BON
- ECONOMY
‘Hey, Hey, Money Maker’: Inside the $156 Billion SPAC Bubble
(Bloomberg) — Whenever greed meets reality and giddy markets collapse, Wall Street pros usually admit that they sensed the end…
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Baring Asia to Explore U.S. Listing for CitiusTech via SPAC
(Bloomberg) — Baring Private Equity Asia is considering listing Citiustech Healthcare Technology Pvt. in the U.S. through a merger with…
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Key to Resolving Covid’s Global Debt Crunch: Transparency
(Bloomberg Opinion) — The Covid-19 pandemic and the accompanying economic lockdowns have deepened inequality both within national borders and across…
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The Fed Doesn’t Fear Inflation. Its Critics Have Longer Memories
(Bloomberg Opinion) — “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be…
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CEO of Top Irish Securities Firm Davy Resigns After Scandal
(Bloomberg) — Brian McKiernan, chief executive of Ireland’s biggest securities firm Davy, resigned after regulators accused the company of a…
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Chinese Investors Turn to Bank Stocks as Market Darlings Plunge
(Bloomberg) — China’s most-shunned sector is getting a rare moment in the sun as investors seek shelter from a rout…
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Muni Bonds Prove a Refuge for Investors Hiding From Rising Rates
(Bloomberg) — For now at least, America’s state and local government bonds are a refuge from the losses piling up…
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Covid-Decimated Jobs Rebound Faster Than Expected
(Bloomberg Opinion) — During a webinar on Thursday with The Wall Street Journal, Federal Reserve Chair Jerome Powell made a…
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What You Don’t Remember About the Taper Tantrum
(Bloomberg Opinion) — The jump in global bond yields this past month has drawn many analogies to the so-called taper tantrum of 2013,…
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The Future of Money Is Digital, But Is It Bitcoin?
(Bloomberg Opinion) — The idea that much of today’s cash use will shift to digital tokens is neither faddish nor outlandish, as…
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Here’s What’s in the Senate’s $1.9 Trillion Stimulus Legislation
(Bloomberg) — Senate Democrats on Thursday released an updated version of the $1.9 trillion stimulus plan that Majority Leader Chuck…
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U.K. Debt Chief Hails Gilt Liquidity as Reason for Calm on Rout
(Bloomberg) — The head of the U.K.’s Debt Management Office is hardly batting an eye over the meltdown in U.S.…
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CLSA Loses More Than Half of Its Hong Kong Bond Sales Team
(Bloomberg) — CLSA Ltd. has lost more than half of its fixed income team that focuses on bond sales in…
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With Michaels Buyout, Apollo Picked a Weird Time to Get Crafty
(Bloomberg Opinion) — Michaels Cos.’ management has crafted a lucrative exit for shareholders. The arts and hobby supplies chain announced on Wednesday that it had…
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Junk Bonds Prove to Be a Shelter From the Rates Storm
(Bloomberg Opinion) — The junk-bond market has never offered such low yields. And yet, it might just be the best…
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Regional Bank M&A Won’t Easily Fix the Tech Gap
(Bloomberg Opinion) — Regional U.S. banks are having something of a moment. After M&T Bank Corp. agreed last week to buy…
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Policy Credibility Is Hard to Earn and Easy to Lose
(Bloomberg Opinion) — Some emerging markets managed to stage a great escape from the ravages of Covid-19 by deploying all sorts of…
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Intel Told to Pay $2.18 Billion After Losing Texas Patent Trial
(Bloomberg) — Intel Corp. was told to pay $2.18 billion after losing a patent-infringement trial over technology related to chip-making.…
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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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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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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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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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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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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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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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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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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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Junk Bonds With Low Yields? Here’s Why They’re Hot
(Bloomberg) — High-yield bonds that don’t pay very much? Sounds like an oxymoron, or maybe unwise. But investors are pouring…
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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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South Africa Limits Tax Hikes to Virus-Hit Booze and Tobacco
(Bloomberg) — South Africa’s alcohol and tobacco industries, already reeling by coronavirus restrictions that banned the sale of products, are…
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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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Debt Markets Brace for Higher Yields to Stay as Stimulus Sets In
(Bloomberg) — President Joe Biden’s $1.9 trillion relief plan, plus the prospect of more stimulus later this year, is setting…
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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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Bitcoin Retreats After Swings Highlighted the Risk of Volatility
(Bloomberg) — Bitcoin retreated Tuesday after a bout of volatility highlighted lingering doubts about the durability the token’s mesmerizing rally.…
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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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ESG Magnates Pour Money Into Asia as Rest of Developing World Lags
(Bloomberg) — The emergence of Asia, led by China, as the economic power train of the post-Covid world has just…
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TH Lee Is Said to Mull $3 Billion Material Handling Systems Sale
(Bloomberg) — Buyout firm Thomas H. Lee Partners is considering a sale of Material Handling Systems Inc. that could value…
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Texas Deep Freeze Leads to Canceled LNG Cargoes: Energy Update
(Bloomberg) — The sprawling blackouts that plunged Texas into chaos in the midst of an historic cold blast are easing…
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