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Home>Bloomberg

Bloomberg

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Recent Articles from Bloomberg

Business December 29, 2020

Jobless benefits won’t lapse after Trump’s delay, Labor Dept. says

Unemployed people claiming federal benefits won’t see a one-week gap in their payments despite the delay in President Donald Trump signing the program extension into law, according to the Department of Labor. States are implementing the provisions as quickly as possible, and the Labor Department doesn’t anticipate that claimants will miss a week of benefits […]

Business December 29, 2020

Fed extends Main Street program to process last submitted loans

The Federal Reserve has delayed the termination of the Main Street Lending Program to Jan. 8, from Dec. 31, in order to finish processing loans submitted by a Dec. 14 deadline to tap its funds. The extension was approved by the secretary of the Treasury, the Fed said in a statement Tuesday. The Treasury Department […]

Business December 24, 2020

Mnuchin urged by Democrats to stand down on Fannie, Freddie

Democratic lawmakers Maxine Waters and Sherrod Brown have a message for Treasury Secretary Steven Mnuchin: Stand down on making big changes to Fannie Mae and Freddie Mac before the Trump administration ends. House Financial Services Committee Chair Waters and Brown, the top Democrat on the Senate Banking Committee, said it would be a mistake to […]

Business December 17, 2020

Fast-tracked bankruptcies leave some creditors in the dark

Lenders to deeply distressed companies are calling the shots in big corporate bankruptcies so far in advance that some cases are practically over before they get started. Investment firms and hedge funds are increasingly engineering bankruptcy loans and side deals to take control of Chapter 11 reorganizations from the outset. They’re putting up desperately needed […]

Business December 10, 2020

Short sellers got crushed in 2020 as Tesla, Moderna soared

Short sellers won some high-profile victories this year with the collapse of payments firm Wirecard and hospital operator NMC Health. Otherwise, 2020 is shaping up to be the worst year on record for some investors seeking to profit from share price declines. A monthly index of short-selling hedge funds is down 32% this year through […]

Columns December 3, 2020

Virus shouldn’t be Biden’s sole economic focus

Three formidable challenges await President-elect Joe Biden’s new chief economic adviser. The first involves the short term, steering the U.S. economy from Inauguration Day to the point that the COVID-19 vaccine is in wide distribution. Then comes adjusting to the post-coronavirus new normal. But her attention must also be focused on longer-term economic problems that […]

Business December 3, 2020

Jobs report preview: US hiring holds up while threats multiply

U.S. employment gains probably slowed only modestly in November despite a record surge of coronavirus cases that still threatens to limit or even reverse hiring in coming months. Friday’s jobs report will show nonfarm employers added 475,000 people to payrolls and the unemployment rate fell 0.1 percentage point to 6.8%, according to economists surveyed by […]

Business November 30, 2020

Cyber Monday expected to hit pandemic-fueled $12.7B record

Online shoppers in the U.S. were expected to drop a record-busting $12.7 billion on Cyber Monday — the busiest e-commerce day of the year — presenting a valuable opportunity for retailers whose websites, customer service departments and delivery operations can withstand the period of crushing traffic. Amazon.com Inc., Walmart Inc., Target Corp., Best Buy Co. […]

Business November 25, 2020

Yellen may restore Treasury-Fed cooperation, with eye on GOP

As Treasury secretary, Janet Yellen is almost certain to pursue tighter coordination with the Federal Reserve next year — repairing recent frictions — though observers say she will be careful to avoid any specific move that could trigger a wave of Republican protests. President-elect Joe Biden’s pick for Treasury was at the Fed for the […]

Law November 23, 2020

States suing Purdue Pharma press for confidential Sackler documents

States suing Purdue Pharma over the marketing of its OxyContin painkiller are demanding access to confidential documents as part of a probe into whether some members of the billionaire Sackler family engaged in misconduct when they managed the opioid maker. More than 20 states said federal prosecutors’ claims tied to a $225 million accord unveiled […]

Business November 5, 2020

Sinclair writes down its sports networks by $4.23B

Hunt Valley-based Sinclair Broadcast Group Inc. wrote down the value of its regional sports networks by $4.23 billion, an admission that it grossly overpaid for cable channels hobbled by cord cutting and shrinking subscriber revenue. Sinclair paid $9.6 billion in August 2019 for 21 regional sports channels that were once part of the Fox empire. […]

Business November 4, 2020

US companies add fewer jobs than forecast, ADP report shows

U.S. companies added fewer jobs in October than forecast, a private report showed, indicating the absence of additional fiscal stimulus is prompting some firms to adjust payrolls as the pandemic continues to wear on the recovery. Businesses’ payrolls increased by 365,000 last month after a revised 753,000 rise in September, according to ADP Research Institute […]

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Editors Picks

Among Republicans, 30% approved of Gov. Wes Moore’s performance, up from 19% in June, according to a poll from Annapolis-based Gonzales Research & Media Services.

Poll shows growing GOP support for Wes Moore in recent months

3/10/2023

Parishes, schools to be shielded from lawsuits in Archdiocese of Baltimore bankr[...]

3/10/2023

Gamblers line up to place bets on the NCAA men's college basketball tournament at the Borgata casino in Atlantic City New Jersey, on March 21, 2019. When the NFL season kicks off, Kentucky residents will be able to legally bet on games for the first time. When they do, they also will be funding the state's first-ever program for people with gambling problems. (AP Photo/Wayne Parry, File)

Maryland adds 13th retail sportsbook as interest expected to rise

2/10/2023

A customer checks out a handgun that is for sale and on display at SP firearms on June 23, 2022, in Hempstead, New York. (AP Photo/Brittainy Newman, File)

Portion of Maryland’s Gun Safety Act blocked by federal judge

2/10/2023

Artwork by Office Administrator Gerson Stearns is shown at DLA Piper's new office in Harbor East. (Contributed photo)

With new Harbor East office, DLA Piper is embracing workplace flexibility

2/10/2023

Commentary

Scott Pitoniak On Sports

Pitching strategy coach living the dream with playoff-bound Baltimore Orioles

Baltimore Orioles pitching strategy coach Ryan Klimek will take a moment before the American League [...]

Brooks Robinson’s gold glove in collective bargaining

Well-deserved accolades for Brooks Robinson are rolling in after his death. There was a time when hi[...]

Kudos to Dean Ronald Weich

Dean Ronald Weich has announced his intention to leave the University of Baltimore School of Law at [...]

Passenger rail transit on the move

I recently had the opportunity to step behind the scaffolding and mesh screens surrounding Baltimore[...]

Wynné Briscoe

The power of intentional networking

Decisions to connect with other individuals who you have a mutual alignment should be made with cons[...]

Why Hunter Biden wins his gun case

There is a special brand of irony that Hunter Biden, son of anti-gun President Joe Biden, will use l[...]

Addressing health care’s cybersecurity weaknesses

The May 2023 cyberattack on Johns Hopkins Medical’s MOVEit application again demonstrates the syst[...]

Tina Patterson opened Jade Solutions LLC, which focuses on consulting services in three areas: proposal and grant management, facilitation support and product marketing to a wide range of clients. (The Daily Record photo/Maximilian Franz)

Proposal outlining: Help the evaluator say ‘Yes’

By following your clients’ instructions while creating the proposal outline, you demonstrate that [...]

More News

The interior of the execution chamber in the U.S. Penitentiary in Terre Haute, Indiana, is seen on March 22, 1995. Fresh details are emerging three years since 13 historic federal executions were carried out in the final six months of Donald Trump's presidency. (AP Photo/Chuck Robinson, File)

13 federal executions at end of Trump presidency relied on corner cutting, plian[...]

3/10/2023

Speaker of the House Kevin McCarthy, R-Calif., walks from the chamber to his office just after House Republicans failed to advance their own defense bill for second time in a week, at the Capitol in Washington on Sept. 21, 2023. (AP Photo/J. Scott Applewhite)

McCarthy ousted as House speaker in dramatic vote as Democrats join with GOP cri[...]

3/10/2023

Former President Donald Trump appears in court for a civil fraud case at a Manhattan courthouse, in New York on Oct. 3, 2023. (Dave Sanders/Pool Photo via AP)

NY judge issues limited gag order after Trump makes disparaging post about court[...]

3/10/2023

Sen. Elizabeth Warren, D-Mass., speaks during the Senate Committee on Banking, Housing and Urban Affairs hearing at Capitol Hill in Washington on April 27, 2023. The Consumer Financial Protection Bureau, the brainchild of Warren, has long been opposed by Republicans and their financial backers. (AP Photo/Jose Luis Magana, File )

Supreme Court seems likely to side with Consumer Financial Protection Bureau

3/10/2023

An exit sign is shown at a McDonald's restaurant in Pittsburgh on April 23, 2022. (AP Photo/Gene J. Puskar, File)

False advertising claims against Wendy’s, McDonald’s dismissed by fe[...]

3/10/2023

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