Facebook Shares Rise on Optimism for Banking Relationships
published Aug 6, 2018, 5:16:11 PM, by Sarah Frier and Jenny Surane (Bloomberg) — Facebook Inc.’s shares rose on optimism that the company is forging deeper relationships with banks to offer customer-service products via its Messenger chat application, a business that could boost engagement as growth slows on its main
The Ethics of Making Welfare Recipients Work: Michael R. Strain
published Aug 1, 2018, 8:00:13 AM, by Michael R. Strain (Bloomberg Opinion) — The wisdom of work requirements in safety-net programs for low-income Americans is being hotly debated in the U.S. Congress, state capitols and policy circles. In the coming weeks, Congress might expand work requirements in the Supplemental Nutrition
How to Make the Global Economy Work for All: Lawrence H. Summers
published Aug 6, 2018, 5:00:11 PM, by Lawrence H. Summers (Bloomberg Opinion) — Since the end of World War II, a broad consensus in support of global economic integration as a force for peace and prosperity has been a pillar of the international order. Since the fall of the Berlin
How Emerging Markets Can Rally as the Fed Lifts Rates: Shuli Ren
published Aug 6, 2018, 5:00:15 PM, by Shuli Ren (Bloomberg Opinion) — A U.S. 10-year bond yield at 5 percent? Emerging markets positioned for any such possibility are being handsomely rewarded. Over the last month, Indonesia and the Philippines were among the world’s best-performing stock markets, with the Jakarta Composite
Saudi Arabia Is Starting to Stockpile Oil Again: Julian Lee
published Aug 5, 2018, 2:00:13 AM, by Julian Lee (Bloomberg Opinion) — The key OPEC oil producers seem to be finding it harder than expected to sell their output overseas. The probable resulting build-up in their stockpiles should at least help them offset the drop in Iranian supplies as U.S.
Trump Says U.S. Now Has the Upper Hand on China in Tariff Battle
published Aug 5, 2018, 7:40:03 AM, by Margaret Talev (Bloomberg) — President Donald Trump defended his use of tariffs that have inflamed tensions with China and Europe, telling an audience of diehard supporters on Saturday that playing hardball on trade is “my thing.” “We have really rebuilt China, and it’s
Texas Democrats Are Optimistic for a Change: Albert R. Hunt
published Aug 5, 2018, 6:24:17 PM, by Albert R. Hunt (Bloomberg Opinion) — The longest recorded drought in Texas lasted from 1950 to 1957. That doesn’t count the Democrats’ dry spell over the past quarter century. They haven’t won a U.S. Senate or governor’s race since 1990. They’ve lost every
Uproar Over Israel’s Definition of Itself Crosses Ethnic Lines
published Aug 5, 2018, 4:00:01 PM, by Gwen Ackerman (Bloomberg) — It’s taken a backlash by Israel’s staunchest Arab supporters to spark one of the biggest outpourings of discontent with the Netanyahu government in years. In a country where distrust between Arab and Jew runs deep, Israel’s Druze community, which
Business Leaders Need Urgent No-Deal Brexit Advice, Lobby Says
published Aug 2, 2018, 6:01:00 PM, by Suzi Ring (Bloomberg) — A U.K. business lobby called on Prime Minister Theresa May’s government to urgently publish its guidance for a no-deal Brexit scenario, as a survey of executives found less than a third have done any contingency planning. The Institute of
China Dethroned by Japan as World’s Second-Biggest Stock Market
published Aug 2, 2018, 9:31:47 PM, by Bloomberg News (Bloomberg) — China just lost its ranking as the world’s number two stock market to Japan. After a Thursday slump, Chinese equities were worth $6.09 trillion, according to data compiled by Bloomberg. That compares with $6.17 trillion in Japan. The U.S.