They have a deal

After weeks of negotiations, there appears to be a U.S. infrastructure deal. President Joe Biden celebrated the tentative, $579 billion agreement with a bipartisan group of senators. The amount however is well below the original $2.2 trillion proposal. If passed, the bill would finance public transit, electric vehicle charging stations, bridge and road repair and broadband internet. One of the larger obstacles facing the scaled down package is linkage: it’s expected to move through Congress alongside another bill that would spend trillions of dollars on what Biden called “human infrastructure,” which Republicans oppose. The Democrat cautioned that he will sign the infrastructure bill only if it’s accompanied by the second package. Margaret Sutherlin

Bloomberg is tracking the progress of coronavirus vaccines while mapping the pandemic worldwide

Here are today’s top stories  

House Speaker Nancy Pelosi said she will create a select committee to investigate the Jan. 6 insurrection by followers of former President Donald Trump after Republicans blocked naming an independent commission.  

Law enforcement detained Trump followers who breached the House Chamber during the Jan. 6 attack on Congress. Photographer: Stefani Reynolds/Bloomberg

Markets seemed to like Thursday’s economic data, jumping to record highs. Construction giant Caterpillar led gains while major steel, aluminum and farm-equipment makers rose, all helped by news of the bipartisan deal in Washington. Here’s your markets wrap

Almost all U.S. Covid-19 deaths are now among people who weren’t vaccinated. Around the world, experts are racing to contain the delta variant. Israel has delayed reopening for tourists after a surge of infections, while the variant accounts for 25% of new cases in Italy. Here’s the latest on the pandemic

More than 90% of the western U.S. is covered by some category of drought—the worst levels in the U.S. Drought Monitor’s 21-year history. Experts say conditions are only going to worsen

Trees in the Eldorado National Forest that were burned by the 2014 King Fire near Georgetown, California.  Photographer: Max Whittaker/Bloomberg

Fallout from the collapse of Archegos Capital Management continues. U.S. Justice Department investigators are examining how global banks handled multibillion-dollar trades that sent stocks into a spiral, burning shareholders. 

Peter Thiel, the billionaire co-founder of Paypal and vocal opponent of higher taxes, has reportedly amassed $5 billion in a tax-free retirement account.

Peter Thiel Photographer: John Lamparski/Getty Images

Rudy Giuliani, Trump’s former lawyer, had his New York law license suspended for—as a state court put it—placing the public at risk by spreading lies about the 2020 presidential election

What you’ll need to know tomorrow 

A New Vision for the Birthplace of Urban Renewal

Pittsburgh’s Lower Hill District was razed 65 years ago—the first so-called urban renewal project funded by the federal government. It was one which forced out thousands of Black, Jewish, Italian and Eastern European families. Now, Bloomberg CityLab reports how a new, $230 million redevelopment effort is putting Black people in the driver’s seat.

Protesters gather in Pittsburgh in 1961 to challenge a federally funded project that forced thousands of families  from their homes. Photographer: Teenie Harris Archive/Carnegie M/Carnegie Museum of Art

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You’re fired

Wednesday, June 23, 2021

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Bitcoin takes a dive

Tuesday, June 22, 2021

Bloomberg US Federal Reserve Chair Jerome Powell acknowledged that recent price increases have been bigger than expected, but reiterated that they are temporary in nature and not emblematic of a long

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Monday, June 21, 2021

Bloomberg Exxon Mobil is preparing to cut US office staff by 5% and 10% annually for the next three to five years. The plan is separate from the fossil fuel giant's announcement last year that it

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Saturday, June 19, 2021

Bloomberg Follow Us Get the newsletter The return-to-office trickle is becoming a steady flow back into plastic-lined cubicles. Goldman Sachs unveiled the most aggressive Wall Street effort yet to

Fed sends investors fleeing

Friday, June 18, 2021

Bloomberg It was another rough day for US markets. The S&P fell 1.9% in the biggest weekly drop since February, extending a bout of volatility ignited by surprise hawkishness at the Federal Reserve

Is India getting its own digital currency?

Wednesday, July 28, 2021

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Wednesday, July 28, 2021

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Going backwards

Tuesday, July 27, 2021

Bloomberg It was a wrenching first hearing before the special Congressional panel investigating the deadly Jan. 6 insurrection. On that day almost seven months ago, when Congress was formalizing the

🎉 Apple, Alphabet, Microsoft: boom

Tuesday, July 27, 2021

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Opinionated: Better Money Storylines Anyone?

Tuesday, July 27, 2021

Plus, retirement dreams and leveling up your career game. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Will Robinhood Start Offering Retirement Accounts?

Tuesday, July 27, 2021

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[New post] Slow recoveries, endogenous growth and macroprudential policy

Tuesday, July 27, 2021

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Why cigarette companies want you to quit smoking

Tuesday, July 27, 2021

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Bitcoin Prices Soar on Speculation Amazon Will Soon Accept Cryptocurrencies as Payment

Tuesday, July 27, 2021

A job posting offers a tantalizing clue. July 26, 2021 EVERYDAY MONEY Bitcoin Prices Soar on Speculation Amazon Will Soon Accept Cryptocurrencies as Payment A job posting offers a tantalizing clue.

China wipeout

Monday, July 26, 2021

Bloomberg Beijing's intensifying crackdown on its own technology sector is being felt across global markets, erasing $769 billion in value from US-listed Chinese stocks in just five months. On