Your Evening Briefing
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Welcome back from the holiday weekend. Here's what you might have missed.
Prying eyes are watching Airbnb customers as tenants fight back. Airbnb disputes that home-sharing has significantly reduced affordable housing, but recently it has taken steps to comfort officials. It may be a sign that aggressive steps by tenants–including hiring private investigators to stake out units for evidence of short-term rentals–are swaying the debate.
Fear of Trump triggered deep spending cuts by the U.S.'s second-largest union. The Service Employees International Union is planning for a 30 percent budget cut over the next year, according to an internal memo reviewed by Bloomberg Businessweek.
Israel is pushing ahead with building plans in areas the UN Security Council recently declared as occupied Palestinian territory. It’s also weighing new steps against UN agencies as the censure from the international body roils domestic politics.
Consumer confidence climbed in December to the highest level since August 2001. Americans were more upbeat about the economic outlook than at any time in the past 13 years, according to a report Tuesday from the New York-based Conference Board.
Outrage over the economy doesn’t explain surging global populism. The concerns of people from the U.S. Midwest to Europe are only partially rooted in a sense of abandonment in a global economy. There’s a deeper discontent with the way they are governed that a fiscal stimulus program, import tariffs or a stock-market rally won’t quickly soothe.
Tesla and Panasonic will begin production of solar cells and modules next year at a plant in Buffalo, New York. Production will begin in the summer, with the factory’s output capacity expanding to 1 gigawatt by 2019. The announcement underscores deepening ties between the two companies.
These are the nine cars Americans loved or hated in 2016. Bloomberg crunched sales data through November to see which models posted the biggest shifts in demand. The biggest winner: the Nissan Infiniti QX50 (+272%). The biggest loser: Kia's K900 (-68%).