard of Oz’ Can Teach Us About Inflation
(Bloomberg Opinion) — Sure, we need to live with the virus. What’s not said enough is that this means being…
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The Best Bar in the World Is the Connaught in London. Again.
(Bloomberg) — For the second year in a row, the best saloon on the planet is the one at the Connaught…
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Pfizer Shot Offers Partial Omicron Shield in Study: Virus Update
(Bloomberg) — Omicron’s ability to evade vaccine and infection-induced immunity is “robust but not complete,” researchers in South Africa said.…
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Twitter’s New CEO Agrawal Got Early Nod From Dorsey a Year Ago
(Bloomberg) — When Elliott Management Corp. started pushing for changes at Twitter Inc. in February 2020, one of its stipulations was that…
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Bondholders Don’t Get Paid; Kaisa Deferral: Evergrande Update
(Bloomberg) — Some China Evergrande Group bondholders have not received overdue coupon payments after the end of a month-long grace…
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Bondholders Don’t Get Paid; Kaisa Deferral: Evergrande Update
(Bloomberg) — Some China Evergrande Group bondholders have not received overdue coupon payments after the end of a month-long grace…
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Need to Fire 900 People? Maybe Don’t Use Zoom
(Bloomberg Opinion) — There are few good ways to lay off a bunch of people, but there are many, many bad…
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Omicron Propels U.S. Booster Drive Where It’s Needed Least
In California, the divide is playing out between more affluent Los Angeles County communities and those that are less well off,…
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American Airlines CEO Switch Signals Covid Optimism
(Bloomberg Opinion) — Another big U.S. airline is replacing its chief executive officer in a sign that the pandemic recovery is…
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Why Biden Is Getting Bad Press
(Bloomberg Opinion) — The Washington Post’s Dana Milbank set off a bit of a kerfuffle with a column claiming that…
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Why War With Taiwan Would Be a Huge Gamble for China’s Xi
(Bloomberg) — For all the talk of Chinese President Xi Jinping’s desire to invade Taiwan, one counterpoint is often overlooked:…
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Blankfein Puts the Suit Back On for Role as Wall Street Rabbi
(Bloomberg) — Wall Street may be going more casual, but not at the UJA Wall Street Dinner. The event brought…
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ESG Defies Wall Street’s Efforts to Package It Neatly
(Bloomberg Opinion) — Wall Street is trying to bottle ESG, but ESG has other ideas. Mutual funds and exchange-traded funds…
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Some Macau Casinos to Shut Junket-Operated VIP Rooms, Sources Say
(Bloomberg) — Some casinos in Macau have decided to close VIP gambling rooms run by junkets, according to people familiar…
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U.K. Seeks to Trade With U.S. States With Broader Deal on Hold
(Bloomberg) — The U.K. is moving forward on trade engagement with individual American states, and stands ready to resume talks…
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Bitcoin Climbs Back Over $50,000 After Weekend Flash Crash
(Bloomberg) — Bitcoin climbed back above $50,000 as traders comb through the wreckage of this weekend’s flash crash. Bitcoin has…
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Trends at Art Basel Miami Beach That Could Spill Into Next Year
(Bloomberg) — There are three primary ways galleries source work for an art fair booth. The first is to get…
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Omicron Leads to New Curbs From NYC to Hong Kong: Virus Update
(Bloomberg) — New restrictions are showing up across the world as authorities try to stem the spread of the omicron…
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The Ugly, Expensive Plan to Bring Green Power to China’s Megacities
(Bloomberg) — To turn wind and sunlight into power, first you need land. Lots of land, ideally unpopulated, where you…
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One State’s History of Hospital Debt Lawsuits Reveals Racial Gap
The rate of medical debt collection lawsuits in the state increased by more than a third from 2001 to 2018,…
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Crypto Crash Weighs on DeFi Tokens Already in Downward Spiral
(Bloomberg) — This weekend’s crypto flash crash helped to bring into focus the recent cooling of decentralized finance, once one…
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Karl Lagerfeld’s Rolls-Royces Reap $1.33 Million After Auction Glitch
(Bloomberg) — Three Rolls-Royces owned by Karl Lagerfeld have sold in Monaco for a total of €1.18 million ($1.33 million). A 2018…
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Branding the Billion-Dollar Dark Stores
(Bloomberg Opinion) — By the time you’ve finished this article, a man on a moped might have delivered a Mars…
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Retail Traders Trail Professional Stock Pickers by Most Ever
(Bloomberg) — Individual investors, who reaped eye-popping returns that made some pros chuckle earlier this year, are facing a moment…
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Tom Brady Debuts New NFTs Set to Highlight Beginning of Career
(Bloomberg) — Following the successful launch of his first collection of NFTs, Tom Brady is going all in by offering…
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Where Are All the Gig Workers and What Are They Doing?
(Bloomberg Opinion) — The Great Resignation is turning into the biggest economic puzzle of our time. Quits are up and…
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Meet the New Climate Refugee in Town: Coyotes
(Bloomberg) — Amid the sylvan tranquility of the Berkeley hills neighborhood, an image of a snarling predator, fangs bared, stares…
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A Pop-Up by Alain Ducasse and Albert Adrià Portends the Future of Fine Dining
(Bloomberg) — The chopped sea cucumber and miniature chickpeas were hiding under a generous layer of Chinese caviar. The dish,…
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Can a Tiny AI Group Stand Up to Google?
(Bloomberg Opinion) — Artificial intelligence isn’t always so smart. It has amplified outrage on social media and struggled to flag hate speech. It has designated engineers as…
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Goldman, Morgan Stanley Bid to Buy Into India Mapmaker’s IPO
(Bloomberg) — Goldman Sachs Group Inc. and Morgan Stanley are among institutional investors bidding to participate in the initial public…
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Executive at Swiss Tech Company Said to Operate Secret Surveillance Operation
(Bloomberg) — The co-founder of a company that has been trusted by technology giants including Google and Twitter to deliver sensitive…
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Omicron’s Puzzle: Fast Spread, Possibly Mild Cases: Virus Update
Initial data from South Africa, the epicenter of the outbreak of the omicron variant, don’t show a resulting surge of…
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Shock to Crypto Daredevils Joins List of Scary Market Omens
(Bloomberg) — A brutal bout of selling that wiped billions of dollars from profitless growth companies, IPO stocks and SPACs…
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Shock to Crypto Daredevils Joins List of Scary Omens in Markets
(Bloomberg) — A brutal bout of selling that wiped billions of dollars from profitless growth companies, IPO stocks and SPACs…
Read More » - ECONOMY
Omicron Spreads in U.S.; Local Cases in Australia: Virus Update
New York City recorded three more omicron cases, and states including Massachusetts reported their first such infections as the coronavirus…
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NYC Reports More Omicron Cases; Rio Cancels Party: Virus Update
New York City recorded three more omicron cases and Massachusetts reported its first such infection as the coronavirus variant continued…
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NYC Reports More Omicron; No New Year Party in Rio: Virus Update
(Bloomberg) — New York City recorded three more cases of Covid-19’s omicron variant, which has spread to at least 11…
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Lockdowns and Fines: Europe Cracks Down on the Unvaccinated
Even before the shock emergence of the omicron variant, Europe’s coronavirus battle was on shaky ground. Cases surging at a…
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U.S. Ship Logjam Stretching Far Into Pacific Is Longer Than Ever
The number of container ships headed for the busiest U.S. port complex has risen to close to 100 under a…
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Bill Gates, Jeff Bezos, Elon Musk … and Paul McCartney
(Bloomberg Opinion) — “The Beatles: Get Back” documentary, which is my pick for best movie of the year, showcases an…
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Scientist Who First Sequenced Omicron Worried by Speed of Change
The speed at which the omicron variant appears to have accumulated its unusual pattern of mutations is a concern, according…
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E-Bike Sales Could Get Big Push From Build Back Better Act
Over the past decade, the U.S. has spent about $10 billion subsidizing the purchase of electric vehicles through tax credits.…
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U.S. Accuses Whole Foods of Banning Black Lives Matter Masks
(Bloomberg) — Amazon.com Inc.’s Whole Foods Market illegally banned employees from wearing “Black Lives Matter” masks and punished workers who…
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Omicron in Nine U.S. States; South Africa Surges: Virus Update
(Bloomberg) — The omicron variant spread to at least nine U.S. states after Pennsylvania, Missouri, Maryland and Nebraska reported infections…
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Macquarie Weighs $600 Million Sale of Centerline Logistics
(Bloomberg) — Macquarie Group Ltd. is exploring a sale of Centerline Logistics, a provider of marine petroleum transportation services, according…
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Metaverse Crypto Tops Bitcoin Gains This Year, Macro Hive Says
(Bloomberg) — A hypothetical iteration of the internet called the metaverse appears to be the hottest trend in cryptocurrencies this…
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