BON
- ECONOMY
Biden Prepares to Make His Mark on the Fed
(Bloomberg Businessweek) — Joe Biden will soon get a chance to shape the Federal Reserve into an instrument better able…
Read More » - ECONOMY
Biden Should Cut a Deal to Keep Powell at the Fed
(Bloomberg Opinion) — Federal Reserve Chair Jay Powell faces a personal kind of employment challenge: Two important Democratic senators, Sherrod Brown…
Read More » - ECONOMY
India’s Recovery Stumbles, Setting Stage for Sustained Low Rates
(Bloomberg) — India’s economy showed signs of cooling in June as the slow easing of localized lockdowns hurt activity, a…
Read More » - ECONOMY
ECB’s Governing Council Member De Cos Says Uncertainty in Euro Area Very High: Interview
(Bloomberg) — Following is a transcript of a written interview with European Central Bank Governing Council member Pablo Hernandez de…
Read More » - ECONOMY
TPG Raises $5.4 Billion for Climate Fund Chaired by Hank Paulson
(Bloomberg) — TPG has brought in $5.4 billion for its climate investing strategy, making it one of the biggest sustainability-focused…
Read More » - ECONOMY
Artificial Intelligence Could Dramatically Speed Up Climate Action
Technological solutions to climate change can be put into two categories. Vertical solutions that tackle pollution in one sector, say low-carbon…
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
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
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
‘Climate Chancellor’ Merkel Leaves Germans Flooded and Frustrated
(Bloomberg Markets) — Angela Merkel’s slow-motion departure from the German political stage took an ironic turn in April as the…
Read More » - ECONOMY
Fake Crocs Are Being Fought by the Maker of the Real Comfy Clogs
(Bloomberg) — The ungainly but comfy Crocs clogs reached new heights of popularity during the pandemic as not only the…
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
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
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
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
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
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
China’s $1 Trillion Wealth Fund Loses Two Investment Leaders
(Bloomberg) — China Investment Corp. has lost two executives leading investment teams, extending an exodus of senior professionals at the…
Read More » - ECONOMY
Argentina Spawns Another FX Rate as Government Clamps Down: Q&A
(Bloomberg) — Government steps to regain control over the Argentina’s chaotic currency market has led a new unofficial exchange rate…
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
Brazil’s Batista Brothers Are Out of Jail And Worth $6 Billion
(Bloomberg) — Just under four years ago, brothers Joesley and Wesley Batista were in Brazilian prison cells with concrete bunk…
Read More » - ECONOMY
Morgan Stanley’s New CFO Nears Her Debut in Wall Street’s Glare
(Bloomberg) — When Morgan Stanley unveils what’s expected to be one of its best quarters ever, a new voice will…
Read More » - ECONOMY
Italy Seeks Options for Paschi as UniCredit Deal in Doubt
(Bloomberg) — Italy is seeking alternative options to sell Banca Monte dei Paschi di Siena SpA as a deal with…
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
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
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
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
Why Investors Fail to Do What Works
(Bloomberg Opinion) — The financial markets operate in a series of regimes when a certain set of economic conditions exist 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
EU to Press Ahead on Carbon Tax That IMF Criticizes: G-20 Update
(Bloomberg) — Finance ministers from the Group of 20 nations aimed to deliver momentum to the global effort on climate…
Read More » - ECONOMY
The Most Important Number of the Week Is $45.03
(Bloomberg Opinion) — This past week was all about whether the “reflation trade” that underpinned the historic rally in equities…
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
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
How the Pandemic Is Keeping Malaysia’s Politics Messy
(Bloomberg) — Malaysia’s first transfer of power in six decades was hailed as a milestone for transparency, free speech and…
Read More » - ECONOMY
It’s the Beginning of the End of Easy Money
Central banks are starting to tip-toe away from the emergency stimulus they deployed to fight the pandemic-driven global recession. Federal…
Read More » - ECONOMY
Private Equity Follows the Money—and the Money Is Ditching Fossil Fuels
(Bloomberg) — The buyout industry has long been a major backer of fossil-fuel deals. Now it’s rolling out new green…
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
Janney Set to Be Ousted From Stalled N.J. Water Park Muni Deal
(Bloomberg) — Janney Montgomery Scott LLC is set to be ousted as the underwriter of $95 million of municipal bonds…
Read More » - ECONOMY
H.K. Electoral Overhaul in Focus, Defense Spending: NPC Update
(Bloomberg) — The future of Hong Kong’s electoral system remains in focus as China’s annual National People’s Congress entered its…
Read More »
