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EU Foreign Policy Chief Warns Against Normalizing Russia

EU foreign policy chief Kaja Kallas tells Bloomberg This Weekend that Russia is escalating its war in Ukraine and is not serious about peace, criticizing Russian Foreign Minister Sergei Lavrov’s statements at the G20 foreign ministers’ meeting in Atlanta and warning against normalizing Moscow on the international stage. Speaking with host David Gura, Kallas also calls for a diplomatic solution to tensions with Iran and discusses efforts to deepen the EU’s relationship with Canada through greater cooperation on trade, energy and defense. (Source: Bloomberg)

Bloomberg · 9h ago
Chocolate Price Spook Families for Halloween

Halloween candy is getting more expensive as higher labor, energy and transportation costs continue to pressure food prices. Stew Leonard Jr., CEO of Stew Leonard’s, says bags of popular candy are up about 50 cents from last year, prompting some shoppers to trade down to cheaper options. He joins Bloomberg Businessweek Daily to discuss how affordability is changing consumer behavior, and how both environmental and economic changes are impacting the business. (Source: Bloomberg)

Bloomberg · Oct 30
AI Dip-Buyers Gored as Selling Spasm Caps Third Week of Losses

The deep selloff in technology stocks delivered a painful reckoning to those who remained all-in on the AI trade as the companies at the center of it tumbled, one after another, and investors rushed back to the defensive stocks they had swept out of vogue.

Bloomberg · Oct 30
FTC orders Delta, Uber and others to hand over data on algorithmic pricing

Regulator demands companies explain how and why they charge different prices for the same product or service The Federal Trade Commission (FTC) is demanding some of the US’s biggest airlines, ride-share companies and retailers divulge how they are using algorithms and loyalty programs to target customers and drivers with different prices and wages. Nine companies – Delta, United, JetBlue, Lyft, Uber, DoorDash, Instacart, Target and Walmart – were named in the inquiry, which comes after investigations and lawsuits alleging consumers are charged different prices based on their buying histories and drivers paid different fares based on their personal histories. Continue reading...

The Guardian · Oct 29