The back-to-school shopping season has kicked off strongly, offering some relief amid concerns about US consumer resilience, according to Bank of America
These are the shares to watch next week as earnings reports roll in
With an easy path to re-election in November, California Governor Gavin Newsom is stepping up his national presence by trolling the GOP and expressing Democratic frustration
Banks are pushing back on key parts of Washington’s latest bid to get them to boost lending to lower-income communities, setting up a policy clash with key Biden administration regulators and Democratic lawmakers
What came down could continue to go up -- or not via @opinion
A Chinese solar tycoon has doubled his fortune to $13 billion after US sanctions — and he's expanding his operations in Xinjiang
The House is on track to send Biden a roughly $437 billion tax, climate and drug price package for his signature, a hard-fought victory that follows a year of Democratic infighting
Five news stories that captured the City of London's attention this week
Foreigners own less than 3% of US agricultural land, and American farmers are retiring. Here's what we should do to improve food security, says @AdamMinter via @opinion
Barloworld, the South African car dealer and supplier of equipment to the mining industry, is marketing the nation’s first sale of debt linked to gender-diversity targets
Nakheel, the developer of Dubai’s artificial palm-shaped islands, plans to raise a loan of about $4.6 billion to refinance existing debt, sources say
Salt Bae restaurant makes £7 million in just four months in London—even without its celebrity chef
BREAKING: Author Salman Rushdie was attacked Friday as he was about to give a lecture in western New York via @AP
While there’s little doubt now that food inflation is real, measuring price changes can be fiendishly difficult and highly subjective.
Mayonnaise is a perfect example
Mayonnaise is a perfect example
US consumer sentiment rose in early August to a three-month high on firmer expectations about the economy and personal finances
Mastercard is facing pushback from retailers over a new product that allows customers to pay off their purchases in installments
The Senate’s budget plan is a step forward, but the work of fixing the benighted American tax system has barely begun via @opinion
🚨TUNE IN: Colombia's new leftist government headed by Gustavo Petro wants to cut inequality and raise money for poverty-fighting programs. It might not be so easy.
Join the LIVE discussion
🎙@JPSpinetto
🎙@anjaralop
🎙@mjbristow
🎙@PattyLaya
Join the LIVE discussion
🎙@JPSpinetto
🎙@anjaralop
🎙@mjbristow
🎙@PattyLaya
The share of young US workers filing for unemployment has surged during the pandemic
Africa’s biggest wireless market is moving ahead with a proposed 5% tax on voice calls, mobile data and text messages to tackle a mounting fiscal crisis
The US equity market rebound can keep confounding skeptics as inflation trends lower, according to Deutsche Bank’s Dirk Steffen
While there’s little doubt now that food inflation is real, the key question is by how much? The answer isn’t straightforward, but mayonnaise can help answer it
Investors in the US housing market are starting to pull back in a move that could exacerbate the market's slowdown
Breaking news
.@EquityAnimal CEO @itsmarkmoran on investor relations: “The companies we work with have to have strong management, management that thinks on their feet and can handle questions that aren't coming from equity research analysts.”
Could Disney actually sell ESPN?
The sports network is expensive to operate and viewership has declined...
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Falling gas prices buoy consumer sentiment, temper inflation expectations | Link
From @Breakingviews: Giorgia Meloni’s popularity is soaring. Her manifesto, drafted with right-wing allies, favors tax cuts and fiddling with EU recovery cash, says @LJucca. Yet EU and market vigilance will tame radical fiscal ideas that may endanger Italy’s big state debt
Hedge fund billionaire @StevenACohen2 is reportedly setting up a separate, crypto-focused asset manager to trade spot cryptocurrencies and derivatives. @BrandyBetz reports
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Russia's wealth fund could add China's yuan as the Kremlin explores other currencies while sanctions keep dollar and euro assets frozen | Link
Elon Musk says the Tesla Semi Truck will be delivered in 2022
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"Not everything that can be virtualized will have value," says billionaire Mark Cuban. The Dallas Mavericks owner took to Twitter to explain why he doesn't value virtual real estate after slamming #metaverse properties on Altcoin’s YouTube podcast.
Fed's Barkin wants to keep hiking interest rates until there is a 'sustained period' of inflation under control | Link
Warren Buffett's Berkshire Hathaway has plowed over $25 billion into Chevron and Occidental this year. One energy guru suggests why. | Link
Traders expect the ether rally to fizzle out as upcoming merge to proof-of-stake system will be a ‘sell the news’ event | Link
Malcolm Gladwell, addressing criticism: 'Solitary work' can be done at home but for creative work, 'offices really do matter' (via @CNBCMakeIt) | Link
Toast $TOST Rallies After Guidance Tops Analyst Estimates
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🚨TUNE IN: Colombia's new leftist government headed by Gustavo Petro wants to cut inequality and raise money for poverty-fighting programs. It might not be so easy.
Join the LIVE discussion
🎙@JPSpinetto
🎙@anjaralop
🎙@mjbristow
🎙@PattyLaya
After a UBS analyst's note sparked a two-day plunge in the drug makers, their shares rallied Friday after they said there is no evidence the heartburn drug causes cancer. A J.P. Morgan note also called the selloff overdone. | Link
It may not be unexpected, but the trend is unmistakable and growing
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See where high earners moved and drove up typical incomes, making it even harder for locals who make a good salary to buy a home | Link
With Alibaba stake cut, SoftBank's Son cools toward China tech | Link
Ciena $CIEN Gains Following Morgan Stanley Upgrade
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2 simple, everyday ways to help keep the people around you from burning out at work (via @CNBCMakeIt) | Link
France is contending with its worst nuclear outages in decades, putting it at greater risk of blackouts this winter than big neighbors experiencing their own energy headaches | Link
“It's playing out as a sanctions action against @TornadoCash ... not an individual associated with it, but the smart contract itself ... a much more nuanced issue to discuss."
Listen to the conversation with @jillrgunter of @EspressoSys and @nlw.
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WATCH: Britain's economy contracted by less than feared in June, when public holidays had been expected to exert a big drag, although sectors most exposed to a worsening cost-of-living crisis struggled | Link
U.S. consumer sentiment up more than expected in August, survey shows | Link
Wedbush lowered its stock rating to Neutral and kept the $88 price target on the stock unchanged. | Link
The SEC is looking into Melvin Capital Management risk controls and investor disclosures after the hedge fund was crippled by the meme-stock rally last year | Link
Heard on the Street: China’s chip champion had some bumper years thanks to the pandemic. Now SMIC has to grapple with two big problems at once: a drop-off in demand and intensifying geopolitical risks. | Link
Gas prices dropped below $4 in most states—here's how much a gallon costs where you live (via @CNBCMakeIt) | Link
Elon Musk tells Joe Biden to 'free some people in jail for weed here too'
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China tariffs: 3 factors that could affect whether Biden eases the Trump-era duties by @kevcirilli | Link
💰 Love #crypto? Join our community and discuss the hot new virtual currency. 👇
China's housing crash has wiped out $90 billion from builders' stock and bond values this year as debt crisis looms | Link
The San Diego company slashed its forecast for revenue growth in 2022 to between 4% and 5% from 14% to 16%. | Link
Five Chinese state-owned companies to delist from NYSE amid U.S. tensions | Link
📻🎙 Inflation may have cooled to a degree in July, but pressures are still simmering.
@johnauthers weighs in on Bloomberg’s Opinion podcast with @VonnieQuinn
Listen to the full conversation ⤵️
Apple:
Spotify: | Link| Link
Germany is on Track to Meeting its Gas Saving Target | Link
Bitcoin mining hosting firm @APLDBlockchain signed a $15 million loan with a North Dakota bank to pay off its debt and continue building its data centers.
@egreechee reports
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There's more than one important number when it comes to inflation. Bloomberg's @TheStalwart explains how to interpret the latest CPI data | Link