Bloomberg - Evening Briefing - Warning on oil

The energy crisis keeps getting worse. Shortages of natural gas in Europe and Asia are boosting demand for oil, deepening what was already a sizable supply deficit in crude markets, according to the International Energy Agency. “An acute shortage of natural gas, LNG and coal supplies stemming from the gathering global economic recovery has sparked a precipitous run-up in prices for energy supplies and is triggering a massive switch to oil products,” the IEA warned. David E. Rovella

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

Here are today’s top stories

LinkedIn is shuttering its professional networking platform in China. The Microsoft-owned company becomes the last major U.S. social media provider to pull out of the country.

Wall Street’s pandemic bump is here to stay. The dealmaking and trading windfall unleashed by the coronavirus just keeps rolling along, and U.S. banking bosses at Citigroup, JPMorgan and elsewhere see signs that it’s far from over. Glowing company earnings and soaring stocks abound. Here’s your markets wrap.

First-time U.S. unemployment claims dropped to their lowest level since March 2020. Still, September was the slowest month of job growth this year. The dearth of childcare has proved to be a major hurdle as the number of women on payrolls fell last month for the first time since December 2020. That, along with lingering supply-chain issues, has led several economists to cut their forecasts for third-quarter growth.

The Bitcoin bulls are running. Optimism is sky-high in the $6.7 trillion exchange-traded fund industry that, after almost a decade, the first U.S. Bitcoin fund could begin trading next week

South Dakota has exactly zero members in the Bloomberg Billionaires Index of the world’s richest 500 people. Yet, it shelters some half a trillion dollars of wealth in trusts. 

There’s $500 billion stashed in South Dakota. Photographer: Dawnee Lebeau/Bloomberg

Booster shots of Moderna’s Covid-19 vaccine should be given to older people and those at high risk of the disease, advisers to U.S. regulators said. Additional doses should be offered to people 65 and older, along with adults 18 and older who are at high risk, the Food and Drug Administration’s vaccine advisory panel said. Romania, the European Union country with the second-lowest vaccination rate, has run out of intensive-care beds. Six out of seven Covid-19 infections go undetected in Africa, showing that the impact of the disease on the world’s least vaccinated continent is likely underestimated, according to the World Health Organization. Here’s the latest on the pandemic

Flutterwave is seeking fresh funding at a valuation of $3 billion or more, a figure that would roughly triple the Nigerian payments firm’s last valuation.

Flutterwave Chief Executive Officer Olugbenga Agboola Source: Flutterwave

What you’ll need to know tomorrow

Shredded Banksy Painting Sells for Record Price

A partially destroyed Banksy painting sold at auction on Thursday at Sotheby’s in London for more than 18 times what it went for just three years ago. It’s the most expensive work by the artist to sell at auction ever. The piece, then called Girl with Balloon, made headlines in 2018 when it self-destructed immediately after selling at Sotheby’s.   

“Girl with Balloon” Photographer: Jack Taylor/Getty Images Europe

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Thursday, October 14, 2021

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Monday, October 11, 2021

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Saturday, October 9, 2021

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Friday, October 8, 2021

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Saturday, October 23, 2021

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Friday, October 22, 2021

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Friday, October 22, 2021

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Friday, October 22, 2021

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Friday, October 22, 2021

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Friday, October 22, 2021

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Blackstone scouts hot tech deals — Deutsche's new office — Las Vegas dealmakers

Friday, October 22, 2021

View in browser Insider Finance Insider Finance Subscribe Hi, and welcome to Insider Finance. This is finance editor Dan DeFrancesco. In case you missed it, the Insider Finance newsletter is going on