Bloomberg - Evening Briefing - A half-point hike

Bloomberg Evening Briefing

As expected, or to be precise a little more than expected, U.S. consumer prices jumped in January, adding urgency in some quarters to the Fed’s plan to start raising interest rates. Among the factors behind the numbers was a tight labor market, with unemployment now at 4%. That’s led employers to raise wages to fill job openings and retain workers. Here’s your markets wrap

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

Here are today’s top stories

Money markets seem to indicate that the Fed’s pace in raising rates may be quicker given Friday’s inflation report. Already fully priced in is a full percentage point rise by the end of July. And a member of the Fed seems to agree with that sentiment. Next month just might see a half-point hike.

The U.S. restated its intention to impose “swift, severe costs” on Russia if the Kremlin further invades Ukraine, where it currently occupies Crimea and supports pro-Russia separatists in Donbas as part of a conflict that’s killed 14,000 people. The warning from Washington comes as Russia and ally Belarus begin their largest joint-military exercises in years, taking place near Ukraine’s border as well as those of NATO members Poland and Lithuania. Western allies have said that a buildup of almost 130,000 Russian troops near the Ukrainian border may signal a planned invasion, but Moscow has denied any such intention. Here’s the latest on the crisis

Five key African economies will face debt risks over the next two years as an era of extraordinary pandemic-induced bailouts and relief for poor nations draws to an end. Ghana, Kenya, Angola, Ethiopia and Zambia have been labeled the “fragile five” among 18 countries covered in a recent report. 

The U.S. Senate cleared a House-passed bill that guarantees victims of workplace sexual harassment or assault can sue as opposed to being forced into arbitration. Expected to be signed by President Joe Biden, the bill will transform how businesses resolve allegations of workplace wrongdoing.

Apple said it’s increasing the privacy of its AirTag tracking devices after several people reported the product was used to stalk them. Introduced last April, it has wireless sensors that can connect to surrounding Apple devices to pinpoint its location and that of an attached item, such as keys or a purse.

A key ring containing an AirTag  Photographer: James D. Morgan/Getty Images AsiaPac

Investigators probing Donald Trump’s actions during the Jan. 6, 2021 insurrection, when hours passed before reinforcements were sent to secure the U.S. Capitol, have reportedly found gaps in White House telephone logs that day. The news comes after the National Archives reportedly discovered classified information in documents Trump had taken with him after leaving the White House.

Democrats have been frustrated in their hopes to pass a comprehensive voting rights bill. But Noah Feldman writes in Bloomberg Opinion that things are looking up for what he says is the most important voting rights legislation that’s possible right now: the Electoral Count Modernization Act. 

What you’ll need to know tomorrow

Remote Workers Secretly Juggle Full-Time Jobs

With the pandemic’s turbocharged acceleration of remote-work options, many employees have sought to capitalize on the lack of personal supervision by secretly working two (or more) full-time jobs at once. But while there’s more money to be made, the strategy can bring with it significant tradeoffs, namely to one’s mental health.

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Covid rule rollback

Wednesday, February 9, 2022

Bloomberg Evening Briefing View in browser Bloomberg Confirmed Covid-19 cases just topped 400 million worldwide, though the actual number is likely much higher. Still, western nations are easing

Peloton goes into high gear

Tuesday, February 8, 2022

Bloomberg Evening Briefing View in browser Bloomberg US stocks rose in a broad-based rally as gains seemed to signal improving investor confidence despite looming Fed tightening. The S&P 500

Wall Street squirms

Monday, February 7, 2022

Bloomberg Evening Briefing View in browser Bloomberg US stocks fell late Monday amid a renewed decline by big tech firms. The tech-heavy Nasdaq 100 ended near the day's low, led downward by

Amazon rises as Facebook falls

Saturday, February 5, 2022

Bloomberg Weekend Reading View in browser Bloomberg Follow Us Get the newsletter Facebook-parent Meta dropped below Microsoft in terms of market value after the company was hammered in a record $251

America’s hiring spree

Saturday, February 5, 2022

Bloomberg Evening Briefing View in browser Bloomberg US employers extended a hiring spree last month despite a record spike in Covid-19 infections and related business closures, with surging wages

The Daily StockTips Newsletter 05.20.2022

Friday, May 20, 2022

I've Screened the Market for what I Consider the Best, Safest, & Most RELIABLE Profit Opportunities! (Published 7:30 AM ET MON-FRI) ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Forget the ‘Fed put’

Thursday, May 19, 2022

Bloomberg Evening Briefing View in browser Bloomberg China is seeking to replenish its strategic crude stockpiles with cheap Russian oil, a sign Beijing is strengthening its energy ties with Moscow

📉 Xiaomi loses out to Apple

Thursday, May 19, 2022

This calls for an airconditioner | EasyJet needs you | TOGETHER WITH Hi Reader, here's what you need to know for May 20th in 3:01 minutes. ♻️ Why choose between big bucks and good ethics? Join

💸 Money Cheat Sheet: New Role, Who’s This?

Thursday, May 19, 2022

Including a special note from Ellevest Career Coach LaToia Burkley. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

While aiming for a 'soft landing,' Fed Chair Powell warns that cooling inflation without plunging into a recession will be 'challenging'

Thursday, May 19, 2022

There are several paths to "a soft or soft-ish landing," Powell said, but Russia's invasion of Ukraine and supply-chain issues make them risky. View in browser Business Insider Business

Are you missing out on potential returns?

Thursday, May 19, 2022

Here's my advice. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily StockTips Newsletter 05.19.2022 (AMKR & SAFM REMOVED)

Thursday, May 19, 2022

I've Screened the Market for what I Consider the Best, Safest, & Most RELIABLE Profit Opportunities! (Published 7:30 AM ET MON-FRI) ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Fintech News Issue #364

Thursday, May 19, 2022

Recent events in the crypto space. Even stablecoins were affected by the recent downturn in the market See Online Issue #364 - Did Terra Luna Disrupt The Queen's Plans? 2022-05-19 This number of

Retail calamity

Wednesday, May 18, 2022

Bloomberg Evening Briefing View in browser Bloomberg US consumers are shifting their spending from merchandise to services, a worrying trend for retailers that spent the past two years profiting from a

😳 China comes crawling back

Wednesday, May 18, 2022

Sorry about the “crackdown” thing | UK inflation beats the rest | TOGETHER WITH Hi Reader, here's what you need to know for May 19th in 3:05 minutes. 👩‍🔧 Our vehicles are getting more eco-friendly