Markets
- ECONOMY
Vaccines Aren’t Enough to Keep British Stocks Exciting
(Bloomberg Opinion) — Investors have done well out of the U.K. reopening trade. The reversal in fortune for many domestically-focused…
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H.K. Electoral Overhaul in Focus, Defense Spending: NPC Update
(Bloomberg) — The future of Hong Kong’s electoral system remains in focus as China’s annual National People’s Congress entered its…
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Frontier Group Revives Plans to Sell Shares in New Airline IPO
(Bloomberg) — Frontier Group Holdings Inc. revived its plan to go public as expectations build for a recovery in flights…
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Florida Cuts Vaccine Age to 60; Global Immunity: Virus Update
(Bloomberg) — U.S. coronavirus cases posted the slowest spread since the pandemic began almost a year ago. The Centers for…
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SpaceX wants to connect its Starlink satellite internet network to moving vehicles
A Starlink user terminal being set up. SpaceX SpaceX wants to begin connecting moving vehicles – from cars and trucks…
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Goldman Sachs forecasts a jobs boom, says unemployment rate could fall to 4.1% by the end of 2021
Unemployment could fall this year to close to where it was prior to the Covid-19 pandemic, according to a Goldman…
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‘Hey, Hey, Money Maker’: Inside the $156 Billion SPAC Bubble
(Bloomberg) — Whenever greed meets reality and giddy markets collapse, Wall Street pros usually admit that they sensed the end…
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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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Investors haven’t fully grasped inflation is ‘dead ahead,’ economist Mark Zandi warns
Investors may want to hold on even tighter. Moody’s Analytics Mark Zandi believes Wall Street is significantly underestimating the seriousness…
Read More » - ECONOMY
Key to Resolving Covid’s Global Debt Crunch: Transparency
(Bloomberg Opinion) — The Covid-19 pandemic and the accompanying economic lockdowns have deepened inequality both within national borders and across…
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The Fed Doesn’t Fear Inflation. Its Critics Have Longer Memories
(Bloomberg Opinion) — “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be…
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Activist Spotlight: What’s behind the campaign to force changes at Kohl’s
A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Company: Kohl’s Corp (KSS) Kohl’s operates…
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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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Jeff Bezos visited the new headquarters of Relativity Space, the 3D-printing rocket builder
The row of two-story tall 3D printer bays at the company’s headquarters. Relativity Space The founders of two private rocket-building…
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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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Muni Bonds Prove a Refuge for Investors Hiding From Rising Rates
(Bloomberg) — For now at least, America’s state and local government bonds are a refuge from the losses piling up…
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Manchester United Returns to Profit Despite Stadium Ban on Fans. The Stock Is Rising.
Manchester United star Marcus Rashford has had an impact on and off the pitch, campaigning to end child food poverty…
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Despite rising inflation, experts say the Fed won’t budge on rates
A man wearing a face mask walks past the U.S. Federal Reserve in Washington, D.C., the United States, on Dec.…
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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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Job growth in February may mark the start of a hiring boom as the economy reopens
Chef Alessandro Pirozzi, from Alessa by Chef Pirozzi, brings a take-out food order to an outside table at the Promenade…
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Covid-Decimated Jobs Rebound Faster Than Expected
(Bloomberg Opinion) — During a webinar on Thursday with The Wall Street Journal, Federal Reserve Chair Jerome Powell made a…
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Here’s where the jobs are — in one chart
The number of jobs added to U.S. payrolls in February blew past expectations thanks to a sharp rebound in restaurant…
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Chamath Palihapitiya sells remaining $213 million personal stake in Virgin Galactic, stock falls 10%
Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and…
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Job growth surges in February on hiring jump in restaurants and bars
Hiring surged in February as the U.S. economic activity picked up amid a progressive drop in Covid-19 cases and vaccines…
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Employers likely added more jobs in February, but economists say there’s no bounce back yet
A worker wearing a protective mask boxes a pizza inside a Costco store in San Francisco, California, on Wednesday, March…
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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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Why this rate-driven sell-off is hitting tech stocks hardest
A Model X is on display at a Tesla showroom on February 13, 2021 in Beijing, China. VCG | Visual…
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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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It’s Too Late for Big Oil’s Pivot to a Carbon Tax
The American Petroleum Institute is debating whether to support a price on carbon. It’s not every day that a top…
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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…
Read More » - Finance
Mark Mobius: Yep we’re in a bubble, especially in crypto
Mark Mobius, the veteran emerging markets investor, has warned a bubble is forming in certain parts of the global financial…
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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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Market Correction Continues As Trip.com Results Deliver
Key News Asian equities were a sea of red following the US’ downward performance on rising US Treasury yields. Fed…
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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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Morgan Stanley raises GE target to $17, a high among Wall Street banks
Morgan Stanley is now the biggest General Electric bull on Wall Street after analyst Josh Pokrzywinski raised his target on…
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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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SpaceX denounces Justice Department’s subpoena in hiring practices investigation as ‘government overreach’
The SpaceX Falcon 9 rocket and Crew Dragon capsule stand upright on the launchpad at NASA’s Kennedy Space Center ahead…
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Heavily shorted Tanger Outlet stock pops 20% in sudden move, then pulls back
Tanger Outlets in National Harbor, Md. Mark Gail | For The Washington Post | Getty Images Shares of Tanger Factory…
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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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Republicans Shouldn’t Be Democrats-Lite
(Bloomberg Opinion) — Republicans seem to be toying with the notion that the best way to erase the taint left…
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Exxon CEO Darren Woods promises investors a strong dividend despite 2020 losses
Exxon CEO Darren Woods emphasized the oil giant’s commitment to its dividend after the company lost more than $20 billion…
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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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‘Buzz’ ETF tracking social media sentiment launches Thursday amid Reddit manias in stocks
The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via…
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U.K.’s Go-Big Budget Masks Spending Cuts Seen as Austerity 2.0
(Bloomberg) — Prime Minister Boris Johnson’s government is being accused of dropping its pledge to end austerity after cutting a…
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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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Deliveroo picks London for $7bn IPO
Food delivery company Deliveroo has chosen London for its initial public offering. In a 4 March press release, the firm…
Read More » - ECONOMY
U.K. Debt Chief Hails Gilt Liquidity as Reason for Calm on Rout
(Bloomberg) — The head of the U.K.’s Debt Management Office is hardly batting an eye over the meltdown in U.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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CLSA Loses More Than Half of Its Hong Kong Bond Sales Team
(Bloomberg) — CLSA Ltd. has lost more than half of its fixed income team that focuses on bond sales in…
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