December 10, 2023

Three hosts, One topic, three takes. “Bloomberg Triple Take” takes one issue affecting global markets and the economy and splits it into three angles. The program hosted by Caroline Hyde, Romaine Bostick and Taylor Riggs uses the power of the Bloomberg Terminal, Bloomberg Intelligence and Bloomberg News to provide analysis and data that can’t be found anywhere else.
Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
John Deere boasted record profits in 2021 and finally struck a deal with striking union workers. But now it has a bigger problem: farmers are revolting against restrictions on how they repair complex equipment.
Brain Inflammation Seen in Two US Monkeypox Cases, CDC Says
Big-Tech Stock Rebound Snapped With Rates Ready to Rise
Starbucks Is Spending an Extra $450 Million to Revamp Its North American Cafes 
NYC Moves on from Covid as New Round of Omicron Shots Roll Out
France to Cancel Half of Flights for Air Traffic Control Strike
Patreon Cuts 17% of Staff, Closes Offices in Dublin, Berlin
Twitter Shareholders Approve Musk’s $44 Billion Buyout as Trial Looms
Tech Workers Say Salaries Have Not Kept Pace With Inflation
Trump Ally Tom Barrack Gets Wealth Evidence Kept Out of Foreign-Agent Trial
US Says Russia Covertly Spent $300 Million to Sway Foreign Votes
Citigroup Warns Trading Revenue to Drop as Securitized Products Drags
You Need to Make Six Figures to Afford Most NYC Neighborhoods
LaQuan Smith Displays His Fashions on An Aircraft Carrier
Paramount Considers Merging Showtime With Its Paramount+ Service
The Holes in America’s China-Style Industrial Policy
Crypto Wants Some SEC Rules
The Best-Case Scenario for the Fed’s Inflation Fight Is Dead
It’s White-Collar Jobs That Are at Risk in the Next Recession
Tesla’s Autopilot Heads to Trial
The Ethereum Merge Ups the Stakes—and Reshapes the Crypto Universe
New Jersey Public Workers Rally Against Rising Health-Care Costs
Wells Fargo Agrees to Racial-Equity Audit Ahead of Hearings
Drought Across Swathes of England Set to Remain Until Next Year
If La Nina Persists, Expect More Drought and Flooding
Artist Reveals Instagrammers’ Real Stories With Video Surveillance
New Yorkers Who Fled to Connecticut During the Pandemic Are Staying Put
Phoenix Inflation at Record 13% Shows Divergence Among Cities
Merge Hype Prompts Investors to Pull Cash From Ethereum ETP
Novogratz’s Galaxy Sued by Crypto Custodian BitGo Over Deal Breach
SWIFT Financial-Messaging System Pilots Blockchain Project
Peak bond-issuance week is in the books, and high-grade corporate bond deals are hanging tough in the face of recession fears and surging risk-free rates, a trend that appears to be extending into the second week of September. It’s a sign that the market remains open for the companies that need it, welcome news for businesses hoping to avoid the risk of a liquidity crunch. If the US is set for a downturn, it won’t be the bond market’s fault.
The week after Labor Day — Week 36 — is often the busiest time of the year for the purveyors of new corporate bonds, and the past week and change haven’t disappointed. Investment-grade issuers sold more than $54 billion in bonds last week, led by retailers and financial companies. Walmart Inc., Target Corp. and TD-Dominion Bank were among the companies that were active. Although it was just average by Labor Day week standards, the showing will come as a relief in a year that has experienced historic drawdowns in the bond market and spotty business for underwriters. Year-to-date investment-grade issuance in the US is down about 7% compared with the previous five-year average, but this important week ended up matching recent precedent.


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