Inflation fears takes hold

Concern is growing about U.S. inflation as consumer prices surge. Just about everythingfrom seafood to doughnuts and bagelsnow costs more in grocery stores. Gasoline prices hit $3 a gallon this week as a foreign cyberattack shut down the biggest U.S. fuel pipeline. Rising prices may also complicate President Joe Biden’s effort to push through a multitrillion dollar infrastructure package. The economic demand is back, but supply is the problem, Mohamed El-Erian writes in Bloomberg Opinion. In developing countries, the bigger inflation scare is the increasing prospect of renewed social unrest. With the path of inflation still uncertain, here’s what top wealth advisers are warning their rich clients about.

What you’ll want to read this weekend

Fighting between Israel and Hamas has spilled over from rocket attacks and the bombing of Gaza to violence among Israelis as decades of pent-up grievances and nationalism exploded between Arabs and Jews. The crisis is dragging Biden into a vortex he sought to avoid.

The U.S. Centers for Disease Control and Prevention’s sudden decision to lift most mask requirements for vaccinated people put retailers, restaurants and companies in a complicated position. In Seychelles, health officials are trying to understand an outbreak of infections among the vaccinated.

Medical personnel administer a Chinese Covid-19 vaccine produced by Sinopharm at the Seychelles Hospital in Victoria on Jan. 10.

Photographer: Rassin Vannier/AFP

Elon Musk’s decision to stop accepting Bitcoin for car purchases at Tesla, citing environmental damage tied to crypto-mining, sent the digital currency tumbling. Crypto insiders claim the risks are overblown. A new digital token, called Internet Computer, amassed $45 billion in market value one day after its launch.

From Chipotle to your neighborhood café, restaurant managers are
raising pay to attract waiters and chefs. Delta, unable to find enough workers, is seeking volunteers among employees to clean tables. Here’s how to quit your job in the great post-pandemic resignation boom.

This summer, sail through Greece’s photogenic Saronic Isles three different ways. Or try test-riding motorized surfboards in Miamiit’s super-fun, even if not super-easy.

What you’ll need to know next week

What you’ll want to see in Bloomberg Photos

The Week In Politics From the Lens of a Camera

A cyberattack by a Russia-linked criminal group against the biggest U.S. pipeline system disrupted the supply of gasoline, jet fuel and diesel from Atlanta to New York, underscoring the vulnerability of American supply chains. Republican lawmakers ousted Liz Cheney from her House leadership position for challenging ex-President Donald Trump’s false statements about the 2020 election, setting her up as a rebel leader in a party that’s taken a hard-right turn. There was a lot to see this week.

People wait in long lines for gas in Springfield, Virginia.

Photographer: Matt McClain/The Washington Post/Getty Images

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Amazon has the keys

Friday, May 14, 2021

Bloomberg The Biden administration said it will begin updating its guidance for travel, schools and other sectors, likely further relaxing rules across the US after health officials largely lifted mask

Pipeline rebooted

Friday, May 14, 2021

Bloomberg Follow Us Get the newsletter The largest gasoline pipeline in America is returning to service, according to the company that runs it, after a cyberattack choked fuel supplies across the

The billionaire maker

Friday, May 14, 2021

Bloomberg Colonial Pipeline paid close to $5 million to foreign hackers in an effort to keep fuel flowing along the US East Coast, Bloomberg News reported Thursday. The ransom paid in cryptocurrency

Running on empty

Tuesday, May 11, 2021

Bloomberg Follow Us Get the newsletter Gasoline shortages across the US South are spidering north toward New York as panicky motorists race to fill up, fearful that a shutdown of North America's

America attacked, again

Monday, May 10, 2021

Bloomberg Follow Us Get the newsletter North America's biggest petroleum pipeline is in a race against time to overcome a cyberattack before regional reserves run dry. Colonial Pipeline said

Weekly Wrapup: Bills and Gambles

Saturday, July 24, 2021

Finshots Weekly Wrapup: Bills and Gambles In this week's wrapup we talk about the Monsoon Session of Parliament, Reliance's acquisition of Just Dial, the new drone regulations, and finally

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Friday, July 23, 2021

Bloomberg After a yearlong delay due to Covid-19, and some scandals and high profile resignations, the 2020 Tokyo Olympics are finally underway. The Games, the first ever without spectators, promise to

FTT Update: This Newsletter Requires Vaccination

Friday, July 23, 2021

​ ​ Hi all, Julie here. Happy Summer Friday all! Jordan and I close on our new home IN ONE WEEK! Ahhh! Keep us in your prayers as we hope that all goes well with that as well as the move itself. In the

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Friday, July 23, 2021

Why you should worry about the next crypto crash July 23, 2021 So much for babysitting or busing tables. Today's young adults are using the internet to make money, and not chump change either.

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Friday, July 23, 2021

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Friday, July 23, 2021

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Friday, July 23, 2021

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Friday, July 23, 2021

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The Long Slow Short

Friday, July 23, 2021

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What is Robinhood?

Friday, July 23, 2021

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