CONSD
- ECONOMY
What Is Amazon Trying to Be?
(Bloomberg Opinion) — Jeff Bezos might as well join the crowd and call it Amazon+. No other company’s calculus is…
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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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Explore the New Seven Wonders of the World
(Bloomberg Businessweek) — The Seven Wonders of the World were the original bucket list—the places every Socratic disciple wanted to…
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What Does RTO Mean for Our New Pets, Prets and Pelotons?
(Bloomberg Opinion) — What if we can’t work from home forever? Over the last year, countless decisions have been made…
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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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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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Taiwan Proposes Doubling Extra Stimulus to Boost Ailing Economy
(Bloomberg) — Taiwan’s ruling party said it plans to double a proposed increase in stimulus funding as the economy reels…
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Casino Mogul Steve Wynn Must File as Foreign Agent, U.S. Says
(Bloomberg) — The U.S. Justice Department has told former casino magnate Steve Wynn to register as a foreign lobbyist for…
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Is the 5G Race Worth Winning? Amazon Laughs.
(Bloomberg Opinion) — The winners of the 5G race won’t necessarily be the wireless carriers building America’s new high-speed networks…
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Hong Kong Plan for Unused Shots; Moderna for Teens: Virus Update
(Bloomberg) — Hong Kong may donate Covid-19 vaccines to countries more in need of them as local demand for Pfizer…
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Lukashenko’s Air Piracy Has No Western Precedent
(Bloomberg Opinion) — The double standards defense is the Kremlin’s go-to device whenever it’s accused of wrongdoing: “You Westerners have no…
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Uniqlo Made a Bet on Comfortable Bras. Now It’s Paying Off
(Bloomberg) — A years-long bet on comfy bras and underwear has paid off for Japanese fashion retailer Uniqlo, as shoppers…
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Time to Invest? Five Important, Undervalued Watches from the ’80s
(Bloomberg) — Originally published by Paul Boutros on Hodinkee. As someone who both grew up during the 1980s and fell in love…
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Banking Tech Startup Is Unicorn With $250 Million From SoftBank
(Bloomberg) — Banking technology provider Zeta raised $250 million from SoftBank Vision Fund II at a valuation of $1.45 billion,…
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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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Here’s How Brits Can Visit Spain, Italy and Greece This Summer
(Bloomberg Opinion) — Britain’s guidance on where Brits can go on holiday is about as clear as a pair of…
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Planes Rerouted, Bonds Drop After Airport Arrest: Belarus Update
(Bloomberg) — Flights are being re-directed to avoid Belarusian airspace after the government in Minsk forced a Ryanair Holdings Plc…
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ByteDance’s Chief Rival Kuaishou Reveals 37% Sales Growth
(Bloomberg) — Kuaishou Technology reported a 37% gain in quarterly revenue, after TikTok-owner ByteDance Ltd.’s biggest Chinese rival delved deeper…
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Summer Travel Will Require Picking Your Way Through a Maze of Border Rules
(Bloomberg) — Europe is slowly peeling back border restrictions set in place to stop the spread of Covid-19, providing an opening…
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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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Apple Trial Delivers an Epic Surprise
(Bloomberg Opinion) — Epic Games Inc., the maker of Fortnite, may pull out a surprising last-minute victory in its court…
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Oregon Offers $1 Million; U.S. Enlists Dating Apps: Virus Update
(Bloomberg) — The White House is enlisting popular dating apps to encourage Americans to brandish their vaccination status in exchange…
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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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Byron Allen Goes to Court Again to Battle for Black-Owned Media
(Bloomberg) — Byron Allen, the onetime stand-up comic turned all-around media mogul, is a man on a mission. The TV…
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Snap, Rivals Power AR Advertising Boom to Woo Homebound Shoppers
(Bloomberg) — When American Eagle Outfitters Inc.’s in-person sales took a hit from the Covid-19 pandemic last year, the retailer decided…
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A Star Chef Remakes Ham and Cheese to Kickstart Summer Entertaining
(Bloomberg) — Editor’s Note: As more people are working from home, Bloomberg Pursuits is running a weekly Lunch Break column that highlights…
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Biden Team Seeks Chip Information Sharing to Ease Supply Crunch
(Bloomberg) — Commerce Secretary Gina Raimondo said the Biden administration is exploring how to help semiconductor producers and buyers share…
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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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N.Y. Offers Lottery Tickets; EU Backs Certificates: Virus Update
(Bloomberg) — New York state will offer $20 scratch-off lottery tickets as a vaccine incentive, with a maximum payout of…
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Apollo Doubles Its Money in $1 Billion Bet on Tarnished Colleges
(Bloomberg Businessweek) — Apollo Global Management Inc. is known for its no-holds-barred dealmaking. But not long ago, the private equity…
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Atlantic City Casinos Cling to Smokers Amid Tobacco-Free Push
(Bloomberg) — It took a pandemic to halt smoking inside more than 1,000 U.S. gambling venues. Now that the economy…
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India Hotel Startup Oyo Seeks $600 Million Loan Amid Virus Surge
(Bloomberg) — India’s Oyo Hotels is looking to raise $600 million in debt to bolster its finances, according to a…
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Politicians Rush to Preserve Popular Pandemic-Era Telemedicine
(Bloomberg Businessweek) — Video conferences have long outlived their charm, but one pandemic staple remains popular: the virtual doctor’s visit.…
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Tencent Sustains Covid-Era Boom as Revenue Climbs 25%
(Bloomberg) — Tencent Holdings Ltd. reported a 25% gain in quarterly revenue as China’s largest company sustained a boom in…
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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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Amazon Sued by Five Women Alleging Bias, Retaliation
(Bloomberg) — Amazon.com Inc. was hit Wednesday with lawsuits from five women alleging harassment, discrimination and retaliation. The women, who…
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Dogs Detect Covid-19; Transmission After Vaccine: Virus Update
(Bloomberg) — The vaccines developed by Moderna Inc. and the Pfizer Inc.-BioNTech SE partnership appear more effective in preventing people…
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Amazon Sued by Five Women Alleging Discrimination, Retaliation
(Bloomberg) — Amazon.com Inc. was hit Wednesday with lawsuits from five women alleging harassment, discrimination and retaliation. The women, who…
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Ex-Tencent Veteran Raises $120 Million Fund to Bet on Next Zoom
(Bloomberg) — China’s technology sector has had breakout successes in e-commerce, social media and smartphones. Venture capitalist Peter Cheng is…
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Waymo Eyes Raising Up to $4 Billion as Leaders’ Exits Sow Doubts
(Bloomberg) — Waymo is talking to outside investors about raising as much as $4 billion in additional capital to fuel…
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Tencent Tries to Bounce Back From $200 Billion Antitrust Slide
(Bloomberg) — Tencent Holdings Ltd. is setting out to prove it’s best placed to weather a storm of antitrust scrutiny…
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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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Sexy Tea, the Lion King and Taiwan’s Lost Innocence
(Bloomberg Opinion) — After 15 months leading the world as a case study in epidemic management, Taiwan’s bubble has burst. In…
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China Seeks ‘Red Tourism’ Boost From Party’s 100-Year Milestone
(Bloomberg) — Two Chinese provinces are taking a lead in promoting “red tourism” ahead of the Communist Party’s centennial, as…
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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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So You’ve Decided on a Trip to Europe. Now What?
(Bloomberg Opinion) — The vaccine rollout is accelerating on both sides of the Atlantic and the European Union is trying to reopen its borders…
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How to Get Your Face Ready for the Real World Again
(Bloomberg) — With the Biden administration and the Centers for Disease Control and Prevention announcing that people who have been vaccinated…
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Israeli Tanks, Artillery Join Jets in Offensive Against Hamas
(Bloomberg) — Israeli air and ground troops launched a blistering assault on the Hamas-run Gaza Strip, sweeping aside international appeals…
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Tesla China Sales Falter With Exports Robust on Demand in Europe
(Bloomberg) — Tesla Inc. sales in China dropped last month, a worrying trend amid stepped up criticism of the U.S.…
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Google’s Main Business Could Use Some Moonshots
(Bloomberg Opinion) — When Google renamed itself Alphabet Inc. in 2015, co-founder Larry Page revealed that one of the new…
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