May 22, 2023

Applied Materials Plans to Build $4 Billion R&D Site With US Aid Billionaire Family to Boost Stake in Brazilian Flip-Flop Icon Havaianas Ford’s CEO sees car prices dropping 5%, putting pressure on Tesla Canadian deal among those Ford strikes to support step up in EV output What’s Trending Today: Warner Bros. CEO Booed, $6,400 Gelato, Comedian Silenced Costco, Best Buy to signal consumer pullback: US earnings week ahead Four Accused of Violating German Law in Turkish Spyware Deal New Weight-Loss Drug Found to Be Effective in Pill Form, Novo Nordisk Says Chevron to Buy Shale Driller PDC in $6.3 Billion Stock Deal Danish Housing Is Now Stable After ‘Quite a Fall,’ Governor Says South African Capital Hit by Cholera Outbreak With 12 Dead Ukraine Recap: Russian Missiles Pierce Air Defenses Stock Futures Decline, Currencies in Tight Ranges: Markets Wrap Tim Scott’s Trying to Beat Trump as a Nice Guy With Wall Street Backing France and Germany Show No Sign of Agreement on Role of Nuclear in Clean Energy Two Fed Officials Say More Interest-Rate Raises May Be Needed to Cool Prices Messi, Ronaldo Lead Saudi Arabia's Multibillion-Dollar Makeover European Gas Prices Drop as Goldman Sees Fuel-Switching Floor Ukraine’s Russian-Occupied Atomic Reactor in New Power Outage Oil Steadies After Loss as US Debt Talks Take Center Stage Ford’s CEO sees car prices dropping 5%, putting pressure on Tesla Canadian deal among those Ford strikes to support step up in EV output One in Three People Will Live in Dangerously Hot Areas by 2080 Chevron to Buy Shale Driller PDC in $6.3 Billion Stock Deal Ukraine Recap: Russian Missiles Pierce Air Defenses Stock Futures Decline, Currencies in Tight Ranges: Markets Wrap White House Negotiators at Capitol for Debt-Limit Talks France and Germany Show No Sign of Agreement on Role of Nuclear in Clean Energy Messi, Ronaldo Lead Saudi Arabia's Multibillion-Dollar Makeover European Gas Prices Drop as Goldman Sees Fuel-Switching Floor Storms Are on the Horizon Around the World: Weather Watch Ukraine’s Russian-Occupied Atomic Reactor in New Power Outage Seven Years Late, Nigeria’s Mega Oil Refinery Opens With a Whimper Adnoc Boosts Size of Logistics Unit IPO to $769 Million Amid Strong Demand Russia Uses Less Crude at Home But High Exports Cast Doubt on Cuts China’s SPIC in Advanced Talks to Buy I Squared’s Inkia Five Key Charts to Watch in Global Commodity Markets This Week Mubadala, Fortress Management Buy US Asset Manager From SoftBank Another interest rate hike? Economists divided on Bank of Canada's next step Statistics Canada reports retail sales down 1.4% in March, but core sales up 0.3% Death of the password coming as passkey technology on brink of consumer adoption The Daily Chase: WestJet avoids strike; Scotiabank forecasts interest rate hike ahead Major reforms to air passenger rights needed, says House committee report Bank of Canada sees financial stress rising among homebuyers ​Canada's housing market is taking the brunt of rate hikes: Expert Bank of Canada governor holds news conference on Financial System Review The Daily Chase: BoC to release Financial System Review; WestJet prepares for possible strike TSX recap: Index posts small gain on energy stock strength TSX recap: Index finishes 1.45% lower amid losses in energy, financial stocks Demand grows in Canada for short-term fixed-rate mortgages The Daily Chase: Markets point to positive open; Target signals slowdown ahead Passenger rights overhaul draws criticism from both sides — airlines and advocates Citi's Clark says inflation cements her outlier call for June rate hike in Canada Growing number of Canadians rely on credit cards to pay for essentials: Survey David Rosenberg: The odds of an interest rate hike have tilted Bank of Canada and inflation: What the latest data could mean for interest rates Inflation climbs to 4.4% in April, beating expectations Turkey’s Presidential Election Loser Could Emerge as Key Player in Runoff South African Capital Hit by Cholera Outbreak With 12 Dead Ukraine Recap: Russian Missiles Pierce Air Defenses Tim Scott’s Trying to Beat Trump as a Nice Guy With Wall Street Backing Thai Coalition Signs Pact in Move to Hasten Government Formation Parents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist Curriculum Starmer Says UK Labour Would Ban Daytime Junk Food, Vaping Ads What India’s Removal of 2,000 Rupee Notes Means for the Economy? Sunak Returns From G-7 to Cabinet Scandal, Migration Disputes Russia's Oil Flows Stay High Even as Moscow Insists Cuts Made Greek Premier Wins Most Votes But Needs New Ballot to Rule Alone Greek Stocks and Bonds Rally as Premier Secures Wide Support Credit Suisse Shows Failed Lenders Would Need Central Bank Money Investors in Asia’s Worst-Performing Market on Edge After Poll Italy Avoids Moody’s Junk Downgrade for Now in Boost for Meloni Zelenskiy’s G-7 Visit Bolsters Chances of Early Japan Election China Blasts US ‘Sincerity’ as Biden Calls for More Talks Iran Replaces Top Security Body Chief After Links to Spying Case Thailand’s Move Forward Faces New Legal Threat to Coalition Bid Ford’s CEO sees car prices dropping 5%, putting pressure on Tesla Canadian deal among those Ford strikes to support step up in EV output What’s Trending Today: Warner Bros. CEO Booed, $6,400 Gelato, Comedian Silenced Costco, Best Buy to signal consumer pullback: US earnings week ahead Four Accused of Violating German Law in Turkish Spyware Deal Stock Futures Decline, Currencies in Tight Ranges: Markets Wrap SoftBank Explores Plans to Grab a Slice of Private Credit Market Amazon Braces For Compensation Criticism at Annual Meeting Meta Fined Record €1.2 Billion in EU Over US Data Transfers Venmo Welcomes Teens as Young as 13, With Parent’s Help Apple’s Relentless Rally Puts $3 Trillion in View Micron Stock Tumbles as China Says Its Chips Are Security Risk Mubadala, Fortress Management Buy US Asset Manager From SoftBank Investors in Asia’s Worst-Performing Market on Edge After Poll Biggest Cement Maker Eyes Buying 1,000 Volvo Electric Trucks The Details Of Your Online Life Are Up For Auction: Big Take Podcast Singapore Seeks to Groom AI Talent for Banks Amid Shortage TSMC Retakes Lead From Tencent for Asia’s Largest Market Cap UK Asking Prices for Houses Climb at Fastest Pace in a Year The U.S. Fed is failing in four ways: Mohamed A. El-Erian Apple, JPMorgan turn to pay now grow later Remote Working Boom Is Huge for College Towns Like Knoxville Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted Millennials are finally spending like grown-ups Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling Musk is wrong for Twitter even if deal math works out Chocolate bunnies can teach us to save our food supply The Fed has made a U.S. recession inevitable America's oil reserve weapon risks misfiring Four-day workweeks can burn you out U.S. Fed expects a soft landing. Don't count on it Markets are pushing Fed into developing-economy territory Commodity traders go from bonanza to bailout plea Putin's war shows West must clean up dirty money Salary transparency is good for everyone Microsoft's US$69B Activision deal could be a blunder What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S. US Exposure Is Next Headache for Europe Inc. as Dollar Slides No Talk of Moon Shots at This Year’s Bitcoin Bash in Miami China Tech Stocks in Grip of Slowdown Fears Lag Global Peers A Bitcoin-Spot ETF Is Unlikely in US in the Near Future, VanEck CEO Says Debt-Ceiling Tail Hedges Are `Cheap Lottery Tickets,' Bank of America Says The Patent That Helped Vanguard Clients Pocket Big Gains Expires Stan Druckenmiller, David Tepper Lead Family Offices Betting on AI Regional Banks May Emerge as a Winner in Debt Showdown, State Street Says Dip Buyers Scorched by Cratering Bank Stocks Rush for the Exits Stock Traders Are Nonchalant About US Being on Cusp of Default New York Cements Itself as the Gold Mining Capital of the World Crypto ETFs Are Year’s Best Performers But Only Lure $12 Million Turkish Banks Set for Best Week in 21 Years Before Sunday’s Vote Single-Stock ETFs Get Vote of Confidence in Huge 32-Fund Filing The Number of Climate Funds Out There Has Exploded Vanguard’s Trillion-Dollar Man Controls as Much US Debt as China ECB Criticizes Bank Industry for Still Being a ‘Man’s World’ Bill Gross Advises Buying T-Bills to Bet Debt-Ceiling Issues Will Be Resolved ETF Issuers Are Losing Tolerance for ESG as Closures Surge BCE You are now being redirected to the BCE.ca website (Bell Canada Enterprises), where you can view our Accessibility plan, and submit your feedback using our Accessibility webform. Caitlin Fichtel, Bloomberg News (Bloomberg) -- Welcome to Social Buzz, a daily column looking at what’s trending on social media platforms. I’m Caitlin Fichtel, an editor on Bloomberg’s Breaking News team, which monitors everything from company statements to tweets from some of the most prominent people in the financial world. Here’s your daily look at what the internet is talking about. Warner Bros. Discovery CEO Booed David Zaslav, the CEO of Warner Bros. Discovery, was disrupted and booed by students during his commencement address at Boston University amid an ongoing writers strike over pay disputes, Reuters reported. $6,400 Gelato A Japanese gelato called Byakuya, or “white night,” is fetching 880,000 yen ($6,380) a serving, making it the most expensive ice cream in the world, CNN reported, citing Guinness World Records. The dessert, made by Japanese ice cream brand Cellato, contains truffles sourced from Alba, edible gold leaf, two types of cheese and “sakekasu,” a paste-like ingredient derived from the process of sake-making. The dessert is available for sale in Japan and is shipped directly to consumers. Comedian Silenced Malaysian comedian Nigel Ng, who uses the name Uncle Roger, had his Weibo account suspended after he made jokes about China, the Associated Press reported. Ng posted a video clip last week from an upcoming comedy special where he pokes fun at Chinese surveillance and Beijing’s claims of sovereignty over Taiwan. Debt Ceiling Talks Continue President Joe Biden and Republican House Speaker Kevin McCarthy are set to meet Monday for talks on averting a catastrophic US default as time runs short and key differences remain. The leaders’ hand-picked negotiators met for more than two hours Sunday evening in McCarthy’s office at the US Capitol but did not discuss the status of those discussions with reporters. Hole in One Golfer Michael Block hit a hole in one during this weekend’s PGA Championship. Terminal users can sign up to receive this daily piece in their inbox by clicking here. --With assistance from Steven T. Dennis and Mike Dorning. ©2023 Bloomberg L.P.