Romaine Bostick breaks 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”.
Experts believe that the future of diversity, equity and inclusion in the workplace will be about creating habits that help mitigate some of our most basic unconscious biases. And getting there requires some uncomfortable conversations.
Tesla’s Best Week Since 2013 Spurs Bets That Worst Is Over
Bed Bath & Beyond Falters in Effort to Find Buyer in Bankruptcy
Colombia Slows Pace of Rate Hikes, Surprising Most Economists
Rapidly Cooling Housing Market Helps to Quell Canadian Inflation
ECB Rate-Hike Week May Feature Slowing Inflation, Stalling GDP
Goldman Considers Financing Italy’s Top Football League
Bed Bath & Beyond Falters in Effort to Find Buyer in Bankruptcy
House Republicans Pivot Away From Big Tech Antitrust Crackdown
Twitter’s Trust and Safety Head Ditches Protocol for Musk Whims
Chip Stocks Extend Gains in Asia, Defying Intel’s Sales Warning
UK and EU Nearing Provisional Brexit Deal in Northern Ireland Talks
Biden Wins Deal With Netherlands, Japan on China Chip Export Limit
Josh Harris Revels in Philly ‘Swagger’ With Super Bowl in Sight
Adani Faces One of Worst Billionaire Wipeouts With Empire Under Siege
Saudi Prince Locked in $5 Million Fight Over ‘James Bond Island’
Before Venus and Serena, Tennis Had Althea Gibson
The Boss Takes a Pay Cut But His Goldman Sachs Vision Survives
Algorithms Are the New Trendy Corporate Placebo
Evidence Is Mounting That Covid Is Bad for the Brain
Even $370 Billion in US Incentives Won’t Solve All of Solar’s Struggles
A Bet on a Busted Airline Is Poised for a $100 Million Payoff
From the War Zone to the Classroom, Pursuing Business for Peace
FDA Plans to Loosen Blood Donation Rules for Gay and Bisexual Men
Yale-Harvard Snub of US News Rankings Opens Way for More Exits
California Storms Have Farmers Rushing to Avoid Crop Shortfall
UN Agency Moves to Curb Underwater Shipping Noise That Affects Marine Life
An Iowa Town’s $60 Million Plan to Span the Broadband Gap
US States See Record Diversity in Government Leadership
JFK Airport’s New Terminal One Gets a Solar Boost
This Week in Crypto: Binance Mishandles Collateral, More Crypto Layoffs (Podcast)
Bitcoin Declines as Risk Correlation Eases After Recent Rally
Contagion Spreads as Crypto Lender Genesis Files for Bankruptcy (Podcast)
Olivia Rockeman,
Reade Pickert and
Matthew Boesler
Subscriber Benefit
Subscribe
US jobs openings and a consumer confidence gauge both topped forecasts, pointing to strength in household and labor demand that risks sustaining inflationary pressures and raises the prospects for a third straight 75 basis-point interest-rate hike by the Federal Reserve.
The Conference Board’s August index of sentiment rose to a three-month high, and the report also showed firmer buying plans for appliances and cars. Job vacancies, meanwhile, unexpectedly increased to 11.2 million in July, close to a record and underscoring persistent tightness in the labor market.