Posts filtered by tags: Bloomberg[x]


Foreigners Splurge on #Saudi Shares as FTSE Begins Upgrade - Bloomberg

:Foreign investors increased purchases of Saudi equities last week to the highest value on record as they positioned for the kingdom’s inclusion in major benchmarks. Foreigners were net buyers of about 1.6 billion riyals ($427 million) of stocks in the five days through March 14, more than any other week since the data were first disclosed in 2015. The inflows picked up as FTSE Russell begins to include the country in its emerging-market category on Monday, attracting fund managers that follow t...
Tags: Travel, Bloomberg, Rupert Neil Bumfrey, Jamal Khashoggi

YouTube's human moderators couldn't stem the deluge of Christchurch massacre videos, so YouTube benched them

YouTube said videos of the mass shooting at two mosques in Christchurch, New Zealand, were being uploaded at an "unprecedented" speed last Friday. YouTube's Chief Product Officer Neal Mohan told The Washington Post that his team removed human moderators, instead letting AI unilaterally block videos. Even then not everything was caught, as users got around the machine by adding watermarks, cutting together clips, or in some cases even animating people in the video. Mohan said YouTube's processe...
Tags: Amazon, Facebook, Instagram, Youtube, Trends, Bloomberg, New Zealand, The Washington Post, Christchurch, Mohan, Sarah Frier, Christchurch New Zealand, Neal Mohan, On Sunday Facebook, Post YouTube, Washington Post YouTube

Apple is holding a big event a week from now — here's everything it's expected to announce (AAPL)

Apple has scheduled an event for March 25, when it's expected to introduce new services focusing on video streaming and news subscriptions. Sales of Apple's iPhone have been slowing. Though Apple is likely to announce its video service this month, the service is not expected to launch until the spring. Apple made headlines recently when it sent out media invites to a March 25 event, where it's widely expected to unveil its long-rumored video service and a news-subscription platform. An expans...
Tags: Apple, Amazon, Spotify, Trends, Bloomberg, Netflix, Jennifer Aniston, Starz, Hulu, Oprah, Wall Street Journal, Hailee Steinfeld, Steven Spielberg, Cnbc, Aapl, Bernstein

The Grounded 737 Max Is Turning Into a Major Debacle for Boeing

The company's stock is tumbling amid investigations and concerns
Tags: News, Uncategorized, Bloomberg, Aviation, Boeing, Onetime

The IPO Price and the S1

In my What Is Going To Happen In 2019 post, I wrote: I expect we will see IPOs from big names like Uber/Lyft/Slack, although I also expect those deals will get priced well below the lofty expectations they have in mind right now. Some of that will be because of weak equity markets in the US, but it is also true that most of the IPOs in 2018 also priced below the lofty “going in” expectations of founders, managers, boards, and their bankers. The public markets have been much more sanguine abou...
Tags: Lyft, Time, US, Trends, Bloomberg, SEC, Stocks, EBITDA, Capital Stock In Lyft

Big buyout firms interested in Bayer’s animal-health unit: Bloomberg

PE firms including KKR and CVC Capital are exploring making bids for Bayer AG’s animal-health business, Bloomberg reported. Advent International, Blackstone Group LP, EQT Partners and Permira as well as industry rivals, could also be interested, the story said. Bayer’s animal-health business could fetch as much as 8 billion euros ($9 billion), Bloomberg said.
Tags: Trends, Bloomberg, KKR, Permira, Bayer, Bayer AG, CVC Capital, Blackstone Group LP EQT Partners

Monday round-up

This morning the Supreme Court begins its March sitting with two oral arguments. The first case is Virginia House of Delegates v. Bethune-Hill, an appeal by Republican legislators of a lower-court ruling that requires 11 state legislative districts to be redrawn to correct racial gerrymandering. Amy Howe had this blog’s preview, which was first published at Howe on the Court. Amanda Wong and Jared Ham preview the case at Cornell Law School’s Legal Information Institute, and Subscript Law has a g...
Tags: New York, Mississippi, Supreme Court, Law, Washington Post, America, Bloomberg, House, New York Times, Npr, Louisiana, North Carolina, Flowers, Smith, The Washington Post, Cornell

Assessing the State of the #UAE Banking Sector – Bloomberg

Assessing the State of the U.A.E. Banking Sector – Bloomberg:Saeeda Jaffar, managing director and Middle East co-head at Alvarez & Marsal, discusses the consolidation in the U.A.E. banking sector. She speaks on “Bloomberg Daybreak: Middle East.” (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Bloomberg, Middle East, Rupert Neil Bumfrey, Alvarez Marsal, Bloomberg Daybreak, Saeeda Jaffar, UAE Banking Sector

#Saudi Market Will Struggle to Breach 9,000 Level, Says Credit Suisse’s Iqbal – Bloomberg

Saudi Market Will Struggle to Breach 9,000 Level, Says Credit Suisse’s Iqbal – Bloomberg:Fahd Iqbal, head of Middle East research at Credit Suisse, discusses oil prices and the inclusion of Saudi stock into the FTSE Russell emerging-market indexes. He speaks on “Bloomberg Daybreak: Middle East.” (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Bloomberg, Credit Suisse, Middle East, Iqbal, Rupert Neil Bumfrey, Fahd Iqbal

Former Billionaire Races to Raise $80 Million and Avoid Jail

The tycoon’s heavily indebted telecom business had promised to pay the local unit of Ericsson AB about 5.5 billion rupees ($80 million) for past maintenance services. If the payment isn’t resolved by end-Tuesday, Ambani, 59, risks a three-month jail term. Ambani’s net worth has shrunk to about $300 million from at least $55 billion in 2008, according to data compiled by Bloomberg, as his telecom to power and infrastructure ventures struggle to deal with debt by selling assets and fending off c...
Tags: Science, Bloomberg, Ericsson AB, Ambani

Transportation Weekly: Uber’s spending habits, Tesla Model Y, scooters and AVs in Austin

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. We love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Catch up by reading the first edition here or check out , which offered the gamut of mobility news from Lyft and Bird to Waymo’s laser bears and cybersecurity. As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkorosec to ensure you see it each week. An...
Tags: Transportation, Lyft, Uber, Washington, Softbank, Israel, Los Angeles, San Francisco, Tech, Tesla, Bloomberg, E-commerce, AV, Artificial Intelligence, Austin, Automotive

#Qatar Stocks Buck Mideast Gains, Fall Most in 11 Days: Inside EM - Bloomberg

:Qatari stocks retreated the most in the Middle East, declining the most in 11 days.The main index declined 1.1 percent, led by a drop in Masraf Al Rayan. Morgan Stanley analysts last week downgraded Qatari stocks to underweight from equal-weight, citing the market’s relatively high valuations in an emailed note. The gauge has been trading at a premium to emerging-market peers since June.Still, the estimated earnings per share for the gauge’s 20 members has risen in March, poised for its longest...
Tags: Travel, Qatar, Bloomberg, Middle East, Rupert Neil Bumfrey, Masraf Al Rayan Morgan Stanley

Saudis Urge OPEC+ to Stick With Oil Cuts as Job Not Yet Done - Bloomberg

Saudis Urge OPEC+ to Stick With Oil Cuts as Job Not Yet Done - Bloomberg:OPEC and its allies have much work ahead to balance global oil markets and are prepared to do what’s necessary in the second half, Saudi Energy Minister Khalid Al-Falih said.The 24-nation coalition known as OPEC+ needs to “stay the course” until June as its job is “nowhere near complete” in terms of restoring oil-market fundamentals, Al-Falih said late Sunday at a news conference in Baku, Azerbaijan. U.S. inventories remain...
Tags: Travel, Iraq, Russia, Opec, Bloomberg, Iran, Venezuela, Baku Azerbaijan, Khalid al Falih, Alexander Novak, Rupert Neil Bumfrey, Al Falih, Saudi Energy

Kuwait Airways Said to Seek $350 Million Loan to Pay for Planes - Bloomberg

Kuwait Airways Said to Seek $350 Million Loan to Pay for Planes - Bloomberg:Kuwait Airways Corp. is seeking a $350 million loan that will help the Gulf carrier pay for planes, people with knowledge of the deal said.The state-run airline is talking to banks to raise a five-year facility, said the people, asking not to be identified because the information is private. It’ll be used to make early payments for narrow-body jets, they said.Kuwait Airways has 15 Airbus SE A320neo narrow-body planes on ...
Tags: Travel, Bloomberg, Boeing, Kuwait Airways, Gulf, Rupert Neil Bumfrey, Kuwait Airways Said, Planes Bloomberg, Kuwait Airways Corp

Failing to warn about teen cancer risk from vaping is 'unforgivable' - says surgeon

Failing to warn teenagers about cancer risks from vaping is “unforgivable”, a leading surgeon has said as he calls on ministers to introduce child-specific guidance on the dangers of e-cigarettes. Professor Kefah Mokbel, chief breast cancer surgeon at the London Breast Institute, said current Government advice is leading youngsters into believing e-cigarettes are safe. Public Health England states that e-cigarettes are estimated to be 95 per cent less harmful than tobacco. However, in his letter...
Tags: Science, London, US, Bloomberg, Public Health England, Daily Telegraph, Juul, Matt Hancock, Health and Education, Hazel Cheeseman, Mokbel, Kefah Mokbel, London Breast Institute, Amy Sellars, Latymer Upper School, Damien Hinds

Serbian Protesters Surround Presidential Palace as Vucic Speaks

(Bloomberg) -- Serbian President Aleksandar Vucic faced down angry protesters in Belgrade as he warned that violence won’t be tolerated.
Tags: News, Bloomberg, Belgrade, Presidential Palace, Aleksandar Vucic, Vucic

#SaudiArabia's New Rules Set to Raise Islamic Tax for Some Banks - Bloomberg

Saudi Arabia's New Rules Set to Raise Islamic Tax for Some Banks - Bloomberg:Saudi Arabia set out new rules for the calculation of an Islamic tax on banks that’ll result in them paying between 10 percent to 20 percent of net profit.The General Authority of Zakat & Tax set limits for the taxable asset base of between four times and eight times net profit, according to a statement on its website. That’s equivalent to a corridor of between 10 percent and 20 percent of net income, Bloomberg Intellig...
Tags: Travel, Saudi Arabia, Bloomberg, Bloomberg Intelligence, Rupert Neil Bumfrey, Edmond Christou, General Authority of Zakat Tax

Analysis Begins on the Voice Recorder Box From the Ethiopian Airlines Boeing 737 Max Crash

Authorities say that it will take between five and six months to identify the victims
Tags: News, France, Uncategorized, Bloomberg, Ethiopia, Boeing, Onetime

Apple’s ambitious vision for the future of TV is finally about to take shape. Here’s why it matters more than ever.

Apple laid the foundation for its approach to the TV market when it announced its refreshed Apple TV in 2015, and a new streaming service would serve to further that vision. It's a critical move for Apple as it looks to combat slowing iPhone sales and maintain its status as an innovator in the industry. The service will represent a new product category for Apple as next-generation gadgets like augmented reality glasses and autonomous driving software are still said to be in development. When ...
Tags: Apple, Google, Amazon, Hbo, Samsung, Trends, Bloomberg, Apple TV, Netflix, Tim Cook, Apple Watch, Pebble, James Corden, Oprah, Amazon Echo, Steven Spielberg

The History Of Grounding Planes In The U.S.

The Federal Aviation Administration grounded Boeing's 737 Max 8 and 9 this week. NPR's Audie Cornish speaks with Bloomberg reporter Alan Levin about the historical precedent and possible fallout.
Tags: News, Bloomberg, Npr, Boeing, Federal Aviation Administration, Audie Cornish, Alan Levin

Weirdo O’Rourke

Friends of the young Bill Clinton and Barack Obama spoke of the special glow of promise they had about them, even back in their early twenties. Angels sat on their shoulders. History gave them a wink and said, “Hey, good lookin’, I’ll be back to pick you up later.”Robert O’Rourke? Not so much. He was just a weirdo. That isn’t my word, it’s how his friends saw him. “You’re supposed to make friends with future secretaries of state, not weirdo musicians,” one O’Rourke pal, Adam Mortimer, told the N...
Tags: Texas, News, Senate, White House, Virginia, New York City, Elizabeth Warren, NFL, America, Barack Obama, Bloomberg, Normandy, Ted Cruz, New York Times, Bill Clinton, Dallas

PagerDuty just filed its S-1

Yet another San Francisco-based company looks to be going public imminently. PagerDuty, an 8.5-year-old startup that sends companies information about their technology, just filed its S-1, a public disclosure about its IPOs plans. PagerDuty, which helps companies quickly respond to IT incidents, as well as increasingly tries to anticipate them, had reportedly filed confidentially several months ago but the 35-day government shutdown meant that no one could review its prospectus (or that of other...
Tags: Startups, TC, San Francisco, Bloomberg, Morgan Stanley, Bessemer Venture Partners, Eventbrite, Bessemer, Tejada, Harrison Metal, Baseline Ventures, Julia Hartz, T Rowe Price Associates, Jennifer Tejada, Wellington Management Earlier, Accel Andreessen Horowitz

DANGER: Astroturf Organizations & Phony Facebook Accounts Target Your RKBA

Opinion Bloomberg Tower : 731 Lexington Avenue New York City, NY, United States Image: Markus Poessel (Mapos) [CC BY-SA 3.0 (], from Wikimedia Commons USA – -( What if I told you that an estimated 200 people in the building above and working for Bloomberg have only one specific task. That is to destroy the NRA in any way possible. What if I told you with-in 5 hours Bloomberg can have a team on the ground of any school shooting to or...
Tags: Facebook, Guns, America, Bloomberg, Cnn, Fox News, Michael Bloomberg, Nra, Los Padres, Gun Rights News, Democrats War on Guns, Don McDougall, Bloomberg Tower, Phony Facebook, Don McDougall Don McDougall Don McDougall, Lexington Avenue New York City NY United States

Elon Musk says 2018 felt like 'aging 5 years in 1' as Tesla went through production hell (TSLA)

2018 was one of Tesla's most important — but most difficult — years to date.  The company worked at break-neck speed to ramp up production of the Model 3 and become profitable.  CEO Elon Musk opened up about those struggles in his unveiling of Tesla's newest car on Thursday, saying last year felt like aging five years in one.  In his unveiling of Tesla's newest car, the Model Y, on Thursday, CEO Elon Musk opened up about Tesla's struggle to mass-produce cars and become profitable in 2018. "20...
Tags: Elon Musk, Trends, Tesla, Bloomberg, Tesla Elon Musk

Washington: Voter’s Rights Under Fire

Opinion Washington: Voter's Rights Under Fire USA – -( For almost 60 years, the state of Washington has been the gold standard for straight-forward concealed carry licensing. Washington has had shall-issue concealed carry with no training requirement since 1961, and there has never been any sort of problem reported as a result of their simple law which requires a small application fee, a basic criminal background check, and fingerprints. No mandatory training. No local law enfo...
Tags: Guns, Microsoft, California, Washington, San Francisco, Bloomberg, Bill Gates, Paul Allen, Silicon Valley, West Coast, Washington State, Seattle, Boeing, Michael Bloomberg, Eastern Washington, State Legislature

Mt. Gox’s Mark Karpelès could avoid prison, despite faking financial records

Mark Karpelès, the head of defunct cryptocurrency exchange Mt. Gox, has been found guilty of tampering with financial records, but thanks to a suspended sentence will probably avoid prison. Today, some five years after being ransacked by hackers, a Japanese court found Karpelès combined his personal finances with user funds kept on Mt. Gox in a bid to obfuscate the losses. He was handed a 33-month suspended sentence, Bloomberg reports. The Tokyo District Court also found the Frenchman ‘not-guilt...
Tags: Startups, Bloomberg, Cryptocurrency, Blockchain, Tokyo District Court, Mark Karpeles, Karpeles, Mt Gox, Hard Fork

Apple is holding a big event this month — here's everything it's expected to announce (AAPL)

Apple is holding an event on March 25 during which it's expected to introduce new services focusing on video streaming and news subscriptions. The announcement will come as sales of Apple's iPhone have been slowing. Although Apple will likely announce its video service this month, it's not expected to launch until the spring.  Apple made headlines this week when it sent out media invites to an event on March 25, where it's widely expected to unveil its long-rumored video service and a news su...
Tags: Apple, Amazon, Spotify, Trends, Bloomberg, Netflix, Jennifer Aniston, Starz, Hulu, Oprah, Wall Street Journal, Hailee Steinfeld, Steven Spielberg, Cnbc, Aapl, Bernstein

Wall Street's biggest Nvidia bull and bear debate how crypto, data-center competition, and the China slowdown will impact the chip giant (NVDA)

Nvidia's stock shed nearly half of its value from November to January after the chipmaker delivered disappointing third-quarter results and later cut its fourth-quarter revenue guidance. But shares recovered a bit as its fourth-quarter results topped Wall Street estimates and after it beat out Intel in the race for acquiring Mellanox Technologies. To distill the latest arguments for and against investing in Nvidia, Markets Insider asked the Wall Street analysts carrying the stock's highest and...
Tags: China, Singapore, US, Trends, Bloomberg, Intel, Nvidia, Gpu, Morningstar, SunTrust, NVDA, David Connor, Exane BNP Paribas, William Stein, Mellanox Technologies, Watch Nvidia

A Low-Key Elon Musk Unveils the Tesla Model Y Crossover SUV

'He was almost apologetic. It was a bit of a reality check.'
Tags: News, Uncategorized, Tesla, Bloomberg, Automakers, Onetime

Your Kids Are Absolutely Right to Go On Strike

(Bloomberg Opinion) -- John Lanchester’s new novel “The Wall” imagines Britain after “The Change.” Following a dramatic shift in temperature and sea levels, the U.K. has barricaded off what remains of the coastline; in Lanchester’s dystopia, there aren’t any beaches left.
Tags: Science, Bloomberg, Britain, John Lanchester, Lanchester