GLOBALMACR
- ECONOMY
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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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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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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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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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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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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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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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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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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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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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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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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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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U.K. Unemployment Rate Rises to Highest in Almost Five Years
(Bloomberg) — U.K. unemployment climbed to its highest rate in almost five years in the fourth quarter as the economic…
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Tencent-Backed Esports Company VSPN Weighing U.S. IPO
(Bloomberg) — Chinese esports firm VSPN is considering an initial public offering in the U.S. as soon as this year…
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Trump Rejected as Supreme Court Lets Prosecutor Get Taxes
(Bloomberg) — The U.S. Supreme Court rejected a bid by Donald Trump to keep eight years of his tax returns…
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