published Jun 7, 2018 3:55:52 PM, by Natalie Obiko Pearson (Bloomberg) — When Rolls-Royce Motor Cars unveiled its first-ever SUV in the Americas last month, it chose Vancouver. On day one, it sold six, which start at C$399,000 ($308,000) each — not bad for a bespoke brand that delivered just

published Jun 7, 2018 8:00:14 AM, by Suzanne Woolley (Bloomberg) — At first glance, it may look like brazen entitlement: Sixty-three percent of affluent children between the ages of 18 and 22 say financial stability in retirement will depend on inheriting money. As in, the money their parents spent a

published May 30, 2018 9:33:25 AM, by Matt Levine (Bloomberg Opinion) — Morgan Stanley has some computers. One argument that you sometimes hear for flesh-and-blood human financial advisers is that, in times of market panic, when customers are desperate to sell, those human advisers can calm them down and keep

published Jun 1, 2018 1:00:12 PM, by Nathaniel Bullard (Bloomberg Opinion) — Venture capital investor and longtime technology observer Mary Meeker has published her annual Internet Trends presentation — 294 slides this year, including a section on transportation. There’s a useful finding on slide 128: What Americans spend on purchasing

published May 28, 2018 3:00:00 PM, by Bloomberg News (Bloomberg) — A company that makes medicine out of snake gall bladders has seen its shares more than double this year as health-care companies become China’s hottest stocks. In a market buffeted by the fallout from the U.S. trade disputes, mainland

published May 25, 2018, 2:29:53 PM, by Barry Ritholtz (Bloomberg Opinion) — Last month, I described an email that promised vast riches if I would adopt “The Millionaire Mindset.” This is the sort of silly wishful thinking I hate: Consider, instead, the Cartesian pitch as applied to self-help being sold

published May 24, 2018, 10:32:36 AM, by Alex Tanzi (Bloomberg) — The home ATM is spewing cash thanks to rising property values and record household wealth. Equity pulled from homes to finance consumer spending and property improvements and pay off other debts rose in the first quarter to the highest

published May 1, 2018 7:00:11 AM, by Antonio Weiss (Bloomberg Opinion) — Housing and Urban Development (HUD) Secretary Ben Carson proposed legislation to make affordable housing “work” by making it stingier. The bill would force low-income households to pay more of their scarce earnings in rent, tripling the rent for

published May 16, 2018, 6:00:01 PM, by Srinivasan Sivabalan (Bloomberg) — Investors are punishing markets where policy makers haven’t done enough to stem deteriorating current-account balances, ballooning inflation and a run on their currencies. They became unforgiving as rising Treasury yields and a stronger dollar put the case for riskier

published May 14, 2018, 10:30:04 AM, by Leonid Bershidsky (Bloomberg Opinion) — I have great respect for Apple, but I refuse to buy its $1,000 phones. Instead, I use a $250 Android device with a long battery life. In the emerging big data-based economy, however, that could cost me in