US
- ECONOMY
L Brands Will Spin Off Victoria’s Secret From Bath & Body Works
(Bloomberg) — L Brands Inc. — which had been mulling either a split or sale for its Victoria’s Secret chain…
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IRS Expects to Settle ‘Significant Number’ of Green Tax Cases
(Bloomberg) — The U.S. Internal Revenue Service expects to settle a “significant number” of court cases over challenges to tax…
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The Fed Should Get Out of the Mortgage Market
(Bloomberg Opinion) — If the Federal Reserve is truly as outcome-based as it claims to be under its new policy…
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Metal Mania Drives Markets Higher, Weibo’s Q1 Beats
Weibo weibo Key News Asian equities were mostly higher as South Korea and Australia outperformed following a strong US market…
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Kerry Signals U.S. Is Open to Coordinate Green Diplomacy With EU
(Bloomberg) — U.S. climate envoy John Kerry told the European Union he was open to coordinating with the bloc in…
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Germany Sees ‘Good Summer;’ Taiwan Bans Big Crowds: Virus Update
(Bloomberg) — The discrepancy between more-vaccinated Western countries and Asian economies lagging in jabs is growing starker, with Germany’s health…
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Hackers Find Easy Prey as U.S. Ignores One Warning After Another
(Bloomberg) — The ransomware attack that shut down the nation’s biggest fuel pipeline prompted an all-too familiar question in the…
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If China Shrinks, It’s the World’s Problem
(Bloomberg Opinion) — China’s slowest population growth in decades may be felt more acutely beyond its borders than within them.…
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Transcript: Viktor Shvets on Inflation and the Next Financial Crisis
(Bloomberg) — On this episode of Odd Lots, we speak with Macquarie Strategist Viktor Shvets, to get his take on inflation. Unlike…
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FDA Clears Pfizer Shot for Teens; U.S. Cases Slow: Virus Update
(Bloomberg) — The U.S. Food and Drug Administration approved the use of Pfizer-BioNTech vaccine for children aged 12 to 15.…
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Pipeline Hack Exposes Brutal Vise of Cyber-Era Extortion Schemes
(Bloomberg) — The attack that hit Colonial Pipeline last week is a novel form of cybercrime that puts normally staid…
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Horse Racing Needs to Reckon With Its Drug Issue
(Bloomberg Opinion) — It’s difficult — almost next to impossible — to predict the outcome of the Kentucky Derby, the jewel in…
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7% Growth Looks a Lot Harder After the Jobs Report
(Bloomberg Opinion) — There’s been a lot of optimism in the past few months that the U.S. economy would bounce…
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U.S. Civil Rights Agency Urged to Recognize Caste Discrimination
(Bloomberg Law) — Civil rights advocates are calling on a U.S. agency to recognize that caste discrimination is illegal under…
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How Uber and Lyft Are Losing the Race to the Electric Future
(Bloomberg) — When Curt Kinder bought a new electric Chevy Bolt three years ago, he wanted an excuse to drive…
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Bank CEOs Should Resist the Urge to Hot-Desk
(Bloomberg Opinion) — The degree to which bankers will be back in the office after the pandemic looks very different…
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Pentagon Presses On With Covid Plan to Speed Cash to Contractors
(Bloomberg) — The Pentagon is sticking with a plan developed in the early days of the Covid-19 pandemic to speed…
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Southeast Asia’s Economies Look More Submerged Than Emerging
(Bloomberg Opinion) — Times are tough when you’re wrestling with Covid-19, recession — and a rapidly recovering America. The U.S. offers superior…
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U.S. Infections Ease; U.K. Deaths Slow to Two: Virus Update
U.S. deaths from Covid-19 have been undercounted, President Joe Biden’s top medical adviser said, with the nationwide toll approaching 582,000.…
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Biden Has Emergency Powers to Counter Fuel Disruption
(Bloomberg) — A cyberattack on the nation’s biggest fuel pipeline system has threatened to disrupt the supply of gasoline, jet…
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The Big Question: Is America Headed For a Debt Crisis?
(Bloomberg Opinion) — This is one of a series of interviews by Bloomberg Opinion columnists on how to solve today’s…
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Kominers’s Conundrums: A Puzzle in Honor of Mothers Everywhere
(Bloomberg Opinion) — Happy Mother’s Day! Here at Conundrums, we’re celebrating in our customary way: A puzzle honoring moms everywhere,…
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U.S. Count Eases; India Reports Record Death Toll: Virus Update
The U.S. looks set for its first week since mid-September in which daily coronavirus cases have not exceeded 50,000. India…
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Colonial Is Just the Latest Energy Asset Hit by Cyber-Attacks
(Bloomberg) — A cyber-attack has never taken down a U.S. fuel pipeline quite as big as the Colonial Pipeline. It’s…
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GOP’s Voting Curbs Show Long Reach of 2013 Supreme Court Ruling
(Bloomberg) — Republicans across the U.S. can thank the Supreme Court and Chief Justice John Roberts as they enact the…
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Stay-at-Home Americans Sow White House Angst on Big Jobs Miss
(Bloomberg) — Portia Roberson says it’s “disheartening.” Employers in Michigan are calling her social services group looking for recruits to…
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Jeff Bezos’s New Superyacht Heralds Roaring Market for Big Boats
(Bloomberg) — Even in the ostentatious world of superyachts, project Y721 stands out. When completed, it will be 127 meters…
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UN Chief Bids for Second Term Decrying Capitalism’s Failings
(Bloomberg) — United Nations Secretary-General Antonio Guterres made his case for a second five year-term by saying that countries need…
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Record Daily Deaths in India; WHO Backs China Jab: Virus Update
India reported more than 4,000 single-day coronavirus deaths for the first time as the nation battles the world’s worst outbreak.…
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Trump DOJ Got Phone Records of 3 Washington Post Reporters
(Bloomberg) — The Trump administration’s Justice Department got telephone records and attempted to get the email records of three Washington…
Read More » - Market
China’s Exports Rise Amid Global Recovery, Week In Review
A woman wearing a face mask and holding a bag commemorating the upcoming 100th anniversary of the … [+] founding…
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N.J. Mulls Cash Incentives; U.K. to Ease Travel: Virus Update
New Jersey Governor Phil Murphy said he is considering cash incentives to lure people to get vaccinated. New York City…
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Arthur J. Gallagher Is in Talks to Buy Aon, Willis Assets
(Bloomberg) — Insurance brokerage Arthur J. Gallagher & Co. is in talks to buy a portfolio of assets from Aon…
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Elon Musk on SNL Spurs Dogecoin Watch Parties After 20,000% Gains
(Bloomberg) — They’ll be setting up taco bars, monitoring price movements on dedicated screens and taking a drink every time…
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Theranos Judge Wrestles With How Holmes Played to the Media
(Bloomberg) — A judge is grappling with a request by U.S. prosecutors to add news articles about Theranos Inc. back…
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NYC Teachers Union Sticking by Stringer Calls Treatment ‘Unfair’
(Bloomberg) — The decision by New York City’s largest teachers union to stand by mayoral hopeful Scott Stringer as he…
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Shocking Jobs Miss Rips Up Traders’ Playbooks
(Bloomberg Opinion) — This was supposed to be a U.S. jobs report for the ages. One million more Americans were…
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New Airline’s Plan to Hire College Kids on Flights Gets Pushback
(Bloomberg) — After decades of starting successful airlines and dreaming up new ways to operate them, David Neeleman is again…
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Brazil and India Need Their Own Operation Warp Speed
(Bloomberg Opinion) — Covid-19 is crushing developing countries such as India, Brazil and South Africa, and it won’t help to…
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New Airline’s Plan for College Kids on Flights Gets Pushback
(Bloomberg) — After decades of starting successful airlines and dreaming up new ways to operate them, David Neeleman is again…
Read More » - Market
Chinese Tourists Take 230 Million Domestic Trips During Labor Day Holiday
Air Travelers Wear Masks as a Precaution against Covid-19 istock Key News Asian equities were mostly higher overnight except for…
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Election Watchdog Closes Trump Case on 2016 Payment to Porn Star
(Bloomberg) — The Federal Election Commission deadlocked on continuing the inquiry into the payoff of an adult film star who…
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What It Would Mean for Big Pharma if Vaccine IP Rights Are Waived
(Bloomberg) — A proposal at the World Trade Organization to lift intellectual property protections for makers of Covid-19 vaccines got…
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NYC Floats Tourist Vaccines With U.S. Summer Ahead: Virus Update
(Bloomberg) — New York’s mayor said the city is in talks to offer free vaccines to visitors as a way…
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McKinsey Targeted by School Districts Over Opioid-Related Costs
(Bloomberg) — McKinsey & Co. faces Kentucky and West Virginia school districts’ lawsuits alleging the company’s work for opioid makers…
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Yale’s Swensen Leaves Legacy of Proteges Across Investing
(Bloomberg) — Before David Swensen started working at Yale in 1985, its portfolio consisted mostly of plain-vanilla stocks and bonds.…
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Wall Street Giants Get Swept Up by India’s Brutal Covid Wave
(Bloomberg) — About 8,300 miles east of Wall Street, on a stretch of Bangalore’s Outer Ring Road, sits what was…
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Biden Tax-Hike Exemption for Farms Pushed by Rural Democrats
(Bloomberg) — House Democrats representing key rural swing districts laid down a marker on President Joe Biden’s proposed tax increases,…
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NYC’s Financial District Condos Pile Up as Office Life Retreats
(Bloomberg) — For both homebuyers and office-seekers, one thing is true about Manhattan’s Financial District: There’s lots of space for…
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Could the Next Space Station Be a Hotel?
(Bloomberg Opinion) — In 1967, Barron Hilton, the future head of Hilton Hotels Corp., turned up at an American Astronautical…
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