Bloomberg

2021-05-20 14:32:54 Bitcoin and Ether remain under pressure, with the two leading cryptocurrencies slipping back toward this week’s lows during Asian trading before rebounding. Bitcoin dropped as much as 8.7% but subsequently climbed to trade around the $40,000 mark. https://bloom.bg/3hE6unA

Banks have been drastically shrinking their footprints in London for years as job cuts reduced demand for desks. Brexit and the pandemic compounded the situation. Now, as the U.K. emerges from the pandemic, its Canary Wharf financial hub is searching for a new identity. https://bloom.bg/3tYZoMZ

Swedish oat milk company Oatly debuts Thursday in New York after raising $1.4 billion in an initial public offering. Brothers Rickard and Bjorn Oste, who co-founded the company, have a combined stake worth $448 million. https://bloom.bg/2RAmVXB Open / Comment

2021-05-20 07:00:03 Israel and Seychelles have both vaccinated a majority of their populations, yet Covid cases are declining in the former and rising in the latter. One reason may be the types of vaccine used. https://bloom.bg/3hEYXox

A U.S. consulate in China warned Americans to avoid the area around a Shenzhen skyscraper that mysteriously wobbled. No earthquake struck the city when tenants felt the shake. https://bloom.bg/3u0VCmf

It’s the latest twist in the world of blank-check mergers: A company plans to go public with a SPAC and use it to buy back an affiliate that it took public using another SPAC. (Did you get all that?) https://bloom.bg/3u4ceJS Open / Comment

2021-05-19 14:03:34 New York's attorney general said her investigation of the Trump Organization, which had been civil, has morphed into a criminal probe. Former president Donald Trump’s company is also under criminal investigation by the Manhattan district attorney. https://bloom.bg/3hyNozr

In five years since the Paris climate accord, banks have poured more than $3.6 trillion into fossil fuel. In 2021 lenders are on pace to commit more financing to climate-friendly projects for the first time. https://bloom.bg/3ykZEcB

And what Elon Musk giveth, he also taketh away. Bitcoin has erased all the gains it notched since Tesla's big bet using $1.5 billion in corporate cash to buy the digital asset and accept it as a form of payment for its vehicles. https://bloom.bg/3uZVzsg Open / Comment

2021-05-19 06:07:58 Bitcoin and other major cryptocurrencies slumped after the People’s Bank of China reiterated that digital tokens can’t be used as a form of payment. https://trib.al/WHVJWGH

Complacency let Covid break down Taiwan’s only line of defense. A surge from zero to quadruple digits signals undetected spread has occurred for months. https://trib.al/1POWDz5

How to retire early. Or place smart bets. Or land a rover on Mars. Here are 50 life lessons from really smart people. https://trib.al/GCCzIXL Open / Comment

2021-05-18 13:58:52 Elon Musk's Twitter posts keep sending Bitcoin prices tumbling. His own fortune is heading in the same direction, as the Tesla CEO on Monday lost his spot as the world’s second-richest person to LVMH Chairman Bernard Arnault. https://bloom.bg/2SYKDNz

Exclusive new data show that over the past decade, a stark racial disparity has developed in wealth through homeownership in the U.K. Here's the ugly truth about how London's property boom left Black Britons behind. https://bloom.bg/2T2L7SZ

After devastating India's biggest cities, the latest virus wave is now ravaging rural areas. Most villages have no way to fight the virus, and entire families are being wiped out. https://bloom.bg/3bzP6fQ Open / Comment

2021-05-18 06:00:28 Michael Burry of “The Big Short” fame has placed a big bet against Tesla. His firm Scion Asset Management owned bearish puts against 800,100 shares as of March 31, according to a new regulatory filing. https://bloom.bg/3hxxmWo

Joe Biden’s income fell dramatically to $607,336 in 2020, but he still earned enough to pay the higher tax rates he’s proposed for wealthy people, according to a return obtained by Bloomberg. https://bloom.bg/3ftLLjA

China moved an oil-producing city 80 kilometers away — and then turned it green. Here’s how. https://bloom.bg/2S6Iqzi Open / Comment

2021-05-17 14:20:10 Elon Musk sent Bitcoin rallying back above $45,000 on Monday after clarifying that Tesla hasn't sold any holdings of the digital token. https://bloom.bg/3tXnAiS

A year ago, as the pandemic raged, consumers were the ones panic-buying. Today, demand from companies is upending global supply chains, and the world economy is running low on everything. https://bloom.bg/3yhvGWX

Companies are finally planning how to get their employees back in person. But the new hybrid office may not be as flexible as you hoped for. https://bloom.bg/3w8ZJhK Open / Comment

2021-05-17 08:04:21 Hello, here’s what we’re reading:

Microsoft conducted an investigation into Bill Gates’s involvement with an employee almost two decades ago after being informed in 2019 of his attempt to start a romantic relationship with that person. It didn’t reach a conclusion because Gates had stepped down before the probe was completed. https://bloom.bg/3bymF1Z

Goldman Sachs is on an unprecedented hiring spree in China and Hong Kong. With billions of dollars in profits at stake, global banks are looking past increasing political tensions with the West. https://bloom.bg/3hwBhCI

And authorities have come to accept what many researchers have argued for over a year: Coronavirus can spread through the air. https://bloom.bg/2S0ekNP Open / Comment

2021-05-14 06:30:38 Hello, here's what we're following right now:

Binance is under investigation by the U.S. Justice Department and the IRS, ensnaring the world’s biggest crypto exchange in efforts to root out illicit activity that so far has thrived in a mostly unregulated market. https://bloom.bg/3hpax77

A few have all but eliminated Covid-19, but now they face an even tougher test: rejoining the rest of the world. Havens like Singapore and Hong Kong risk being left behind as New York and London get back to business as usual. https://bloom.bg/3tKYR1d

India's most popular state leader is also its most radical — a nationalist monk who's increasingly seen as a possible heir to Prime Minister Narendra Modi. He’s tried to quash reports on the country’s deadly Covid crisis. https://bloom.bg/3eLdJbK Open / Comment

2021-05-13 14:09:38 Stocks linked to cryptocurrencies fell in line with a slump in Bitcoin, after Tesla CEO Elon Musk reversed a decision to allow payments with the digital coin. https://bloom.bg/3bG24Jp

Fighting between Israel and Gaza Strip militants is spilling over into communal clashes inside Israel, sparking mob violence between Arabs and Jews. https://bloom.bg/33Fwhnu

The bubble may be bursting, but billionaire SPAC king Chamath Palihapitiya is doing just fine. https://bloom.bg/3tImBTM Open / Comment