Bloomberg

2021-04-07 06:15:01 It was supposed to be the start of a steadier era for Credit Suisse under a new CEO. But the bank's $4.7 billion Archegos hit has prompted sweeping management changes and cast fresh doubt on its ability to manage risk — all on the heels of the Greensill collapse. https://bloom.bg/3dyNZxa

Investors are bracing for Asia’s worst stock market to fall even further. A spiraling Covid crisis has had a “chilling effect" on Philippine equities. https://bloom.bg/3dHRykY

It's beautiful and virtually Covid-free. Just don't try to buy a house in New Zealand where prices are surging even for the most dilapidated homes. https://bloom.bg/3sW4RVn Open / Comment

2021-04-06 14:16:26 Credit Suisse will take a $4.7 billion writedown tied to the implosion of Archegos Capital Management and replace more than half a dozen executives after the firm's worst trading debacle in over a decade. https://bloom.bg/3cVtFat

Iran and world powers began their most serious attempt yet to resurrect a troubled nuclear deal since Donald Trump sent the accord into freefall in 2018. https://bloom.bg/2PUJogN

The prospects for President Biden's economic agenda could be enhanced by a ruling that opens the door to passing multiple bills this year without any Republican support. https://bloom.bg/2OviNXq Open / Comment

2021-04-06 05:45:01 U.S. Treasury Secretary Janet Yellen made the case for a global minimum corporate tax rate. She believes it would end an international “race to the bottom” by countries luring companies with lower taxes. https://bloom.bg/31S1gf3

New Covid mutations are popping up in increasingly complicated patterns. Scientists are racing to identify variants that can lessen the effectiveness of vaccines for a pathogen that’s unlikely to be eradicated any time soon. https://bloom.bg/3cUwnNs

To understand the global chip crisis, it’s helpful to start with the $1 display driver. Shortages of such seemingly insignificant parts are cascading through the global economy. https://bloom.bg/3mkVDQ1 Open / Comment

2021-04-05 06:05:01 The personal data of more than half a billion Facebook users reemerged online over the weekend. The trove is from a 2019 leak that includes phone numbers, full names, locations and birth dates. https://bloom.bg/3cPhzj9

The world economy is on course for its fastest growth in more than a half century, but the IMF warns “prospects are diverging dangerously” due to disparities in vaccine availability. https://bloom.bg/3cMIY59

China is stepping up its vaccine campaign by pressuring Communist Party members, bank workers and employees at state-owned companies to get shots. Incentives for some residents include free eggs and shopping coupons. https://bloom.bg/3cQrbdj Open / Comment

2021-04-02 06:04:21 Hello, here's what we're reading right now:

It’s impossible to say where Bill Hwang, the hard-charging financial speculator, ends, and Bill Hwang, the Christian evangelist and philanthropist, begins. People who know him say the one is inseparable from the other. https://bloom.bg/3rIF9Cm

Xi Jinping’s sweeping overhaul of Hong Kong’s electoral system this week, aimed at neutralizing pro-democracy voices, is his most dramatic step yet to grab power back from the city’s tycoons. https://bloom.bg/3sKhGlu

And there will be new investing opportunities in whatever “new normal” slowly emerges. We asked five financial advisers for ideas on where to put $100,000 right now. https://bloom.bg/3cKbh46 Open / Comment

2021-04-01 14:01:04 Only 14 months into the role, H&M CEO Helena Helmersson has already suffered plenty of challenges, from store closures and pandemic lockdowns to angry Chinese officials. https://bloom.bg/3frO5cK

Mark Zuckerberg wanted to make Facebook a reliable source about the pandemic. Instead he's helped spread conspiracy theories about vaccines causing infertility. https://bloom.bg/39u9y0M

Egypt said it may seek around $1 billion in compensation after a giant container vessel blocked the Suez Canal for almost a week and roiled shipping markets. https://bloom.bg/3ftSNXv Open / Comment

2021-04-01 06:10:04 Breaking: Hong Kong media tycoon Jimmy Lai and “father of democracy” Martin Lee are among a group of activists convicted of attending an unauthorized protest in 2019. https://bloom.bg/3fuqhVF

A quick sale helped Deutsche Bank dodge a $4 billion Archegos hit. Almost $30 billion of investments are now known to have been liquidated in the family office’s collapse. https://bloom.bg/3wb93m9

15 million Johnson & Johnson Covid vaccines have been affected by a plant manufacturing error. None of the doses produced and shipped so far in the U.S. have come from that plant. https://bloom.bg/3u82ZZN Open / Comment

2021-03-31 14:07:25 Deliveroo shares plunged as much as 31%, the worst performance in decades for a big U.K. IPO. It's a blow to London's post-Brexit efforts to lure technology listings. https://bloom.bg/3wdUJcm

President Biden will unveil a $2.25 trillion U.S. infrastructure plan on Wednesday that the administration says will prove the most sweeping since the 1960s space program and 1950s interstate-highway system. https://bloom.bg/31xMolE

And the pandemic has rolled back years of progress on gender pay parity, making women wait a generation longer to earn the same as men. https://bloom.bg/3cCwuwL Open / Comment

2021-03-31 05:01:13 Hello Here’s what we’re reading right now:

China's Covid rebound puts it on track to topple the U.S. as the world's biggest economy before the end of this decade. Here's how it got there. https://bloom.bg/39vbYMB

Volkswagen’s purported name change in the U.S. to “Voltswagen” (get it, because of EVs?) was an April Fool’s joke gone awry. https://bloom.bg/39wxr86

Understanding the sudden losses made by Bill Hwang’s Archegos requires a grasp of some abstract financial lingo. We’ve got you covered: https://bloom.bg/3rAIaEz Open / Comment

2021-03-30 14:21:14 Few ever noticed Bill Hwang as he quietly built one of the world’s greatest fortunes — until that fortune was wiped out in just days. https://bloom.bg/3rzX5in

With the future of fossil fuels in doubt, Big Oil is counting on a hidden army of commodities traders to ride to the rescue. https://bloom.bg/3fuxJjs

After a year of anxiety and isolation, millions of Americans a day are getting immunized against Covid-19, and starting to get their lives back. https://bloom.bg/3sBrqOS Open / Comment