BlackRock CEO Larry Fink warns that inflation is not transitory and the Federal Reserve does not have the tools to deal with it right now. Speaking with David Westin on “Bloomberg Markets: The Close,” Fink also discusses sustainability investing and his concerns about immigration.
Losses at Tiger Global Managementreached 52% this year, prompting the firm to cut management fees and create separate accounts for the illiquid wagers of customers who want to redeem. Hema Parmar reports on “Bloomberg Markets: The Close.”
Despite record-low unemployment, real wages in the US are falling badly behind in the current high-inflation environment. How much of an impact has the surge in consumer prices had on the earnings of US workers? Presented by @CME Group: https://www.cmegroup.com/openmarkets/economics.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights
Falling production in the UK’s consumer goods industry dragged down output in the manufacturing sector to a seven-month low in May amid broader signs of a global economic slowdown. Growth in Britain’s factory sector slowed last month, according to a closely watched survey, driven by global supply chain disruption, high inflation and falling new orders. […]
The road haulage industry should be given a two-year deadline to upgrade facilities for lorry drivers, with clean showers, healthy food and spaces for female drivers, or face a new tax, ministers have been told. On Wednesday, a cross-party group of MPs called for the logistics industry to “get its house in order” by improving […]
Elon Musk, the Tesla chief executive, has asked employees to return to the office or “pretend to work somewhere else”, according to a memo sent to staff. About 30% of US office workers are still working from home, according to Nick Bloom, a Stanford economics professor and co-founder of Working from Home Research Project. Many […]
Euan Blair, 38, the founder and chief executive of the apprentice company Multiverse, which matches young people with apprenticeship routes into work, is awarded an MBE for services to education. He said: “It’s a real honour to receive this recognition, but it’s on behalf of an organisation full of people who are working tirelessly to […]
Sales of English wine passed £25 million last year, despite a hit on the hospitality sector from the Covid-19 pandemic. A study by the accountants UHY Hacker Young found that the collective turnover of England’s top wine producers grew by 4.5 per cent year-on-year to £25.4 million — mostly sparkling wines. The firm said it […]
The hospitality industry is set to reap a much-needed £2 billion bonanza from the extended Jubilee bank holiday. A survey held jointly by four trade bodies estimates that the sector can look forward to a 22 per cent jump in trade over the next four days as the UK celebrates the Queen’s Platinum Jubilee. UKHospitality, […]
Sheryl Sandberg, one of the most senior women in corporate America, has announced her resignation as chief operating officer at Meta Platforms. The Silicon Valley executive, who has served as Mark Zuckerberg’s principal deputy since the early years of Facebook, will leave the world’s largest social media group in the autumn. Sandberg, 52, will step […]