Pound Tumbles as May Steps Up Preparation for a No-Deal Brexit
published Dec 10, 2018, 10:15:47 AM, by Charlotte Ryan(Bloomberg) — The pound dropped to its weakest level in almost 20 months and government bonds rallied as U.K. Prime Minister Theresa May said she was stepping up preparations for no Brexit deal. Sterling fell more than 1.5 percent against the dollar as
Screen Time Changes Structure of Kids’ Brains, `60 Minutes’ Says
published Dec 9, 2018, 6:00:00 PM, by Lisa Lee(Bloomberg) — Smartphones, tablets and video games are physically changing the brains of adolescents, early results from an ongoing $300 million study funded by the National Institute of Health have shown, according to a report by “60 Minutes.” Scientists will follow more than
Rising U.S.-China Tensions Roil U.S. Stock-Index Futures
published Dec 9, 2018, 6:02:02 PM, by Heejin Kim(Bloomberg) — U.S. stock index futures extended declines after China summoned the U.S. ambassador after the arrest of Huawei Technologies Co.’s chief financial officer. December futures slid as much as 1 percent on the S&P 500 Index as of 8:55 a.m. in Tokyo
SPORTS: In the spirit of Hanukah…By Brad Weisman
In the spirit of Hanukah it is hard to not realize some Jews have made it to the professional level – Sandy Koufax and Gabe Kapler in baseball….Howard Carl in basketball……Brad Peltz….Steve Dubinsky and this goes on. Yes, it is fairly short, however some have made the show. However, this
Bond Traders Try Hard to Invert the Whole Curve: Robert Burgess
published Dec 4, 2018, 3:27:11 PM, by Robert Burgess (Bloomberg Opinion) — Stocks plunged the most since October on Tuesday, with the Dow Jones Industrial Average at one point plummeting 818 points. The thinking among commentators was that the sell-off was sparked by some tweets from President Donald Trump, calling
Reunited, But Does it Feel So Good?: World Economy This Week
published Dec 6, 2018, 6:01:11 PM, by Michelle Jamrisko (Bloomberg) — It was a weird week for the trade war, and chasing the post-G-20 jockeying kept markets busy while monetary policy doves quietly got the best of some tough decisions for central banks. Europe is still in crisis mode on
How to Survive the Trade War If You’re an American Firm in Asia
published Dec 6, 2018, 6:48:26 PM, by Michelle Jamrisko (Bloomberg) — U.S. firms operating in Asia are adapting to global trade uncertainty with a range of survival tactics, from re-branding products to tweaking their supply chains. “All of the tools in the toolbox are being utilized,” said Cindy Owens, an
World’s Biggest Game Is Coming for Apple and Google’s App Stores
published Dec 5, 2018, 3:42:13 PM, by Gerrit De Vynck (Bloomberg) — Epic Games Inc., maker of the monster hit Fortnite, announced a new online store this week that could eventually put pressure on Apple and Google to relinquish some control over their own app stores. Epic’s new store will
Earthquakes in Heart of Texas Oil Country Spur Water Crackdown
published Dec 5, 2018, 4:38:03 PM, by Ryan Collins and David Wethe (Bloomberg) — Texas is considering new restrictions on how shale explorers dispose of wastewater from oil drilling as earthquakes rattle the largest oil-producing American state. The new rules would target how much and at what pressure briny water
India Claims Top Ten in List of World’s Fastest-Growing Cities
published Dec 5, 2018, 5:01:00 PM, by Xiaoqing Pi (Bloomberg) — When it comes to the top 10 cities for economic growth, India is set to dominate over the next two decades, according to Oxford Economics. Surat, a diamond processing and trading center in the north-western state of Gujurat, will