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Transcript: Brian Venturo on the Battle for Semiconductors
And price definitely changes with where crypto is, right?They know that they have a limited supply. It’s virtually unlimited demand.…
Read More » - ECONOMY
On the Jersey Shore, Surf’s Up — Way Up
(Bloomberg Opinion) — In New Jersey’s beach towns, there are two sets of data that always seem to be rising:…
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Signal Jabs at Facebook and Navigates Growing Pains as Popularity Surges
Current and former staffers, who asked not to be identified either because of concerns of breaching confidentiality agreements or professional…
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What Is Amazon Trying to Be?
(Bloomberg Opinion) — Jeff Bezos might as well join the crowd and call it Amazon+. No other company’s calculus is…
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What Happened When Evanston Became America’s First City to Promise Reparations
(Bloomberg Businessweek) — Lucious Sutton disconnected the water line, the gas line, and the sewer line for the home he’d…
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Carmakers Forced by Chip Crisis to Rethink Just-In-Time Ordering
(Bloomberg) — A century after automakers showed the world the value of assembly-line manufacturing, a shortage of semiconductors is teaching…
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India Says Twitter Tries to ‘Dictate Terms’ in Largest Democracy
(Bloomberg) — The Indian government accused Twitter Inc. of attempting to “dictate terms to the world’s largest democracy” and “defame…
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Ivory Trade Loopholes Close as Nations Race to Crush Poachers
(Bloomberg) — Since the 2000’s, an elephant poaching epidemic has raged across Africa, with populations in some areas decimated and…
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Explore the New Seven Wonders of the World
(Bloomberg Businessweek) — The Seven Wonders of the World were the original bucket list—the places every Socratic disciple wanted to…
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What Does RTO Mean for Our New Pets, Prets and Pelotons?
(Bloomberg Opinion) — What if we can’t work from home forever? Over the last year, countless decisions have been made…
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Can Powell Raise Rates With the Arch of an Eyebrow?
(Bloomberg Opinion) — Accelerate on the way down. Going uphill? Skip the elevator and try the stairs. That could well…
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Florida Cruise Tests Rules; U.K. Opening in Doubt: Virus Update
(Bloomberg) — Royal Caribbean Cruises Ltd. said it had been cleared to resume cruises in the U.S. starting with a…
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HP Inc. Gives Upbeat Forecast, Fueled by Continuing Laptop Boom
(Bloomberg) — HP Inc. forecast robust profit gains for the current period, indicating consumers are continuing to spend on personal…
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Biden to Boast of Economic Rebound That GOP Says He Imperils
(Bloomberg) — President Joe Biden will try to bolster his case for his massive spending proposals on Thursday, arguing his…
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Bank CEOs Get Rebuke From Waters Over Overdraft Fees, Gaps in Lending
(Bloomberg) — House Financial Services Committee Chairwoman Maxine Waters rebuked Wall Street CEOs for charging overdraft penalties during the pandemic…
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Fidelity in Talks to Back Relativity Space at $4.1 Billion Value
(Bloomberg) — Relativity Space Inc., a maker of 3D-printed rockets, is in talks to raise $600 million in a funding…
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Google, Shopify Extend Ties in Commerce Blitz Against Amazon
(Bloomberg) — Google is pushing further into e-commerce with new tools and partnerships with Shopify Inc., Square Inc. and others…
Read More » - Market
MSCI’s Index Rebalance Review
UKRAINE – 2021/04/02: In this photo illustration, the stock market information of MSCI Inc. seen … [+] displayed on a…
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Florida May Lose Some of Its Boomer Shine
(Bloomberg Opinion) — The scramble to find service workers has been on display among large corporate employers in recent weeks.…
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Engine No. 1’s Exxon Win Provides Boost for ESG Advocates
(Bloomberg) — The rejection of Exxon Mobil Corp.’s management team marks one of the most significant victories for shareholders who…
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A $250 Million Fund Steers HBCU Endowments Into Venture Capital
(Bloomberg Businessweek) — College endowments illustrate just how deep-rooted inequality is in higher education. U.S. college endowments held about $630…
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Big Business Loses a Political Home Amid Its Feud With the GOP
(Bloomberg Businessweek) — Big business broke with President Donald Trump over tariffs and immigration and resented his Twitter attacks on…
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What Climate Science Loses Without Enough Black Researchers
(Bloomberg) — Vernon Morris had often felt invisible in a profession defined by observation. As a climate scientist, he’s encountered racist…
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Cathie Wood’s Bad Spring Is Only a Blip When the Future Is So Magnificent
(Bloomberg Businessweek) — In the weirdest year of our lives, the rise of Cathie Wood is hardly the weirdest thing…
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A Message to Clean Tech Entrepreneurs: You Are Still Not Late
A week ago, U.S. President Joe Biden signed an executive order urging his administration to create a comprehensive strategy on climate-related…
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A ‘Perfect Storm’ Leaves Hamptons Restaurants Scrambling for Staff
(Bloomberg) — Later this year, the iconic Amagansett seafood shack Lobster Roll will open the first new location in its 55-year history. The outpost will…
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America’s Economic Recovery Isn’t Roaring for Everyone
After more than a year of pandemic, the U.S. economy is roaring back and is now expected to grow by…
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Bayer Request to Settle Future Roundup Claims Is Denied by Judge
(Bloomberg) — Bayer AG’s proposal to pay as much as $2 billion to resolve future claims that its Roundup weed…
Read More » - Market
Pinduoduo Smashes Analyst Expectations As Revenue Goes Vertical
POLAND – 2021/01/05: In this photo illustration, a Pinduoduo logo seen displayed on a smartphone … [+] with stock market…
Read More » - Market
Artificial Intelligence Identifies Cummins Inc Among Today’s Top Buys
getty After stocks ended Tuesday well off their opening highs, stocks were set to start the day in the green…
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SoftBank’s Top 8 Executives Made $64 Million After Record Profits
(Bloomberg) — SoftBank Group Corp. once again demonstrated its willingness to pay the highest compensation in Japan, with eight top…
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Covid Origin Hunt Ordered by U.S.; EU Rips Astra: Virus Update
(Bloomberg) — President Joe Biden said he ordered the U.S. intelligence community to “redouble” its effort to determine the origin…
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Casino Mogul Steve Wynn Must File as Foreign Agent, U.S. Says
(Bloomberg) — The U.S. Justice Department has told former casino magnate Steve Wynn to register as a foreign lobbyist for…
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Snowflake Declines on Forecast for Slowing Product Sales Growth
(Bloomberg) — Snowflake Inc., a software company that debuted with 2020’s biggest U.S. public offering, said product sales will grow…
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Bank CEOs Take Punches From Democrats, Warnings From Republicans
(Bloomberg) — Senator Elizabeth Warren called JPMorgan Chase & Co.’s Jamie Dimon “the star of the overdraft show.” Her Democratic…
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In One Minnesota Town, a Police Overhaul Is Working
“And before he was halfway through his proposal, I said yes,” Anderson said. ***** Although St. Cloud has never faced a…
Read More » - ECONOMY
There’s a Big Change Underway in Bond Markets
Of course, there’s never much agreement when it comes to the term premium, from what it might mean for the rest…
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Icahn on Inflation, Investing, and What He Misses About NYC: Q&A
(Bloomberg) — Billionaire investor Carl Icahn has been a hard-charging shareholder activist for decades. At 83 years of age, he…
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Fight Over Solar Subsidy Tests California’s Climate Commitment
“We’ve got to reform the program for the fairness of everyone,” said Kathy Fairbanks, a spokeswoman for Affordable Clean Energy…
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ECB Probes Whether Goldman, Peers Are Still Too Tied to London
(Bloomberg) — The European Central Bank is stepping up scrutiny of global investment banks’ risk management within the region to…
Read More » - Entrepreneurs
Immigrant Entrepreneur Raises Funds And Builds Serial Businesses By Using Her Network
Silvina Moschini of Intuic, TransparentBusiness, SheWorks!, and Unicorn Hunters Unicorn Hunters Silvina Moschini, an Argentinian immigrant, became a serial entrepreneur…
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Trump Acolytes Craft Parallel GOP Universe So Trumpism Lives On
(Bloomberg) — Allies of Donald Trump have built an ecosystem of think tanks, fund-raising outfits and professional development organizations designed…
Read More » - Market
China Markets See Gains, CNY/USD Nears Three-Year High
SHANGHAI, CHINA – MAY 21: People visit the 10th China Flower Expo with the theme of ‘Blossoming … [+] Chinese…
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Green Finance Hires Political Stars to Protect $30 Trillion Boom
(Bloomberg) — Mark Carney to Brookfield Asset Management. Brexit architect Nigel Farage to DGB Group. A senior Obama aide to…
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Central Banks Face New Balancing Act With Their Huge Asset Piles
(Bloomberg Markets) — Central bankers around the world are mulling the future of their massive bond-buying programs in a post-pandemic…
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WhatsApp Sues India Government Over New Internet Rules
(Bloomberg) — Facebook Inc.’s messaging platform WhatsApp has filed a lawsuit challenging Indian rules that would require the company to…
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Hong Kong Plan for Unused Shots; Moderna for Teens: Virus Update
(Bloomberg) — Hong Kong may donate Covid-19 vaccines to countries more in need of them as local demand for Pfizer…
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Lukashenko’s Air Piracy Has No Western Precedent
(Bloomberg Opinion) — The double standards defense is the Kremlin’s go-to device whenever it’s accused of wrongdoing: “You Westerners have no…
Read More » - ECONOMY
Municipal Electricity Provider in California Files Bankruptcy
(Bloomberg) — Western Community Energy, a local government agency that sells electricity to six small towns in Southern California, filed…
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AI Fund That Was Trouncing Market Is Derailed by Tech Bets
(Bloomberg) — A machine-guided fund that roared ahead of the market at the start of the year is being derailed…
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