GOOD DAY FOR: New York’s mayor, since Bloomberg LP is valued at $22.5 billion after Merrill Lynch sold its 20 percent stake in the private financial news and data company for $4.5 billion. New York City Mayor Michael Bloomberg, who owns 72 percent of the company he founded, is expected to buy the stake. Merrill will keep its 49 percent stake in money manager BlackRock. (The New York Times)
BAD DAY FOR: Sore losers, after Pakistani investors threw stones and broke windows at the Karachi stock exchange to show their displeasure over its worst losing streak in 18 years. The Karachi Stock Exchange 100 Index has fallen for 15 straight days and lost 30 billion in market value in three months. (Bloomberg)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
'A direct, protracted war with Israel is not something Iran is equipped to fight'Instant Opinion Opinion, comment and editorials of the day
-
Today's political cartoons - April 17, 2024Cartoons Wednesday's cartoons - political anxiety, jury sorting hat, and more
-
Arid Gulf states hit with year's worth of rainSpeed Read The historic flooding in Dubai is tied to climate change
