Cyberattack Sends Derivatives Trading Back to the 1980s

Derivatives shops, used to clearing hundreds of billions of dollars in trades every day, found themselves in a dramatically different era this week: the old days of manually processing deals.

Gold Rises on China’s Covid Shift, Signs of Cooler US Inflation

Two hundred and fifty gram gold bars arranged at Gold Investments Ltd. bullion dealers in London, U.K., on Thursday, March 17, 2022. Gold rose for a second day as investors weigh the trajectory of the Federal Reserve’s rates tightening cycle against risks to growth from the war in Ukraine. Photographer: Chris Ratcliffe/Bloomberg

Fusion Is Nuclear Power Without the Meltdowns and Radioactive Waste

(Bloomberg) — Abundant fuel. No danger of a meltdown. No lingering radioactive waste.  Nuclear fusion, the process US researchers successfully demonstrated this month, has big potential advantages over the nuclear power plants operating today, which run on an entirely different principle. If perfected into a form that can run in a power plant — not … Read more

Asia Stocks Picture Mixed on Fed View, China Woes: Markets Wrap

“It’s a decent time to start considering sharpening your pencil and think about what is a good buy right now,” Terri Spath, founder and chief investment officer of Zuma Wealth Management, said on Bloomberg Television. She said that the coming slowdown in the US economy would be mild and that if there’s a shallow recession … Read more

Asian Stocks, US Futures Rise Before Midterms: Markets Wrap

An electronic ticker at the Philippine Stock Exchange (PSE), operated by Philippine Stock Exchange Inc., in Taguig, the Philippines, on Friday, June 24, 2022. The exchange will permanently close its trading floor after the pandemic hastened its migration to “floorless trading” amid a digital shift that’s changing the operations of capital markets. Photographer: Veejay Villafranca/Bloomberg

Pound to Lead UK Market Suffering as BOE Flags Long Recession

The weak pound helped the FTSE 100 stock index, stacked with global exporters, to rally more than 4% this week. Still, the more domestically-focused FTSE 250 has consistently underperformed its large cap peer this year. According to Goldman Sachs Group Inc. strategists, it’s trading at the largest P/E discount against the MSCI World index since … Read more

India’s New Rich Fuel Brand Expansion for Tata’s Jewelry Arm

Titan gets about 90% of its revenue from the sale of jewelry and the rest from watches, eyewear and perfumes. It has four jewelry brands under its umbrella: flagship Tanishq, working women-focused Mia, online sales portal Caratlane, and Zoya, which is aimed at rich customers. 

US Redoubles Efforts to End Dependence on Russian Nuclear Fuel

“We are going to get Congressional support in a bipartisan way for us to make our own fuel cycle supply chain independent, certainly of Russia,” Granholm, 63, said in an interview at the International Atomic Energy Agency in Vienna. “We’ve got to make this happen for our own independence and national security.”