Qualcomm Touts Phone Chips That Use Satellite Power: CES Update
(Bloomberg) — The Consumer Electronics Show is underway for another day, with more substantial crowds hitting the Las Vegas event after two years of Covid-19 disruptions.
Bloomberg Business
Newsom at Inauguration Touts California ‘Freedom’ over DC Chaos
Democratic California Governor Gavin Newsom in his inauguration for his final term contrasted the state’s “myth and magic” against “forces in America that want to take the nation backward.”
DeSantis Calls on National Guard to Handle Migrant Flow, Blames Biden
Florida Governor Ron DeSantis on Friday ordered the National Guard to help respond to an influx of migrants coming ashore by boat near Key West, and used the occasion to again lash out at President Joe Biden’s immigration policy.
Mali Ends Ivory Coast Diplomatic Spat With Pardon of Troops
Mali’s junta leader suspended the prison sentences of 46 Ivorian soldiers arrested last year, ending a diplomatic spat with neighboring Ivory Coast that risked further destabilizing West Africa’s volatile Sahel region.
Dethroned ‘SPAC King’ Thinks Musk Will Take Starlink Public This Year
Chamath Palihapitiya, a former Facebook Inc. executive and prominent investor known for his “blank-check” companies, is predicting that SpaceX’s internet-from-space initiative Starlink will go public in 2023, years earlier than planned.
McCarthy’s Speaker Deal Could Stymie Defense Spending Next Year
(Bloomberg) — The emerging deal Kevin McCarthy is discussing to make him speaker of the House could make agreements on new defense spending impossible next year, at a time when the US is intent on backing Ukraine against the Russian invasion and growing more wary of China’s stepped up aggression toward Taiwan.
China’s Deep-Pocketed Tourists Are Staying Home, For Now
During last year’s bruising Covid lockdown in Shanghai, Qin Bing dreamed of traveling overseas. As China reopens its borders on Sunday after three years of Covid isolation, however, the 36-year-old marketing manager is staying put.
McCarthy Sees Path to Victory as House Sets Up Late Vote
Republican Kevin McCarthy was increasingly confident Friday that he’ll gain the additional votes he needs to be elected as House speaker after converting some of the holdouts that had blocked him over the previous three days.
Macy’s Says Holiday Sales Were Weaker Than It Expected
Macy’s Inc. expects to report fourth-quarter sales that were weaker than previously forecast and sees continued pressure on the consumer in 2023.
McCarthy Deal With Rebels Would Heighten Risk of Debt Standoff
House GOP leader Kevin McCarthy’s deal with ultraconservative Republicans to get their votes in the speaker election includes provisions that increase the possibility of a market-rattling showdown over the US debt ceiling later this year.
