FIN
- ECONOMY
Fed Will Punt on the Economy, Inflation and Asset Prices
(Bloomberg Opinion) — With few expecting the Federal Reserve to begin tapering when it announces the outcome of its latest…
Read More » - ECONOMY
BNY-Backed Crypto Platform Fireblocks Seals Its Unicorn Status
(Bloomberg) — Fireblocks has raised $310 million in a series D round that values the digital-asset platform at $2 billion,…
Read More » - ECONOMY
Two IPOs Reveal Gen Z’s Vision of Banking
(Bloomberg Opinion) — India’s biggest-ever initial public offering can’t be chalked up solely to the zeitgeist. Like most markets, irrational…
Read More » - ECONOMY
Will Business Travel Come All the Way Back?
(Bloomberg Opinion) — Airline CEOs are increasingly bullish about the business travel recovery. Other S&P 500 CEOs aren’t so sure.…
Read More » - ECONOMY
Startup Firms Pitch New Ways to Honor Cremated Loved Ones
(Bloomberg) — The pandemic upended nearly every business — not least, the death industry. With the arrival of Covid-19 in America,…
Read More » - ECONOMY
Credit Suisse Brain Drain Hits Investment Bank in Top Deals Year
(Bloomberg) — When a U.S. insurer indicated it was looking to sell its European business earlier this year, Credit Suisse…
Read More » - ECONOMY
Powell, Whatever You Do, Don’t Say the “T” Word
(Bloomberg Opinion) — It’s pretty unusual for a central banker in a consequential economy to get outflanked by politicians. That is…
Read More » - ECONOMY
Early Crypto Mogul Says China Crackdown May Lead to Outright Ban
(Bloomberg) — China’s crackdown on cryptocurrencies will probably intensify and may even lead to an outright ban on holding the…
Read More » - ECONOMY
Fed Officials to Meet, GDP Data Coming Globally: Eco Week Ahead
Federal Reserve officials aren’t expected to signal a reduction in support for the U.S. economy when they meet this week,…
Read More » - ECONOMY
PropertyGuru to Go Public in $1.8 Billion Deal With Thiel SPAC
(Bloomberg) — Singapore’s online real estate firm PropertyGuru Pte agreed to go public through a merger with Bridgetown 2 Holdings…
Read More » - ECONOMY
Investors Clamoring For Yield Scoop Up Shopping-Mall Bond
(Bloomberg) — Don’t sound the death knell for shopping malls just yet. Yield-starved bond investors are betting some will not…
Read More » - ECONOMY
Trump Probe Prosecutor Made His Name Defending Wall Street Banks
(Bloomberg) — Carey Dunne spent decades at the top of the New York legal profession, making millions defending Wall Street…
Read More » - ECONOMY
Wild Superyacht Secrets I Learned When I Became a Deckhand
(Bloomberg Businessweek) — At a shipyard in the Netherlands—the world’s megayacht maternity ward—the largest vessel of its kind is being…
Read More » - ECONOMY
Why Hasn’t Climate Change Put a Dent in Luxury Real Estate?
(Bloomberg) — About a week after NASA released satellite imagery of California’s precipitously low water reserves, Douglas Elliman published its…
Read More » - ECONOMY
A Startup Plans to Mine the Ocean Floor. It Could Be a Disaster.
(Bloomberg Opinion) — The sea floor between Hawaii and Mexico is covered in potato-sized rocks that contain many of the…
Read More » - ECONOMY
Ex-Barclays Tax Trader Mannan Emerges at Hedge Fund Autonomy
(Bloomberg) — Sadat Mannan, who led a desk at Barclays Plc that made hundreds of millions of dollars from tax-avoiding…
Read More » - ECONOMY
Neuralink Competitor Raises $20 Million for Brain Implants
(Bloomberg) — A competitor to Elon Musk’s Neuralink said it raised $20 million, enough to get it on track to…
Read More » - ECONOMY
Gold Trader’s Chat Bragged About ‘How Easy’ It Is to Manipulate Prices
(Bloomberg) — Chat logs introduced as evidence by prosecutors at the Chicago spoofing trial of two former precious-metals traders for…
Read More » - ECONOMY
UBS Lifts Junior Bankers’ Pay, Following Rivals on Wall Street
(Bloomberg) — UBS Group AG is lifting salaries for junior bankers, associates and directors in the U.S., making it the…
Read More » - ECONOMY
Biden’s Bold Plan to Bring Competition Back
(Bloomberg Opinion) — Brian Deese is director of the National Economic Council at the White House, essentially the chief economic…
Read More » - ECONOMY
Barrack Held Forth on Trump, Real Estate Just Days Before Arrest
(Bloomberg) — A week before he was charged with illegal lobbying for the United Arab Emirates, Tom Barrack traveled to…
Read More » - ECONOMY
Evergrande’s Boss Needs a Lot of New Friends
(Bloomberg Opinion) — In the past, China Evergrande Group has always been able to wiggle out of trouble. In turbulent times,…
Read More » - ECONOMY
House Republican Opposition to Biden Win Still Hurting Donations
(Bloomberg) — The 147 Republicans who voted against certifying President Joe Biden’s victory are still feeling the sting of decreased…
Read More » - ECONOMY
Gopuff Says It Will Expand Hot Food Deliveries Nationwide
(Bloomberg) — Fast-growing delivery startup Gopuff is formalizing its experimental food truck program in a move that extends its menu…
Read More » - ECONOMY
Crypto Firm FTX Valued at $18 Billion as Softbank, Ribbit Invest
(Bloomberg) — Crypto derivatives exchange FTX has completed a series B fundraising round of $900 million that values the company…
Read More » - ECONOMY
Barclays Names New Investment Banking Co-Heads, Management Team
(Bloomberg) — Barclays Plc announced a raft of promotions, led by the appointments of Jean-Francois “JF” Astier and John Miller…
Read More » - ECONOMY
SoftBank Backs Food Delivery App Swiggy’s $1.25 Billion Funding
Global investors have flocked to India’s nascent startup ecosystem, just as the bulk of the country’s 625 million smartphone users…
Read More » - ECONOMY
More Companies Pull Out of Tokyo Olympics Opening Ceremony
(Bloomberg) — More Japanese companies have decided against sending executives to Friday’s opening ceremony for the Tokyo Olympics as concerns…
Read More » - ECONOMY
Biden Nominates Ex-Obama Official Judith Pryor as Export-Import Bank VP
(Bloomberg) — President Joe Biden nominated Judith D. Pryor as first vice president of the Export-Import Bank of the U.S.,…
Read More » - ECONOMY
Crypto Exchanges Have a Plan to Beat Binance: Play by the Rules
(Bloomberg Businessweek) — In the wild world of cryptocurrency exchanges, one strategy never seemed to pay off: embracing regulation. Take…
Read More » - ECONOMY
DirecTV to Sell $3.1 Billion of Junk Bonds As Part of AT&T Split
(Bloomberg) — DirecTV is selling $3.1 billion of junk bonds to help back its split from AT&T Inc., according to…
Read More » - ECONOMY
Bill Ackman Was Too Clever for His Own Good
(Bloomberg Opinion) — Bill Ackman wasn’t content just to raise the largest SPAC ever — the $4 billion Pershing Square Tontine…
Read More » - ECONOMY
The Bond Market Loves New Jersey. Yes, New Jersey.
(Bloomberg Opinion) — High taxes and living costs along with underfunded borrowing once seemed to explain why New Jersey has…
Read More » - ECONOMY
SoftBank-Backed Lenskart Raises $220 Million as India Tech Booms
(Bloomberg) — India’s Lenskart, an online retailer for eyewear, raised $220 million from investors including Temasek Holdings Pte and Falcon…
Read More » - ECONOMY
Grill Makers Are the Hottest Things in Post-Pandemic IPOs
(Bloomberg Businessweek) — Buoyed by a rush of locked-down homeowners investing in high-end barbecue gear, grill makers are taking advantage…
Read More » - ECONOMY
Relentless Bond Rally Has Traders Wondering What They Missed
(Bloomberg) — For the past few months, Priya Misra viewed the bond rally as mainly driven by technical factors such…
Read More » - ECONOMY
California Faces Fire Threat This Weekend From ‘Dry Lightning’
(Bloomberg) — California will be on edge through the weekend as gusty, erratic winds and the threat of “dry lightning”…
Read More » - ECONOMY
U.S. Government Advisory on Hong Kong Business Risks: Full Text
(Bloomberg) — Here is the full text of the advisory issued on Friday by the U.S. State, Treasury, Commerce and…
Read More » - ECONOMY
Hotel Guests Find Damp Towels, Trash Piles in Worker Shortage
(Bloomberg) — Busted shower handles. Soiled sheets. Trash piling up in the hallways. James Androuais saw it all during the…
Read More » - ECONOMY
How Mexico Forgot Its Covid Crisis
(Bloomberg Businessweek) — Every weekday morning, Mexico’s president holds a rambling televised celebration of his supposed successes: a news conference…
Read More » - ECONOMY
U.K.’s Office Workers Set to Stay Home as Reopening Falls Flat
(Bloomberg) — On Monday, England’s white-collar workers will be free from government guidance telling them to work from home. Few…
Read More » - ECONOMY
Why Wall Street Is Afraid of a Digital Dollar
(Bloomberg Businessweek) — Imagine logging on to your own account with the U.S. Federal Reserve. With your laptop or phone,…
Read More » - ECONOMY
Reddit Traders Are Upending the World of Credit Investing, Too
(Bloomberg) — It was the type of master stroke that could make a Wall Street career. Jason Mudrick’s financing of…
Read More » - ECONOMY
Historic Drought in U.S. West Will Persist Through October
(Bloomberg) — The historic drought stretching across California and the U.S. West will likely last through October, with only minor…
Read More » - ECONOMY
SPAC’s Merger With Space Firm Momentus Threatened by SEC Fine
(Bloomberg) — A blank-check company’s acquisition of space-cargo firm Momentus Inc. has been dealt a serious blow by the U.S.…
Read More » - Health
EU carbon border levy limbers up for a soft launch
European Commission Executive Vice-President for the European Green Deal, Frans Timmermans speaks during a news conference on pollution in Brussels,…
Read More » - ECONOMY
Wall Street Outpaces Main Street in Post-Pandemic Recovery
(Bloomberg Opinion) — It has almost become a mundane truth in the direct aftermath of a crisis: If Main Street is…
Read More » - ECONOMY
Lone Star Agrees to Buy CVC’s Chemical Firm AOC for $2.4 Billion
(Bloomberg) — Private equity firm Lone Star Funds has agreed to buy chemicals company AOC from buyout firm CVC Capital…
Read More » - ECONOMY
BofA Survey Signals Cyclical Boom Behind 2021 Rally Has Peaked
(Bloomberg) — Global investors who have been optimistic about the economic recovery for most of this year are now scaling…
Read More » - ECONOMY
Sternlicht’s Starwood Gives Up on Malls After Plunge in Values
(Bloomberg) — Starwood Capital Group owned 30 malls before the Covid-19 pandemic. It’s now down to eight. As values for…
Read More »
/cloudfront-us-east-2.images.arcpublishing.com/reuters/3ZDPZHB5LRPX7EP3ORQTTIT2GE.jpg "EU carbon border levy limbers up for a soft launch 46")