The city with too much money

23 days ago

Text only:

Most U.S. equities fell, continuing what's been a miserable few weeks for investors. But it's only Monday. Earnings from the likes of Amazon, Alphabet, Microsoft and Intel, as well as U.S. growth data, may provide a welcome pick-me-up in the coming days. —Josh Petri

Here are today's top stories

Turkey President Recep Tayyip Erdogan is trying to turn the killing of Jamal Khashoggi into a means for regaining influence in the Middle East.

Pax Labs, a startup that makes internet-connected marijuana vaporizers, is said to be valued at $5 billion. 

"The Vancouver model," a mingling of clean and dirty cash from China, made the Canadian city boom. So why is it trying to stem the flow? Bloomberg Businessweek reports on the city that had too much money

The lithium-ion battery business is booming as electric vehicles surge in popularity. Even companies older than the Model T are benefiting.

Warby Parker, Bonobos and Casper thought they didn't need physical stores to win over millennials; a well-designed website was more than enough. But then a funny thing happened: Digital natives embraced "offline" experiences, or what you and I would call "going shopping."

Michael Avenatti, the lawyer who represents adult movie star Stormy Daniels in her fight against President Donald Trump, was ordered to pay $4.85 million to a lawyer who worked with him at his former firm.

What's Joe Weisenthal thinking? The Bloomberg news director is guessing where shares of private companies like Uber and WeWork would be trading right now if they were public. Tech stocks have been taking it on the chin, raising the stakes for Amazon, Alphabet and Microsoft, which are all due to report earnings this week.

What you'll need to know tomorrow

Netflix is selling $2 billion of junk bonds to fund new shows.From brownstones to warehouses, solar is growing in NYC.Kombucha is king at the convenience store of the future.Now apps can track you even after you uninstall them.Wall Street's lacrosse fraternity is backing an upstart pro league.Elon Musk said his hyperloop test tunnel will open in December.The world's fourth-biggest oil producer can't keep the lights on.

Sponsored Content by Milliman

The biggest risk to your business is the one you don’t see coming. Learn how Milliman is using machine learning to help businesses quantify cyber risk and prepare for emerging threats.


What you'll want to read tonight

The World's Hottest Economy Has Toxic Air

China has long had a reputation for smoggy skies. But these days, neighboring India is fighting the far bigger battle with pollution: The South Asian country is home to the world’s 10 most polluted cities.

Have you started strategizing for 2019? We have. Don’t miss the annual Bloomberg Businessweek special report, The Year Ahead, on the major trends, disruptions, breakthrough products, innovations and movements to watch in the coming year. Get Bloomberg All Access in time to receive this issue in print and much more.

Diversity is a business issue. Sign up now for our weekly Business of Equality newsletter to get the latest on how companies and institutions are confronting issues of gender, race and class.

Download the Bloomberg app: It's available for iOS and Android.


You received this message because you are subscribed to Bloomberg's Evening Briefing newsletter. | Contact Us
Bloomberg L.P. 731 Lexington, New York, NY, 10022

If you believe this has been sent to you in error, please safely unsubscribe.

Deel deze nieuwsbrief op

© 2018