Taylor Riggs and Romaine Bostick break down the day’s top stories and trading action leading into the close.
Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more.
SNB’s Jordan Sees ‘High Probability’ of Rate Hike Next Month
FTX’s Downfall Shows CFTC Needs More Crypto Sway, Chairman Says
Ontario Slashes Deficit Projection 35% on Higher Tax Revenue
Union Boss Says Bank of Canada Governor Is Waging a Class War
Brainard Says Fed Should Probably ‘Soon’ Slow Pace of Rate Hikes
Nike to Open Its Own Virtual Sneaker Store and Trading Platform
Citi, BofA-Led Banks Prepare to Fund $5.4 Billion Tenneco Debt
Google to Pay $391.5 Million Over ‘Crafty’ Location Tracking
Amazon Plans to Cut 10,000 Jobs in Largest-Ever Layoffs for E-Commerce Giant
Lastminute.com Faces Investor Pressure After CEO Detention
Texas Governor Abbott Calls for Probe Into Harris County Voting Issues
UK Delays Post-Brexit Product Markings to Stave Off Extra Costs
Michael Burry’s Hedge Fund Is Betting on Private Prisons
Inflation Replaces Covid as the Latest Holiday Travel Disruptor
Roberta Flack Has ALS, Now ‘Impossible to Sing,’ Rep Says
R.E.M., Blondie, Snoop Dogg Get Nods for Songwriters Hall
FTX’s Balance Sheet Was Bad
Musk’s Latest Move at Twitter Can Only Sink Ad Revenue
Not Even Keynes Can Help Us Now
How Apple Stores Went From Geek Paradise to Union Front Line
A Sports Bar Builds a Loyal Clientele Showing Only Women’s Events
The Golden Era of AI Chess Makes Things Tricky for Players
Biden’s Student-Debt Relief Plan Still Blocked by Court
UK Has a Stubborn, Unexplained Ethnicity Pay Gap, Study Shows
Climate Tech Deal Flow Holds Up Amid Threat of Economic Downturn
Big Utilities See Inflation Reduction Act Helping Reduce Customers’ Energy Bills
NYC Will Pay at Least $600 Million to Give Migrants Shelter and Schooling
Low-Income Apartments That Set a High Standard for Energy Efficiency
Tokyo’s Iconic Capsule Tower Cubes Get a New Lease on Life
World’s Biggest Crypto Fund Hits Record 42% Discount to Value of Bitcoin It Holds
Solana Games Stumble as Ecosystem Takes a Hit After FTX Collapse
Hacking the Mango DeFi Platform: A New Way In for Crypto Thieves
Good morning, it's Sunil here in Sydney. Ties with China may be tense but the nation is set to remain a key trade partner for Australia. But first…
Today’s must-reads:
• The Great Barrier Reef is in danger
• Rio’s bid for a giant copper mine
• Why the RBA is down-shifting
China’s power: China is an “important trading partner” for Australia and will remain so in the face of headwinds ranging from Covid lockdowns to supply-chain disruptions, a senior government official said. It’s “almost unimaginable to think that that importance will decrease significantly,” said Elisabeth Bowes from the Department of Foreign Affairs and Trade. Tension between the nations has included punitive trade action from China. Such factors highlight the need for trade market diversity, she said at the Asia Briefing in Melbourne. The event concludes in Sydney today.
