FIN
- ECONOMY
Power Retailers Contest Exorbitant Energy Charges: Texas Update
(Bloomberg) — Texas lawmakers are grilling power executives, regulators and others for a second day about why the state’s energy…
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Will the 2021 Earnings Bonanza Really Happen?
(Bloomberg Opinion) — Fourth-quarter earnings are just about over, which means investors can officially turn their attention to 2021, a…
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Birkenstocks Are Following Dr. Martens All the Way to the Bank
(Bloomberg Opinion) — Comfy shoes have never been so hot. L Catterton, the private equity fund backed by LVMH Moet…
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Conservative Power Couple Lead the War Against Disinformation
(Bloomberg) — A pair of self-described conservative lawyers are leading the fight to shut down the U.S. election conspiracy theory,…
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Crypto Firm Kraken Said to Seek Roughly $10 Billion Valuation
(Bloomberg) — Kraken is in talks to raise new funding in a move that would more than double the cryptocurrency…
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Democrats Eye Permanent Child Credit Expansion: Stimulus Update
(Bloomberg) — Democratic lawmakers said they’d work on making the expanded child tax credit in President Joe Biden’s $1.9 trillion…
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Inflation Is Uncontainable But Not Inevitable
(Bloomberg Opinion) — Otherwise intelligent people can be surprisingly wrong about economics. The latest example is the claim that current…
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Buffett’s Letter to Break Months of Silence Amid Tumult in U.S.
(Bloomberg) — While 2020 raged, Warren Buffett mostly held his tongue. He stayed quiet through a heated presidential election, a…
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Fed’s Digital Dollar Would Look Nothing Like Bitcoin
(Bloomberg Opinion) — Treasury Secretary Janet Yellen recently mentioned the idea of creating a so-called digital dollar — a new…
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A Trump Tax Break Kicked Off a Race to Redraw U.S. Census Maps
(Bloomberg) — In hockey, it’s the equivalent of moving the red line. Two years ago, the Pittsburgh Penguins, along with…
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The Fed May Need to Head Off a Money-Market Mess
(Bloomberg Opinion) — Investors are worried that a flood of cash could soon disrupt U.S. money markets, as the Treasury…
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China Builders Soar on Land Rules Seen to Favor Big Players
(Bloomberg) — Shares of Chinese developers soared after at least two cities released new land sales rules that may benefit…
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Retail Brokerage Tells IPO-Hungry Clients: Buy Our Stock First
(Bloomberg) — A Kazakhstan-based broker is riding the twin wave of retail investing and the frenzy around U.S. stock listings…
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Two Telecom Lines Fail to Save World’s Top Derivative Bourse
(Bloomberg) — Less than an hour into trading in India’s $2.7 trillion stock market on Wednesday, dealers saw index levels…
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Rao’s Homemade Owner Sovos Brands Said to Explore Sale, IPO
(Bloomberg) — Private equity firm Advent International is exploring strategic options for Sovos Brands, a food and beverage company with…
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Texas Deep Freeze Could Cost $90 Billion in Losses, Modeler Says
(Bloomberg) — Texas’s deep freeze and power outages last week could cost as much as $90 billion in losses, and…
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Two Telecom Lines Fail to Protect World’s Top Derivative Bourse
(Bloomberg) — Less than an hour into trading in India’s $2.7 trillion stock market on Wednesday, dealers saw index levels…
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How Measuring and Reducing Emissions Has Become Its Own Business
(Bloomberg) — A new startup run by former employees of the payment processor Stripe Inc. will help companies analyze the…
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Former Mining Exec Details Suitcase Full of Cash He Used to Seal Deals
(Bloomberg) — A former Glencore director said he used to fly the world carrying a bag full of cash to…
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South Africa to Bailout Land Bank After Debt Default
(Bloomberg) — South Africa’s National Treasury allocated 7 billion rand ($481 million) to recapitalize the country’s distressed state-owned agricultural lender…
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The Worst of Winter Has Passed With the U.S. Entering Spring
(Bloomberg) — The bitter chill that toppled Texas’s power grid and broke records across the Great Plains has retreated and…
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E-Commerce Explosion to Fuel Warehouse Building Boom in Canada
(Bloomberg) — Canada is on the verge of a warehouse building boom as soaring demand for online goods is expected…
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‘Portfolio Warming’ Is the New Climate Anxiety for Fund Managers
(Bloomberg) — All good money managers expect to outperform their benchmark, and by one such metric the French insurer and…
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Mexico Shifts Into Reverse on Electric Vehicles
(Bloomberg Opinion) — The combustible engine’s end date is firming up: General Motors Co., the largest of the Detroit big…
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Lucid Motors Agrees to Go Public With $24 Billion Valuation
(Bloomberg) — Lucid Motors Inc. is merging with a blank-check company run by financier Michael Klein that values the combined…
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ESG Magnates Pour Money Into Asia as Rest of Developing World Lags
(Bloomberg) — The emergence of Asia, led by China, as the economic power house of the post-Covid world has just…
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Trump Rejected as Supreme Court Lets Prosecutor Get Taxes
(Bloomberg) — The U.S. Supreme Court rejected a bid by Donald Trump to keep eight years of his tax returns…
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RBNZ Seen Quashing Talk of Tightening Despite V-Shaped Recovery
(Bloomberg) — New Zealand’s central bank may try to dispel talk of monetary tightening at its first policy decision of…
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Private Equity Faces Whistle-Blower Risk After Push Into Health
(Bloomberg) — Insiders said one company pushed unnecessary pain medication to the U.S. military; another promoted an unproven treatment for…
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