Markets
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Elon Musk’s photos show SpaceX rolling out its massive rocket booster for Starship
SpaceX rolls out Super Heavy Booster 4 in preparation for the company’s first orbital Starship launch. Elon Musk SpaceX on…
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What the SEC chair’s comments on crypto mean for a possible bitcoin ETF
Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking Committee hearing in Washington, D.C.,…
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SpaceX says Starlink has about 90,000 users as the internet service gains subscribers
SpaceX added subscribers to its Starlink satellite internet service, with Elon Musk’s company saying it now serves about 90,000 users…
Read More » - ECONOMY
Plug Power Shows One Way to Survive Cleantech’s Booms and Busts
(Bloomberg Markets) — The momentum behind cleantech stocks may be fading—again. For about a year, companies pushing to decarbonize and…
Read More » - ECONOMY
Biden Fed Pick Pits Powell Against Liberal Push for Regulation
(Bloomberg) — President Joe Biden has a tough decision in choosing the next Federal Reserve chair: Play it safe by…
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The Bond Market’s Very Misleading Message
(Bloomberg Opinion) — When it comes to financial markets, narratives are powerful things — and often misleading. The big (and…
Read More » - ECONOMY
Automattic Values Business-Email Startup Titan at $300 Million
(Bloomberg) — Titan, which provides a suite of professional email services for small and medium businesses, announced a $30 million…
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SolarEdge shares surge after quarterly earnings top estimates
A Solarpro employee installs a SolarEdge Technologies Inc. inverter at a residential property in Sydney, Australia, on Monday, May 17,…
Read More » - Finance
Fed Governor Waller sees reduction in bond purchases possibly starting in October
The Federal Reserve could begin slowing down its bond purchases as early as October under a scenario central bank Governor…
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The Dirty Secret of Carbon Accounting That Underpins Climate Goals
There’s a dirty secret of carbon accounting, and it could soon be exposed. That’s because the assumptions most companies base…
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Ex-Banker Gets Her Turn as Billionaire Startup CEO in Nykaa IPO
(Bloomberg) — For years, Falguni Nayar guided the founders of Indian companies through roadshows in Europe and the U.S. as…
Read More » - ECONOMY
U.S. Belatedly Hits Vaccine Goal; IMF Approves Aid: Virus Update
(Bloomberg) — Seventy percent of U.S. adults have received at least one dose of a Covid-19 vaccine, a key milestone…
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Rocket Companies jumps as mortgage lender announces expansion into solar
Signage for Rocket Mortgage by Quicken Loans is displayed on a laptop computer in an arranged photograph taken in the…
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Grab Loss Narrows on Food Delivery Ahead of U.S. SPAC Merger
(Bloomberg) — Singapore’s Grab Holdings Inc., set to go public in the U.S. through a deal with a blank-check company,…
Read More » - ECONOMY
A Trucking Crisis Has the U.S. Looking for More Drivers Abroad
(Bloomberg) — A shortage of truckers across the U.S. has become so severe that companies are trying to bring in…
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SoftBank-Backed Policybazaar Seeks to Join India’s IPO Train
(Bloomberg) — Online insurance marketplace Policybazaar has filed for an initial public offering that could raise as much as 60.18…
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When Will Stocks Drop? Watch Profit Margins (and Get Nervous)
(Bloomberg Opinion) — Want to know where the S&P 500 Index may be headed after reaching another record high? Take…
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Square Deal Vaults Afterpay Founders to $1.8 Billion Fortunes
(Bloomberg) — As a wannabe investment banker, Afterpay Ltd. co-founder Nick Molnar was told to stick to his “side hustle”…
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Unacademy Value Tops $3.4 Billion in Temasek-Led Funding Round
(Bloomberg) — India’s online education startup Unacademy said its valuation reached $3.44 billion in a funding round led by Temasek…
Read More » - ECONOMY
SoftBank-Backed Policybazaar Seeks to Join India Tech IPO Train
(Bloomberg) — Online insurance marketplace Policybazaar has filed for an initial public offering that could raise as much as 60.18…
Read More » - ECONOMY
Aviation Is as Sustainable Now as It Will Be in Your Lifetime
(Bloomberg Opinion) — Could the world be on the brink of a new, cleaner era of aviation? That’s certainly what you…
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Xi Jinping’s Capitalist Smackdown Sparks a $1 Trillion Reckoning
(Bloomberg) — Xi Jinping smiled and hinted at a policy bombshell that would soon roil stock markets from Shanghai to…
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Utilities are struggling to keep the lights on as fires, drought plague California
A customer shops for groceries at La Tapatia Market during a blackout in Napa, California, on Wednesday, Oct. 9, 2019.…
Read More » - ECONOMY
Credit Suisse Bet So Much on Archegos for So Little
(Bloomberg Opinion) — A recurring theme in the gripping and extraordinarily detailed report about Credit Suisse Group AG’s $5.5 billion…
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Top Wall Street analysts are betting on more gains for these stocks as earnings continue
Tesla’s Model Y compact crossover vehicles at a showroom in Shanghai, China, on January 18, 2021. VCG | Visual China…
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Bitcoin Rallies Past Key $40,000 Level to Highest Since Mid-May
(Bloomberg) — Bitcoin hit its highest level since mid-May and continues to build momentum. The largest cryptocurrency is gaining for…
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Bajaj Auto: Retain ‘buy’ with unchanged TP of Rs 4,400
Bajaj’s 2W and 3W exports have averaged 204K in the last 12 months, 13% higher than FY20 despite the impact…
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Pharma CEO Faces Personal Fight for a New Breed of Organ Donors
(Bloomberg Businessweek) — “I went right ahead and did research on my own and found out what he was saying…
Read More » - ECONOMY
From Miners to Big Oil, the Great Commodity Cash Machine is Back
(Bloomberg) — Just over five years ago Anglo American Plc was in deep trouble. The natural resources giant, beset by…
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Gold Buying Keeps On Going Despite Waning COVID Woes
TOPSHOT – Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in … [+] Sydney…
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U.S. Renters Face Evictions; Florida Cases Soar: Virus Update
The U.S. House of Representatives failed to pass legislation that would have extended a national moratorium on renter evictions, leaving…
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Unusual July: Stocks Up, Bonds Up, Gold Up, Bitcoin Up
Investment stock market getty It’s not a markets picture that you see too often. When 4 major categories of assets…
Read More » - Entrepreneurs
City of Miami to Launch ‘MiamiCoin’ to Help Bolster City Funding
Miami City has shared plans to debut a cryptocurrency this summer to help drum up additional funding for local projects.…
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Government denies Bezos’ protest of NASA awarding lunar lander contract to Musk’s SpaceX
Jeff Bezos, owner of Blue Origin, introduces a new lunar landing module called Blue Moon during an event at the…
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Expect Inflation To Surge In Japan, But Fall In The UK
SAN FRANCISCO – MAY 19: Cezar Bonifacio changes the numbers on a gas price display at a Chevron … [+]…
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SEC slaps new disclosure requirements on Chinese IPOs amid Beijing’s crackdown
People exit the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., May 12, 2021. Andrew Kelly…
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Chevron, Exxon earnings top estimates amid recovery in oil and gas prices
Michael Wirth, CEO of Chevron. Adam Jeffery | CNBC Chevron and Exxon on Friday reported profits for the second straight…
Read More » - ECONOMY
Top-Performing India Fund With 42% Return Bets Big on Cyclicals
(Bloomberg) — A top-performing Indian money manager is betting big on cyclical stocks that he sees benefiting from economic reopening…
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In Beirut’s Economic Free Fall, Finding Hope in New Lebanese Food
(Bloomberg) — Last summer, when a deadly explosion ripped through Beirut’s port, chef and restaurateur Riad Aboulteif’s barbecue joint was…
Read More » - ECONOMY
Biden Prepares to Make His Mark on the Fed
(Bloomberg Businessweek) — Joe Biden will soon get a chance to shape the Federal Reserve into an instrument better able…
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Space start-up Varda, founded by SpaceX and Founders Fund veterans, aims to build factories in orbit
Varda co-founders Delian Asparouhov, left, and Will Bruey. Varda Space Industries Varda Space Industries, a start-up founded less than a…
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The U.S. economy is bigger than it was pre-pandemic, but Covid could still decide what happens next
A worker hoists a flight chain at the Calder Brothers’ facility in Taylors, South Carolina, U.S., July 19, 2021. Brandon…
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Robinhood CEO on the meme stock craze: ‘I think it’s a real thing’
Robinhood CEO and co-founder Vlad Tenev on Thursday defended retail clients who invest in so-called meme stocks, saying the phenomenon…
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Peru’s President Puts Himself On a Path To Nowhere
(Bloomberg Opinion) — Peru’s new president, the country’s fifth in five years, has had a rough start. Unfortunately for this Covid-battered economy,…
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Fed holds rates near zero, says economy has gotten better even with pandemic worries
The Federal Reserve on Wednesday held its benchmark interest rate near zero and said the economy continues to progress despite…
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U.S. GDP rose 6.5% last quarter, well below expectations
The U.S. economy rose at a disappointing rate in the second quarter, the Commerce Department reported Thursday in a sign…
Read More » - ECONOMY
U.S. Can Build and Fight Climate Change at Same Time
(Bloomberg Opinion) — As part of efforts to pay for President Joe Biden’s proposed $3.5 trillion spending plan and ahead…
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The Consulting Business Booms Just as Consultants Disappear
(Bloomberg) — McDonald’s isn’t the only company looking hard for workers these days — so is McKinsey. Nearly 2-in-3 consulting…
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‘Do Something’: Nikola Chief Urged Executives to Keep Shares Up
(Bloomberg) — Nikola Corp. founder Trevor Milton is in federal custody Thursday, charged with misleading investors about the state of…
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Hong Kong Internet Gains As China Looks To Reassure Investors
This aerial photo taken on December 19, 2018 shows a general view of the skyline of Hong Kong. … [+]…
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