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Daniel Kahneman, Nobel-Winning Psychologist Who Upended Economics, Dies at 90: Daniel Kahneman, a psychologist whose work casting doubt on the rationality of ...
bloomberg.com/news/articles/2024-03-27/daniel-kahneman-psychologist-who-upended-economics-dies-at-90
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Quick Glance: Daniel Kahneman, Pioneer of Behavioral Economics, Dies at 90
- Daniel Kahneman, an Israeli American psychologist and best-selling author, passed away at the age of 90. His award-winning research revolutionized economics and various fields by showcasing how people often abandon logical thinking and jump to hasty conclusions.
- Dr. Kahneman's research debunked the concept of 'homo economicus' and revealed that individuals frequently resort to intellectual shortcuts that lead to misguided decisions.
- He coined the term 'thinking, fast and slow' and illustrated how people are often overly confident, placing excessive faith in their intuitions.
- Kahneman and his colleague Tversky pioneered behavioral economics, applying psychological insights to economic decision-making and influencing behavior in diverse sectors.
How Baltimore Key Bridge Collapse Will Impact the Supply Chain: To readers of the Economics Daily, Evening Briefing, 5 Things to Know and Surveillance ...
bloomberg.com/news/newsletters/2024-03-26/how-baltimore-key-bridge-collapse-will-impact-the-supply-chain
Quick Glance: Tragedy in Baltimore: Fatal Bridge Collapse and Intensive Investigations
- A cargo ship that lost control and crashed into a bridge in Baltimore had previously undergone engine maintenance in the port, according to the US Coast Guard. Divers retrieved the bodies of two of the six workers who fell into the water, while the search for the others was deemed unsuccessful.
- Investigators commenced gathering evidence from the cargo ship involved in striking the Francis Scott Key Bridge. The victims were from Mexico, Guatemala, Honduras, and El Salvador, with authorities suspecting that the other vehicles with victims were trapped.
Will Hispanic voters hand Donald Trump the presidency?: Our weekly podcast on democracy in America. This week, we consider Joe Biden’s fortunes with Latinos
economist.com/podcasts/2024/03/22/will-hispanic-voters-hand-donald-trump-the-presidency
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Fed’s Operating Losses Swelled to Record $114.3 Billion in 2023: The Federal Reserve’s expenses exceeded its earnings in 2023 by $114.3 billion ...
bloomberg.com/news/articles/2024-03-26/fed-s-operating-losses-swelled-to-record-114-3-billion-in-2023
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China’s EV Exports to EU Slump at Start of Year Amid Probe: China’s exports of electric vehicles to European Union countries dropped by nearly a fifth during the ...
bloomberg.com/news/articles/2024-03-26/china-s-ev-exports-to-eu-slump-at-start-of-year-amid-probe
India Making Mistake Believing ‘Hype’ About Growth, Rajan Says: India is making a big mistake believing the “hype” around its strong economic growth since there ...
bloomberg.com/news/articles/2024-03-26/india-making-mistake-believing-hype-about-growth-rajan-says
Chuck Todd Elaborates On Why NBC Shouldn't Have Hired Ronna McDaniel: In a social media post, the NBC newsman said honest journalists shouldn't have to "lend ...
huffpost.com/entry/chuck-todd-x-ronna-mcdaniel_n_660209a3e4b079ac3ef1ed54
Quick Glance: NBC ends association with former RNC head Ronna McDaniel
- NBC News severed ties with former Republican National Committee chief Ronna McDaniel on Tuesday, shortly after bringing her on board as a political contributor on air.
- The decision came in response to a strong backlash from some of the network's journalists and commentators.
- McDaniel learned about her job termination through media reports rather than directly from NBC.
- The hiring and subsequent swift termination of McDaniel sparked public protests within the NBC network and beyond.
Consumer Lender Curo Goes Bankrupt as Debt Pile Takes Toll: Consumer lending conglomerate Curo Group Holdings Corp. and affiliates filed for bankruptcy after ...
bloomberg.com/news/articles/2024-03-25/consumer-lender-curo-goes-bankrupt-as-debt-pile-takes-toll
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Fed’s Bostic Now Anticipates Just One Rate Cut This Year: Federal Reserve Bank of Atlanta President Raphael Bostic says he now projects just one interest-rate ...
bloomberg.com/news/articles/2024-03-22/fed-s-bostic-now-anticipates-just-one-rate-cut-this-year
Bitcoin ETFs Are Making Tax Time More Difficult. How to Navigate the Confusion.: Bitcoin ETFs have contributed to confusion about how to report Bitcoin on your ...
barrons.com/articles/bitcoin-etfs-taxes-3ff72d50
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Switzerland Was Correct to Lower Interest Rates, IMF Says: Switzerland’s surprise reduction in borrowing costs last week was appropriate as consumer-price growth ...
bloomberg.com/news/articles/2024-03-28/switzerland-was-correct-to-lower-interest-rates-imf-says
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Burned Before, Bond Markets Resume Rate-Cutting Trades Worldwide: Bond traders are cautiously reloading wagers that burned them just weeks ago as the Federal ...
bloomberg.com/news/articles/2024-03-24/burned-before-bond-markets-resume-rate-cutting-trades-worldwide
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Japan Really Wants to Build Airplanes, $33 Billion Project Shows: Japan’s trade ministry wants to get the country’s aviation ambitions back up in the air.
bloomberg.com/news/articles/2024-03-27/japan-really-wants-to-build-airplanes-33-billion-project-shows
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Trump evokes more anger and fear from Democrats than Biden does from Republicans, AP-NORC poll shows
bostonherald.com/2024/03/27/trump-evokes-more-anger-and-fear-from-democrats-than-biden-does-from-republicans-ap-norc-poll-shows/
EM Currencies Miss Reform-Led Emerging-Market Rally as Stocks, Dollar Bonds Gain: Emerging markets are closing the first quarter brimming with turnaround stories ...
bloomberg.com/news/articles/2024-03-28/em-currencies-miss-reform-led-emerging-market-rally-as-stocks-dollar-bonds-gain
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US Home-Price Growth Picks Up With ‘Healthy Gains’ Across Cities: Home-price growth in the US accelerated at the fastest rate since 2022, increasing pressure on ...
bloomberg.com/news/articles/2024-03-26/us-home-price-growth-picks-up-with-healthy-gains-across-cities
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ECB Has Room to Cut Swiftly Despite Wage Rebound, Cipollone Says: The European Central Bank may be able to lower interest rates “swiftly” even as workers receive ...
bloomberg.com/news/articles/2024-03-27/ecb-has-room-to-cut-swiftly-despite-wage-rebound-cipollone-says
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Nvidia Catapults Emerging-Markets Stock Picker to Top Spot and Irks Rivals: Lewis Kaufman is, depending on who you ask, a phony or a genius.
bloomberg.com/news/articles/2024-03-27/nvidia-catapults-emerging-markets-stock-picker-to-top-spot-and-irks-rivals
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The Bullish Case for Commodities: If inflation is here to stay, resources are one of the few reliable hedges.
bloomberg.com/news/newsletters/2024-03-27/the-bullish-case-for-commodities
Baltimore Union Fears Loss of 2,400 Jobs After Bridge Collapse: The Baltimore bridge collapse is poised to leave thousands without work and there’s no firm plan ...
bloomberg.com/news/articles/2024-03-27/baltimore-union-fears-loss-of-2-400-jobs-after-bridge-collapse
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Russia, China Ships Face Red Sea Risks Despite Houthi Pact; Egypt's Crisis - Bloomberg
bloomberg.com/news/newsletters/2024-03-25/russia-china-ships-face-red-sea-risks-despite-houthi-pact-egypt-s-crisis
China Engineering Ready to Export Desert Mega-Bases to the World: China’s top engineering firm for energy projects says it’s ready to pitch the concept of desert ...
bloomberg.com/news/articles/2024-03-27/china-engineering-ready-to-export-desert-mega-bases-to-the-world
Richest 1% of Indians Own 40% of Wealth in Extreme Inequality Under PM Modi: India’s inequality gap has widened sharply under Prime Minister Narendra Modi’s ...
bloomberg.com/news/articles/2024-03-22/rich-indians-own-40-of-wealth-in-extreme-inequality-under-modi
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Nearly $2 billion is up for grabs as Mega Millions and Powerball jackpots soar: The stars have aligned in the lottery universe like never before ...
bloomberg.com/en/news/thp/2024-03-25/nearly-2-billion-up-for-grabs-as-mega-millions-and-powerball-jackpots-soar
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Quick Glance: Strategies for Powerball and Mega Millions: Tips for Choosing Numbers
- Nicholas Kapoor unexpectedly won the Powerball lottery and used it as a teaching tool.
- The odds of winning Powerball and Mega Millions are extremely slim.
- It is recommended to choose random numbers or Quick Picks to increase chances of winning.
- Playing less popular lotteries can increase the odds of winning, but the prizes are smaller.
Chinese Stocks Erase March Gains as Policy-Driven Rally Falters: Chinese stocks erased their gains for March as earnings disappointments eroded optimism around a ...
bloomberg.com/news/articles/2024-03-27/chinese-stocks-erase-march-gains-as-policy-driven-rally-falters
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Aluminum Falls as Metals Rally Runs Ahead of Demand Recovery: Aluminum fell with other industrial metals, as the recent rally in prices runs into a lack of ...
bloomberg.com/news/articles/2024-03-27/aluminum-falls-as-metals-rally-runs-ahead-of-demand-recovery
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China 'Very Close' to Ending Australia Wine Tariffs, Business Lobby Chief Says
bloomberg.com/news/articles/2024-03-27/china-close-to-ending-australia-wine-tariff-business-chief-says
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Emerging Markets Fall With Caution on US Inflation, Yuan Policy: Emerging market stocks and currencies fell on uncertainty over the pace of Federal Reserve rate ...
bloomberg.com/news/articles/2024-03-27/emerging-markets-fall-with-caution-on-us-inflation-yuan-policy
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The Trader Bacon Show | March 25th, 2024: Benzinga Live on X (Twitter)
twitter.com/i/broadcasts/1ZkJzjEZPrZJv
US Announces $6 Billion to Clean Up Heavy Manufacturing: The Biden administration is awarding about $6 billion in grants to help cut emissions from metals ...
bloomberg.com/news/articles/2024-03-25/us-announces-6-billion-to-clean-up-heavy-manufacturing
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Bond Managers Unwind Bullish Futures Bets to Lowest Since July: Asset managers kept unwinding bullish Treasury futures bets ahead of the Federal Reserve’s most ...
bloomberg.com/news/articles/2024-03-26/bond-managers-unwind-bullish-futures-bets-to-lowest-since-july
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Megadeals Make a Comeback to Power $660 Billion M&A Revival: A rush of megadeals is powering a rebound in mergers and acquisitions, bringing some much-needed ...
bloomberg.com/news/articles/2024-03-26/megadeals-make-a-comeback-to-power-660-billion-m-a-revival
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S&P Lowers Outlook on Five Regional Banks, Citing Commercial Property Exposure: Some US regional lenders could see their asset quality and performance hurt by ...
bloomberg.com/news/articles/2024-03-26/us-regional-banks-challenged-by-commercial-property-s-p-says
Closing Gender Pay Gap Will Take a Rethink of Senior Roles, WGEA Says: Australian employers need to rethink what it takes to be a senior leader in order to ...
bloomberg.com/news/articles/2024-03-26/closing-gender-pay-gap-will-take-a-rethink-of-senior-roles-wgea-says
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US Homebuyers Expecting $10,000 Savings Face Tough Reality: Consumers expecting big savings from a National Association of Realtors’ class-action settlement over ...
bloomberg.com/news/articles/2024-03-24/us-homebuyers-expecting-10-000-savings-face-tough-reality
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Foreign Turkey Stock Bears Cut Back on ETF Short Positions: Foreign investors have been cutting down their bets against Turkish stocks, with short positions on ...
bloomberg.com/news/articles/2024-03-28/foreign-turkey-stock-bears-cut-back-on-etf-short-positions
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SEC Insider-Trading Trial Targets Executive's Trades of Rival’s Stock: A lawyer for the US Securities and Exchange Commission told a jury that a former ...
bloomberg.com/news/articles/2024-03-26/sec-insider-trading-trial-targets-exec-who-bought-rival-s-stock
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U.S. hits new low in World Happiness Report: The U.S. was ranked the world's 23rd happiest country — down eight slots from last year.
axios.com/2024/03/20/world-happiness-america-low-list-countries
Junk Bond Sales in Sterling Surge at Fastest Pace Since 2021: Junk bond sales in sterling have climbed to the highest in years as signs of a UK economic rebound ...
bloomberg.com/news/articles/2024-03-27/junk-bond-sales-in-sterling-surge-at-fastest-pace-since-2021
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IMF Warns Central Banks Must Be Free of Election-Year Political Pressures: Central banks must follow through on the fight against inflation and resist political ...
bloomberg.com/news/articles/2024-03-21/imf-warns-central-banks-must-be-free-of-election-year-political-pressures
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Tankers Haul More Russian Diesel to Brazil Where There’s a Glut: Tankers laden with millions of barrels of Russian diesel are floating off the coast of Brazil — ...
bloomberg.com/news/articles/2024-03-27/tankers-haul-more-russian-diesel-to-brazil-where-there-s-a-glut
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Cocoa Tops $9,000 Mark for First Time on Global Supply Crunch: Cocoa extended its surge — gaining more than $700 per ton in a single day and surpassing $9 ...
bloomberg.com/news/articles/2024-03-25/cocoa-tops-9-000-as-supply-fears-keep-sparking-fresh-records
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Why the Bond Market Is Closing Early Today: In observance of Good Friday, a religious holiday observed on the Friday before Easter, U.S ...
barrons.com/articles/bond-market-hours-open-close-today-e916d8ad
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MacKenzie Scott donates $640 million, more than doubling her planned gifts to nonprofit applicants
bloomberg.com/en/news/thp/2024-03-19/mackenzie-scott-donates-640-million-more-than-double-her-initial-plan-to-nonprofit-applicants
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Quick Glance: MacKenzie Scott doubles donations despite Elon Musk's accusations
- MacKenzie Scott is criticized by Elon Musk for her philanthropy, but that doesn't stop her from donating.
- Scott more than doubled her planned $250 million donation pledge, increasing it to $640 million.
- Musk previously accused Scott of being a 'super rich ex-wife' who's destroying Western civilization.
How the Top Oil Trader’s Brazen Corruption Was Caught on Tape: The landmark trial of a former Vitol trader has shone an unprecedented light on wrongdoing in the ...
bloomberg.com/features/2024-vitol-oil-bribes/
Pan-African Group Plans Instant-Payment Systems for 15 Nations: A pan-African group backed by the Bill & Melinda Gates Foundation and the Rockefeller ...
bloomberg.com/news/articles/2024-03-28/pan-african-group-plans-instant-payment-systems-for-15-nations
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Rising Minimum Wage Risks Stoking Inflation, Says CBI Chief: More companies than ever are worried about the consequences of Britain’s rising minimum wage ...
bloomberg.com/news/articles/2024-03-27/rising-minimum-wage-risks-stoking-inflation-says-cbi-chief
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US CPI Consumption Survey to Add Women’s Household Work: Surveys that provide key information for consumer-spending measures may soon reflect household work that ...
bloomberg.com/news/articles/2024-03-19/women-s-household-work-to-be-added-to-us-cpi-consumption-survey
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Banks' Massive Debt Splurge Brings Its Own Looming Dangers: Covered bonds have been a favorite way for lenders to get money as they repay giant Covid loans ...
bloomberg.com/news/articles/2024-03-27/banks-massive-debt-splurge-brings-its-own-looming-dangers
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Don’t Worry About S&P 500 at Record Highs, Says UBS. What History Says Is Next.
on.barrons.com/3VFSUUP
Argentina Wages Suffer Record Drop After Javier Milei Devalues Peso (ARS USD): Private-sector wages in Argentina fell the most in nearly three decades after ...
bloomberg.com/news/articles/2024-03-26/wages-in-argentina-suffer-record-drop-after-milei-devalues-peso
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The Stock Market Is Rallying, Without Help From Big Tech
barrons.com/articles/stock-market-breadth-big-tech-5e711a6a
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Work-Life Balance Replaces Hustle Culture: The live-to-work ethic has flipped. Now people want work-life balance and that’s transforming not just workplaces but ...
bloomberg.com/news/articles/2024-03-27/work-life-balance-replaces-hustle-culture
Why Is Swedish Pension Fund Alecta Is in the Spotlight: Attempting to draw a line under an annus horribilis, the chief executive of Alecta in March said Sweden’s ...
bloomberg.com/news/articles/2024-03-25/why-is-swedish-pension-fund-alecta-in-the-spotlight-quicktake
Nasdaq Says It Is Investigating Issues With Connectivity: The Nasdaq Stock Market said it was investigating issues with connectivity, without providing details ...
bloomberg.com/news/articles/2024-03-18/nasdaq-says-it-is-investigating-issues-with-connectivity
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Stock Market Today: Dow, S&P Live Updates for March 25, 2024: Asian equities were primed for a mixed start on Monday as investors look ahead to a busy week of ...
bloomberg.com/news/articles/2024-03-24/asian-shares-look-mixed-ahead-of-busy-data-week-markets-wrap
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US Durable Goods Orders Rise for First Time in Three Months: New orders placed with US factories for durable goods rose in February for the first time in three ...
bloomberg.com/news/articles/2024-03-26/us-durable-goods-orders-rise-for-first-time-in-three-months
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Wage-Cost Savings Cited as Main Reason to Automate in CFO Survey: Companies are adopting automation to replace labor as they seek to reduce costs ...
bloomberg.com/news/articles/2024-03-27/wage-cost-savings-cited-as-main-reason-to-automate-in-cfo-survey
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BOE’s Mann Says Markets Pricing Too Many UK Rate Cuts This Year: Bank of England policy maker Catherine Mann said financial markets are pricing in too many ...
bloomberg.com/news/articles/2024-03-26/boe-s-mann-says-markets-pricing-too-many-uk-rate-cuts-this-year
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Ultra Rich Flock to Sun Belt as Millionaires Double in Austin, Palm Beach: Texas, Arizona and Florida are home to the places seeing the biggest jump in wealthy ...
bloomberg.com/news/articles/2024-03-20/ultra-rich-flock-to-sun-belt-as-millionaires-double-in-austin-palm-beach
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China’s BRI Funding to SE Asia Falls Short by Over $50 Billion: China’s been able to deliver on only a little over a third of its infrastructure spending ...
bloomberg.com/news/articles/2024-03-27/china-s-bri-funding-to-se-asia-falls-short-by-over-50-billion
Tsingshan Unit Plans Indonesia Battery Plant to Move Up Commodity Supply Chain: The battery unit of Tsingshan Holding Group Co., the world’s top nickel producer ...
bloomberg.com/news/articles/2024-03-26/tsingshan-unit-plans-indonesian-battery-plant-as-trade-frictions-mount
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US Consumer Confidence March 2024: Conference Board Gauge Held Steady: US consumer confidence held steady in March as Americans were sanguine about their current ...
bloomberg.com/news/articles/2024-03-26/us-consumer-confidence-holds-steady-while-outlook-deteriorates
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Ex-Treasury Chief Larry Summers Questions Fed's 'Hurry' to Cut Interest Rates
bloomberg.com/news/articles/2024-03-21/summers-criticizes-fed-for-having-itchy-fingers-on-rate-cuts
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Bitcoin Is ‘Halving’ Again. That Could Drive Prices Back Up.: The leading cryptocurrency has fallen sharply from recent record highs, but is likely to rise again ...
barrons.com/visual-stories/bitcoin-price-halving-explainer-717411dc
PGIM’s Greg Peters Sees Shift Toward Higher Bond Yields: Treasury bonds staged a relief rally last week after Federal Reserve policymakers sent reassuring ...
bloomberg.com/news/articles/2024-03-26/pgim-bullet-proofs-bond-portfolios-as-traders-party-on-after-fed
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Billionaire Brothers to Join Brazil Meat Firm JBS Board After Corruption Scandal: Brazilian billionaire brothers Joesley and Wesley Batista were named to the ...
bloomberg.com/news/articles/2024-03-27/jbs-says-batista-brothers-are-set-to-return-to-meat-empire-board
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Short Sellers Bet That Crypto Stock Rally Won’t Last (COIN, MSTR): Short sellers are still betting billions of dollars that the rally in cryptocurrency-linked ...
bloomberg.com/news/articles/2024-03-26/short-sellers-bet-11-billion-that-crypto-stock-rally-won-t-last
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Australia News Today: Rate-Cutting Trades, RBA Reform Bill, Muzinich's Expansion
bloomberg.com/news/newsletters/2024-03-24/australia-news-today-rate-cutting-trades-rba-reform-bill-muzinich-s-expansion
JPY USD: What to Know About Japan Policy Language on Yen and Intervention: The yen is within striking distance of a three-decade low against the dollar after a ...
bloomberg.com/news/articles/2024-03-25/a-trader-s-guide-to-japanese-policymakers-language-on-the-yen
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China Uses Surprise Data Announcements to Counter Economic Gloom: Chinese officials are using a new strategy to help shape a positive narrative on their nation’s ...
bloomberg.com/news/articles/2024-03-24/china-is-front-running-key-data-to-control-slowdown-narrative
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Fed’s Goolsbee Sees Three Rate Cuts This Year as Inflation Cools: Federal Reserve Bank of Chicago President Austan Goolsbee said he is among policymakers ...
bloomberg.com/news/articles/2024-03-25/fed-s-goolsbee-sees-three-rate-cuts-this-year-as-inflation-cools
UK Train Drivers to Strike on Tube and Rail Network: The UK’s rail network and London Underground lines will be brought to a standstill again after train and ...
bloomberg.com/news/articles/2024-03-20/london-underground-drivers-to-strike-again-in-april-and-may
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Intrum Creditors Split, With a Group Picking Weil for Debt Talks: Bondholders of Intrum AB who considered teaming up for debt talks with the Swedish company have ...
bloomberg.com/news/articles/2024-03-25/intrum-creditors-split-with-a-group-picking-weil-for-debt-talks
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K-Pop Investing: How to Buy Stocks in South Korea Companies YG, SM, JYP, Hybe: Dating drama and breakup news add to the risks of investing in the companies ...
bloomberg.com/news/articles/2024-03-26/k-pop-investing-how-to-buy-stocks-in-south-korea-companies-yg-sm-jyp-hybe
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X Is Losing Users and Struggling to Attract Creators, According to New Data: X use is down nearly 20% from last year, and a new report says that paid creators ...
entrepreneur.com/business-news/x-is-losing-users-facing-creator-challenges-with-less-money/471638
FTX CEO Ray Rubbishes SBF’s ‘Zero’ Harm Claims in Fiery Rebuttal: Acting FTX CEO John J. Ray III slammed claims made by his predecessor Sam Bankman-Fried that ...
bloomberg.com/news/articles/2024-03-21/ftx-ceo-ray-rubbishes-sbf-s-zero-harm-claims-in-fiery-rebuttal
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Quick Glance: The Rise and Fall of Sam Bankman-Fried: Unrepentant Ex-Mogul Faces Lengthy Prison Term
- Sam Bankman-Fried, founder of FTX cryptocurrency exchange, was found guilty of wire fraud and money laundering conspiracy.
- Prosecutors urged a 40 to 50-year sentence to emphasize the severity of harm to victims and deter financial misconduct.
- Victims shared impact statements detailing loss of savings and financial distress caused by Bankman-Fried's actions.
- Once a prominent figure in the crypto world, Bankman-Fried faced accusations of embezzling funds and engaging in fraudulent activities.
Podcast: Why Capitalism May Soon Be Dead and How to Save It: Economist and author Bernard Connolly joins Merryn Talks Money to pin the blame on central ...
bloomberg.com/news/articles/2024-03-22/podcast-why-capitalism-may-soon-be-dead-and-how-to-save-it
BofA Says US Stocks Suffer Big Outflows in Runup to Fed Meeting: US stocks saw hefty outflows in the runup to the Federal Reserve’s policy meeting that took the ...
bloomberg.com/news/articles/2024-03-22/bofa-says-us-stocks-suffer-big-outflows-in-runup-to-fed-meeting
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The ‘Everything’ Rally Rolls On. Thank You, Central Banks.: The “everything rally” suggests financial conditions aren’t quite as tight as Federal Reserve ...
on.barrons.com/3TJUxiV
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