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- ECONOMY
Bond Tantrum Has Big Silver Lining for Pensions
(Bloomberg Opinion) — As is often the case with large market swings that evoke the specter of a “regime change,” it’s…
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Carbon Emissions Made a Rapid Recovery From Covid
(Bloomberg Opinion) — The chief benefit of the International Energy Agency’s new monthly data on global carbon emissions, published Tuesday,…
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BlackRock Warns of Whipsawed Emerging Markets After Taper Scare
(Bloomberg) — There’s no immediate end in sight for bond investors getting tugged between risk-on rallies and selloffs that rekindled…
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JPMorgan to opt for ‘carrots and sticks’ approach to vaccine, says CEO Jamie Dimon
JPMorgan will not make a Covid-19 vaccination mandatory but will take a “carrots and sticks” approach to vaccines and the…
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Why Changes to Hong Kong’s Stock Index Are a Big Deal
(Bloomberg) — The Hang Seng Index is undergoing a dramatic overhaul aimed at giving investors who track it greater exposure…
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Goldman Sachs creates new London team to capitalise on Spac boom
Goldman Sachs has shifted two of its most senior equity bankers in London into a new team that will look…
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WHO Says Covid Will Rebound; EU Seeking Normalcy: Virus Update
(Bloomberg) — Global cases rose for the first time in almost two months in the past week, mainly in the…
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China’s Nio Misses Profit Forecast Even as Vehicles Sales Grow
(Bloomberg) — Chinese electric-vehicle upstart Nio Inc. posted a wider-than-expected loss in the fourth quarter, a year after a government…
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Zoom Projects Annual Sales Signaling Growth After Pandemic
(Bloomberg) — Zoom Video Communications Inc. projected annual revenue that would top analysts’ estimates, signaling the video meeting service expects…
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Escape Artists Accused of Freeing Carlos Ghosn Can’t Evade Reckoning in Japan
(Bloomberg) — Fifteen months after security contractor Michael Taylor smuggled the former Nissan Motor Co. chairman Carlos Ghosn out of…
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Softbank agrees $1.6bn settlement with ex-WeWork boss Adam Neumann, others
Softbank has announced it has reached a $1.6bn settlement to a lawsuit brought against it by ex-WeWork chief executive Adam…
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Goldman Sachs revives cryptocurrency desk to cash in on bitcoin hype
Goldman Sachs has relaunched its trading desk for cryptocurrencies as demand for bitcoin and other digital assets continues to increase.…
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An apprenticeship FAQ: What employers need to know about talent development
Technologies such as automation and artificial intelligence are influencing jobs and workflows across every major industry. However, businesses that want…
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South Korea’s Coupang Seeks Up to $3.6 Billion in New York IPO
(Bloomberg) — South Korean e-commerce giant Coupang Inc. is seeking to raise as much as $3.6 billion from an initial…
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Execs at City watchdog FCA face pay cuts amid fallout from LCF collapse
The City watchdog’s executive committee members face pay and bonus cuts as part of the fallout from the collapse of…
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Wall Street Set to Learn How Tough Biden’s Watchdogs Will Be
(Bloomberg) — President Joe Biden’s plans for a new era of tough Wall Street oversight will take center stage this…
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Timeline of the collapse of London Capital & Finance
The ramifications of the now-collapsed mini-bond investment firm London Capital & Finance are still being felt across the City. As…
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Fed’s Brainard Sets Out Reform Plan for Covid-Stressed Markets
(Bloomberg) — Federal Reserve Governor Lael Brainard described a broad regulatory reform agenda for the coming months aimed at fixing…
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How Covid’s Toll Compares With Other Things That Kill Us
At 500,000 and counting, U.S. Covid fatalities are now a lot higher than annual deaths from most of those other…
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IBM Expands Hybrid Cloud Service, Targeting Banks, Health Care
(Bloomberg) — International Business Machines Corp. has publicly released its hybrid cloud service, furthering its plan to pivot the business…
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Teacher Vaccine Eligibility Expands in States Where Supply Lags
(Bloomberg) — Within weeks, teachers in most U.S. states will be eligible for Covid-19 vaccines. It’s unclear whether school openings…
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J&J’s Covid Vaccine Could Protect Millions — If People Take It
(Bloomberg) — Johnson & Johnson’s Covid-19 vaccine could protect millions more Americans from contracting the coronavirus. The key will be…
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This Company Helps Roughnecks Find Renewable Energy Jobs
(Bloomberg) — Alfred Burt grew up following his father across the oil patches of Texas. He carried on the family tradition,…
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How Shaun Donovan Would Run New York
(Bloomberg Opinion) — For more interviews in this series, click here. HOWARD WOLFSON: Let me start by asking you, as…
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Big Oil’s Net-Zero Plans Show the Hard Limits of Carbon Offsets
If you can’t pay the interest on your debts, an IOU isn’t going to be enough to save you from…
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Private Equity Has $300 Billion War Chest for Covid-Hit Property
(Bloomberg) — Real-estate bosses at Blackstone Group Inc. quietly smiled when Britain’s biggest-selling tabloid unwittingly endorsed their largest European real…
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U.K. Mortgage Approvals Ease as End of Tax Relief Approaches
(Bloomberg) — U.K. mortgage approvals dipped in January as the end of a tax cut on property purchases approached. Banks…
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Wall Street Forecasts for U.S. Economy Depend on Services Hiring
(Bloomberg) — Wall Street’s most bullish economic forecasts hang on a simple prediction: everybody will flood back soon to their…
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Biden Putting Tech, Not Troops, at Center of U.S.-China Strategy
(Bloomberg) — The Biden administration is moving to put semiconductors, artificial intelligence and next-generation networks at the heart of U.S.…
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EU signals short-selling crackdown amid GameStop mania — raising ire among market bears
Short-sellers could be faced with increased scrutiny when targeting European companies following the GameStop furore in the US, according to…
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Round-the-World Cruises Are Selling Out More Than a Year in Advance
(Bloomberg) — After a year of isolation and lockdowns, four months on a ship is looking pretty good to cruise super fans.…
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Wall Street Is Set to Learn How Tough Biden’s Watchdogs Will Be
(Bloomberg) — President Joe Biden’s plans for a new era of tough Wall Street oversight will take center stage this…
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Chinese Scientists Find New Strains of African Swine Fever Virus
Chinese scientists have discovered new strains of African swine fever that are milder but highly transmissible, complicating efforts to control…
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Voting Rights Challenged at Supreme Court as States Change Rules
(Bloomberg) — Voting-rights advocates are worried as the U.S. Supreme Court prepares to hear arguments in an Arizona case that…
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Treasury calls for higher corporation tax for ‘unsustainable’ public finances
The Treasury Committee has called for an increase in corporation tax to address the “unsustainable public finances”. The group of…
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The Complete List of Golden Globe Winners
(Bloomberg) — Following is the complete list of winners from Sunday’s Golden Globe Awards in Beverly Hills, California: Best motion…
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A Property Boom Built on Invisible Slums
(Bloomberg Opinion) — A booming stock market at a time of pandemic recession and widening inequality is an unfortunate combination,…
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J&J Shot Clear for Distribution; Cuomo Under Fire: Virus Update
Johnson & Johnson’s one-shot Covid-19 vaccine was cleared for distribution after U.S. Centers for Disease Control and Prevention Director Rochelle…
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Big Pot Companies Target Northeastern States: Cannabis Weekly
(Bloomberg) — Some of the biggest cannabis companies in the U.S., from Terrascend Corp. to Curaleaf Holdings Inc., are preparing…
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Want Fries With That Recovery? Why Services Are Key to Economy
(Bloomberg) — Wall Street’s most bullish economic forecasts hang on a simple prediction: everybody will flood back soon to their…
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How Past Vaccine Races Can Help Win This One
(Bloomberg Opinion) — “The vaccine works. It is safe, effective, and potent.” In 1955, those were the words that told…
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U.S. Clears J&J Vaccine; Brazil Capital Locks Down: Virus Update
Johnson & Johnson’s coronavirus vaccine was cleared for use in the U.S., making a third shot available that could plug…
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Bed Bugs Shied Away With Less Pandemic Travel. They’re Not Gone
They latch onto clothes and luggage in search of human blood. But less travel during the Covid-19 pandemic has helped…
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They Were on Equal Footing. Then the Ground Shifted.
“You just got to scrape along and gut it out,” he said. “We’re really struggling to get by.” But in…
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ByteDance to Boost Education Business With 13,000 New Hires
(Bloomberg) — Chinese social media titan ByteDance Ltd. plans to hire an additional 13,000 employees this year for its education…
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London’s West End Turns Dead End as Shoppers Leave Oxford Street
(Bloomberg) — Kate Moss brought London’s Oxford Street to a standstill in 2007 when the supermodel posed at Topshop’s flagship…
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J&J Gets Initial U.S. Approval; CDC Issues Warning: Virus Update
(Bloomberg) — Johnson & Johnson’s single-shot coronavirus vaccine won the backing of a panel of U.S. government advisers, paving the…
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Biden’s Hopes for Rare Earth Independence at Least a Decade Away
(Bloomberg) — Joe Biden’s ambition to make the U.S. less dependent on other nations for rare earths and minerals critical…
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From Chicago to Geneva, Bonds Blowing Up Captivated Everyone
(Bloomberg) — Thomas Costerg doesn’t usually go to bed with a computer, but he couldn’t help himself Thursday night after…
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The program that could revitalize both red and blue America
Just one month into his term, President Joe Biden faces challenges on multiple fronts. Quelling the COVID-19 pandemic. Delivering on…
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