Your Evening Briefing
(Bloomberg) --
President Donald Trump jolted markets by announcing (on Twitter of course) that China agreed to "reduce and remove" tariffs on U.S.-made vehicles, raising more questions about the outcome of his meeting with counterpart Xi Jinping during the G20 in Argentina this weekend. No word from China on whether it agrees with Trump's assessment.
Here are today's top stories
Convicted marijuana trafficker Jonathan Braun has spent a very long time waiting to be sentenced, but he hasn't been idle: He's become a small-business loan kingpin.Â
No more dinners. Don't sit next to each other on flights. Book hotel rooms on different floors. Avoid one-on-one meetings. Across Wall Street, men are adopting such strategies for the #MeToo era and, in the process, making life even harder for women.
Qatar said it will leave OPEC, a rare example of Middle East politics rupturing a group that's held tight through decades of war and sanctions.
Apple won't offer an iPhone that can connect to 5G (which arrives next year) until 2020. The delay may make it easier for rivals to win customers.
Jamie Dimon is being followed by a growing group ofcritics. Literally. By blocking traffic, scaling flagpoles and blasting audio of crying children outside his apartment, they want the JPMorgan CEO to fight climate change, human-rights abuses and private prisons, Bloomberg Businessweek reports.
For decades, a German utility has been killing an ancient forest to unearth more coal. With little left to preserve, environmentalists are fighting back.
What's Joe Weisenthal thinking about? The Bloomberg news director is watching stocks in the wake of a conciliatory outcome at the G-20.
What you'll need to know tomorrow
- The quest for a weight-loss drug that actually works.
- Robot janitors are coming to mop floors at a Walmart near you.
- IKEA is opening its first U.S. store that will be in the middle of a city.
- The UN is holding a climate summit in the heart of coal country.
- Greek (think kegs, not Plato) groups sued Harvard alleging bias.Â
- Canadian marijuana companies can't hire workers fast enough.
- Unsure what to buy the billionaire in your life? We've got you.
What you'll want to read tonight
While most of the nationwide protests were peaceful, extremists on the left and the right joined in over the weekend, leading to violence. The grassroots movement, named for the vests motorists must keep in their cars, has the support of three-quarters of the French public. The movement's demands have expanded from rolling back gas taxes to higher pensions, an increase in the minimum wage, the restoration of a wealth tax and cutting politicians' salaries.
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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?
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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.
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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.
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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?
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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.
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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.
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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.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.