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Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens.
If a green pivot is to happen, power grids must become “supergrids,” continent-spanning networks that can move green energy thousands of miles. The technology is here, but politics may stand in the way.
Poland Holds Rates Steady as Recession Risk Overshadows Prices
Pre-CPI Trading Surge Was ‘Extremely Unusual,’ Analysis Shows
Fed’s Kashkari Favors Raising Rates Another Point, Then Pausing
China’s Central Bank Pledges ‘Targeted, Prudent’ Monetary Policy
US 30-Year Fixed Mortgage Rate Climbs to Six-Week High
BT Invests in Drone Superhighway Startup: The London Rush
Odey’s Hedge Fund Soars 152% in Best Ever Year on Inflation Bet
Microsoft Hopes OpenAI’s Chatbot Will Make Bing Smarter
Salesforce Gains on Plan to Cut Jobs, Offices Amid Slowing Sales
Samsung Upgrades Selfie Camera and Screen on $200 Phone
Chicago Rolls Out Campaign to Lure Employers After Citadel, Boeing Exits
Rishi Sunak Hints at Change in Approach to Striking Workers
New Hedge Fund Soars 163% Betting Everything Is Going Down
Manhattan Home Prices Slip 5.5% in First Decline Since Mid-2020
Partners Group Agrees to Buy SureWerx from Riverside Co.
Novak Djokovic to Miss Indian Wells and Miami Open Over US Vaccine Requirement
Higher Education Is Headed in the Wrong Direction
Republicans Are in Power Without a Plan
The Risk of China’s ‘Reopening Trade’
New York Landlords Try Carbon-Sucking Towers to Comply With Climate Law
Building With Sustainable Wood Is Key to Greener Cities
How McDonald’s Won Russia—and Then Lost It All
Iran Releases Film Star Who Was Jailed for Backing Protests
Union Boss Says UK Rail Strike Talks to Resume Next Week
Green Lending Tops Fossil Fuel as Big Oil Gets Cash Elsewhere
France Prepares Green Industry Bill Echoing US Climate Law
The Cities Keeping Their Car-Free Spaces
Why Child Care Centers in New York City Are Shutting Their Doors
How Jersey City Got to Zero Traffic Deaths on Its Streets
What’s to Become of Miami’s “Crypto Hub” Status? (Podcast)
Indonesia to Start Crypto Exchange Ahead of Regulatory Shift
FTX’s Collapse Blurs the Future of Blockchain Gaming (Podcast)
At a time when the government is touting the potential of the domestic market, all the evidence is that local consumption is moribund.
Unfinished apartment buildings on the outskirts of Nanjing, China.
Photographer: Bloomberg
David Fickling
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Welcome to Elements, our daily energy and commodities newsletter. Today, David Fickling considers the worrying trends signaled in China’s latest batch of trade data, while in Egypt, delegates at the COP27 summit are sparring over issues from climate reparations to funding for mitigation and adaptation in poorer countries. If you haven’t yet signed up to get Elements directly into your inbox, you can do that here.
The most troubling aspect of the surprise decline in China’s trade data Monday isn’t so much the fact of a contraction, but its timing.