GLOBALMACR
- ECONOMY
Microsoft Sales, Profit Gain; Shares Drop on Azure Concern
(Bloomberg) — Microsoft Corp. reported sales and profit that exceeded analysts’ estimates for a 10th straight quarter, though investor optimism…
Read More » - ECONOMY
Microsoft Posts Sales, Profit Gain; Shares Drop on Azure Concern
(Bloomberg) — Microsoft Corp. reported sales and profit that exceeded analysts’ estimates for a 10th straight quarter, though investor optimism…
Read More » - 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
Capitalists Are No Longer Welcome in China’s Classrooms
(Bloomberg Opinion) — There were plenty of signs that an assault on China’s for-profit tutoring was coming. But few predicted that Beijing…
Read More » - ECONOMY
‘Unprecedented Spike’ in U.S. Evictions Looming as Ban Expires
(Bloomberg) — A federal ban on evictions is set to expire at the end of July, and this time it’s…
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
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
South Africa Says Third Coronavirus Wave Has Passed Its Peak
South Africa’s government said a third wave of coronavirus infections has passed its peak, a development that could give it…
Read More » - ECONOMY
Raytheon CEO Says ‘Speed Trumps Stealth’ in Hypersonic-Weapon Era
(Bloomberg Businessweek) — Raytheon merged with United Technologies to create a $123 billion aerospace and defense behemoth just as the…
Read More » - ECONOMY
The Saudi Prince of Oil Prices Vows to Drill ‘Every Last Molecule’
(Bloomberg Markets) — The Boeing 767 banked over the Red Sea, turning east into Saudi Arabia. A commercial version of…
Read More » - ECONOMY
Democrats Reject GOP Demand to Set Conditions on Debt Limit Hike
(Bloomberg) — Democratic senators rejected any attempt by Republicans to set conditions for increasing the federal debt limit, showcasing an…
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
U.K. Government Borrowing Pressures Eases as Economy Rebounds
(Bloomberg) — The U.K. borrowed less than officials forecast in the first three months of the fiscal year as an…
Read More » - ECONOMY
London Staff Want Big Pay Rises to Return to Office, Survey Says
(Bloomberg) — London office workers want an average pay rise equivalent to the cost of some annual railway season tickets…
Read More » - ECONOMY
Biden to Name Google Foe Jonathan Kanter as DOJ Antitrust Chief
(Bloomberg) — President Joe Biden plans to nominate Jonathan Kanter as head of the Justice Department’s antitrust division, according to…
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
Leon Black Reveals Intimate Details in Denial of Sexual Assault
Last month she filed a lawsuit against the famed dealmaker, who’s worth more than $11 billion, seeking unspecified damages and…
Read More » - ECONOMY
Global Growth Boom May Disappoint, Morgan Stanley’s Sharma Warns
(Bloomberg) — China’s regulatory crackdown on its technology sector and U.S. consumers possibly saving more than they spend are twin…
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
Biden Says U.S. to Appeal Dreamers Ruling and Congress Must Act
(Bloomberg) — President Joe Biden said the U.S. will appeal a federal judge’s ruling that the DACA program protecting hundreds…
Read More » - ECONOMY
U.S. Cases Triple; Biden Says Misinformation Kills: Virus Update
The U.S. is headed for its worst day of new infections since mid-April, almost tripling from the day before. “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
Moderna’s Next Act Is Using mRNA vs. Flu, Zika, HIV, and Cancer
(Bloomberg Businessweek) — A year ago, Moderna Inc. was an unprofitable company with no marketed products and a promising but…
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
Biden Faces Hard Sell in Asia for Anti-China Digital Trade Pact
(Bloomberg) — Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here.…
Read More » - ECONOMY
Apple Seeks Up to 20% Increase in New iPhone Production for 2021
(Bloomberg) — Apple Inc. has asked suppliers to build as many as 90 million next-generation iPhones this year, a sharp…
Read More » - ECONOMY
Chinese State Media Blasts U.S. Plan for Digital Trade Deal
(Bloomberg) — Chinese state media outlets have criticized the U.S. over discussions for a digital trade agreement among Indo-Pacific economies,…
Read More » - ECONOMY
India Hunger Crisis; Surge in Greek, Dutch Cases: Virus Update
(Bloomberg) — India is facing a hunger crisis after Covid lockdowns forced job losses, more than 15 million alone in…
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 » - 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 » - ECONOMY
Powell Faces Biden Policy Quiz With Renomination in Background
(Bloomberg) — U.S. Democratic lawmakers this week will invite Federal Reserve Chair Jerome Powell to support another big round of…
Read More » - ECONOMY
Biden Team Weighs Digital Trade Deal to Counter China in Asia
(Bloomberg) — White House officials are discussing proposals for a digital trade agreement covering Indo-Pacific economies as the administration seeks…
Read More » - ECONOMY
Walmart’s Flipkart Raises Funding at $37.6 Billion Valuation
(Bloomberg) — Flipkart completed a fundraising round valuing the Indian online retailer at $37.6 billion, with main owner Walmart Inc.…
Read More » - ECONOMY
Walmart’s Flipkart to Raise Funding at $40 Billion Value
(Bloomberg) — Flipkart has completed a fundraising round valuing the Indian online retailer at about $40 billion, with main owner…
Read More » - ECONOMY
Microsoft Is Said to be Buying Cybersecurity Company RiskIQ
(Bloomberg) — Microsoft Corp. has agreed to acquire RiskIQ, a security software maker, as the tech giant tries to expand…
Read More » - ECONOMY
Top U.S. Ship Regulator Pledges to Keep Pressure on Carriers
(Bloomberg) — President Joe Biden’s targeting of shipping lines in a crackdown on uncompetitive industries should be welcome news to…
Read More » - ECONOMY
China Is the First Crack in the Covid Recovery
(Bloomberg Opinion) — China is the first noticeable crack in the Covid-19 recovery. The only major economy to show any…
Read More » - ECONOMY
Binance Booms as Crypto Trading Unfolds Beyond Nations’ Reach
(Bloomberg) — It pays its people in a digital token of its own devising. It’s based wherever its founder happens…
Read More » - ECONOMY
Seoul Social Distances, Australia Gets More Shots: Virus Update
(Bloomberg) — South Korea is tightening curbs on social distancing rules in the greater Seoul area for two weeks starting…
Read More » - ECONOMY
China’s Didi Crackdown Is All About Controlling Big Data
(Bloomberg) — Shortly after Beijing’s shock cybersecurity probe into Didi Global Inc., Chinese social media users furiously passed around a…
Read More » - ECONOMY
Cross River Bank Said to Eye $2.5 Billion Valuation in New Round
(Bloomberg) — Cross River Bank, a regional lender that works with some of the biggest U.S. financial-technology startups, is in…
Read More » - ECONOMY
The ECB Shift on Inflation Is in the “Whatever It Takes” Spirit of Draghi
The changes bring the 19-country bloc to a place that the Federal Reserve, Bank of Japan and others already occupy:…
Read More » - ECONOMY
Text of the U.S. Federal Reserve Meeting Minutes for June 16
(Bloomberg) — Following are the minutes of the Federal Reserve‘s Open Market Committee meeting on June 16: A joint meeting…
Read More » - ECONOMY
Trump Country Rejects Vaccines Despite Growing Delta Threat
(Bloomberg) — Larry Krauck awoke in a strange hospital, the date written on a dry-erase board in his room: Dec.…
Read More » - ECONOMY
Who Gets Left Holding the Digital-Dollar Fad?
(Bloomberg Opinion) — Is the idea of a digital dollar just a fad — like the 1980s craze with parachute pants that became synonymous…
Read More » - ECONOMY
How Wall Street Lost Sight of Didi’s Risks
(Bloomberg Opinion) — Investors who recently bought into multi-billion-dollar Chinese tech listings in the U.S. may have thought they’d be…
Read More » - ECONOMY
Soaring U.S. Rents Are the Sticky Inflation With Staying Power
(Bloomberg) — The cost of renting a home is soaring in cities across the U.S., squeezing the finances of low-income…
Read More » - ECONOMY
Australia Seeks the Goldilocks Exit From Stimulus
(Bloomberg Opinion) — Australia has taken a small step toward dismantling part of the stimulus it unleashed to fight Covid-19.…
Read More »
