INDUSTRIES
- ECONOMY
Baring Asia to Explore U.S. Listing for CitiusTech via SPAC
(Bloomberg) — Baring Private Equity Asia is considering listing Citiustech Healthcare Technology Pvt. in the U.S. through a merger with…
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Orcel vs Botin: Santander CEO Job Feud Heads for Madrid Showdown
(Bloomberg) — Andrea Orcel’s legal feud with Ana Botin shifts this week to a Madrid courtroom where he’ll seek redress…
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A Hack Like This Could Start the Next World War
(Bloomberg Opinion) — It may be years before we get the Franz Ferdinand hack, but one cyber attack has the potential…
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Citi Sees the Days of Traders Slamming Phones Coming to an End
(Bloomberg) — The days of traders slamming phones and breaking computers are becoming a thing of the past. Such behavior…
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Fauci Says U.S. Cases High; Cuomo Rejects Quitting: Virus Update
The U.S. recorded a full week with fewer than 70,000 daily Covid-19 cases for the first time since mid-October, though…
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Singapore Warms to Electric Cars Two Years After Tesla’s Rebuke
(Bloomberg) — After years of not doing much to foster the uptake of electric cars, Singapore has started to embrace…
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World’s Largest E-Scooter Factory Aims to Make EV Each 2 Seconds
(Bloomberg) — Bhavish Aggarwal surveys the empty 500-acre expanse encircled by neon-painted homes, tiny shrines and mango groves. The high-profile…
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Biden Nears Big Win as $1.9 Trillion Stimulus Goes to Final Vote
(Bloomberg) — President Joe Biden is on the cusp of his first legislative win with the House ready to give…
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Airlines See Robust Demand for Once-Marginal Routes, FT Reports
Airlines have seen boosted demand for once relatively unimportant destinations, allowing them to mitigate some of the damage done by…
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U.K. Steps Up Vaccinations; Japan Eyes Approvals: Virus Update
The U.K. is expanding its vaccination program in a signal that it’s on track to meet its targets in fighting…
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Hackers Breach Thousands of Microsoft Customers Around the World
(Bloomberg) — A sophisticated attack on Microsoft Corp.’s widely used business email software is morphing into a global cybersecurity crisis,…
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U.S. Cases Ease Further With Stimulus on the Way: Virus Update
U.S. Covid-19 cases increased by about 65,000 Friday, in a week in which new infections declined by 12%. Many states…
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What’s in the $1.9 Trillion Stimulus Bill Passed by the Senate
(Bloomberg) — Senate Democrats passed the latest version of the $1.9 trillion stimulus bill after a more than 24-hour voting…
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Italy Hires McKinsey for EU Recovery Funds, Upsetting Lawmakers
(Bloomberg) — A decision by the government of Italian Prime Minister Mario Draghi to recruit consulting firm McKinsey & Co.…
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Biden’s Style Belies Ambitions Beyond Undoing Trump Legacy
(Bloomberg) — The new U.S. president starts his days with an early morning workout in the gym of the White…
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CEO of Top Irish Securities Firm Davy Resigns After Scandal
(Bloomberg) — Brian McKiernan, chief executive of Ireland’s biggest securities firm Davy, resigned after regulators accused the company of a…
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One U.S. State’s Laser Focus on Data Helps Shrink Racial Vaccine Gap
North Carolina is among the best-performing U.S. states when it comes to distributing vaccines evenly among Black and White residents. That’s partly…
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Chinese Investors Turn to Bank Stocks as Market Darlings Plunge
(Bloomberg) — China’s most-shunned sector is getting a rare moment in the sun as investors seek shelter from a rout…
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Curbs Ease Across U.S.; NYC Movie Theaters Reopen: Virus Update
(Bloomberg) — Theaters in New York City, the nation’s second-largest movie market, reopened after a yearlong hiatus. The city’s mayor…
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U.S. Vaccinated Half Its Seniors. The Next Half Will Be Harder
(Bloomberg) — More than half of Americans 65 years old and over have gotten a Covid-19 vaccination, but lingering hesitancy…
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Forget GameStop. If You Want Real Risk, Invest in Supercars
(Bloomberg Businessweek) — Everyone notices the doors, but few pay much attention to the sills. In 1954, Mercedes-Benz unveiled its…
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Timely GameStop Sale Lifts Senvest Hedge Fund to 60% Return
(Bloomberg) — A hedge fund that was one of GameStop Corp.’s top shareholders gained about 60% in the first two…
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I Got Vaccinated, Then I Got Covid. What Happened?
(Bloomberg Opinion) — Mary Duenwald, a Bloomberg Opinion editor, tested positive for Covid-19 even after receiving both doses of the Pfizer…
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World’s Worst Covid Crisis Is Unfolding in Brazil, Where No Fix Seems to Work
(Bloomberg) — More than a year after a spiked virus launched a murderous campaign across the globe, most countries have…
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Jalapeño Popper Chicken Is More Interesting Than Any Old Sandwich
(Bloomberg) — Editor’s Note: As more people are working from home, Bloomberg Pursuits is running a weekly Lunch Break column…
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Google Puts Lid on Cookie Jar and Ends an Internet Era
(Bloomberg Opinion) — The cookie is dead. Long live the cookie. Google, the internet search giant, said this week that…
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ETFs Show Balance Is Shifting in Favor of Emerging-Market Stocks
(Bloomberg) — If capital flows into U.S. exchange-traded funds are any indication, investors have begun to favor emerging-market stocks over…
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Microsoft’s $10 Billion Pentagon Deal at Risk Amid Amazon Fight
(Bloomberg) — Microsoft Corp. is in danger of losing a contract to provide $10 billion of cloud computing services to…
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Russia’s Hot IPO Is an $8 Billion Bet On Frugality
(Bloomberg Opinion) — There are few more eloquent expressions of faltering Russian living standards than the rise and rise of…
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What You Don’t Remember About the Taper Tantrum
(Bloomberg Opinion) — The jump in global bond yields this past month has drawn many analogies to the so-called taper tantrum of 2013,…
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Biden Stimulus Faces Lengthy Final Gauntlet of Senate Votes
(Bloomberg) — Senate Democrats face a gauntlet of Republican attempts to rein in President Joe Biden’s $1.9 trillion stimulus package…
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I Wrote a Book on Chinese History. It Was Stolen By Pirates on Alibaba
(Bloomberg Opinion) — I’m a victim of Chinese pirates. Not the seafaring cutthroats with parrots on their shoulders. The treasure…
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Broadcom Falls After Chip Sales Miss IPhone-Fueled Expectations
(Bloomberg) — Broadcom Inc. shares fell after the company’s main chip division reported revenue that just missed Wall Street estimates.…
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The Future of Money Is Digital, But Is It Bitcoin?
(Bloomberg Opinion) — The idea that much of today’s cash use will shift to digital tokens is neither faddish nor outlandish, as…
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Saudis Bet ‘Drill, Baby, Drill’ Is Over in Push for Pricier Oil
(Bloomberg) — Saudi Arabia just made a high-stakes wager that the glory days of U.S. shale, which transformed the global…
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UN Security Council Warned of Dire Crisis in Ethiopia’s Tigray
(Bloomberg) — The humanitarian crisis in Ethiopia’s Tigray region continues to deteriorate with the risk of famine and escalating violence…
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House Panel Probes Opioid Companies on Tax Breaks for Legal Fees
(Bloomberg) — The House Oversight and Reform Committee is probing whether executives at four drug industry companies plan to use…
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Here’s What’s in the Senate’s $1.9 Trillion Stimulus Legislation
(Bloomberg) — Senate Democrats on Thursday released an updated version of the $1.9 trillion stimulus plan that Majority Leader Chuck…
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U.S. Senate Votes to Take Up $1.9 Trillion Pandemic Relief Bill
(Bloomberg) — The U.S. Senate voted to take up a $1.9 trillion pandemic relief bill backed by President Joe Biden,…
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Texas Watchdog Says Power Grid Operator Made $16 Billion Error
(Bloomberg) — A firm hired to monitor Texas’ power markets says the region’s grid manager overpriced electricity for almost two…
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NYC Investor Spent $1.5 Million on June Democratic Voter Push
(Bloomberg) — More than 22,500 New Yorkers switched to the Democratic Party amid a $1.5 million campaign led by venture…
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Baidu Said to Win Hong Kong Bourse Approval for Second Listing
(Bloomberg) — Chinese search engine giant Baidu Inc. has secured approval from the Hong Kong stock exchange for a second…
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In Lockdown Brazil, Everyone Is Watching Big Brother
(Bloomberg Opinion) — After a year battling worsening Covid-19, and with new variants on the loose, Brazilians still face bouts…
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Square to Buy Jay-Z’s Music Service Tidal, Appoint Him to Board
(Bloomberg) — Square Inc. has agreed to buy a majority stake in Tidal, the streaming music service led by rapper…
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TWo Airline Titans Weigh In on the Future of Flight
(Bloomberg Opinion) — One year into the Covid-19 pandemic and a few months into the vaccine rollout, demand for air…
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Fallen King of Cable TV Bets That Live Sports Can Stem Decline
(Bloomberg) — Once an icon of cable TV’s money-minting powers, USA Network today symbolizes the industry’s long slide in the…
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Where Are We in Finding the Coronavirus’s Origin?
(Bloomberg) — More than a year after Covid-19 touched off the worst pandemic in more than a century, scientists have…
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South Korea and Taiwan’s Chip Power Rattles the U.S. and China
(Bloomberg Businessweek) — There’s nothing like a supply shock to illuminate the tectonic shifts in an industry, laying bare the…
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Australia’s Inward Turn Earns a Faster Rebound Than Expected
(Bloomberg Businessweek) — A year of border closures is making Australia rethink its embrace of globalization. Before Covid, the country’s…
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Renegade Crypto Exchange Turns to Mainstream CEO for a Makeover
(Bloomberg) — Alexander Höptner was leading the Börse Stuttgart when he jumped at the chance to take a top job…
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