Garland sues Georgia

The U.S. Justice Department is filing a lawsuit over the sweeping new Republican-backed voting law in Georgia. Attorney General Merrick Garland said the bill, passed in March, intentionally discriminates against Black voters. While Garland has kept a low profile in his early months in office, the lawsuit puts him in the middle of the conflict over Republican efforts to impose new voting restrictions after former President Donald Trump’s false assertions that he was robbed of re-election by voter fraud. For his part, President Joe Biden said he will travel the U.S. to warn voters against the GOP-led effort. Margaret Sutherlin

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

Here are today’s top stories  

Former Minneapolis police officer Derek Chauvin was sentenced Friday to 22 years and six months in prison for murdering George Floyd, a videotaped killing that triggered the most profound racial upheaval in the U.S. since the civil rights era.  

Wendell Floyd, George Floyd’s cousin, pays his respects at a mural reading “I Can’t Breathe” at George Floyd Square in Minneapolis, Minnesota, on May 25.  Photographer: Tim Evans/Bloomberg

The S&P 500 had its best week since February, with financial and retail shares beating the tech giants. It may be too early to say that the reflation trade has come back in full force, but at least the anxiety regarding the Federal Reserve’s hawkish tilt has eased. Here’s your markets wrap

The delta variant of the coronavirus is “the most transmissible of the variants identified so far” and has spread to at least 85 countries, the head of the World Health Organization warned Friday. U.S. health officials paused distribution of Eli Lilly’s combination antibody therapy due to fears it won’t combat two increasingly common variants. Here’s the latest on the pandemic.

Manhattan prosecutors informed Trump’s company that it could soon face charges stemming from a long-running investigation of its business dealings.  

Biden’s bipartisan infrastructure deal is already under threat a day after it was announced. Eleven Republicans face pressure from their party to bolt after the president explicitly tied its signing to a multitrillion dollar spending package supported by Democrats.

President Joe Biden outside the White House this week with a bipartisan group of senators after reaching an infrastructure deal.  Photographer: Win McNamee/Getty Images North America

Virgin Galactic shares surged Friday after the company received regulatory approval to fly customers into space, moving the budding industry founded by billionaires one step closer to reality. 

Investors hunting for returns in the red hot U.S. real estate market are tapping a new strategy: building massive portfolios of houses to rent out on Airbnb. The shift in strategy comes as record-low home inventory pushes prices higher.

What you’ll need to know tomorrow 

  • The Big Take: China crushed Jack Ma. His fintech rivals may be next.  
  • Biden named a special envoy for LGBTQ issues and rights.
  • Among the missing in Florida’s collapsed tower: vaccine tourists.
  • A record-setting heat wave is heading for the western U.S. 
  • Nations relaxing Covid limits for tourist dollars face EU pressure. 
  • The U.S. House reinstated Obama-era methane caps for oil and gas.
  • Women did three times the amount of childcare that men did in 2020.

    Millions Who Needed Covid Aid Didn’t Get It

    A record number of Americans applied for unemployment during the pandemic. New data shows almost 9 million people without work missed out on benefits, revealing a gaping hole in the country’s social safety net. 

    Indianapolis-area resident Barb Ashbrook was denied unemployment benefits because of a part-time job that paid $121 a week.  Photographer: John-David Richardson for Bloomberg Businessweek

    Like getting the Evening Briefing? Subscribe to Bloomberg.com for unlimited access to trusted, data-driven journalism and gain expert analysis from exclusive subscriber-only newsletters.

    Watch the future unfold on June 30Register here for Bloomberg New Economy Catalyst, a global, 6-hour virtual event celebrating the innovators, scientists, policymakers and entrepreneurs accelerating solutions to today’s biggest problems. We will explore what matters, what’s next and the what-ifs of climate change, agriculture, biotech, digital money, e-commerce and space through the imaginations and stories of these ascendant leaders.

Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.

 

Download the Bloomberg app: It’s available for iOS and Android.

Older messages

They have a deal

Thursday, June 24, 2021

Bloomberg After weeks of negotiations, there appears to be a US infrastructure deal. President Joe Biden celebrated the tentative, $579 billion agreement with a bipartisan group of senators. The amount

You’re fired

Wednesday, June 23, 2021

Bloomberg The delta variant of the coronavirus is spreading rapidly in the US and now accounts for one-fifth of recent infections in the world's hardest-hit country. Meanwhile, a new study provides

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

Covid rises in the South

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

Hazardous to your health

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

Is India getting its own digital currency?

Wednesday, July 28, 2021

Finshots Is India getting its own digital currency? A few days back we began hearing whispers about a central bank digital currency (CBDC) and how the RBI is working on it as we speak. So in

Back-to-School Shopping Will Be More Expensive This Year

Wednesday, July 28, 2021

Shoppers should expect shortages and higher prices on computers and other school supplies. July 27, 2021 SHOPPING Back-to-School Shopping Will Be More Expensive This Year Shoppers should expect

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

Microsoft has requested permission to smash it | Please eject Apple before fist-pumping vigorously | Finimize Hi Reader, here's what you need to know for July 28th in 3:10 minutes. 🧐 The 1% have

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

7 Things That Are Getting More Expensive July 27, 2021 Every young generation rejects the practices of those that came before. It's a tale as old as time — or at least as old as baby boomers not

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

Tuesday, July 27, 2021

BankUnderground posted: " Dario Bonciani, David Gauthier and Derrick Kanngiesser Following the global financial crisis in 2008, central banks around the world introduced tighter banking

Why cigarette companies want you to quit smoking

Tuesday, July 27, 2021

Finshots Why cigarette companies want you to quit smoking In today's Finshots we talk about why Philip Morris wants to stop selling cigarettes Business The Story Jacek Olczak, the CEO of Philip

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