published Dec 6th 2016, 7:22 am, by Noah Smith (Bloomberg View) — Few are paying attention, but a proposal now working its way through Congress could change the U.S.’s whole approach to trade, industrial policy and taxation. The plan would exempt income earned on exports from corporate taxation. Today, corporations

published Dec 7th 2016, 9:49 am, by Ben Steverman (Bloomberg) — Shortly before Thanksgiving, Nathan Lundquist, a 22-year-old senior at Auburn University, was sitting in the Delta Air Lines lounge in the Atlanta airport, pondering his next credit card. In blogs and online forums in which “churners” obsess over credit-card

published Dec 7th 2016, 6:54 pm, by Christopher Langner (Bloomberg Gadfly) —The past two years have been tough on hedge funds, and active money managers in general. Sitting on an index fund provided better returns in almost every asset class. Donald Trump’s election as president of the U.S., however, has

published Dec 6th 2016, 3:42 pm, by Greg Stohr (Bloomberg) —The U.S. Supreme Court told a lower court to take another look at a $399 million award won by Apple Inc. from rival Samsung Electronics Co. for copying the design of the iPhone. The unanimous decision extends a legal battle

published Dec 6th 2016, 7:07 pm, by Narae Kim and Lianting Tu (Bloomberg) —What was once almost unheard of is becoming de rigueur in China’s corporate bond market.The amount of bonds sold by Chinese companies that come with certain investor protections is rapidly increasing. The ratio of debt wrapped with such covenants —

published Dec 5th 2016, 4:20 pm, by Tim Ross (Bloomberg) —The U.K. government promised to make sure London keeps its place as the leading financial center after Brexit, following top-level talks between global bank chiefs and senior ministers. U.K. Chancellor of the Exchequer Philip Hammond and Brexit Secretary David Davis

published Dec 5th 2016, 2:15 pm, by Megan McArdle (Bloomberg View) —The only good thing that can be said about aging is that it’s better than the alternative. It’s also more expensive, and as society ages, we’re going to have to figure out how we pay for it. Most Americans

published Dec 5th 2016, 1:57 pm, by Dina Bass (Bloomberg) —Tay take two? Microsoft Corp. is letting users try a new chatbot on the app Kik, nine months after it shut down an earlier bot that internet users got to spout racist, sexist and pornographic remarks. The new one is

published Dec 4th 2016, 4:14 pm, by Chiara Albanese (Bloomberg) — The euro fell as exit polls showed a lead for the “no” campaign in Italy’s constitutional referendum. The single currency slid against all of its 16 major peers as investors gauged whether the vote could upset the nation’s political

published Dec 4th 2016, 3:00 pm, by Connor Cislo (Bloomberg) — As much of working-age Japan frets about having enough money in old age, the nation’s seniors are increasingly propping up consumer spending, accounting for the little growth in consumption the country has seen in recent years. It is something