WWTOPAM
- ECONOMY
Brazil Lifts Covid Restrictions as Cases, Deaths Finally Ease
(Bloomberg) — Brazilian states and cities are preparing to suspend most limitations on businesses and gatherings as Covid cases and…
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The Dirty Secret of Carbon Accounting That Underpins Climate Goals
There’s a dirty secret of carbon accounting, and it could soon be exposed. That’s because the assumptions most companies base…
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Biden Fed Pick Pits Powell Against Liberal Push for Regulation
(Bloomberg) — President Joe Biden has a tough decision in choosing the next Federal Reserve chair: Play it safe by…
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U.S. Belatedly Hits Vaccine Goal; IMF Approves Aid: Virus Update
(Bloomberg) — Seventy percent of U.S. adults have received at least one dose of a Covid-19 vaccine, a key milestone…
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Grab Loss Narrows on Food Delivery Ahead of U.S. SPAC Merger
(Bloomberg) — Singapore’s Grab Holdings Inc., set to go public in the U.S. through a deal with a blank-check company,…
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The Winners and Losers in the Bipartisan Infrastructure Bill
(Bloomberg) — A Senate plan to spend $550 billion on U.S. infrastructure stands to benefit industries heavily dependent on transportation,…
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Mexico’s Voters Largely Skip AMLO’s Referendum to Probe Ex-Leaders
(Bloomberg) — A nationwide referendum spearheaded by Andres Manuel Lopez Obrador to investigate his five predecessors came up far short…
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A Trucking Crisis Has the U.S. Looking for More Drivers Abroad
(Bloomberg) — A shortage of truckers across the U.S. has become so severe that companies are trying to bring in…
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Senate Poised to Deliver Infrastructure Win for Biden Agenda
(Bloomberg) — The U.S. Senate is heading toward passage this week of a $550 billion infrastructure bill that would provide…
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Square Deal Vaults Afterpay Founders to $1.8 Billion Fortunes
(Bloomberg) — As a wannabe investment banker, Afterpay Ltd. co-founder Nick Molnar was told to stick to his “side hustle”…
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Lack of Progress in Treating Covid Causes Worry for Unvaccinated
(Bloomberg) — A stall in treatment advances for Covid-19 has raised concern among medical experts about unvaccinated people, who still…
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Senate Poised to Deliver Infrastructure Win for Biden’s Agenda
(Bloomberg) — The U.S. Senate is heading toward passage this week of a $550 billion infrastructure bill that would provide…
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Fauci Backs Vaccines; U.K. Plans Booster Shots: Virus Update
(Bloomberg) — Anthony Fauci, the U.S.’s top infectious disease doctor, said Covid-19 vaccines work extremely well and that a return…
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Xi Jinping’s Capitalist Smackdown Sparks a $1 Trillion Reckoning
(Bloomberg) — Xi Jinping smiled and hinted at a policy bombshell that would soon roil stock markets from Shanghai to…
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Ex-Wife’s Property, Utah Ranch: How Wealthy Secure High Bails
(Bloomberg) — In less than a week, Trump ally Tom Barrack was freed for $250 million and Nikola Corp. founder…
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Florida Breaks Record; Biden Struggles on Delta: Virus Update
Florida has become the new national epicenter as it recorded its highest one-day increase of Covid cases since the start…
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Bitcoin Rallies Past Key $40,000 Level to Highest Since Mid-May
(Bloomberg) — Bitcoin hit its highest level since mid-May and continues to build momentum. The largest cryptocurrency is gaining for…
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Pharma CEO Faces Personal Fight for a New Breed of Organ Donors
(Bloomberg Businessweek) — “I went right ahead and did research on my own and found out what he was saying…
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U.S. Men’s Soccer Group Joins Women’s Team in Pay Fight
(Bloomberg) — The labor organization for the U.S. men’s soccer team and the Equal Employment Opportunity Commission filed court papers…
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U.S. Renters Face Evictions; Florida Cases Soar: Virus Update
The U.S. House of Representatives failed to pass legislation that would have extended a national moratorium on renter evictions, leaving…
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Deutsche Bank Struggles With Slew of Departures in U.S. Wealth
(Bloomberg) — Deutsche Bank AG has lost a string of U.S.-based wealth management executives over the past year, as Chief…
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A Huge Collection of Bizarre, Rare Pianos Is Coming to Auction
(Bloomberg) — David Winston, who has a royal warrant for the restoration and conservation of pianos, is putting his entire collection…
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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…
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Mandate for U.S. Federal Workers; NYC Cases Climb: Virus Update
(Bloomberg) — President Joe Biden will require federal workers to prove they’ve been vaccinated or wear masks and submit to…
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Zuckerberg Says Facebook’s Future Lies in Virtual ‘Metaverse’
(Bloomberg) — Mark Zuckerberg doesn’t just want you logging in to his company’s products. He wants you living, working and even…
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Private Security Firms Need Better Pentagon Oversight, GAO Says
(Bloomberg) — The Pentagon must improve its tracking and accounting of private security contractors operating alongside military and U.S. civilian…
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‘Do Something’: Nikola Chief Urged Executives to Keep Shares Up
(Bloomberg) — Nikola Corp. founder Trevor Milton is in federal custody Thursday, charged with misleading investors about the state of…
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Chevron Taps Permian Chief to Run New Low-Carbon Division
(Bloomberg) — Chevron Corp. is creating a new business division focused on scaling up new technologies such as carbon capture…
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Energy Guru Is ‘Beyond’ Disappointed With Dwindling U.S. Infrastructure Plan
(Bloomberg) — For almost two decades the U.S. author and climate activist Jeremy Rifkin has advised governments in Europe and China…
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Zuckerberg Says Facebook’s Future Lies in Virtual `Metaverse’
(Bloomberg) — Mark Zuckerberg doesn’t just want you logging in to his company’s products. He wants you living, working and even…
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Virus Surge Upends Plans for Companies Trickling Back to Office
(Bloomberg) — The resurgent coronavirus and return of mask recommendations are hampering corporate America’s plans to get back to normalcy.…
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Qualcomm Gives Upbeat Forecast, Lifted by 5G Smartphone Demand
(Bloomberg) — Qualcomm Inc., the world’s largest smartphone chipmaker, delivered a bullish quarterly forecast, helped by the growth of 5G…
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Schools Brace for a Chaotic Reopening With Delta Raging
(Bloomberg Businessweek) — The beginning of the school year is imminent, and superintendents around the country aren’t sweating bus schedules and…
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Republicans Threaten to Oppose Treasury Picks Over Nord Stream 2
(Bloomberg) — Senator Pat Toomey and 11 other Republicans on the Senate Banking Committee are threatening to block two Treasury…
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BlackRock Support Sought in Bid to End 5-Month Coal-Mine Strike
(Bloomberg) — Coal miners from states including Alabama and West Virginia picketed outside BlackRock Inc.’s New York headquarters Wednesday in…
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Fast Internet Everywhere Could Add $160 Billion to U.S. Economy
(Bloomberg) — The U.S. economy stands to gain $160 billion a year in extra output from a successful national high-speed…
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U.S. Residents Search ‘Loss of Taste’ Online as Delta Spreads
(Bloomberg) — Internet searches for “loss of taste” and “loss of smell” — common symptoms of Covid-19 — are on…
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Biden’s ‘Summer of Joy’ Turns Grim as Delta Infections Skyrocket
(Bloomberg) — President Joe Biden promised a “summer of joy” on July 4 as he declared America’s independence from Covid-19.…
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Why ‘Delisting’ Is a Worry in China-U.S. Market Mess: QuickTake
(Bloomberg) — The value of Chinese stocks listed on American exchanges has fallen sharply in recent days, as Beijing clamped…
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South Korea, Thai Case Record; Sydney Lockdown: Virus Update
(Bloomberg) — South Korea and Thailand both announced record daily infections as the coronavirus continues to spread in Asia. Sydney’s…
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J&J Faces Lawsuit by Black Women Over Baby Powder and Cancer
(Bloomberg) — Johnson & Johnson was sued for allegedly marketing baby powder to Black women even though it knew the…
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Microsoft Sales, Profit Gain; Shares Drop on Azure Concern
(Bloomberg) — Microsoft Corp. reported sales and profit that exceeded analysts’ estimates for a 10th straight quarter, though investor optimism…
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This Type of Day Is Price of Progress in Post-Pandemic Stocks
(Bloomberg) — The Nasdaq 100 Index trades for 38 times earnings. Abby Joseph Cohen says it’s a market with “no…
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Microsoft Posts Sales, Profit Gain; Shares Drop on Azure Concern
(Bloomberg) — Microsoft Corp. reported sales and profit that exceeded analysts’ estimates for a 10th straight quarter, though investor optimism…
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Bitcoin Steadies After Foray Past $40,000 on Amazon Speculation
(Bloomberg) — Bitcoin held below $40,000 after Amazon.com Inc. pushed back against speculation it will accept the token for payments…
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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…
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Vaccine Pressure Grows as Patience Runs Thin for U.S. Employers
(Bloomberg) — As a resurgence in Covid-19 cases prompts more U.S. employers to require vaccinations, workers who object face a…
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More Democrats Equal More Power for Republicans in Texas Math
(Bloomberg) — Texas has won two new congressional seats thanks to a surge in the population of people of color,…
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The Remote-Work Czar Is the New Shortcut to the C-Suite
(Bloomberg Businessweek) — Ask a college senior, and “vice president of productivity and remote experience” probably isn’t on her list…
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Intel Pledges to Retake Innovation Crown, Changes Yardstick
(Bloomberg) — Intel Corp., playing catch-up in semiconductor technology after losing its long-held dominance, vowed to become the industry leader…
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