May’s Brexit Bombardment Wins Her Sympathy From Fatigued Public
published Nov 15, 2018, 6:47:23 PM, by Lucca De Paoli, Jack Sidders and Natasha Bowler (Bloomberg) — With Britain in another meltdown over Brexit, there are signs the attacks on Prime Minister Theresa May aren’t going down well with people away from the febrile cauldron of the U.K. Parliament. Of
Asia Stocks Trade Mixed; Pound Steadies After Fall: Markets Wrap
published Nov 15, 2018, 7:34:26 PM, by Adam Haigh (Bloomberg) — Asian equities rounded out the week in mixed fashion as investors gauge whether China and the U.S. can de-escalate their trade spat before the G-20 summit later this month. Stocks slipped in Japan and Hong Kong, and were little
In Defense of Wall Street, Warts and All: Barry Ritholtz
published Nov 13, 2018, 7:30:16 AM, by Barry Ritholtz (Bloomberg Opinion) — I have railed against financial-service industry excesses, such as over-the-top fees, the manipulation of investor emotions, the pursuit of alpha at the expense of beta, and the failure to make clients’ interests the priority via a fiduciary rule.
Conservative Euroskeptics Have Reason to Loath May’s Brexit Plan
published Nov 14, 2018, 4:07:26 PM, by Nikos Chrysoloras and Kitty Donaldson (Bloomberg) — “Dismayed, disgusted:” two words used by one Conservative euroskeptic to describe the kind of Brexit deal that Theresa May signed off on with European Union negotiators. The text confirms their worst fears. In fact, the deal
Bolton Deputy Targeted by Melania Trump to Depart White House
published Nov 14, 2018, 6:12:39 PM, by Jennifer Epstein and Jennifer Jacobs (Bloomberg) — National Security Adviser John Bolton’s top deputy will leave the White House, Press Secretary Sarah Huckabee Sanders said, a day after first lady Melania Trump called for the official’s ouster. Deputy National Security Adviser Mira Ricardel
Vanguard Tumbles in Customer Satisfaction After Digital Snafus
published Nov 13, 2018, 10:27:29 AM, by Suzanne Woolley (Bloomberg) — Vanguard Group, famed for its low-cost investment products, just broke out of the pack in a consumer satisfaction survey. But not in a good way. The mutual fund firm with more than $5.3 trillion in assets under management suffered
Asia Stocks Mixed as Oil Seeks Floor; Pound Rises: Markets Wrap
published Nov 13, 2018, 8:16:01 PM, by Adam Haigh (Bloomberg) — Stocks in Asia meandered and U.S. equity futures rose after a mixed bag of data on China’s economy that followed a topsy-turvy session for U.S. shares. Oil steadied after its unprecedented slump, while the pound advanced. Japanese stocks outperformed
Key House Democrat Says He’s `Intent’ on Trump Tax Return Demand
published Nov 13, 2018, 6:54:26 PM, by Laura Davison and Kaustuv Basu (Bloomberg) — Democrats are in discussions about the best way to get the Treasury Department to hand over President Donald Trump’s tax returns, according to the incoming chairman of the House Ways and Means Committee. “We don’t have
North Korean Missiles Are Deceptive But Not Surprising: Eli Lake
published Nov 12, 2018, 5:30:14 PM, by Eli Lake (Bloomberg Opinion) — Ever since he met with Kim Jong Un last June in Singapore, President Donald Trump has spoken of his North Korean summitry with pride. The nuclear crisis, he has assured the world, is defused. Diplomacy continues. Sanctions remain.
U.S. Stocks Decline on Tech Woes; Dollar Rallies: Markets Wrap
published Nov 12, 2018, 3:07:30 PM, by Vildana Hajric and Sarah Ponczek (Bloomberg) — U.S. stocks started the week on a sour note, with tech shares tumbling as Apple Inc. faltered on signs of weak iPhone demand. The dollar rose, and the pound slid as the U.K.’s premier fought to