Romaine Bostick breaks down the day’s top stories and trading action leading into the close.
Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more.
Shale Bosses Worried About US Labor Shortages Going Into 2023
Mortgage Rates in the US Rise for the First Time in Seven Weeks
US Jobless Claims Rise Slightly But Remain Near Historic Lows
China Vows ‘Appropriate’ Fiscal Expansion to Aid Economic Growth
Italian Parliament Backs Meloni Budget of More Than €30 Billion
Mexico City Considers Regulating Airbnb as Home-Sharing Booms
How Elon Musk, Mark Zuckerberg and the World’s 500 Richest Billionaires Lost $1.4 Trillion in a Year
China Tightens Reins on EdTech in New Blow to Private Tutors
Twitter Users Report Errors, Disruption from New York to Tokyo
Chinese Gaming Bonanza Ignites Tencent, Asian Gaming Rally
UK Won’t Be Held to Ransom by Striking Unions, Minister Says
Trump Tax Returns’ Release to Start Tit-for-Tat Battle in Congress, GOP Aide Says
Retail Investors Took a Beating in 2022. Will It Continue in 2023?
How Elon Musk, Mark Zuckerberg and the World’s 500 Richest Billionaires Lost $1.4 Trillion in a Year
Pelé, Brazilian Soccer Legend and Winner of Record 3 World Cups, Dies at 82
Outdoor Travel’s Next Phase Shifts to Slow, Immersive Experiences
When Fixing the Housing Market, Don’t Forget the Neediest
The Pandemic Drinking Binge Just Keeps Going
Economically Speaking, It Was a Surprisingly Normal Year
Futuristic Vertical Farming Startups Are Struggling in the Tech Downturn
China’s $1.3 Trillion Housing Crackdown Leaves Few Winners
The Chatbots Are Coming for Google
NYC’s Housing Works Aims for $1 Million a Year in Sales at City’s First Legal Pot Shop
JPMorgan to Extend Ukrainian Refugee Program Into Next Year
US Ignored Own Scientists’ Warning in Backing Atlantic Wind Farm
Republicans Ramp Up Anti-ESG Campaign for 2023
The Cities Keeping Their Car-Free Spaces
Why Child Care Centers in New York City Are Shutting Their Doors
How Jersey City Got to Zero Traffic Deaths on Its Streets
US Probes How $372 Million Vanished in Hack After FTX Bankruptcy
Would You Buy an NFT From a Vending Machine? (Podcast)
Olivia Solon
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Health tech company Babylon Holdings Ltd. is in talks to cut about 100 jobs across its global business as part of a plan to reduce costs and become profitable, people familiar with the matter said.
Babylon said on Wednesday it intends to slash costs by $100 million during the third quarter of this year to “accelerate its path to profitability,” but hadn’t specified how it would impact jobs. The company averaged 2,572 employees in 2021, according to a regulatory filing.
