Bloomberg - Evening Briefing - Fed signals wind down

The Federal Reserve is ready to start tapering monthly bond purchases this year. Chair Jerome Powell, along with plenty of other regional bank presidents, said the U.S. economy had made enough “substantial progress” to warrant the shift in policy, though the central bank would be assessing data from the raging delta variant of the coronavirus, too. Powell also stressed the Fed won’t be in a hurry to begin raising interest rates after the wind-down. Here’s your markets wrap.Margaret Sutherlin

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

Here are today’s top stories 

There’s a new race on Wall Street: one for tickers and fund names. Strong names have been shown to boost trading in U.S. stocks, and the rise of the retail trader is making them key to the success of new exchange-traded funds.

U.S. President Joe Biden is considering accelerating Covid-19 booster shots to five months after a second dose. In Florida, one of the hotspots for new cases in the U.S., Governor Ron DeSantis’s mask mandate ban was blocked by the state’s top court. The ruling clears the way for schools to require masks without threat of retaliation by the state. U.K. health officials are warning of another infection surge as kids return to the classroom. Here’s the latest on the pandemic

Students inside a classroom at a private school in North Miami Beach, Florida. Some schools around Florida had defied the state government’s mask ban. Photographer: Eva Marie Uzcategui/Bloomberg

Tropical Storm Ida is intensifying into a major hurricane and is headed toward New Orleans. This just as Louisiana and surrounding states see their health systems buckle under rising Covid-19 infections and hospitalizations.

Despite repeated warnings of more potential attacks, large crowds of Afghans milled around Kabul’s international airport hoping to be evacuated before the U.S. exits next week. Though Biden pledged to get American allies out, the window for civilian evacuations has all but closed

Hospital staff helps bring in a wounded patient to a hospital in Kabul, Afghanistan. A suicide bomber killed more than 100 people Thursday, including U.S. soldiers.  Photographer: Marcus Yam/Los Angeles Times

Electric truck maker Rivian has filed for an initial public offering and is seeking a roughly $80 billion valuation. The automaker is backed by Amazon and widely seen as a Tesla challenger. 

The number of FedEx Ground packages jumped 23% last year. While Americans sat around buying up everything on their phones, the shopping habit also fueled a boom in the value of FedEx delivery routes, which independent contractors have been snapping up—and making bank

A FedEx truck drives through the Bucktown neighborhood of Chicago. Photographer: Christopher Dilts/Bloomberg

Facebook, Twitter and Google are among 15 companies being asked by a U.S. House special committee to turn over records of postings, videos and other material promoting efforts to nullify the 2020 U.S. election, or events leading up to the deadly insurrection at the U.S. Capitol on Jan. 6. 

What you’ll need to know tomorrow 

Where are the World’s Elites? Follow the Yachts

The world’s rich are sailing the world this time of year—enjoying a holiday at sea and escaping the crowds. This is where they’re going.

A boat at the Super Yacht Miami Show in Miami, Florida, in 2020. Photographer: Eva Marie Uzcategui/Bloomberg

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Bloomberg New Economy Conversations—China’s Tech Crackdown: Join New Economy Forum Editorial Director Andrew Browne on Sept. 8 at 10 a.m. as he analyzes the sweeping regulatory crackdown underway in China. The private sector helped power China’s economic rise, but President Xi Jinping seems determined to rein in what he sees as its excesses. Is this transitory or a game-changing shift? Joining Andy are Keyu Jin, Associate Professor of Economics at the London School of Economics & Political Science, and Kevin Rudd, President and Chief Executive Officer of the Asia Society. Register here.

Older messages

Biden vows revenge

Thursday, August 26, 2021

Bloomberg Following warnings from intelligence officials about an imminent threat, explosions rocked Kabul's international airport, killing more than 70 people including 12 US military personnel.

Get a shot or get lost

Wednesday, August 25, 2021

Bloomberg Using formal federal approval as cover, a growing number of US employers are imposing coronavirus vaccine mandates on workers, increasingly limiting the places people who have shunned shots

The clock is ticking

Tuesday, August 24, 2021

Bloomberg US President Joe Biden rejected pleas from allies in the Group of Seven Tuesday, saying he was sticking with his Aug. 31 deadline to fully exit Afghanistan. It's grim news for the untold

Here come the mandates

Monday, August 23, 2021

Bloomberg The pioneering coronavirus vaccine made by pharmaceutical companies BioNTech and Pfizer was granted full approval by US regulators. The government imprimatur is expected to trigger a flood of

No end in sight

Saturday, August 21, 2021

Bloomberg Follow Us Get the newsletter The delta variant of the coronavirus continues to infect and kill across the globe with no end in sight. There are close to 700000 confirmed new infections and

Longreads + Open Thread

Saturday, October 16, 2021

Instant Delivery, Slack, Social Science, Nuclear, Returns, FedEx ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Elizabeth Holmes trial Week 6 recap: Trouble with Safeway and Walgreens deals, and how a dermatologist became the startup's lab director

Saturday, October 16, 2021

Former Safeway and Walgreens executives testified about their companies' failed deals with Theranos. One said he had "never been more frustrated." View in browser Business Insider

Global traffic jam

Saturday, October 16, 2021

View in browser Bloomberg Follow Us Get the newsletter Port logjams are getting worse, with broken supply chains sparking global shortages of everything from bicycles to vaccine vials. The Port of Los

Weekly Wrapup - The devil is in the details

Saturday, October 16, 2021

Finshots Weekly Wrapup - The devil is in the details In this week's wrapup, we talk about the credit rating agencies, Air India, and this year's Nobel prize winners. But if you want to check

China breaks the silence

Friday, October 15, 2021

View in browser Bloomberg It was another big day for the booster debate. A key advisory panel recommended US regulators approve an extra shot of the Johnson & Johnson Covid-19 vaccine. It brings

FTT Update: Tell Me You Believe In Web 3 Without Telling Me You Believe In Web 3

Friday, October 15, 2021

​ ​ ​ Hi all, Julie here. Wow, so much to put in the intro today. First, while we cover crypto news here, it's not enough. That's why we're launching a sister publication, Crypto Tonight!

💸 Money Cheat Sheet: How’s Your Self-Care?

Friday, October 15, 2021

Financial self-care, that is. Here are 31 ideas. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Trillions: The Rise of Passive

Friday, October 15, 2021

How The Asset Management Industry Got Disrupted ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

It's not a buyer's or a seller's market in housing: It's a builder's market

Friday, October 15, 2021

America needs homes, but builders aren't rushing. "People want an oversupplied market, and we just don't do that in America," an expert told Insider. View in browser Business Insider

FedEx: Two Bets on Network Effects

Friday, October 15, 2021

Plus! Aging Into Owning the Metaverse; Fake Reviews; Ads and Addicts; Coal; Diff Jobs ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌