Jonathan Ferro drives you through the market moving events from around the world on Bloomberg's The Open. 60 minutes featuring the brightest minds on Wall Street, taking you through the most important hour of the trading day.
The economy and markets are "under surveillance". Bloomberg Surveillance, covering the latest news in finance, economics and investments.
Artificial intelligence is set to revolutionize the world, empowering those nations that fully harness its potential. The U.S. is still seen as the world AI leader, but China is catching up. The race is central to the U.S.-China rivalry and a critical facet of the economic and military competition that will define the decade.
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The Port of Long Beach.
The supply-chain crisis that has clogged the US logistics network has made the country’s two largest ports of Los Angeles and Long Beach the least efficient trade hubs for handling containers worldwide, a new report showed.
Responsible for about 42% of all US containerized trade with East Asia, the southern Californian twin hubs ranked in the final two positions of the World Bank and S&P Global Market Intelligence’s 370-member Container Port Performance Index for 2021, the companies said in a report released Wednesday. A majority of the busiest US sea gateways -- including Georgia’s Savannah, New York and New Jersey and California’s Oakland -- ranked in the bottom half of the list.