Your Evening Briefing
Your Evening Briefing
(Bloomberg) --
For all the debate over whether the U.S. is headed for a recession, there’s plenty of evidence that corners of the economy may already have tumbled into one, and that's bad news for President Donald Trump.
Here are today’s top stories
Juul Labs was warned by U.S. health officials on Monday that it may have violated the law by making claims its e-cigarette devices are safe.
A group of 50 attorneys general opened a broad investigation into whether Google's advertising practices violate antitrust laws.
Apple will launch new devices—including iPhones—on Tuesday. Meanwhile, the company and its manufacturing partner Foxconn allegedly violated Chinese labor law in the world's largest iPhone factory.
China has added almost 100 tons of gold to its reserves since it resumed buying in December. The precious metal is near a six-year high.
Trump's tweets are becoming "increasingly relevant" to global markets. We've been tracking them for some time. JPMorgan's "Volfefe Index," named after the mysterious "covfefe" tweet, suggests that the Trump’s musings are having a statistically significant impact on Treasury yields.
Fannie Mae and Freddie Mac soared as the mortgage giants got a double-dose of good news.
What’s Joe Weisenthal thinking? The Bloomberg news director points out that despite anxiety over the U.S. economy, a handful of well-known consumer names have been on an absolute tear lately. He suspects it may have something to do with an evolution of value investing. Essentially, non-tech companies are figuring out how to reap the rewards of tech breakthroughs.
What you’ll need to know tomorrow
- Alibaba's new chairman says he has to reinvent retail.
- Nissan ousted its CEO over an excessive pay scandal.
- MPs voted to force Boris Johnson to publish no-deal Brexit plans.
- WeWork may sell a lot of junk bonds, an executive said.
- Bloomberg Opinion: Free speech and the rise of the comfort college.
- Germany worries its automakers are losing their allure.
- Gas plants are killing coal. Renewables might kill gas by 2035.
What you’ll want to read in Businessweek
Stefan Soloviev is the 44-year-old heir to a New York real estate fortune worth $4.7 billion. Rather than working from an office overlooking Central Park, he's acquired 325,000 acres—almost 400 Central Parks—enough to make him America’s 31st-largest land owner, according to the Land Report and data compiled by Bloomberg.
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