Bloomberg - Evening Briefing - China crushes crypto

The world’s second largest economy dealt another big blow to crypto Friday. China banned all cryptocurrency transactions and mining. It’s a significant turning point in a multiyear pivot for China, which was once an early backer of digital currency. It also spurred a wipeout of as much as $159 billion in the market value of coins, from Bitcoin and Solana to XRP. But you know what they say: when one door closes, another opens. Here’s your market’s wrap.Margaret Sutherlin

Bloomberg is tracking the coronavirus pandemic and the progress of global vaccination efforts.

Here are today’s top stories

It was up to U.S. Centers for Disease Control and Prevention Director Rochelle Walensky to sort out a crucial question: which Americans should get Covid-19 booster shots. A panel of outside advisers sided with the Food and Drug Administration: limit boosters to those over 65. The CDC director overruled them. Here’s how the decision played out.

Rochelle Walensky  Photographer: Stefani Reynolds/The New York Times

President Joe Biden is backing a new proposal to tax billionaires for the appreciation in their investments on an annual basis, a change that would prohibit some of the richest Americans from deferring their tax bills.  

Huawei Chief Financial Officer Meng Wanzhou and U.S. prosecutors reached a deal to resolve criminal charges filed against her. Lawyers said they will defer prosecution and dismiss the case entirely if Meng complies with terms of the agreement. Meng admitted she misled HSBC Holdings about the telecom company’s business with Iran, in violation of U.S. sanctions. Her 2018 arrest sparked a diplomatic crisis between China, Canada and the U.S.

Meng Wanzhou  Photographer: Jimmy Jeong/Bloomberg

House Speaker Nancy Pelosi is setting up a series of high-stakes votes, betting that differences among some Democrats won’t block Biden’s economic plan as it moves through Congress. 

A former Tesla factory worker who alleges racism was rampant on the assembly line already has achieved a rare feat: forcing the electric-car maker to fight him in open court

The hot U.S. housing market and runaway prices are fueling angst on TikTok over the role of big corporations in the market.

When Donald Trump was in the White House, Jair Bolsonaro sought to learn political tactics from the Republican. Now, Trump adjutants are working with the far-right Brazilian leader, who has already taken one lesson to heart: he’s claiming without any evidence that Brazil’s voting system is rigged.

Donald Trump and Jair Bolsonaro in March 2020 Photographer: Eva Marie Uzcategui/Bloomberg

What you’ll need to know tomorrow

Americans Keep Buying Houses in Wildfire Zones

Dried-out forests, hotter temperatures and more ferocious wind patterns are combining to break wildfire records year after year. And yet—Americans are moving in droves to areas where they’ll be more at risk of dying in devastating forest fires. Find out why.

Trees near South Lake Tahoe burn during the Caldor Fire in Califonria. Photographer: Eric Thayer/Bloomberg

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

Bloomberg New Economy Conversations—Getting to Net Zero: The cost of scaling up renewable energy has fallen dramatically. Is 2021 the year in which we’ll see major investments in areas like green hydrogen, carbon capture and other technologies needed to prevent environmental catastrophe? What are the most promising new areas and who is at the forefront? Join New Economy Editorial Director Andrew Browne on Sept. 28 at 10 a.m. as he discusses these issues with HSBC Group Chief Executive Noel Quinn, Hyundai Motor Co. Vice President of New Energy Business Development Jae-Hyuk Oh, and others. Register here.

Key phrases

Older messages

China lays down the law

Thursday, September 23, 2021

Bloomberg China's financial regulators laid down the law for Evergrande Group. They told the struggling developer to do whatever it takes to avoid a near-term default on dollar bonds. Beijing also

Powell makes the big call

Wednesday, September 22, 2021

Bloomberg In a highly anticipated announcement, Federal Reserve Chair Jerome Powell said he would begin removing the training wheels from the US economy as soon as November. The pandemic lockdown and

Mysterious Goldman bankers

Tuesday, September 21, 2021

Bloomberg It's time for global cooperation on the climate crisis, Covid-19 and other urgent issues, Joe Biden proclaimed in his United Nations debut as US president. His speech at Tuesday's

Robinhood’s big move

Monday, September 20, 2021

Bloomberg Robinhood Markets is testing a new crypto wallet and cryptocurrency transfer feature for its app, a long-awaited move that will make it easier for customers to send and receive digital

Crypto rules are coming

Saturday, September 18, 2021

Bloomberg Follow Us Get the newsletter Crypto fans need to prepare for stricter rules from US regulators, because they're coming soon. In China, Beijing's campaign against the funny money is

You've got mail

Tuesday, September 28, 2021

Newsletters have done for email what social distancing did for QR codes. Your inbox made a comback from 1990's romcom... Product Hunt Read in browser This newsletter is brought to you by 6

⚡️ The Rivian R1T pickup truck finally gets reviewed

Tuesday, September 28, 2021

Plus: Science shows how to optimize longevity. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Data Elixir - Issue 354

Tuesday, September 21, 2021

Salary report. Percentile approximation. Horizon Plots for ggplot2. Timezone madness. Modern BI. Participatory data stewardship. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

CryptoPage Newsletter - Issue 100

Monday, September 20, 2021

Crypto Daily News - September 20, 2021 View on the Web Archives ISSUE 100 September 20th 2021 Crypto News JPMorgan Strategist Estimates Ether's Fair Value at $1500 Amid Competition From '

Lit Hub Weekly: Emily Dickinson's Hair, a Queer Reading of Thoreau, and the Gift of Quarantine

Saturday, September 18, 2021

Lit Hub Weekly: Emily Dickinson's Hair, a Queer Reading of Thoreau, and the Gift of Quarantine Click here to read this email in your browser. The Family Roe by Joshua Prager Lit Hub Weekly

Crypto rules are coming

Saturday, September 18, 2021

Bloomberg Follow Us Get the newsletter Crypto fans need to prepare for stricter rules from US regulators, because they're coming soon. In China, Beijing's campaign against the funny money is

Crypto scrutiny grows

Friday, September 17, 2021

Bloomberg A proposed Covid-19 vaccine booster shot from Pfizer-BioNTech should be given to people who are most vulnerable to serious disease, including those over the age of 65, a panel of expert

Lessons from California's recall

Wednesday, September 15, 2021

Plus, the European Union plans for the next pandemic. Vox is aiming to add 2500 financial contributions from readers in the next 30 days, to help keep our journalism on the evolving pandemic free as we

This Popular Mask Brand Now Sells KF94s for Kids

Monday, September 13, 2021

Real Simple Shopping Crisp Fries, Dumplings, and More to Perfectiosn With This Magical New Air Fryer Shop Now » Fall's Biggest Comfy Boot Trend Is on Sale at Nordstrom Rack Shop Now » Amazon's

Android Weekly #483 🤖

Sunday, September 12, 2021

View in browser Android Weekly #483 September 12, 2021 Articles & Tutorials link image Hands on Jetpack AppSearch ( Thomas Künneth takes a look at Jetpack AppSearch, which allows you to