Low Rates Adding Risk to Global Financial System, CIBC CEO Says
published Sep 11, 2018, 12:00:00 PM, by Doug Alexander (Bloomberg) — Canada should boost immigration and competitiveness to shield itself from the rising risks of low interest rates, according to the head of the country’s fifth-largest lender. “Interest rates have been very low for a very long time. Perhaps too
Vanishing Jobs Growth Spells Deep Trouble for Korean President
published Sep 11, 2018, 7:28:25 PM, by Jungah Lee (Bloomberg) — Unemployment and jobs growth in South Korea haven’t looked so bad since the wake of the global financial crisis, undermining President Moon Jae-in’s economic agenda. Data released Wednesday shows the unemployment rate jumping to 4.2 percent, the highest since
North Korean Leader Kim Seeks Second Summit With Trump in Letter
published Sep 10, 2018, 2:59:14 PM, by Justin Sink (Bloomberg) — North Korean leader Kim Jong Un requested a second meeting with President Donald Trump, and U.S. diplomats are already working to set up the summit, White House Press Secretary Sarah Huckabee Sanders said Monday. “The primary purpose of the
Tax Cut 2.0 Bill Unveiled by House GOP Ahead of Election Push
published Sep 10, 2018, 6:16:37 PM, by Laura Davison and Allyson Versprille (Bloomberg) — House Republican lawmakers introduced legislation Monday that would make the 2017 tax cuts for individuals permanent in a bid to highlight their signature economic policy achievement ahead of the November elections. The legislation — released as
Nike’s Controversial Kaepernick Ad Wins Kanye West’s Approval
published Sep 10, 2018, 5:56:58 PM, by Rita Devlin Marier (Bloomberg) — After a tense week, where Nike lost $4.2 billion from its market capitalization after releasing a new ad campaign featuring the controversial football quarterback-turned-activist Colin Kaepernick, the company’s share price has mostly recovered. Moreover, it gained a new
Ritholtz’s Reads: Value Investing, Hard Lessons and Being Lucky
published Sep 4, 2018, 6:56:10 AM, by Barry Ritholtz (Bloomberg Opinion) — Welcome to September! It’s our Tuesday morning train reads: The Next Financial Crisis Lurks Underground (New York Times); see also Flood of Sand Points to Shakeout for Shale Suppliers (Wall Street Journal) The Bad and Good News for
Bitcoin Tracker One and Ether Tracker One Suspended by U.S. SEC
published Sep 9, 2018, 6:07:10 PM, by Jesse Westbrook (Bloomberg) — The U.S. Securities and Exchange Commission temporarily suspended trading in two securities linked to cryptocurrencies on Sunday, citing investor confusion regarding the assets. The halted securities are Bitcoin Tracker One and Ether Tracker One, the regulator said in a
The Rupee Is Falling and India Should Let It: Ila Patnaik
published Sep 9, 2018, 7:04:11 PM, by Ila Patnaik (Bloomberg Opinion) — The Indian rupee has been sliding against the U.S. dollar in recent days as emerging markets come under pressure. That’s made the currency one of Asia’s worst performers, losing 12 percent this year. The rupee’s latest moves have
SPORTS: Upmanship by Brad Weisman
We have all heard it before – “upmanship”. In some ways, it is about out doing what you perceive the competition to be, however it is also what cripples a team. We all want to get ahead, and some will take great strides to rise above the people who can
Asian Stocks Face More Losses; Treasuries Climb: Markets Wrap
(Bloomberg) — Asian stocks looked set to end the week with declines following losses for U.S. technology shares and gains in Treasuries and the yen, amid ongoing concerns about global trade and emerging markets. Futures signaled losses in Japan, China, Hong Kong and Australia. The Nasdaq fell for a third