There’s a Tax Ax Poised to Fall on China’s Wealthy: Shuli Ren
published Oct 24, 2018 5:00:22 PM, by Shuli Ren (Bloomberg Opinion) — Meat and poison: Tax cuts for some in China are coming back to bite as levies increase on others. The slowing economy has prompted Beijing to announce a series of reductions this year, ranging from the value-added tax
How to Debate Finance Without Being a Jerk: Barry Ritholtz
published Oct 29, 2018 11:00:24 AM, by Barry Ritholtz (Bloomberg Opinion) — The arrest of a partisan extremist who mailed explosive devices to political and media critics of President Donald Trump was a reminder of what happens when rhetoric turns nasty. As political debates become emotionally charged, people tend to
New York’s Online Fantasy Sports Law Voided by State Judge
published Oct 29, 2018 6:53:34 PM, by Erik Larson and Christopher Palmeri (Bloomberg) — The New York law that legalized online fantasy sports games — allowing FanDuel Inc. and DraftKings Inc. to do business in the state — runs afoul of the state Constitution, a judge ruled. In an Oct.
Amazon Tumbles on Disappointing Forecast for Holiday Revenue
published Oct 25, 2018, 4:36:32 PM, by Spencer Soper (Bloomberg) — Amazon.com Inc. issued a disappointing revenue and profit forecast for the busy holiday quarter, suggesting sales growth is slowing for the e-commerce giant while higher pay for warehouse workers could hurt the bottom line. Revenue will be $66.5 billion
Most Mideast Stocks Retreat as Traders Eye Earnings: Inside EM
published Oct 28, 2018, 8:34:12 AM, by Filipe Pacheco (Bloomberg) — Most equity indexes in the Middle East declined as investors focus on third-quarter results. Volatility in Saudi stocks dropped to the lowest level in two weeks as the uproar over the killing of columnist Jamal Khashoggi in Istanbul dissipate.
As Violence Rises, Trump Allies Reject Linking Words, Action
published Oct 28, 2018, 3:53:15 PM, by Mark Niquette (Bloomberg) — Allies of President Donald Trump rejected any link between harsh political rhetoric and a rise in violence in the U.S., even as President Barack Obama’s homeland security chief said changing the “toxic” political environment must start at the top.
Nowhere to Hide as World of Cross-Asset Pain Engulfs Investors
published Oct 25, 2018, 12:16:29 PM, by Todd White and Natasha Doff (Bloomberg) — The October stock rout has delivered a wake-up call to money managers searching for shelter this year. Swelling dollar funding costs, equity volatility and fissures in the synchronized growth story are punishing assets across the globe.
Ford Starts Showing Positive Results From Exiting Sedan Market
published Oct 24, 2018, 5:29:14 PM, by Keith Naughton (Bloomberg) — Ford Motor Co. is already showing results from its controversial decision to exit the sedan business in America and make a bet on bigger vehicles. The automaker surprised Wall Street with better-than-expected earnings due mainly to selling more high-priced
Trump Nemesis Steyer Locked in Messy Fight Over Clean Power
published Oct 24, 2018, 10:54:01 AM, by Mark Chediak and Brian Eckhouse (Bloomberg) — Hedge fund billionaire Tom Steyer is spending millions of dollars to turn politically-red Arizona green in a battle that’s growing increasingly nasty. Steyer, best known for his TV pitch to impeach President Donald Trump, is facing
`Ground Zero’ for House Control Puts Trump’s Appeal to the Test
published Oct 24, 2018, 3:00:00 AM, by Arit John (Bloomberg) — From the Iron Range in the north to soybean farms in the south, the defining dynamics of this year’s U.S. congressional elections are playing out in four Minnesota House races that both parties view as bellwethers for the midterm