Eric Foucault is driving his hulking green tractor more slowly than he can walk. Shouting into his mobile phone above the cacophony of engines and horns, the farmer from south of Paris is one of 200 others clogging up the highway into the French capital. Foucault and his fellow protesters are restless, their list of … Read more
Listen to The Big Take podcast on iHeart, Apple Podcasts, Spotify and the Bloomberg TerminalBloomberg Terminal. Microsoft recently cut 1,900 jobs from its gaming division and among the layoffs were many at the recently acquired video game developer Activision Blizzard. Blizzard Entertainment’s President Mike Ybarra and co-founder Allen Adham are both departing. The tech giant … Read more
On a chilly October day in Paris in 2010, Bertrand Puech got an unexpected call on his cellphone from Bernard Arnault, the founder of luxury giant LVMH Moët Hennessy Louis Vuitton SE and one of the world’s richest men. Arnault told Puech, the family patriarch at rival Hermès, that his company had amassed shares in … Read more
One morning in October, US Army Colonel Victor Suarez finished his usual morning workout — a 32-mile bike ride — and then sat down in his home office in Frederick, Maryland. When he opened his email, his stomach dropped. Suarez spent his career getting medicines to military hospitals and combat troops, including those in Iraq … Read more
In August, shortly after the news broke that Country Garden Holdings Co. had hit a full-blown funding crisis, 38-year-old Huailan crept into the Shandong construction site where her new family home should have been all but finished. She ducked under the wire fence, climbed 18 flights of stairs to a nearby rooftop and took in … Read more
T. Rowe Price Group Inc. is reeling from a $127 billion exodus over just two years. At Franklin Resources Inc., the latest member of a billionaire family to run the firm is trying to reverse a nearly uninterrupted 20-quarter losing streak. Across the Atlantic, the chief of Abrdn Plc has reached a blunt conclusion: merely … Read more
Argentina Election 2023: Will the US Dollar Replace the Peso in … Bloomberg Source link
A Deadly Attack Unites A Divided Israel: Big Take Podcast Bloomberg Source link
When everyone expects a soft landing, brace for impact. That’s the lesson of recent economic history — and it’s an uncomfortable one for the US right now. A summer in which inflation trended lower, jobs remained plentiful and consumers kept spending has bolstered confidence — not least at the Federal Reserve — that the world’s … Read more
In a remote, dusty corner of New Mexico, so near to the Texas border that if you wander too close your smartphone changes time zones, sits a pristine factory that is the best chance for the US to wean itself off an addiction that few knew it had: uranium enriched in Russia. Outside the $5 … Read more