WORLD
- ECONOMY
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…
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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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‘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…
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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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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.…
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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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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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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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Banning New Gas Cars Is Key for Hitting EU’s Climate Goals
(Bloomberg) — The European Union must set a date to phase out the sale of new petrol and diesel cars…
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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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Internet Shutdowns Plunge Millions into ‘Digital Darkness’
(Bloomberg) — India led the world last year in internet shutdowns that affected hundreds of millions of people, as governments…
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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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