Ray Dalio Says Cash, Bonds ‘Stupid to Own’ Amid Money Printing - BNN Bloomberg

Ray Dalio Says Cash, Bonds ‘Stupid to Own’ Amid Money Printing - BNN Bloomberg: Ray Dalio renewed his warning about holding cash and bonds on Tuesday amid the ongoing, pandemic-fueled increase in debt creation and monetization in the U.S.

Biden keeps Powell as U.S. Fed chair, names Brainard vice chair - BNN Bloomberg

Biden keeps Powell as U.S. Fed chair, names Brainard vice chair - BNN Bloomberg: President Joe Biden selected Jerome Powell for a second four-year term as U.S. Federal Reserve chair and elevated Governor Lael Brainard to vice chair, maintaining consistency at the central bank as it grapples with the fastest inflation in three decades and the lingering effects of the coronavirus.

Biden Reminded Xi He Voted for Taiwan Law During Summit - BNN Bloomberg

Biden Reminded Xi He Voted for Taiwan Law During Summit - BNN Bloomberg: U.S. President Joe Biden reminded Chinese President Xi Jinping that he voted as a senator to support Taiwan’s self-defense when the two discussed the island in a virtual summit Monday, National Security Adviser Jake Sullivan said.

Powell risks rerun of 1960s inflation from confusing jobs market - BNN Bloomberg

Powell risks rerun of 1960s inflation from confusing jobs market - BNN Bloomberg: In the late 1960s, U.S. economic policy makers misjudged how hot they could run the jobs market without fanning inflation. The miscue paved the way for an economically debilitating wage-price spiral the following decade.

Mystery of Who Invented Bitcoin Hangs Over Scientist’s Trial - BNN Bloomberg

Mystery of Who Invented Bitcoin Hangs Over Scientist’s Trial - BNN Bloomberg: Cryptocurrency enthusiasts may be disappointed if they’re expecting a three-week trial in Miami federal court to finally establish the true identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin.But curiosity seekers will nonetheless be drawn to watch Australian computer scientist Craig Wright, the self-described inventor of Bitcoin, defend himself against claims that he swindled the estate of a deceased Florida man of its share of some $65 billion of the peer-to-peer currency and int

Merkel’s Parting Words to the EU: ‘There’s a Lot to Worry About’ - BNN Bloomberg

Merkel’s Parting Words to the EU: ‘There’s a Lot to Worry About’ - BNN Bloomberg: (Bloomberg) -- Chancellor Angela Merkel said the European Union faces “a whole array of unsolved problems” at what was likely her final summit, striking a somber tone that contrasted with a celebratory send-off by the bloc’s leaders.

Merkel Dismisses Russian Role in Europe’s Energy Price Crisis - BNN Bloomberg

Merkel Dismisses Russian Role in Europe’s Energy Price Crisis - BNN Bloomberg

'A very important market': Why Infosys chose Canada for new innovation hub - BNN Bloomberg

'A very important market': Why Infosys chose Canada for new innovation hub - BNN Bloomberg: A top executive at global tech consultancy Infosys Ltd. said the company is on track to reach its goal of employing 4,000 Canadians by 2023 after boosting its Toronto-area presence to meet growing customer demand.

China’s Regulatory Crackdowns Are Already Hurting the Economy - BNN Bloomberg

China’s Regulatory Crackdowns Are Already Hurting the Economy - BNN Bloomberg: China’s campaign to clamp down on industries ranging from steel to education to property has roiled financial markets and curbed the outlook for growth in the world’s second-largest economy.

Inside China's Accelerating Bid for Chip Supremacy

Biden aims to dismantle weapons richest 0.1% use to avoid taxes - BNN Bloomberg

Biden aims to dismantle weapons richest 0.1% use to avoid taxes - BNN Bloomberg: An unpleasant surprise for wealthy Americans was lurking halfway through a 114-page document released by the U.S. Treasury late last month.

China growth decouples from credit, with global implications - BNN Bloomberg

China growth decouples from credit, with global implications - BNN Bloomberg: Chinese manufacturer Lou Zhongping is being bombarded with offers of new loans from banks and government officials, attention that he says is finally coming to smaller businesses like his own.

'It takes time': Carney preaches patience on energy transition - BNN Bloomberg

'It takes time': Carney preaches patience on energy transition - BNN Bloomberg: Former Bank of Canada and Bank of England Governor Mark Carney doesn’t think Canada should turn its back on fossil fuels just yet.

G-7 eyes ambitious shift to electric cars and away from oil - BNN Bloomberg

G-7 eyes ambitious shift to electric cars and away from oil - BNN Bloomberg: Group of Seven leaders are discussing ambitious plans to shift the balance of car buying away from gasoline to greener vehicles by the end of the decade, as part of a package of measures to combat climate change.

Chrystia Freeland is trying to supercharge Canada's growth - BNN Bloomberg

Chrystia Freeland is trying to supercharge Canada's growth - BNN Bloomberg: To repair the economic damage wrought by the pandemic, the finance minister is using lessons from her journalism career and the collapse of the Soviet Union.

Elon Musk's Mars ambition could be the riskiest human quest ever - BNN Bloomberg

Elon Musk's Mars ambition could be the riskiest human quest ever - BNN Bloomberg: More than half a century after Neil Armstrong took mankind’s giant leap on the moon, another space race is heating up. This time, the promising new frontier for Earthlings is Mars, the planet next door.

The next Silicon Valley is in China -- Pascal's China Lens week 43

Self-driving cars pose crucial question: Who to blame in a crash - BNN Bloomberg

Self-driving cars pose crucial question: Who to blame in a crash - BNN Bloomberg: A debate over who to blame -- or sue -- when a self-driven car hits someone is holding up legislation the industry says it needs to advance.

Pandemic linked to 15 per cent drop in fossil fuel use in 2020: energy regulator - BNN Bloomberg

Pandemic linked to 15 per cent drop in fossil fuel use in 2020: energy regulator - BNN Bloomberg: In a report that's consistent with updates over the past year from refiners such as Imperial Oil Ltd. and Suncor Energy Inc., the federal regulator says gasoline consumption volumes fell the most in 2020, followed closely by jet fuel, then diesel fuel, with consumption of all three fuels bottoming out in April 2020.

The world economy is suddenly running low on everything - BNN Bloomberg

The world economy is suddenly running low on everything - BNN Bloomberg: ‘It is anything but efficient or normal.’ Surging corporate demand is upending global supply chains.