Bloomberg
The $100 Billion Hurdle to a Global Climate Breakthrough
(Bloomberg) — Most Read from BloombergOut-of-Practice Airline Pilots Are Making Errors Back in the AirThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhy Buying a Second or Even Third Home Is Becoming More Popular Than EverWhat Comes After GE’s 129 Years of Greenhouse GasWhat the Front Line of the U.S. Abortion Fight in Kentucky Looks Like NowA $100 billion dividing line between the world’s richest and poorest countries threatens to undermine any hope for a grand deal a
Bloomberg
Two BOE Officials Push Back on Talk of Imminent U.K. Rate Hike
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergOut-of-Practice Airline Pilots Are Making Errors Back in the AirThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhat Comes After GE’s 129 Years of Greenhouse GasWhat the Front Line of the U.S. Abortion Fight in Kentucky Looks Like NowTwo of the Bank of England’s policy makers signaled they’re in no rush to raise interest rates, the first
Bloomberg
Cathie Wood Says Meme Stocks Are ‘Dinosaurs’ and Not Her Thing
(Bloomberg) — Ark Investment Management’s Cathie Wood may be associated with the idea of high-flying shares, but that doesn’t mean she likes so-called meme stocks. Most Read from BloombergOut-of-Practice Airline Pilots Are Making Errors Back in the AirThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhy Buying a Second or Even Third Home Is Becoming More Popular Than EverWhat Comes After GE’s 129 Years of Greenhouse GasWhat the Front Line of the U.S. Abortion Fight in Ke
Bloomberg
Metals Surge as the Energy Crisis Knocks Out More Supply
(Bloomberg) — The world’s most crucial metals continued on a breakneck surge, with zinc jumping the most in six years, as energy shortages forced more production cuts, piling pressure on manufacturers and fueling concerns about inflation.Most Read from BloombergOut-of-Practice Airline Pilots Are Making Errors Back in the AirThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhy Buying a Second or Even Third Home Is Becoming More Popular Than EverWhat Comes After GE’s 129 Y
Bloomberg
U.K. Offers Foreign Butchers Visas After 6,000 Pigs Culled
(Bloomberg) — The U.K. is easing immigration rules to allow visas for foreign butchers in a bid to ease a severe backlog of pigs awaiting slaughter, after thousands of animals were already killed on farms.Most Read from BloombergOut-of-Practice Airline Pilots Are Making Errors Back in the AirThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhy Buying a Second or Even Third Home Is Becoming More Popular Than EverWhat Comes After GE’s 129 Years of Greenhouse GasWhat the Fr
Insider Monkey
11 Best Penny Stocks To Buy According To Hedge Funds
In this article, we discuss the 11 best penny stocks to buy according to hedge funds. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Penny Stocks To Buy According To Hedge Funds. Hedge funds do not normally invest in penny stocks, primarily because of the risk […]
Reuters
Chinese tech workers disclose working hours in criticism of ‘996’
A campaign calling on workers at Chinese tech companies and other high-profile firms to log their working hours on a public internet page has gone viral, in the latest backlash against a culture of overtime. Organised by four anonymous creators who described themselves as recent graduates, the “Worker Lives Matter” campaign calls on employees at tech firms to enter their company name, position, and working hours in a spreadsheet posted on GitHub. As of Thursday morning, more than 4,000 people who said they worked at tech giants such as Alibaba Group Holding Ltd, Baidu Inc, Tencent Holdings Ltd and ByteDance had registered their data.
Bloomberg
Traders Rotate Into Value Stocks as Bonds Decline: Markets Wrap
(Bloomberg) — Stock traders piled into companies that are more likely to benefit from a rebound in economic growth amid a surprise increase in retail sales and solid corporate earnings. Treasuries fell.Most Read from BloombergOut-of-Practice Airline Pilots Are Making Errors Back in the AirThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhy Buying a Second or Even Third Home Is Becoming More Popular Than EverWhat Comes After GE’s 129 Years of Greenhouse GasWhat the Front
Bloomberg
Bolsonaro Says He Wants to Privatize Petrobras; Shares Advance
(Bloomberg) — Brazilian President Jair Bolsonaro said Thursday that he wants to privatize Petrobras, the state-controlled oil company that is under political pressure to lower fuel prices. Most Read from BloombergThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhat Comes After GE’s 129 Years of Greenhouse GasWhat the Front Line of the U.S. Abortion Fight in Kentucky Looks Like NowShares of Petroleo Brasileiro SA, as the Rio de Janeiro-based producer is known, extended a
TipRanks
J.P. Morgan Says There’s Room for Over 40% Upside in These 2 Stocks
Stuck for fresh investing inspiration? You’re not alone. Plenty of uncertainty lingers on Wall Street as we head into 2022. Inflation is up, the job market remains stuck in an ugly combination of stubborn unemployment and record-high levels of job openings, all while Congress and the Biden Administration are looking less and less capable of passing a set of aggressive spending plans. Writing from JPMorgan, global market strategist Marko Kolanovic acknowledges the headwinds but thinks there are p
MarketWatch
How much will you spend in retirement? 6 things you probably haven’t considered
Personal-finance pundits love to debate safe withdrawal rates—the amount a retiree can withdraw each year from a portfolio without depleting it too quickly. On the income side, do you envision a traditional retirement—that is, stopping work entirely—or would you like to taper down to part-time, perhaps taking on a new job or starting a small business? It seemed like an odd choice for a high-net-worth retiree.
Benzinga
Why AMD Shares Are Rising
Shares of companies in the broader technology space, including Advanced Micro Devices, Inc. (NASDAQ: AMD) are trading higher amid a drop in yields, which has lifted growth stock valuations. Stocks across sectors have gained as investors weigh US unemployment data and recent corporate earnings. The 10-year Treasury yield hit an intraday low of 1.507% Thursday morning before rising to around the 1.512% level. The 10-year note was volatile in September after the Federal Reserve spoke on winding dow
Bloomberg
China Eases Mortgages for Rest of Year on Evergrande Contagion Worries
(Bloomberg) — China is loosening restrictions on home loans at some of its largest banks, according to people familiar with the matter, adding to signs of growing concern by authorities about contagion from the debt crisis at China Evergrande Group.Most Read from BloombergOut-of-Practice Airline Pilots Are Making Errors Back in the AirThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhy Buying a Second or Even Third Home Is Becoming More Popular Than EverWhat Comes After
Bloomberg
BofA Joins Morgan Stanley With Post-Earnings Bond Sale
(Bloomberg) — Bank of America Corp. is tapping the U.S. investment-grade bond market Friday with a self-led deal, joining Morgan Stanley in issuing new debt following a better-than-expected earnings report. Most Read from BloombergOut-of-Practice Airline Pilots Are Making Errors Back in the AirThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhy Buying a Second or Even Third Home Is Becoming More Popular Than EverWhat Comes After GE’s 129 Years of Greenhouse GasWhat the
Bloomberg
Coca-Cola Seeks $8 Billion Value in Africa Bottler IPO
(Bloomberg) — Coca-Cola Co. is seeking a value of 7 billion euros ($8.1 billion) for Coca-Cola Beverages Africa when it lists the bottler next year, according to people familiar with the matter. Most Read from BloombergThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenOut-of-Practice Airline Pilots Are Making Errors Back in the AirWhat Comes After GE’s 129 Years of Greenhouse GasWhat the Front Line of the U.S. Abortion Fight in Kentucky Looks Like NowThe soft drinks giant
Reuters
Top U.S. steelmaker sees prices easing, urges policymakers to keep curbs on imports
Steel prices, driven to nosebleed highs by surging demand, should start to “erode” by the first part of next year as COVID-related supply bottlenecks ease and new domestic production comes online, said Mark Millett, the chief executive of the fourth-largest U.S. steelmaker, Steel Dynamics Inc. But the long-term health of the U.S. industry depends on avoiding a surge of imports, which have driven the downside of past boom-and-bust cycles for steelmakers, he added. “We’re starting to see inventories rebuild a little and we’re starting to see import volumes pick up a little – so it would be natural to see pricing turn over” in the first part of 2022, said Millett, who also chairs the Steel Manufacturers Association, the industry’s main trade voice in Washington.
