CMD
- ECONOMY
On the Jersey Shore, Surf’s Up — Way Up
(Bloomberg Opinion) — In New Jersey’s beach towns, there are two sets of data that always seem to be rising:…
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Carmakers Forced by Chip Crisis to Rethink Just-In-Time Ordering
(Bloomberg) — A century after automakers showed the world the value of assembly-line manufacturing, a shortage of semiconductors is teaching…
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Chrystia Freeland Is Trying to Supercharge Canada’s Growth
(Bloomberg Markets) — When Chrystia Freeland became Canada’s minister of finance in August, she had a mandate from Prime Minister…
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Florida Cruise Tests Rules; U.K. Opening in Doubt: Virus Update
(Bloomberg) — Royal Caribbean Cruises Ltd. said it had been cleared to resume cruises in the U.S. starting with a…
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Shortage of Asia-Made Jute Bags Threatens Nigerian Cocoa Exports
(Bloomberg) — Nigerian cocoa exporters, which rely on imported jute bags to package their beans, are facing a shortage after…
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Google, Shopify Extend Ties in Commerce Blitz Against Amazon
(Bloomberg) — Google is pushing further into e-commerce with new tools and partnerships with Shopify Inc., Square Inc. and others…
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Engine No. 1’s Exxon Win Provides Boost for ESG Advocates
(Bloomberg) — The rejection of Exxon Mobil Corp.’s management team marks one of the most significant victories for shareholders who…
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Cathie Wood’s Bad Spring Is Only a Blip When the Future Is So Magnificent
(Bloomberg Businessweek) — In the weirdest year of our lives, the rise of Cathie Wood is hardly the weirdest thing…
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A Message to Clean Tech Entrepreneurs: You Are Still Not Late
A week ago, U.S. President Joe Biden signed an executive order urging his administration to create a comprehensive strategy on climate-related…
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A ‘Perfect Storm’ Leaves Hamptons Restaurants Scrambling for Staff
(Bloomberg) — Later this year, the iconic Amagansett seafood shack Lobster Roll will open the first new location in its 55-year history. The outpost will…
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America’s Economic Recovery Isn’t Roaring for Everyone
After more than a year of pandemic, the U.S. economy is roaring back and is now expected to grow by…
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There Are More Signs Supply Shortages Could Stick Around Without Sparking Inflation
(Bloomberg) — With lots of talk about supply shortages right now, there are plenty of concerns that companies will raise…
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Bank CEOs Take Punches From Democrats, Warnings From Republicans
(Bloomberg) — Senator Elizabeth Warren called JPMorgan Chase & Co.’s Jamie Dimon “the star of the overdraft show.” Her Democratic…
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Fight Over Solar Subsidy Tests California’s Climate Commitment
“We’ve got to reform the program for the fairness of everyone,” said Kathy Fairbanks, a spokeswoman for Affordable Clean Energy…
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Green Finance Hires Political Stars to Protect $30 Trillion Boom
(Bloomberg) — Mark Carney to Brookfield Asset Management. Brexit architect Nigel Farage to DGB Group. A senior Obama aide to…
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Municipal Electricity Provider in California Files Bankruptcy
(Bloomberg) — Western Community Energy, a local government agency that sells electricity to six small towns in Southern California, filed…
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Climate Voluntarism Won’t Deliver Needed Bank Action, Aviva Says
(Bloomberg) — If the financial-services sector is to play a meaningful role in supporting efforts to limit global warming, climate action…
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IBM Turnabout Adds Pressure to Keep Corporate Diversity Promises
(Bloomberg) — The year 2021 is shaping up to set records for diversity proposals at U.S. company annual meetings. Nine out…
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Transcript: Daniela Gabor on the Drawbacks of the ESG Boom
(Bloomberg) — It’s no secret that ESG investing has become a big business with tons of money flowing into businesses…
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U.S. Warns on Japan Travel; Seychelles Cases Drop: Virus Update
(Bloomberg) — The U.S. said Americans should avoid traveling to Japan, with the country under a state of emergency that…
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Biden to Direct $1 Billion for Severe Weather Preparedness
(Bloomberg) — President Joe Biden plans to announce on Monday a doubling of federal spending on preparations for severe weather…
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Bank CEOs Headed to Congress Due for Grilling Over Drop in Loans
(Bloomberg) — Wall Street banks spent the pandemic making record profits. Now Democratic lawmakers want them to explain why they…
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Ferrari Pitches $500,000 Hybrid Supercar as a Bargain for Daily Driving
(Bloomberg) — The main thing Ferrari will tell you about the 2021 Ferrari SF90 Stradale is how much of a…
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End of Power Struggle May Unlock $3 Billion of Funds for Congo
(Bloomberg) — The World Bank may provide as much as $3 billion to the Democratic Republic of Congo as the…
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Return to Work? I Want to Trade in Crypto!
(Bloomberg Opinion) — Who doesn’t want financial freedom? Day jobs can strain your back and put stress on your mental…
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Kominers’s Conundrums: A Word Chemistry Lab Needs Organizing
I’ve been involved in the Fair for years — first as a student, and now as co-chair of the Mathematics category.Seeing…
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Immigrant Dropouts Are Covid’s Invisible Casualties
(Bloomberg Opinion) — You can lose track of a lot of kids in a pandemic. Last fall, I ran into…
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Bubble Risks Test China’s Commitment to No Sharp Turn in Policy
(Bloomberg) — Despite Beijing’s best efforts, asset bubbles are forming in China. Home prices are soaring, prompting officials to revive…
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Solar Storms Are Back, Threatening Power Grids and Satellites
(Bloomberg) — A few days ago, millions of tons of super-heated gas shot off from the surface of the sun…
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Solar Storms Are Back, Threatening Life as We Know It on Earth
(Bloomberg) — A few days ago, millions of tons of super-heated gas shot off from the surface of the sun…
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Recycling Isn’t Dead. It’s Booming.
(Bloomberg Opinion) — Recycling is “dead,” say the obituaries. And if it’s not dead it’s “broken,” “not working,” “in the bin,” “failing,” a “charade,” “a lie,” and…
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Summers Says Crypto Has Chance of Becoming ‘Digital Gold’
(Bloomberg) — Former U.S. Treasury Secretary Lawrence Summers said cryptocurrencies could stay a feature of global markets as something akin…
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Arctic-Superpower Jostling Heats Up as Russia Takes on Key Role
(Bloomberg) — A battle of words between top Russian and U.S. diplomats this week is the latest sign of rising tensions…
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Grill Makers Are Ready for a Busy Summer of Maskless Backyard BBQs
(Bloomberg) — Americans caught the grilling industry by surprise during the first pandemic summer. With interest in barbecuing poised to…
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Vaccine Shortage Crushes Africa’s Hopes for an Economic Revival
(Bloomberg Markets) — This should have been a promising year for Africa. Instead, a lack of access to vaccines threatens to…
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Key Areas Traders Watch Out for as Taiwan Lockdown Risk Looms
(Bloomberg) — Taiwan’s collapse from one of the world’s most successful Covid-19 containment stories rattled investors last week. Now, as…
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India Inc.’s Profits Won’t Survive Costs, Covid
(Bloomberg Opinion) — Lately, India has had very little to smile about. Something that Colgate-Palmolive Co.’s tepid growth in the…
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Green Fuel Push Stirs Food Inflation Fears in Rebound From Virus
Demand for vegetable oils is growing so fast that North America will go from being a surplus region to facing shortfalls…
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NextEra Is Blocking a Major New Clean Power Transmission Project
(Bloomberg) — A major new transmission line intended to pipe carbon-free hydropower from Canada into the U.S. Northeast has met…
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Chile’s Voters Open Pandora’s Box on New Charter
(Bloomberg Opinion) — Chile surprises again. When voters went to the polls on May 15-16 to say who will rewrite…
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India to Spend $2 Billion More to Cap Nutrient Price for Farmers
(Bloomberg) — India increased its subsidy for di-ammonium phosphate to shield farmers in the country, where about of 60% people…
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Ford Hopes New Electric F-150 Pickup Will Boost EV Street Cred
(Bloomberg) — Linda Zhang, chief engineer of Ford Motor Co.’s new electric F-150 pickup, steers a 3-ton rig onto a…
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AMD CEO Lisa Su Says Chipmaker’s Path Gets Tougher From Here
(Bloomberg) — Advanced Micro Devices Inc. Chief Executive Officer Lisa Su, who took the helm in 2014, has returned the…
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U.S. Federal Reserve Meeting Minutes: April 28 (Text)
(Bloomberg) — Following are the minutes of the Federal Reserve‘s Open Market Committee meeting on April 28: A joint meeting…
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The World Economy Is Suddenly Running Low on Everything
(Bloomberg) — A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today,…
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The Biggest Ideas in Farming Today Are Also the Oldest
(Bloomberg Opinion) — Earth’s soil can sequester vast amounts of carbon — I’ve known this for years. But it wasn’t…
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Why Lumber Trader Stinson Dean Says the Great Short Squeeze Is Over
(Bloomberg) — In case you’ve missed it, lumber has been on a five-day losing streak. After an incredible run that’s…
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Colonial Pipeline Paid Hackers Nearly $5 Million in Ransom
(Bloomberg) — Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week…
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How Do ECB Chiefs Invest Their Own Cash? Not Very Sustainably
When it comes to investing their own money to tackle climate-change or promote better corporate governance, European Central Bank officials…
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How to Make Sense of the Surprising Inflation Signals
(Bloomberg Businessweek) — We’ve been told for years that inflation has been too low. Now that it’s finally reached and…
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