Bloomberg Quicktake [WWW.PODTUBE.ME]
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Tourism is back in the US — but hotel workers are not.Hotels and resorts learned to operate with leaner staffing models during the pandemic. Three years later, Covid-era band-aids like self-service kiosks and less frequent housekeeping have now become the new normal for many firms seeking to cope with rising labor costs and perpetual vacancies.Whil…
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US Senator Robert Menendez from New Jersey was indicted in a sweeping corruption probe alleging that the Democrat and his wife protected three businessmen who showered them with gifts of gold bars, hundreds of thousands in cash, mortgage payments and a Mercedes convertible.The indictment in New York federal court said that Menendez, who is chairman…
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Water levels along a nearly 400-mile stretch of the Mississippi from the Ohio River to Jackson, Miss., are at historically low levels, impacting costs for US grain producers. About 60% of US grain exports are taken by barge to New Orleans, where the product is ultimately shipped out of the Gulf. How will the situation impact US grain markets? Prese…
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General Motors Co. and Stellantis NV face walkouts at 38 more facilities as talks with their workers’ union failed to make headway, even as Ford Motor Co. was spared the escalation after making progress in the negotiations.The United Auto Workers will target GM and Stellantis parts plants, UAW President Shawn Fain said in a Facebook livestream brie…
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US President Joe Biden is vowing to keep helping Ukraine with its war against Russia.Biden made comments while meeting with Ukrainian President Volodymyr Zelenskyy in the Oval Office of the White House.Zelenskyy's visit to the White House, his second since Russia invaded Ukraine in February 2022, comes as some congressional U.S. Republicans have in…
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The Bank of England hit pause on its monetary tightening campaign, ending a series of 14 successive hikes since December 2021. The move followed some positive economic data, but is the UK economy out of the woods yet? Presented by @cmegroup:https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&ut…
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House Speaker Kevin McCarthy’s latest plan to avert a government shutdown was ambushed Thursday by a pair of ultraconservatives, ratcheting up the risk of an Oct. 1 federal funding lapse with Republicans still fighting among themselves.Hours later, McCarthy sent lawmakers home until Tuesday, a decision that leaves little time to negotiate with Sena…
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"For #Britain to be absent from #Europe is a real problem for us" Former Prime Minister #TonyBlair says the #UK is in a weaker position geopolitically because of #Brexit, but it can still carve out "blocks of cooperation" with the #EU -- #politics #worldnews--------Subscribe to our YouTube channel: https://bit.ly/2TwO8GmSubscribe to Bloomberg Origi…
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The world is starting to change how it produces and uses energy, replacing the dirty fuel powering the global economy with cleaner substitutes. Central to that effort are critical metals necessary for everything from smartphones and cars to batteries. Recycling startup Nth Cycle is one of the companies trying to get ahead of the curve by extracting…
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This Miami-based startup aims to raise awareness about threatened marine and freshwater environments through the apparel it sells to watersports enthusiasts and professionals, which features loud, funky patterns inspired by ocean creatures and ecosystems.--------Subscribe to our YouTube channel: https://bit.ly/2TwO8GmSubscribe to Bloomberg Original…
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Leaders of a world fractured by war, climate change and persisting inequality gathered under one roof Tuesday to hear the U.N. chief summon them to take united action on humanity’s huge challenges – and to start delivering their own assessments on the most global of stages."Our world is becoming unhinged. Geopolitical tensions are rising. Global ch…
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A charter bus carrying schoolchildren crashed on a New York highway and went down an embankment Thursday, killing one person and hurting multiple other people, police said.The wreck happened on Interstate 84 in the town of Wawayanda, about 45 miles northwest of New York City, state police said.The bus was carrying students from Long Island to a ban…
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President Joe Biden vowed continued support for Ukraine as he met with President Volodymyr Zelenskiy at the White House amid concern that the country’s slow counteroffensive and opposition among conservative Republicans could threaten additional military assistance.“The people of Ukraine have shown enormous bravery, enormous bravery, that has inspi…
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Ukrainian President Volodymyr Zelenskyy is at the White House for a meeting with US President Joe Biden. Zelenskyy has had a busy day in Washington, first with a stop at the Capitol to garner support for more aid for his country's war with Russia, followed by a visit to the Pentagon.It is Zelenskyy's second visit to Washington since Russia invaded …
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US Federal Reserve Chair Jerome Powell has acknowledged the recent strength of the US economy caught central bank policymakers by surprise. Following the bank’s September rate-decision meeting, at which it opted to keep rates steady, Chair Powell noted that “If the economy comes in stronger than expected … we’ll have to do more in terms of monetary…
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