๐ โU.S. lawmakers are close to an agreement on legislation aimed at punishing China for the alleged oppression of Uyghurs, according to sources. https://bloom.bg/31UQAjo
๐ฌ โAfter tightening rules for travelers from the U.S. to include quarantine at a government camp, Hong Kong looks to do the same for those from the U.K. https://bloom.bg/3IKcqXn
๐ฉ๏ธ โOmicron, inflation, Evergrande... What could go wrong? Economists reveal the biggest risks for 2022. https://bloom.bg/3rZEIHz
๐ฌ โAfter tightening rules for travelers from the U.S. to include quarantine at a government camp, Hong Kong looks to do the same for those from the U.K. https://bloom.bg/3IKcqXn
๐ฉ๏ธ โOmicron, inflation, Evergrande... What could go wrong? Economists reveal the biggest risks for 2022. https://bloom.bg/3rZEIHz
๐๐ Two Pfizer shots stop 70% of omicron hospitalizations, according to a new study. https://bloom.bg/33uWoR5
๐ If the financial-services industry was a country, it would rank as the worldโs fifth-largest emitter of greenhouse gases. https://bloom.bg/3oQxtzF
๐ธ ๐ผ Tuition help for low-income workers. Millions in VC funding. A 33-year-old founder poised to reap huge profits. Everybody wins, right? https://bloom.bg/3qdHoPp
๐ If the financial-services industry was a country, it would rank as the worldโs fifth-largest emitter of greenhouse gases. https://bloom.bg/3oQxtzF
๐ธ ๐ผ Tuition help for low-income workers. Millions in VC funding. A 33-year-old founder poised to reap huge profits. Everybody wins, right? https://bloom.bg/3qdHoPp
Hello ๐ Here's what we're following:
๐ฆ Omicron now makes up 3% of all Covid cases in the U.S โ up from 0.1% earlier in December and highlighting the speed of its spread. https://bloom.bg/3s8sf4i
๐ฐ Goldman Sachs and JPMorgan may boost bonuses for investment bankers by 40% to 50% this year, as the Wall Street giants race to keep their workers happy. https://bloom.bg/3s5kBrn
๐ Would you line up at 5 a.m. to buy a $9,500 Chanel bag? Here's how the pandemic created a rush for luxury goods in South Korea. https://bloom.bg/3EVq73y
๐ฆ Omicron now makes up 3% of all Covid cases in the U.S โ up from 0.1% earlier in December and highlighting the speed of its spread. https://bloom.bg/3s8sf4i
๐ฐ Goldman Sachs and JPMorgan may boost bonuses for investment bankers by 40% to 50% this year, as the Wall Street giants race to keep their workers happy. https://bloom.bg/3s5kBrn
๐ Would you line up at 5 a.m. to buy a $9,500 Chanel bag? Here's how the pandemic created a rush for luxury goods in South Korea. https://bloom.bg/3EVq73y
๐ธ Fed Chair Jerome Powell said inflation is enemy No. 1 when it comes to keeping the U.S. economic expansion on track. https://bloom.bg/3J5eKIT
๐ท The omicron variant infects around 70 times faster than previous coronavirus strains, but the severity of illness is likely to be lower, a study said. https://bloom.bg/3saDl98
๐ A wedding rush in India following the lifting of some virus rules has boosted the country's gold imports to a six-year high. https://bloom.bg/3EZYpCx
๐ท The omicron variant infects around 70 times faster than previous coronavirus strains, but the severity of illness is likely to be lower, a study said. https://bloom.bg/3saDl98
๐ A wedding rush in India following the lifting of some virus rules has boosted the country's gold imports to a six-year high. https://bloom.bg/3EZYpCx
๐ฌ๐ง ๐ฆ The Bank of England unexpectedly raises interest rates for the first time since the pandemic struck, setting aside Covid-19โs threat to the U.K. economy. https://bloom.bg/3pZPYAY
๐น๐ท ๐ฆ Turkeyโs central bank is ending its cycle of interest-rate cuts as the lira tumbles to a fresh record-low. https://bloom.bg/3dZ3Xl8
๐ซ๐ท โ๏ธ France will ban tourists and almost all business travelers from the U.K. under tough new travel restrictions aimed at slowing the spread of the omicron variant. https://bloom.bg/3m9mQ9m
โฟ ๐ธ Celebrities shilling for crypto. Prank tokens in the tens of billions. Cartoon apes selling for seven figures. All very normal for 2021. https://bloom.bg/3E0fRFR
๐น๐ท ๐ฆ Turkeyโs central bank is ending its cycle of interest-rate cuts as the lira tumbles to a fresh record-low. https://bloom.bg/3dZ3Xl8
๐ซ๐ท โ๏ธ France will ban tourists and almost all business travelers from the U.K. under tough new travel restrictions aimed at slowing the spread of the omicron variant. https://bloom.bg/3m9mQ9m
โฟ ๐ธ Celebrities shilling for crypto. Prank tokens in the tens of billions. Cartoon apes selling for seven figures. All very normal for 2021. https://bloom.bg/3E0fRFR
Hello, hereโs what weโre following:
๐ป Chinese spies allegedly used Huawei technology in a secret Australia telecom hack in 2012. That's become key evidence in U.S. efforts to block the firm. https://bloom.bg/3GHsNSO
๐ Bali has reopened its borders to the rest of the world โ but only two foreign tourists came in its first month. https://bloom.bg/3ywSVNr
๐บ๐ธ Can Donald Trump win in 2024? Heโs stronger than he looks for two main reasons, writes Ramesh Ponnuru in Bloomberg Opinion. https://bloom.bg/3F3CgmN
๐ป Chinese spies allegedly used Huawei technology in a secret Australia telecom hack in 2012. That's become key evidence in U.S. efforts to block the firm. https://bloom.bg/3GHsNSO
๐ Bali has reopened its borders to the rest of the world โ but only two foreign tourists came in its first month. https://bloom.bg/3ywSVNr
๐บ๐ธ Can Donald Trump win in 2024? Heโs stronger than he looks for two main reasons, writes Ramesh Ponnuru in Bloomberg Opinion. https://bloom.bg/3F3CgmN
Hello ๐ Hereโs what weโre following:
๐ U.S. equity futures, Asian stocks and crude oil dropped Monday over concerns about omicron curbs, tightening monetary policy and a setback for Bidenโs economic agenda. https://bloom.bg/3Eb4Lhs
๐ฆ U.S. Senator Elizabeth Warren said she tested positive for Covid-19, as did Senator Cory Booker. In New York City, Mayor Bill de Blasio called for federal help as cases surged. Follow the latest: https://bloom.bg/3palWLw
โ๏ธ And WFH is here to stay. There may be no going back to the five-day office week, according to a survey of workers in 25 countries. https://bloom.bg/32eNqqu
๐ U.S. equity futures, Asian stocks and crude oil dropped Monday over concerns about omicron curbs, tightening monetary policy and a setback for Bidenโs economic agenda. https://bloom.bg/3Eb4Lhs
๐ฆ U.S. Senator Elizabeth Warren said she tested positive for Covid-19, as did Senator Cory Booker. In New York City, Mayor Bill de Blasio called for federal help as cases surged. Follow the latest: https://bloom.bg/3palWLw
โ๏ธ And WFH is here to stay. There may be no going back to the five-day office week, according to a survey of workers in 25 countries. https://bloom.bg/32eNqqu
๐ A third dose of Modernaโs Covid-19 vaccine increases antibody levels by 37 times against the omicron variant. https://bloom.bg/3Ed3kyQ
๐ฌ๐ง The U.K. is debating a Christmas lockdown to halt a surge in the number Covid-19 cases. https://bloom.bg/3mkjTTE
๐จ๐ณ One Chinese company makes most of the drones Americans use. Now it's become the poster child of a much wider national security threat. https://bloom.bg/3J3Kdeg
๐ฌ๐ง The U.K. is debating a Christmas lockdown to halt a surge in the number Covid-19 cases. https://bloom.bg/3mkjTTE
๐จ๐ณ One Chinese company makes most of the drones Americans use. Now it's become the poster child of a much wider national security threat. https://bloom.bg/3J3Kdeg
๐บ๐ธ Omicron is now the dominant Covid strain in the U.S., rising from 3% of cases to 73% in just one week. https://bloom.bg/3J9jVrd
๐ฉโ๐ป Chinese livestreamer Viya was hit with a $210 million fine for tax evasion as the government cracks down on online influencers. https://bloom.bg/3sjJobr
๐ฅฆ An online grocery delivery startup founded by teens has doubled its valuation to $570 million in five months. https://bloom.bg/3edx6Jb
๐ฉโ๐ป Chinese livestreamer Viya was hit with a $210 million fine for tax evasion as the government cracks down on online influencers. https://bloom.bg/3sjJobr
๐ฅฆ An online grocery delivery startup founded by teens has doubled its valuation to $570 million in five months. https://bloom.bg/3edx6Jb
Hello, hereโs what weโre following:
๐ In a milestone in the fight against Covid, the U.S. FDA is expected to authorize a pair of pills from Pfizer and Merck as soon as this week, sources say. https://bloom.bg/33EAYAW
๐๏ธ Retail's battle with the pandemic actually saved its stores. Even as omicron upends shopping habits, Covid's shock to the system brought some much-needed change. https://bloom.bg/3sqX7NB
๐ From revelations of blackmail, intimidation and hacking to extravagant spending on horses, homes and sunken trampolines, much of the details of one royal divorce case had remained private. Until now. https://bloom.bg/3FzirV3
๐ In a milestone in the fight against Covid, the U.S. FDA is expected to authorize a pair of pills from Pfizer and Merck as soon as this week, sources say. https://bloom.bg/33EAYAW
๐๏ธ Retail's battle with the pandemic actually saved its stores. Even as omicron upends shopping habits, Covid's shock to the system brought some much-needed change. https://bloom.bg/3sqX7NB
๐ From revelations of blackmail, intimidation and hacking to extravagant spending on horses, homes and sunken trampolines, much of the details of one royal divorce case had remained private. Until now. https://bloom.bg/3FzirV3
๐ฅ Omicron's hospitalization risk is far below that of the delta variant, two studies show. https://bloom.bg/3EqwHhg
๐A crytpo entrepreneur revealed himself to be the anonymous bidder who paid $28 million for a seat on Jeff Bezos's Blue Origin space flight. https://bloom.bg/3JgtSTQ
๐ถ The biggest banks are making more money than ever, but finance veterans are "unsettled and ill at ease." https://bloom.bg/3FmYcK7
๐A crytpo entrepreneur revealed himself to be the anonymous bidder who paid $28 million for a seat on Jeff Bezos's Blue Origin space flight. https://bloom.bg/3JgtSTQ
๐ถ The biggest banks are making more money than ever, but finance veterans are "unsettled and ill at ease." https://bloom.bg/3FmYcK7
๐ The S&P 500 closed at a record high, capping off a shortened trading week after a spate of encouraging economic data. https://bloom.bg/3sBvx0l
๐ Hereโs how Shopify outfoxed Amazon to become the everywhere store. https://bloom.bg/3ejaYxl
๐๏ธ Residents flying home to Singapore describe chaos, including being forced from homes, separated from kids and quarantining with strangers, columnist Rachel Rosenthal writes. https://bloom.bg/32qcVFn
๐ Hereโs how Shopify outfoxed Amazon to become the everywhere store. https://bloom.bg/3ejaYxl
๐๏ธ Residents flying home to Singapore describe chaos, including being forced from homes, separated from kids and quarantining with strangers, columnist Rachel Rosenthal writes. https://bloom.bg/32qcVFn
๐Singapore will require vaccinations for foreigners looking to work, study or live there as it prepares for an "inevitable" omicron wave. https://bloom.bg/32stLns
๐ A Thai technology company's stock surged nearly 7,000% this year after it unveiled an expansion into Bitcoin mining. https://bloom.bg/3Jmq7Mi
๐ธ โSpider-Man: No Way Homeโ has now made over $1 billion at the box office to become the top grossing film of 2021 globally. https://bloom.bg/3puKjE1
๐ A Thai technology company's stock surged nearly 7,000% this year after it unveiled an expansion into Bitcoin mining. https://bloom.bg/3Jmq7Mi
๐ธ โSpider-Man: No Way Homeโ has now made over $1 billion at the box office to become the top grossing film of 2021 globally. https://bloom.bg/3puKjE1
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Hello! If you're looking for something good to read during this weird week between Christmas and the new year, we have some recs for you.
๐ 10 ways cities came back in 2021. The second year of the pandemic brought innovations in architecture, technology, equality, climate and transportation across the globe. https://bloom.bg/32EmVer
๐ What inflation in 2022 will teach us about capitalism. Whether price rises become embedded next year will depend on workers and companies resolving one of the core tensions at the heart of the modern economy, writes John Authers for Bloomberg Opinion. https://bloom.bg/3FyHpDZ
๐ Look back on some of our best reads of the year: https://bloom.bg/3mDx41R (Or, if you want something longer, these are some of the most fascinating business books of 2021: https://bloom.bg/3FA3ySg)
๐ 10 ways cities came back in 2021. The second year of the pandemic brought innovations in architecture, technology, equality, climate and transportation across the globe. https://bloom.bg/32EmVer
๐ What inflation in 2022 will teach us about capitalism. Whether price rises become embedded next year will depend on workers and companies resolving one of the core tensions at the heart of the modern economy, writes John Authers for Bloomberg Opinion. https://bloom.bg/3FyHpDZ
๐ Look back on some of our best reads of the year: https://bloom.bg/3mDx41R (Or, if you want something longer, these are some of the most fascinating business books of 2021: https://bloom.bg/3FA3ySg)
Hereโs what weโre following right now:
๐บ๐ธ Harry Reid, the steely former U.S. Senate majority leader who helped get Obamacare passed, has died at 82. His wife said the cause was pancreatic cancer. https://bloom.bg/3z6sOgo
๐ Apple has issued rare $180,000 bonuses to some engineers in an effort to retain talent and prevent defections to rivals like Meta. https://bloom.bg/3mHdmSV
๐ญ๐ฐ Hong Kong raided online media outlet Stand News and arrested six people connected to it for sedition in the latest operation targeting press freedoms. https://bloom.bg/3ezGE1k
๐บ๐ธ Harry Reid, the steely former U.S. Senate majority leader who helped get Obamacare passed, has died at 82. His wife said the cause was pancreatic cancer. https://bloom.bg/3z6sOgo
๐ Apple has issued rare $180,000 bonuses to some engineers in an effort to retain talent and prevent defections to rivals like Meta. https://bloom.bg/3mHdmSV
๐ญ๐ฐ Hong Kong raided online media outlet Stand News and arrested six people connected to it for sedition in the latest operation targeting press freedoms. https://bloom.bg/3ezGE1k
๐ Chinese AI firm SenseTime unexpectedly gained as much as 23% in its trading debut in Hong Kong. That comes after a rocky IPO plagued by concerns over U.S. sanctions. https://bloom.bg/3ey8URV
๐ช Binance Coin rallied 1,300% in 2021 to beat Bitcoin and Ether as investor interest for digital assets grew and the crypto ecosystem expanded. https://bloom.bg/3FDSGCY
๐ There's a french fry shortage in Japan, and planes full of potatoes are going to help. https://bloom.bg/3qBixVO
๐ช Binance Coin rallied 1,300% in 2021 to beat Bitcoin and Ether as investor interest for digital assets grew and the crypto ecosystem expanded. https://bloom.bg/3FDSGCY
๐ There's a french fry shortage in Japan, and planes full of potatoes are going to help. https://bloom.bg/3qBixVO
๐ณโ๏ธ Stay away from cruise ships even if youโre vaccinated, the U.S. CDC said. Shares of cruise operators like Carnival and Royal Caribbean tumbled on the news. https://bloom.bg/3eD6W32
โฌ๏ธ China tech stocks rebounded on the last day of a tumultuous year. https://bloom.bg/3HnaLp3
๐ฆ Studies show that T cells โ the bodyโs weapon against virus-infected cells โ protect against the omicron variant, helping to explain why a record wave of infections hasnโt engulfed hospitals so far. https://bloom.bg/3zcVYuh
โฌ๏ธ China tech stocks rebounded on the last day of a tumultuous year. https://bloom.bg/3HnaLp3
๐ฆ Studies show that T cells โ the bodyโs weapon against virus-infected cells โ protect against the omicron variant, helping to explain why a record wave of infections hasnโt engulfed hospitals so far. https://bloom.bg/3zcVYuh
Hello and happy new year! Here's what we're following right now:
๐ Evergrande announced its shares will be suspended from trading in Hong Kong on Monday without giving a reason. https://bloom.bg/3mOYgLc
โ๏ธ Singapore reported more Covid infections among travelers from abroad than local cases for the first time in nearly six months, testing the nationโs open-border policy as omicron spreads. https://bloom.bg/3qC7886
๐ And billionaires are embracing crypto in case money โgoes to hell.โ https://bloom.bg/3sVRtmP
๐ Evergrande announced its shares will be suspended from trading in Hong Kong on Monday without giving a reason. https://bloom.bg/3mOYgLc
โ๏ธ Singapore reported more Covid infections among travelers from abroad than local cases for the first time in nearly six months, testing the nationโs open-border policy as omicron spreads. https://bloom.bg/3qC7886
๐ And billionaires are embracing crypto in case money โgoes to hell.โ https://bloom.bg/3sVRtmP
๐1
โ๏ธ BREAKING: Theranos founder Elizabeth Holmes was found guilty of criminal fraud. She faces up to 20 years in prison. https://bloom.bg/34nNJk1
๐ Apple's market value briefly hit $3 trillion, the first company in history to reach the milestone. https://bloom.bg/3sVx1CM
๐ฆ A handful of new studies has confirmed a silver lining of the omicron variant: Even as case numbers have soared, hospitalizations and severe cases have not. https://bloom.bg/3sVrOLc
๐ Apple's market value briefly hit $3 trillion, the first company in history to reach the milestone. https://bloom.bg/3sVx1CM
๐ฆ A handful of new studies has confirmed a silver lining of the omicron variant: Even as case numbers have soared, hospitalizations and severe cases have not. https://bloom.bg/3sVrOLc
๐คฏ1
๐ China Huarong plunged as much as 45% in Hong Kong as it resumed trading after a nine-month suspension and a $6.6 billion state-led bailout. https://bloom.bg/335SUEx
๐ธ Ray Dalio said it was "stupid" to own cash and bonds in the current environment of money printing and rise in debt creation. https://bloom.bg/3eUcLce
๐ A giant bluefin tuna sold for $145,290 in Tokyoโs first auction of the year โ the third straight drop in the winning price. https://bloom.bg/3zp6Hlq
๐ธ Ray Dalio said it was "stupid" to own cash and bonds in the current environment of money printing and rise in debt creation. https://bloom.bg/3eUcLce
๐ A giant bluefin tuna sold for $145,290 in Tokyoโs first auction of the year โ the third straight drop in the winning price. https://bloom.bg/3zp6Hlq
โค1