• RT @TheStalwart: MORE CHIPS CONTENT On the new Odd Lots, @tracyalloway and I brought back on @Srasgon to explain why, after all this time,…
    Bloomberg Markets Thu 16 Sep 2021 12:41
  • U.S. retail sales unexpectedly rose August Link https://t.co/868OOxwuHZ
    Bloomberg Markets Thu 16 Sep 2021 12:41
  • A survey of investors with portfolios worth a median $450,000 shows that many people are worried about retirement Link
    Bloomberg Markets Thu 16 Sep 2021 12:36
  • Initial jobless claims rose last week in the wake of Hurricane Ida Link https://t.co/BqjtDm8Esm
    Bloomberg Markets Thu 16 Sep 2021 12:36

    Applications for U.S. state unemployment benefits rose last week, led by a jump in Louisiana, as Hurricane Ida continues to throw a wrench in the labor market’s broad recovery. 

    Initial unemployment claims in regular state programs increased to 332,000 in the week ended Sept. 11, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for an increase to 322,000 new applications.

  • RT @BNCommodities: Climate change is buffeting the planet harder and sooner than expected and efforts to slow it down still aren’t aggressi…
    Bloomberg Markets Thu 16 Sep 2021 12:31
  • RT @ZSchneeweiss: CFOs say supply-chain upheaval to hit 2021 sales, raise costs: Supply Lines Link via @atanzi https://t…
    Bloomberg Markets Thu 16 Sep 2021 12:31
    shortages.

    Just ask RoxAnne Thomas, U.S. transportation manager at Gerber Plumbing Fixtures in suburban Chicago. She’s among the logistics chiefs at the center of the storm, battling every day to ensure products vital to the U.S. economy find their way to customers. (Read the full story

  • France's top diplomat unleashes fury at Joe Biden after the U.S. and the U.K. announced a new security alliance which will cost the French defense industry billions Link
    Bloomberg Markets Thu 16 Sep 2021 12:26

    France’s top diplomat unleashed a stream of invective against President Joe Biden after the U.S. and the U.K. announced a new security alliance for the Pacific region which will cost the French defense industry some A$90 billion (56 billion euros). 

    Foreign Minister Jean-Yves Le Drian told France Info Thursday that he felt “stabbed in the back” over the “unacceptable” deal that will hurt French business and shuts the French military out of a key initiative in Western efforts to build a bulwark against China. 

  • South Korea’s leading opposition candidate warned of a potential collapse in the housing market and a spike in bankruptcies Link
    Bloomberg Markets Thu 16 Sep 2021 12:26

    South Korea’s leading opposition candidate warned of a potential collapse in the housing market and a spike in bankruptcies as interest rates rise, blaming President Moon Jae-in for letting debt levels hit a record through expansionary spending.

    Hong Joon-pyo, one of the top-ranked conservatives seeking to be the next president, said the current level of fiscal spending is unsustainable with government debt expected at over 1,000 trillion ($855 billion) next year.   

  • Here's a rundown of your top economic news today Link
    Bloomberg Markets Thu 16 Sep 2021 12:21
  • More than half a dozen suits citing NFTs have been filed in federal courts alone since the start of 2020, including one over the potential sale of the copyright to Jay-Z’s debut album Link
    Bloomberg Markets Thu 16 Sep 2021 12:11
    sell CDs of his music out of a car in the Brooklyn projects. Today, the co-founders of Roc-A-Fella Records are embroiled in a legal fight involving one of the most cutting-edge investments: non-fungible tokens.

    The lawsuit is among a flurry involving NFTs as U.S. courts begin to grapple with the novel legal issues surrounding ownership and regulation of the assets, which have recently exploded in value. More than half a dozen suits citing NFTs have been filed in federal courts alone since the start of 2020, as monthly trading volume in the world’s biggest NFT marketplace, OpenSea, soared from $8 million six months ago to more than $1 billion in August.

  • Rap Genius was the hot startup of 2012 Link
    Bloomberg Markets Thu 16 Sep 2021 12:01

    Music-annotating startup Genius Media Group Inc., a site that drew attention in part for outsized funding from venture capitalists, has sold its assets to a Santa Monica, California-based media holding company for $80 million.

    The buyer is MediaLab.Ai Inc., which will cut some jobs as part of the process. “We are restructuring the way in which original content is produced at Genius and as part of that some very talented individuals on the content and production teams were let go,” MediaLab said in a statement. The company will not make cuts to the teams handling sales, product or engineering, said a person familiar with the matter who asked not to be identified discussing private information. “The scale of the community platform is what attracted us to Genius and this is where we will be heavily investing going forward, with a renewed focus on emerging artists,” the company said. 

  • Iran dodges formal diplomatic censure at the UN nuclear watchdog as envoys opted to try coaxing Tehran back to the negotiating table Link
    Bloomberg Markets Thu 16 Sep 2021 11:56
    United Nations nuclear watchdog as envoys opted to try coaxing Tehran back to the negotiating table rather than mount pressure over an investigation into decades-old traces of atomic material. 

    By avoiding an official rebuke, the

  • Goldman Sachs expects the Bank of England to start a cycle of interest-rate hikes that will take borrowing costs to 1% in two years’ time Link
    Bloomberg Markets Thu 16 Sep 2021 11:46
  • RT @DonalGriffin1: A onetime star FX trader at Morgan Stanley has left after the bank disclosed allegations linked to his conduct. It follo…
    Bloomberg Markets Thu 16 Sep 2021 11:41
  • RT @patrickjdo: The AfD has tapped into new support by embracing pandemic dissenters, ridiculing face masks, pushing back against pressure…
    Bloomberg Markets Thu 16 Sep 2021 11:31
  • RT @TheStalwart: HERE'S THE TRUTH ABOUT THE 'TAX THE RICH' DRESS For today's @markets newsletter, I finally weighed in on the topic that e…
    Bloomberg Markets Thu 16 Sep 2021 11:16
  • The Philippines is checking 250 key social media influencers to see if they are paying their taxes Link
    Bloomberg Markets Thu 16 Sep 2021 11:01

    The Philippines is checking initially 250 social media influencers if they are paying their taxes as the government seeks to plug revenue leaks amid rising debt. 

    Letters for investigation were sent to social media endorsers who are top earners in their field, the finance department said in a statement on Thursday, citing a report from the Bureau of Internal Revenue.  

  • #5Things -Rising costs -Growth check -Slow House -Markets mixed -Coming up... Link https://t.co/3GycYhoFAF
    Bloomberg Markets Thu 16 Sep 2021 10:56
    small boost on Tuesday when U.S. inflation data came in slightly lower than expected. Today we get a check on the growth side of the debate, with August retail sales data and weekly jobless claims numbers due. Sales are expected to have fallen again as car purchases plunge, while claims may tick higher due to an influx of
  • Japan's next prime minister doesn't need to get too creative. Just look to Abenomics for inspiration, writes @Moss_Eco Link via @bopinion
    Bloomberg Markets Thu 16 Sep 2021 10:51
    Daniel Moss is a Bloomberg Opinion columnist covering Asian economies. Previously he was executive editor of Bloomberg News for global economics, and has led teams in Asia, Europe and North America.
  • RT @ZSchneeweiss: Why an electric car battery is so expensive, for now Link https://t.co/A3FcQntpnR
    Bloomberg Markets Thu 16 Sep 2021 10:51
    Tesla Inc.’s ballyhooed Battery Day event last year, CEO Elon Musk set himself an ambitious target: to produce a $25,000 electric vehicle by 2023. Hitting that sticker price -- about $15,000 cheaper than the company’s
  • Australia’s about-turn on a submarine order has left the French defense industry licking its wounds while boosting rivals that are set to profit from a new deal with Britain and the U.S. Link
    Bloomberg Markets Thu 16 Sep 2021 10:21
    Rolls-Royce Holdings Plc that are set to profit from a new deal with Britain and the U.S.

    French firms reacted with dismay to the effective loss of a contract won half a decade ago, with state-controlled

  • RT @justinaknope: ICYMI: I wrote about the Great NFT Insider Front-running Scandal of 2021 Link @markets @crypto
    Bloomberg Markets Thu 16 Sep 2021 10:21
    image of technicolor aliens in a ramen restaurant. 

    This is the story that captivated crypto social media on Wednesday, when the largest marketplace for non-fungible tokens OpenSea confirmed an employee was trading on confidential information after a few users on Twitter uncovered bread crumbs pointing to nefarious behavior.

  • RT @StuartLWallace: Inside the brutal realities of supply chain hell Link via @b_muzz https://t.co/0xUzWmQD9M
    Bloomberg Markets Thu 16 Sep 2021 10:21

    It’s mid-August, and logistics manager RoxAnne Thomas’s phone won’t stop pinging. Her faucets, sinks, and toilets are waylaid near Shanghai, snagged in Vancouver, and buried under a pile of shipping containers in a rail yard outside Chicago. As U.S. transportation manager for

  • Four ex-Volkswagen managers stand trial in Germany accused of fraud for their part in the diesel-rigging scandal that cost the company billions and tarnished its reputation Link
    Bloomberg Markets Thu 16 Sep 2021 10:11
  • Emirates is going on a recruiting spree as the easing of travel restrictions boosts demand for travel Link
    Bloomberg Markets Thu 16 Sep 2021 09:51
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