NORTHAM
- ECONOMY
TikTok ‘5 To 9’ Trend Shows Quiet Quitting Hasn’t Killed Hustle Culture
(Bloomberg) — For all the social-media posts and ink spilled on quiet quitting, hustle culture is alive and well on…
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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…
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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.…
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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 Global Race to Hike Rates Tilts Economies Toward Recession
(Bloomberg Businessweek) — Central banks are intent on driving the world economy perilously close to a recession. Late to see…
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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…
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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…
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U.S. Seeks To Provide $3.5 Billion For Afghanistan But Not Taliban
(Bloomberg) — The US will put $3.5 billion in Afghanistan’s central bank reserves under the control of a Swiss-based oversight…
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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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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…
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A Surging Dollar Is A Mixed Blessing For The US
The major driver of dollar strength on Monday was yet another disruption to the European gas market as Russia announced…
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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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India in Talks to Increase Russian Oil Imports From Rosneft
(Bloomberg) — India is looking to double down on its Russian oil imports with state-owned refiners eager to take more…
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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…
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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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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.…
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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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Oil Surge Favors Canada’s Producers as Currency Helps Too
(Bloomberg) — Soaring oil prices are disproportionately favoring Canada’s energy companies over their U.S. counterparts because of a market quirk:…
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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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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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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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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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Activision Blizzard Staff Sign Petition Supporting Labor Lawsuit
To the Leaders of Activision Blizzard, We, the undersigned, agree that the statements from Activision Blizzard, Inc. and their legal…
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Oil Giants Hunt for That One Last Big Hit Along Coast of Brazil
(Bloomberg) — If an energy transition is underway around the world, it hasn’t reached the streets of Ilha da Conceicao,…
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Airbnb, Vrbo Go to Great — Sometimes Annoying Lengths — to Woo Hosts
(Bloomberg) — The phone at the Buckhorn Inn in Gatlinburg, Tennessee, has been ringing off the hook since the start…
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U.S. Firms Quadruple Latino Board Hires in Slow Diversity Push
(Bloomberg) — U.S. publicly-listed companies more than quadrupled the appointment of Latino executives to their boards in the first quarter,…
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Zillow Accused in Suit of Squashing Competition in Home Listings
(Bloomberg) — Zillow Group Inc. stifles competition in home listings online, leading to less choice and higher prices for consumers,…
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Travel Industry Sees Glimmers of Recovery in Africa, Antarctica
(Bloomberg) — Early in the global pandemic, travel experts rushed to determine the shape of the recovery. Would it be L-shaped?…
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