Mar 28, 2017 - Economy & Business

Bloomberg terminal users fall for 2nd time ever

Scott Beale via Flickr CC

Last year the number of Bloomberg's terminals fell by 3145 to just under 324,500, according to Burton-Taylor International, a consulting group that is one of the leading sources of information in the industry, per FT. The distinctive terminals, which bankers, traders, and money managers use daily to access real-time market information, have been cut because:

  1. Banks are trying to cut costs — each terminal costs about $22,000 a year — and revenues at 12 of the biggest global investment banks dropped 3% last year
  2. Machines are replacing traders, making it difficult to maintain terminal numbers, according to one of Burton-Taylor's founders, Douglas Taylor

Why it matters: This is the second time ever that the number of terminals has fallen for Bloomberg since it was founded in 1981. Keep in mind, the first time was during the global financial crisis.

Go deeper

Amy Harder
20 mins ago - Energy & Environment
Column / Harder Line

How Europe’s green pandemic recovery will push the rest of the world

Illustration: Sarah Grillo/Axios

Europe, long the most progressive continent when it comes to tackling climate change, is doubling down on this ambition to revive pandemic-ravaged economies.

Why it matters: The European Union is the world’s third-largest emitting region after the U.S. and China, but it’s not just that. These plans will push global corporate behavior and prod other governments by creating either templates to follow or protectionist battles (or both).

Go deeper (3 min. read)Arrow
Axios
Updated 10 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 12,859,834 — Total deaths: 567,123 — Total recoveries — 7,062,085 — Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 3,297,501— Total deaths: 135,155 — Total recoveries: 1,006,326 — Total tested: 40,282,176 — Map.
  3. States: Florida smashes single-day record for new coronavirus cases with over 15,000 — NYC reports zero coronavirus deaths for first time since pandemic hit.
  4. Public health: Ex-FDA chief projects "apex" of South's coronavirus curve in 2-3 weeks — Coronavirus testing czar: Lockdowns in hotspots "should be on the table"
  5. Education: Betsy DeVos says schools that don't reopen shouldn't get federal funds — Pelosi accuses Trump of "messing with the health of our children."
Go deeper (<1 min. read)Arrow
Jonathan Swan
11 hours ago - Politics & Policy

Scoop: How the White House is trying to trap leakers

Illustration: Sarah Grillo/Axios

President Trump's chief of staff, Mark Meadows, has told several White House staffers he's fed specific nuggets of information to suspected leakers to see if they pass them on to reporters — a trap that would confirm his suspicions. "Meadows told me he was doing that," said one former White House official. "I don't know if it ever worked."

Why it matters: This hunt for leakers has put some White House staffers on edge, with multiple officials telling Axios that Meadows has been unusually vocal about his tactics. So far, he's caught only one person, for a minor leak.

Go deeper (4 min. read)Arrow