WWTOPAM
- ECONOMY
Hacked Companies Caught in Maze of Notification Requirements
(Bloomberg) — Last summer, Katherine “Kitty” Green received some disturbing news about the computer network at Florida Gulf Coast University,…
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As Crime Rises, N.Y. Prosecutor Candidates Vow to Rein In Office
(Bloomberg) — Despite a recent rise in crime, many of the candidates in the crowded field vying to become the next…
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‘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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Citi Sees the Days of Traders Slamming Phones Coming to an End
(Bloomberg) — The days of traders slamming phones and breaking computers are becoming a thing of the past. Such behavior…
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Fauci Says U.S. Cases High; Cuomo Rejects Quitting: Virus Update
The U.S. recorded a full week with fewer than 70,000 daily Covid-19 cases for the first time since mid-October, though…
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World’s Largest E-Scooter Factory Aims to Make EV Each 2 Seconds
(Bloomberg) — Bhavish Aggarwal surveys the empty 500-acre expanse encircled by neon-painted homes, tiny shrines and mango groves. The high-profile…
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Biden Nears Big Win as $1.9 Trillion Stimulus Goes to Final Vote
(Bloomberg) — President Joe Biden is on the cusp of his first legislative win with the House ready to give…
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U.K. Steps Up Vaccinations; Japan Eyes Approvals: Virus Update
The U.K. is expanding its vaccination program in a signal that it’s on track to meet its targets in fighting…
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Hackers Breach Thousands of Microsoft Customers Around the World
(Bloomberg) — A sophisticated attack on Microsoft Corp.’s widely used business email software is morphing into a global cybersecurity crisis,…
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U.S. Cases Ease Further With Stimulus on the Way: Virus Update
U.S. Covid-19 cases increased by about 65,000 Friday, in a week in which new infections declined by 12%. Many states…
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One U.S. State’s Laser Focus on Data Helps Shrink Racial Vaccine Gap
North Carolina is among the best-performing U.S. states when it comes to distributing vaccines evenly among Black and White residents. That’s partly…
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Biden’s Quiet Style Belies Ambitions Beyond Undoing Trump Legacy
(Bloomberg) — The new U.S. president starts his days with an early morning workout in the gym of the White…
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Curbs Ease Across U.S.; NYC Movie Theaters Reopen: Virus Update
(Bloomberg) — Theaters in New York City, the nation’s second-largest movie market, reopened after a yearlong hiatus. The city’s mayor…
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U.S. Vaccinated Half Its Seniors. The Next Half Will Be Harder
(Bloomberg) — More than half of Americans 65 years old and over have gotten a Covid-19 vaccination, but lingering hesitancy…
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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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Forget GameStop. If You Want Real Risk, Invest in Supercars
(Bloomberg Businessweek) — Everyone notices the doors, but few pay much attention to the sills. In 1954, Mercedes-Benz unveiled its…
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Timely GameStop Sale Lifts Senvest Hedge Fund to 60% Return
(Bloomberg) — A hedge fund that was one of GameStop Corp.’s top shareholders gained about 60% in the first two…
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World’s Worst Covid Crisis Is Unfolding in Brazil, Where No Fix Seems to Work
(Bloomberg) — More than a year after a spiked virus launched a murderous campaign across the globe, most countries have…
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ETFs Show Balance Is Shifting in Favor of Emerging-Market Stocks
(Bloomberg) — If capital flows into U.S. exchange-traded funds are any indication, investors have begun to favor emerging-market stocks over…
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Biden Stimulus Faces Lengthy Final Gauntlet of Senate Votes
(Bloomberg) — Senate Democrats face a gauntlet of Republican attempts to rein in President Joe Biden’s $1.9 trillion stimulus package…
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Luokung Sues To Get Off Trump Blacklist of Chinese Companies
(Bloomberg) — Luokung Technology Corp. asked a U.S. court to reverse its last-minute inclusion by the Trump administration on a…
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Saudis Bet ‘Drill, Baby, Drill’ Is Over in Push for Pricier Oil
(Bloomberg) — Saudi Arabia just made a high-stakes wager that the glory days of U.S. shale, which transformed the global…
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Tokyo to Extend Emergency; NYC Gets J&J Shots: Virus Update
(Bloomberg) — New York City has received its first delivery of the one-shot Johnson & Johnson vaccine, Mayor Bill de…
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House Panel Probes Opioid Companies on Tax Breaks for Legal Fees
(Bloomberg) — The House Oversight and Reform Committee is probing whether executives at four drug industry companies plan to use…
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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.S. Senate Votes to Take Up $1.9 Trillion Pandemic Relief Bill
(Bloomberg) — The U.S. Senate voted to take up a $1.9 trillion pandemic relief bill backed by President Joe Biden,…
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Texas Watchdog Says Power Grid Operator Made $16 Billion Error
(Bloomberg) — A firm hired to monitor Texas’ power markets says the region’s grid manager overpriced electricity for almost two…
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NYC Investor Spent $1.5 Million on June Democratic Voter Push
(Bloomberg) — More than 22,500 New Yorkers switched to the Democratic Party amid a $1.5 million campaign led by venture…
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Square to Buy Jay-Z’s Music Service Tidal, Appoint Him to Board
(Bloomberg) — Square Inc. has agreed to buy a majority stake in Tidal, the streaming music service led by rapper…
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Fallen King of Cable TV Bets That Live Sports Can Stem Decline
(Bloomberg) — Once an icon of cable TV’s money-minting powers, USA Network today symbolizes the industry’s long slide in the…
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Back to Work: What Recovery Felt Like for Millions of Americans
(Bloomberg) — It’s been a year since Covid-19 triggered the steepest economic collapse in modern U.S. history, with more than…
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Renegade Crypto Exchange Enlists Mainstream CEO for Makeover
(Bloomberg) — Alexander Höptner was leading the Börse Stuttgart when he jumped at the chance to take a top job…
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Senate Final Vote on Stimulus Likely Pushed Into Weekend
(Bloomberg) — The Senate enters the final stages of debating President Joe Biden’s $1.9 trillion pandemic relief bill on Thursday,…
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Renegade Crypto Exchange Turns to Mainstream CEO for a Makeover
(Bloomberg) — Alexander Höptner was leading the Börse Stuttgart when he jumped at the chance to take a top job…
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Billionaire Lemann Is Stepping Down From Kraft Heinz’s Board
(Bloomberg) — Jorge Paulo Lemann is leaving the board of Kraft Heinz Co., the giant consumer company he helped put…
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Indian Vaccine Effective; Record Deaths in Brazil: Virus Update
(Bloomberg) — An experimental vaccine developed by India’s Bharat Biotech International Ltd. showed 81% efficacy in an interim clinical trial.…
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Snowflake Falls on Slower Product Sales Growth Forecast
(Bloomberg) — Snowflake Inc. dropped in extended trading after projecting its product revenue growth will slow in the current quarter…
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House Set to Pass Elections Overhaul, But Senate Action Unlikely
(Bloomberg) — House lawmakers are slated to pass a landmark bill Wednesday that would overhaul nearly every aspect of U.S.…
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Security Guards Face the Hazardous Job of Enforcing Covid Rules
(Bloomberg Businessweek) — One Sunday last May, Karmen Kolda arrived early for his 11 a.m. shift as a security guard…
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JPMorgan Adds Goldman Dealmaker to Strategic Investors Team
(Bloomberg) — JPMorgan Chase & Co. is hiring Haidee Lee from Goldman Sachs Group Inc. as head of mergers and…
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Exxon Outlines Plan to Boost Returns and Grow Its Dividend
(Bloomberg) — Exxon Mobil Corp. outlined a target to achieve returns of least 30% on new projects after reducing capital…
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Biden’s State Rescue Dwarfs Tax Hit, Turning It Into Stimulus
(Bloomberg) — Listen to any of the architects of the $1.9 trillion spending package winding its way through Congress —…
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Amazon, Google Vie for Piece of India’s Digital Payments Market
(Bloomberg) — Technology giants Facebook Inc., Amazon.com Inc. and Google and credit-card providers Visa Inc. and Mastercard Inc. are among…
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Cuomo’s Aura of Invincibility Crumbles Under Weight of Scandals
(Bloomberg) — New York Governor Andrew Cuomo, who has dominated New York state politics for more than a decade and…
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Tokyo to Extend Emergency; Australia Stays Shut: Virus Update
(Bloomberg) — Tokyo plans to ask the national government to extend the coronavirus state of emergency, according to the Nikkei,…
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Billionaire Fund Manager to Pay $105 Million in NY Tax Case
(Bloomberg) — A billionaire hedge fund manager agreed to pay $105 million to New York, the biggest fine of its…
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Warren Backs More Audits for Rich as Part of Wealth Tax Plan
(Bloomberg) — Senator Elizabeth Warren said IRS funding should be bolstered so the richest Americans get audited about once every…
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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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Microsoft Steps Up Push to Bring Virtual Reality to the Masses
(Bloomberg) — Microsoft Corp. unveiled software tools designed to make it easier and less expensive for people to access virtual…
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