'Buy Bitcoin' Sign Shown Behind Janet Yellen Sells for $1 Million at Auction
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On this episode of the Elon, Inc. podcast,we discuss Tesla's biggest layoffs to date and why Elon Musk's rationale may be more than just about cost reduction ... Show more omny.fm/shows/elon-inc/the-most-important-earnings-of-elons-life
NFL Draft in Detroit Is Part of Football's Year-Round Bid for Attention: Detroit is ready for the first pick. Plus: Abu Dhabi-based startup G42 had to pick ...
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Quick Glance: Top quarterbacks dominate 2024 NFL mock draft roundup
- The 2024 NFL Draft kicks off with a focus on quarterbacks, potentially seeing six being selected in the first round for the first time since 1983.
- Caleb Williams is expected to go first overall, followed by Jayden Daniels and Drake Maye. The Chicago Bears, holding the first pick, are in search of a new starting quarterback after trading Justin Fields.
- Jayden Daniels, the 2023 Heisman Trophy winner, is likely to be drafted by the Washington Commanders. Drake Maye, a standout quarterback without a Heisman Trophy, could be picked by the New England Patriots.
- J.J. McCarthy, who led Michigan to a national championship, is another promising quarterback. The 2024 NFL Draft promises a wealth of talent at this pivotal position.
ByteDance said it does not have any plan to sell TikTok, according to a statement on the Chinese-language social media platform the company owns ... Show more www.bloomberg.com/news/articles/2024-04-24/tiktok-ultimatum-puts-us-firms-in-firing-line-for-china-response
Quick Glance: Biden Signs TikTok Ban Bill Into Law, ByteDance Forced to Sell
- After signaling his intention, President Joe Biden signs the foreign aid package including the TikTok ban bill into law.
- The U.S. Senate passes a bill forcing ByteDance to sell TikTok or face a ban.
- ByteDance has nine months to sell TikTok to comply with the law.
- The U.S. government has been persistent in trying to ban TikTok due to national security concerns.
Anglo American’s Stumbles Have Made It Prey for BHP: When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better ...
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Quick Glance: BHP Proposes Acquisition to Anglo American
- Anglo American receives BHP buyout proposal, reshaping the copper market.
- The proposal involves BHP acquiring Anglo shares, sparking industry transactions.
- Anglo reviews proposals after profit decline, plans demergers to reduce South Africa exposure.
- The potential deal could make BHP the world's largest copper producer with market impacts.
Sunak’s Rwanda Deportation Bill Becomes Law After King’s Sign-off: Home Secretary James Cleverly said the UK’s controversial plan to deport asylum-seekers to ...
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Quick Glance: British Parliament Approves Deportations to Rwanda
- The controversial plan to deport refugees to Rwanda has been approved by the British Parliament.
- Despite resistance in the upper house and multiple votes, the law was passed.
- Prime Minister Sunak is pushing for deportations to deter refugees from dangerous crossings.
- Experts question the effectiveness of the measure, while concerns about costs and legal implications persist.
US Supreme Court Hears Arguments on Trump’s Immunity Claim
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Quick Glance: Trial Judge Evaluates Trump's Compliance with Gag Order
- Former President Trump is on trial in New York for hush money issues. David Pecker from 'National Enquirer' testified about an agreement to manipulate stories about Trump and his rivals.
- Concerns arose about Trump's violation of the gag order by criticizing court members. Mary McCord explained how the administration of justice can be disrupted by defendants' statements, leading to legal restrictions.
- Despite reluctance to detain a former president, fines may be imposed for attacks on witnesses and judicial families. Threats to security and witness testimonies pose serious challenges to the trial's integrity.
- Judges emphasize the importance of upholding justice by addressing threats and ensuring the safety of those involved in legal proceedings. The credibility of the trial hinges on maintaining a fair and secure environment.
US GDP: Strong Economy Doesn’t Make the Fed’s Job Harder: The past year has shown that it is possible to have a rapid decrease in inflation along with low ...
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Quick Glance: Disappointing Q1 Economic Growth and Implications
- The U.S. GDP grew at a rate of 1.6% in the first quarter, falling below expectations due to slower inventory replenishment and weak export growth.
- Despite the disappointing growth last quarter, this could potentially alter the views of Fed officials who were not keen on cutting rates following an upsurge in consumer prices.
- Some analysts believe that the weaker-than-expected report indicates the beginning of a broader economic slowdown.
- The report also highlights the performance of other sectors of the economy, such as the surge in housing construction, business investment growth, slower government spending, and the impact of trade on economic growth.
Harvey Weinstein Rape Conviction Is Overturned in NY Appeal: New York’s highest court overturned Harvey Weinstein’s sexual assault conviction on Thursday ...
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Quick Glance: New York Overturns Harvey Weinstein's 2020 Rape Conviction
- New York's highest court overturned Harvey Weinstein's 2020 rape conviction, citing prejudicial rulings by the judge in the landmark #MeToo trial.
- The State Court of Appeals ruling reopens a painful chapter in America's reckoning with sexual misconduct by powerful figures, ordering a new trial where his accusers might have to relive their traumas.
- Weinstein, 72, has been serving a 23-year sentence in a New York prison following his conviction, but will remain imprisoned due to another rape conviction in Los Angeles in 2022.
- This decision marks another setback for #MeToo, following the US Supreme Court's refusal to hear an appeal in the Bill Cosby case, where his sexual assault conviction was overturned by a Pennsylvania court.
Elon Musk Is Once Again Richer Than Mark Zuckerberg as Meta Shares Plunge: Mark Zuckerberg’s fortune plunged $20 billion as shares of Meta Platforms Inc. tumbled ...
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Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Trump Immunity Bid: Supreme Court Could Extend Trial Past US Election: The US Supreme Court suggested it might drag out Donald Trump’s claim of immunity from ...
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Quick Glance: Supreme Court Hears Trump Immunity Claim in Election Interference Case
- The Supreme Court is considering Donald Trump’s assertion of total immunity from criminal charges over his attempt to overturn the 2020 election results.
- Justices express concerns about whether certain presidential acts should be off-limits, casting doubt on the possibility of a trial taking place before the election.
- The case scrutinizes the distinction between private and official acts of Trump, with the Court likely rejecting Trump's broadest arguments, potentially immunizing even acts such as ordering a military coup.
- The focus remains on the legal question of whether a former president can be prosecuted for actions taken while in office, emphasizing the importance of the Court's ruling on the extent of official act protection and the implications for future presidents.
Arizona Abortion Law Repeal Shows Need to Win Independents: It’s independents, a growing voting bloc, who drive election victories in the swing state ...
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Southwest Airlines (LUV) Slows 2024 Growth as Boeing Trims Jet Deliveries: Southwest Airlines Co. is slowing growth, ending service at four airports and offering ...
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Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
President Biden said he signed into law a $95 billion national security package that includes aid for Ukraine, Israel and Taiwan and forces TikTok to be sold ... Show more www.bloomberg.com/news/articles/2024-04-24/biden-signs-aid-bill-says-help-headed-to-ukraine-within-hours
Quick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
- President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.
- Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.
- The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.
- Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.
Macron Says Europe Can No Longer Rely on US for Its Security: French President Emmanuel Macron said the American security umbrella is a thing of the past and ...
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Quick Glance: Macron Calls for Stronger European Defense
- Macron urged Europe to adopt a credible defense strategy less dependent on the US.
- He warned that Europe was not adequately prepared to face global threats like Russia's war in Ukraine.
- Emphasizing European sovereignty, Macron called for autonomy in defense and the economy.
- He advocated for a revision of EU trade policy, prioritizing European suppliers for military equipment.
Cliffs CEO Goncalves Keen on US Steel Amid Nippon Steel Deal Doubts (CLF, X): Cleveland-Cliffs Inc. still wants to buy United States Steel Corp ...
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Haiti’s Governing Council Takes Charge in Bid to Rein In Chaos: Haiti’s nine-member governing council began to take control of the troubled ...
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In Idaho Emergency Abortion Case, Supreme Court Must Preserve EMTALA: The Supreme Court’s conservative justices seemed more interested in hypothetical scenarios ...
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Quick Glance: Supreme Court Divided on Emergency Abortion Access: Highlights
- The Supreme Court seems divided on access to emergency abortions in states with near-total bans.
- The 1986 Emergency Medical Treatment and Labor Act could impact abortion access in emergencies.
- The debate raises questions about fetal personhood and abortion rights conflict.
- The court's decision could affect abortion access in 14 states with strict abortion bans.
Chile President Gabriel Boric Tells Investors He Wants Political System Reform: Chile President Gabriel Boric said that he’s set on overhauling the nation’s ...
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David Pecker Says He Spoke to Trump Before Buying Model’s Story: The former National Enquirer publisher, David Pecker, said he spoke to Donald Trump during the ...
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Honda to Spend $11 Billion on Electric Vehicle Strategy in Canada: Honda Motor Co. will spend C$15 billion ($11 billion) to build out its electric-vehicle supply ...
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Puig: Billionaire Owners of Jean Paul Gaultier and Rabanne Plan for IPO: The Puig family is taking its eponymous company public as the next generation won't ...
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SNP to Run Scotland as Minority in Latest Setback for Party: The Scottish National Party ended its power-sharing deal with the Greens and will run Scotland as a ...
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Venice Tourism Fee: What It Costs, How to Pay, When It Applies: Local protests broke out over the plan, which had been years in the making.
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Cathie Wood’s Fintech ETF Bleeds Assets After 93% Return Last Year: Cathie Wood’s retail army has gone AWOL all year – even in her best-performing ...
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Billionaire Pinault CEO Laments Kering Slide as Fortune Dwindles: The billionaire Pinault heir at the helm of Gucci owner Kering SA is unhappy about the fashion ...
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Quick Glance: Time for Kering’s King to Consider a Step Back
- Francois-Henri Pinault, Chairman and CEO of Kering, should consider bringing in fresh blood and possibly appointing a new CEO.
- In any sector other than luxury, shareholders might have already stepped in to suggest a change at the helm, but at Kering, founding families tightly control the company.
- The board of Kering should apply pressure on the chairman to at least give up the CEO role.
- Pinault should step back into the chairman's job and leave a new Kering chief the independence they will need.
Cooler US GDP Growth Obscures Resilient Demand From Consumers, Businesses: The surprisingly sharp downshift in US economic growth last quarter masked otherwise ...
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Hawaiian Electric Is Weighing Sale of American Savings Bank: Hawaiian Electric Industries Inc., the utility under scrutiny for its role in last year’s deadly ...
bloomberg.com/news/articles/2024-04-25/hawaiian-electric-said-to-weigh-sale-of-american-savings-bank
Best Countries for Golden Visas: Tips for Applying as Programs End: Spain is the latest country to announce the end of its residency-by-investment program ...
bloomberg.com/news/newsletters/2024-04-25/best-countries-for-golden-visas-tips-for-applying-as-programs-end
Russia War: Poland Ready to Help Ukraine Return Conscription-Age Men Home: Poland’s defense chief said the country is prepared to assist Ukraine in getting ...
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Quick Glance: Poland and Lithuania Support Ukraine in Repatriating Men Fit for Battle
- Kyiv requires hundreds of thousands more soldiers to combat Russia
- Poland and Lithuania pledge to aid Ukraine in repatriating its men of fighting age
- An estimated 200,000 Ukrainian men in Poland have fled the conflict
- Ukraine suspended consular services for military-aged men abroad to facilitate their return
Bill Gross Says Stick to Value Stocks, Avoid Tech as Treasury Yields Soar: Bill Gross offered some advice to investors as Treasuries and equities slumped ...
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‘Buffett Got it Wrong’ on California Fire Risk, PG&E CEO Says: Warren Buffett’s warning that wildfires have turned utilities across the western US into risky ...
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Biden, Trump in New York Create Stark Split-Screen With Trial, Fundraisers: President Joe Biden and Donald Trump will be mere miles apart from each other this ...
bloomberg.com/news/articles/2024-04-25/biden-trump-in-new-york-create-stark-split-screen-with-columbia-protests-trial
Swire Seeks $100 Million for Miami Penthouse on Brickell Key Island: Swire Properties Inc. is seeking $100 million for the penthouse atop a 66-story tower on ...
bloomberg.com/news/articles/2024-04-25/miami-developer-seeks-100-million-for-penthouse-on-tiny-island
Chipotle (CMG) Tells Staff to Skip Chicken as Demand Surges: Chipotle Mexican Grill Inc. is telling its employees not to include chicken in their own meals ...
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Quick Glance: Chipotle lifts annual sales forecast despite uncertainties
- Chipotle raised its full-year sales forecast due to resilient demand for burritos and rice bowls despite higher menu prices.
- The company anticipates mid-to-high-single digit percentage growth in comparable restaurant sales for 2024.
- Chipotle implemented price hikes to protect its profit margin from increased ingredient costs like beef and avocados.
- Chipotle's adjusted profit in the first quarter came in at $13.37 per share, surpassing estimates of $11.68.
Toyota to Build Another All-Electric SUV in US by Investing in Indiana Plant: Toyota Motor Corp. is moving ahead with plans to manufacture and sell more electric ...
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BHP proposed a takeover of Anglo American that values the smaller miner at $38.9 billion, in a deal that would create the world’s top copper producer while ... Show more www.bloomberg.com/news/articles/2024-04-25/bhp-proposed-offer-valuing-anglo-american-at-31-1-billion
Fed to Make One Interest-Rate Cut Before US Election, Howard Lutnick Says: Cantor Fitzgerald Chief Executive Officer Howard Lutnick expects the Federal Reserve ...
bloomberg.com/news/articles/2024-04-25/lutnick-sees-fed-making-one-rate-cut-near-presidential-election
Stripe Will Let Merchants Accept Stablecoins for Online Transactions: Stripe Inc. is bringing back crypto payments by allowing merchants using its platform to ...
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Yellen Says US Can Bring Inflation Down Without Hurting Jobs: Treasury Secretary Janet Yellen said US inflation can come down without requiring a weakening in ...
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The US Supreme Court is is hearing arguments in a historic showdown likely to determine whether former presidents are immune from criminal prosecution for acts ... Show more www.bloomberg.com/news/articles/2024-04-24/is-trump-immune-from-prosecution-what-the-supreme-court-will-consider
Biden’s Power-Plant Pollution Rule Collides With Soaring Demand: The Biden administration is cracking down on planet-warming pollution from the nation’s ...
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Quick Glance: New EPA Rules Target Emissions Reduction at Power Plants
- The Biden administration aims to compel coal-fired power plants to capture smokestack emissions or close down.
- The rules target limiting greenhouse gas emissions from fossil fuel power plants and reducing toxic pollutants from coal-fired plants.
- The plan includes measures to reduce carbon dioxide emissions, toxic wastewater pollutants, and safely manage coal ash.
- The actions are expected to face opposition from industry groups and Republican-leaning states, while environmental groups see it as a crucial step in combating climate change.
Israel Prepares Forces as Conflict With Hezbollah Intensifies: Israel is stepping up preparations for a potential all-out war with Hezbollah ...
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Southwest Air (LUV) Is Weighing Ditching Open Seating: Southwest Airlines Co. may ditch open seating, a classic hallmark of its business model ...
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Scholz Gets Another Pharma Boost With New Merck KGaA Site: Merck KGaA became the latest pharma company to begin construction of a new center in Germany ...
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Permira Chief Sees Private Equity Shakeout With Rates High: The private equity industry is facing a reckoning — with borrowing costs high ...
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White-Collar Hiring Stalls Out in Miami, Austin Job Markets: Hiring in professional services, finance and technology is running at one-third the rate of the ...
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Caterpillar (CAT) Profit Beats Estimates as Pricing Offsets Sales Dip: Caterpillar Inc. reported first-quarter results that showed machinery sales slipping from ...
bloomberg.com/news/articles/2024-04-25/caterpillar-profit-beats-estimates-as-pricing-offsets-sales-dip
NYC Businesses Working For MTA in Limbo as Congestion Toll Suit Ties Up Funding: General contractor Hely Duarte is considering laying off half his workers ...
bloomberg.com/news/articles/2024-04-25/nyc-businesses-working-for-mta-in-limbo-as-congestion-toll-suit-ties-up-funding
BOE Official Warns Climate Change Shocks May Need Rates Response - Bloomberg: A Bank of England official warned that climate change may trigger large price ...
bloomberg.com/news/articles/2024-04-25/boe-official-warns-climate-change-shocks-may-need-rates-response
Hamas Pressured to Release Hostages in Gaza by US, Allies: The US and 17 other nations pressed Hamas to release their citizens who are missing or held hostage in ...
bloomberg.com/news/articles/2024-04-25/us-allies-press-hamas-for-immediate-release-of-hostages
Secondhand Private Credit Sets Up $15 Billion of Early Exits: Blow-out growth in the $1.7 trillion private credit market has come at a cost ...
bloomberg.com/news/articles/2024-04-25/secondhand-private-credit-sets-up-15-billion-of-early-exits
Inside the China-US Competition for AI Experts: Who’s winning the fight for top-tier AI talent?
bloomberg.com/news/articles/2024-04-25/inside-the-china-us-competition-for-ai-experts
Less-Watched Jobs Indicator Points to Deep Cracks in Canada’s Labor Market: Canada’s job market is less robust than the country’s most closely watched employment ...
bloomberg.com/news/articles/2024-04-25/less-watched-jobs-indicator-points-to-deep-cracks-in-canada-s-labor-market
IndiGo Moves Into Longhaul Game With Airbus A350 Order: IndiGo plans to buy as many as 100 Airbus SE A350 widebody airliners, instantly transforming the Indian ...
bloomberg.com/news/articles/2024-04-25/india-s-indigo-moves-into-longhaul-game-with-airbus-a350-order
Meta Gets EU Warning Over Use of Sexual Orientation Data: Meta Platforms Inc.’s Facebook should be blocked from exploiting public information on a users’ sexual ...
bloomberg.com/news/articles/2024-04-25/meta-gets-eu-privacy-warning-over-use-of-sexual-orientation-data
Beer and Booze Battle Over Rates as Brazil Wraps Up Tax Overhaul: A new “sin tax” is splitting Brazil’s alcoholic beverage industry as beer producers and liquor ...
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Petrobras Investors Come Out Ahead After Drama Over Dividends in Brazil: A seven-week tug of war over Petrobras’s dividends wound up with the company delivering ...
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Ukraine’s Budget ‘Very Uncertain’ Next Year, Finance Chief Says: Ukraine’s finance chief said a $61 billion US aid package helps cover budget gaps for this year ...
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CPPIB Credit Chief Andrew Edgell Sees Coming LBO Boom Driving Loan Growth: Canada’s largest pension fund plans to nearly double the size of its credit holdings ...
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Dubai Flooding Was Up to 40% More Intense Due to Climate Change: Global warming exacerbated recent rain in the UAE and Oman, scientists found ...
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SNB Should Consider Women for Top Echelon, Jordan PhD Adviser Says
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Blackstone Strikes $1.6 Billion Student Housing Deal With KKR: Blackstone Inc. agreed to sell a student-housing portfolio to KKR & Co. for $1.64 billion.
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Barclays (BARC LN): Investment Bank Isn't Keeping Momentum: The UK lender is slower to recover than Deutsche Bank, BNP Paribas and US peers on deals and ...
bloomberg.com/opinion/articles/2024-04-25/barclays-barc-ln-investment-bank-isn-t-keeping-momentum
US Fund Managers With ESG Mandates Have Worst-Ever Outflows: US fund managers suffered their worst-ever quarter for ESG-focused products as the pace of client ...
bloomberg.com/news/articles/2024-04-25/us-fund-managers-with-esg-mandates-hit-by-worst-ever-outflows
Congo Spending a Quarter of Revenue on Security in War With Rebels: Democratic Republic of Congo’s government is hemorrhaging money as it tries to fight a series ...
bloomberg.com/news/articles/2024-04-25/congo-spending-a-quarter-of-revenue-on-security-minister-says
Ecuador Bonds Jump on $4 Billion Loan Agreement With IMF: Ecuador bonds led gains among emerging-market peers Thursday after the nation reached a deal with the ...
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Chanel CEO Says Price Hikes Driven by Inflation, Craftsmanship: Chanel’s chief executive officer defended the luxury brand’s pricing after it raised the cost of ...
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Futures Exchanges Are for Traders: FMX, private credit undisintermediation, Trump Media short complaints, index fund bank ownership and buying the customers’ ...
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Argentina’s Central Bank Lowers Key Rate to 60%: Argentina’s central bank cut its key interest rate for the fourth time since President Javier Milei took office ...
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Stock Investors’ Rate-Cut Hopes Fade, and Maybe It’s Just Best Not to Care: There are plenty of tailwinds to support stocks, Wells Fargo’s Harvey says
bloomberg.com/news/newsletters/2024-04-25/stock-investors-rate-cut-hopes-fade-and-maybe-it-s-just-best-not-to-care
Caitlin Clark Nike Deal Should Worry the WNBA: The league’s (ahem) modest pay scale was meant to maintain competitive balance, but outside money changes ...
bloomberg.com/opinion/articles/2024-04-25/caitlin-clark-nike-deal-should-worry-the-wnba
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Saudi Arabia to Host Gaza Talks Next Week With Top US, UK and Arab Officials: Saudi Arabia plans to host a meeting on Monday to discuss Gaza’s future with ...
bloomberg.com/news/articles/2024-04-25/saudi-arabia-to-host-gaza-talks-next-week-with-top-us-uk-and-arab-officials
Javier Milei Sparks Wild Rally That Makes Peso No. 1 in World: Four months into office, Argentine President Javier Milei has pulled off a critical feat in a ...
bloomberg.com/news/articles/2024-04-25/javier-milei-sparks-wild-rally-that-makes-peso-no-1-in-world
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"I want to change the world but look good while doing it"
The CEO of French fashion house Chanel, Leena Nair, talks about her approach at the top of ... Show more www.youtube.com/watch
Mark Zuckerberg asked for patience during Meta's earnings meeting and the stock market responded. The company saw $170 billion worth of equity wiped out ... Show more trib.al/5UKISh4
Steelmaker Posco Rethinks Investment Plan in Battery Metals: Posco Holdings Inc. said it will slow the pace of its planned investments in battery metals in the ...
bloomberg.com/news/articles/2024-04-25/steelmaker-posco-rethinks-investment-plan-in-battery-metals
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US Treasuries Slide After GDP Data as Inflation Pressures Temper Fed Rate Cuts: Treasuries slid as signs of sticky price pressures in a reading of first-quarter ...
bloomberg.com/news/articles/2024-04-25/treasuries-drop-as-first-quarter-price-pressures-temper-fed-cuts
The 71-Day Inflow Boom Ends for BlackRock’s Bitcoin ETF Giant: For 71 days in a row, BlackRock Inc.’s Bitcoin fund enjoyed a remarkable run ...
bloomberg.com/news/articles/2024-04-25/the-71-day-inflow-boom-ends-for-blackrock-s-bitcoin-etf-giant
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Europe’s €1 Million Bankers Club Is More Than 90% Male: Fewer than one in 10 of Europe’s best-paid bankers are female, new research shows ...
bloomberg.com/news/articles/2024-04-25/women-make-up-fewer-than-one-in-10-of-europe-s-best-paid-bankers
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