January, 2020

• 5 January

  Cellnex starts 2020 acquiring towers from Morgan Stanley

  

  Bloomberg Cellnex Telecom SA, the Spanish tower operator that has announced about 7 billion euros ($7.8 billion) of acquisitions since going public in 2015, is making its first deal of the year with the purchase of assets in Portugal. Cellnex, based in Barcelona, will acquire all of the towers held in a joint venture between Altice Europe NV, Morgan Stanley ...

  Read More »
• 5 January

  Manhattan home sales see smallest drop in two years

  Bloomberg Manhattan home sales slipped 1.2% in the fourth quarter — and that’s the best news for the market in two years. It was the smallest year-over-year decline in deals since buyers started retreating in 2017, according to a report by appraiser Miller Samuel Inc and brokerage Douglas Elliman Real Estate. While home-shoppers are still wary of overpaying in a ...

  Read More »
• 5 January

  US court awards HP $439m in damages

  

  Bloomberg HP Inc was awarded $439 million in damages against Quanta Storage Inc and its US subsidiary after a federal judge tripled a jury’s 2019 award for damages caused by a widespread scheme to inflate the price of optical disk drives. In October, a Houston jury ordered Quanta to pay HP $176 million in damages. US District Judge David Hittner ...

  Read More »
• 5 January

  Samsung to unveil new devices next month

  Bloomberg Samsung Electronics Co said it will introduce new products at an event in San Francisco next month. The launch of “new, innovative devices that will shape the next decade of mobile experiences” will take place on February 11 at 11 am local time, the South Korean company said. In a teaser, it showed a rectangle and a square, a ...

  Read More »
• 5 January

  Pinterest bulls see a marketer’s goldmine in the making

  

  Bloomberg Pinterest Inc has shed more than a quarter of its market value since the end of October, falling below its April initial public offering price. Yet many market watchers still think the social-media company has the right formula to boost advertising revenue and win over investors. Almost half of Wall Street analysts tracked by Bloomberg recommend buying the stock ...

  Read More »
• 5 January

  Prime Minister Morrison, your country is burning

  

  Large tracts of the Australian continent are ablaze. Beyond the toll in lives and property, the most remarkable thing about this bushfire season is that people can see it, taste it and feel it. While fires have long been a product of the country’s hot, dry climate, they remained a remote idea for most Australians — something you caught for ...

  Read More »
• 5 January

  Fed voters will fall in line with Powell

  

  It’s that time of year at the Federal Reserve, when the voting members that comprise the Federal Open Market Committee undergo their annual rotation. Don’t, however, expect to see any changes in policy this year now that the more hawkish central bankers have come to terms with last year’s dovish pivot. For 2020, the Fed anticipates holding policy rates steady ...

  Read More »
• 5 January

  5 big macroeconomic questions for 2020 and beyond

  As a new decade begins, I see five big questions facing macroeconomists, which I’ve listed in a roughly increasing order of difficulty. Why not make full use of our productive resources? Inflation has been stuck below the Federal Reserve’s target of 2% for much of the past decade. It is expected to remain low for at least another year or ...

  Read More »
• 5 January

  Unlike Ghosn, Nissan can’t escape problems

  The Houdini-esque escape by Carlos Ghosn from his court-monitored Tokyo residence may be shrouded in intrigue, but one thing has been left in plain sight: A turnaround at Nissan Motor Co. won’t happen any time soon. Whatever he has to say from his refuge in Lebanon will be largely inconsequential for the Japanese car company. Nissan is in a state ...

  Read More »
• 5 January

  The 2010s wrecked the planet. Don’t despair yet

  

  The past decade hasn’t done much to inspire optimism about the future of the planet. Emissions from burning fossil fuels and land-use changes since the start of 2010 have been equivalent to about 407 billion tons of carbon dioxide. About one-sixth of all carbon emissions in human history happened in the past decade alone. Doom Loop Depending on the estimates ...

  Read More »