Your Evening Briefing
(Bloomberg) -- Want to receive this post in your inbox every afternoon? Sign up here.
It was another chaotic day as U.S. stocks tumbled, led by a rout in technology shares. Tesla was weighed down by Model 3 worries. Amazon was berated by President Trump again. And economists are warning the world is on the verge of an all-out trade war. Perhaps we should have invested in blue jeans? —Josh Petri
Crown Prince Mohammed bin Salman is in the middle of a three-week U.S. visit to drum up investment. There has been, to put it mildly, a bit of chaos. The Saudi leader and Softbank's CEO wordlessly signed papers while declaring a "huge step in history" had been taken—without giving any other details. (It turns out it was a plan to build a $200 billion solar facility.)
Tesla raced to manufacture as many Model 3 sedans as it could before reporting those numbers to rattled investors. Our tracker shows the company falling just short of its goal. Musk doesn't seem particularly worried. He sent an April Fools' Day tweet about Tesla going bankrupt.Â
Trump and Vladimir Putin discussed holding a summit at the White House, the administration confirmed, after the Kremlin revealed the U.S. president had invited the Russian leader to Washington.
Blue jeans are mounting a comeback as fashion brands bet the wardrobe staple can be a major sales driver in the age of yoga pants. Manufacturers are using "technical" fibers that add stretch and moisture-wicking properties to the old sartorial standby.
U-Haul workers sent a flood of letters to the National Labor Relations Board seeking to reverse an Obama-era rule that could make it easier for unions to win workplace elections. Most used very similar language, in part because the company wrote it for them.
Apple is planning to use its own chips in Mac computers beginning as early as 2020, replacing processors from Intel, according to people familiar with the plans. The initiative, code named Kalamata, is still in the early stages.
The two most advanced American fighter jets aren't on speaking terms. The F-22 Raptor and the F-35 Lightning II both function as airborne shepherds of America's flock of older combat aircraft. Unfortunately, they have a difficult time communicating with each other.
Â
©2018 Bloomberg L.P.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.