“Bloomberg Opinion” columnists offer their opinions on issues in the news.
We join a group of filmakers from Germany as they seek out a shy schoolboy in the Philippines who harbors dreams of escaping poverty through surfing. After that we take a look at a unique hotel that offers surfers everywhere the perfect way to sample the waves in comfort, even in remote locations.
Your Saturday Briefing: Movers and Shakers
Puerto Rico Power Utility Plan to Cut Debt by 40%
Charting the Global Economy: Fed, ECB and BOE Slow Rate Hikes
China’s Growth to Pick Up in 2023 on Stimulus, CCTV Reports
IMF Approves $3 Billion Egypt Loan to Support Ailing Economy
PulteGroup Fires Exec Accused of Defamation By Founder’s Heir
Hyundai Investigates Child Labor Claims at Alabama Suppliers
Vaccine Pioneer Sees mRNA Technology’s Limits in Treating Cancer
Musk Cries Foul Over Flight Data That’s Readily Available
Musk Is Seeking New Twitter Investors at Same Price He Paid
Iran Authorities Arrest Actress of Oscar-Winning Movie
Peru President Rules Out Resigning, Asks For Early Vote
PulteGroup Fires Exec Accused of Defamation By Founder’s Heir
Michael Burry Says Crypto Audits Are ‘Essentially Meaningless’
‘Avatar’ Sequel Takes In $53 Million in First Two Days Domestically
Croatia Beats Morocco 2-1 to Take 3rd Place at World Cup
ChatGPT Holds Promise and Peril
The New Top Troll Spoils Trump’s Comeback
Ron DeSantis Vaccine Complaint Exploits Public Health Gaffes
The Future of Work Is Lunch
Hollywood Loves Its Never-Ending Blizzard of Cheap Christmas Movies
Seven Takeaways From Businessweek’s Cocaine-Smuggling Cover Story
Connecticut Transgender Athletes Beat Court Challenge From Females
NYC Uber Drivers to Strike Monday After Judge Blocks Pay Raises
UK Temperatures to Jump to as High as 14C on Monday
COP15 Isn’t Moving Fast Enough for Canada’s Activist Minister
Young Taiwanese Breathe New Life Into Villages Once Home to War Vets
Nevada’s Unemployment Rate Jumps to Highest in the US at 4.9%
Doctors Are Taking on the Next Public Health Crisis: Mass Shootings
Crypto.com’s World Cup Win Is Overshadowed by FTX Industry Chaos
Binance, Alone at the Top After FTX, Stirs ‘Too Big to Fail’ Crypto Worry
This Week in Crypto: SBF Arrested (Podcast)
Source: NanoStockk/iStockphoto
Denitsa Tsekova
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The US stock market is sending a crystal clear signal on its view of the economy — a recession is all but imminent.
That’s the verdict from a trading model created by JPMorgan Chase & Co. strategists. It’s now saying the S&P 500’s 6.5% rout since the Federal Reserve turned extremely hawkish last week implies a 92% probability of US recession, up from 51% in August. Other assets are also flashing a similar warning. Pricing of base metals now carries a recession probability of 96%, up from 84% in August.
