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Dell to Return to Public Markets With Tracking Stock Buyout
published Jul 2, 2018 12:56:24 PM, by Nico Grant (Bloomberg) — Dell Technologies Inc., the world’s largest private technology company, announced plans to trade publicly again, re-emerging five years after its leveraged buyout as a more diverse leader in computer equipment and software, though one burdened by debt. The tech
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Personal Loans Surge to a Record High
published Jul 3, 2018 11:28:58 AM, by Hannah Levitt (Bloomberg) — Heather Turner and her husband needed a few thousand dollars to jump-start the adoption of a teenager from Ukraine, and their timing was good: Lenders led by online firms have opened the spigot for personal loans, even if it
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More Americans Used Subsidies to Buy Obamacare Plans Than in ’14
published Jul 2, 2018 2:57:43 PM, by Drew Armstrong (Bloomberg) — The share of people who got government assistance to buy private health-insurance coverage has been rising since the start of Obamacare, according to a report released Monday. More than 8 million people in the U.S. got subsidies to help
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How Auto Companies Are Blasting Trump’s Imports Investigation
published Jul 2, 2018 6:00:00 PM, by Sarah Gardner, John Lippert and Gabrielle Coppola (Bloomberg) — Two words sum up how auto companies are portraying the future if the Trump administration determines that car imports are a national security threat and slaps imported vehicles and parts with tariffs: doom and
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May in One-to-One Talks With Feuding Cabinet on Brexit Blueprint
published Jul 2, 2018 6:16:21 PM, by Tim Ross (Bloomberg) — Theresa May is holding one-to-one talks with cabinet ministers in an attempt to win their support for her Brexit plan after surprising them with a new proposal for a customs deal with the European Union, people familiar with the
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Trump May or May Not Want to Postpone Nafta Move Until U.S. Vote
published Jul 1, 2018 12:35:07 PM, by Ros Krasny (Bloomberg) — President Donald Trump said Sunday he wants to wait until after the election to finalize a new deal on the North American Free Trade Agreement — but it wasn’t clear whether he meant the U.S. midterms in November, or
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How to Avoid Poverty After Making $650 Million: Barry Ritholtz
published Jun 29, 2018 11:35:39 AM, by Barry Ritholtz (Bloomberg Opinion) — The 1980s television series “21 Jump Street” launched Johnny Depp’s acting career; “Edward Scissorhands,” director Tim Burton’s dark Gothic fairy tale, made him a movie star. But it was Disney’s “Pirates of the Caribbean” movies that made him
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Trump Tweets, Saudis Scramble: Here’s How the U.S. Steers OPEC
published Jul 1, 2018 4:00:00 PM, by Mohammed Aly Sergie (Bloomberg) — The U.S. isn’t a member of OPEC, a cartel that’s anathema to the free-market capitalism of the world’s biggest economy. Yet presidents have long pressured its top producer Saudi Arabia to adjust oil production policies, usually to lower
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Supreme Court Blocks California Pregnancy-Clinic Disclosure Law
published Jun 26, 2018 10:26:41 AM, by Greg Stohr (Bloomberg) — A divided U.S. Supreme Court blocked a California law that imposed disclosure requirements on anti-abortion pregnancy centers, saying the measure probably violates the clinics’ speech rights. Under the measure, which took effect in 2016, licensed pregnancy centers have to
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One of the World’s Hottest Short Sellers Is Changing Tactics
published Jun 28, 2018 6:01:06 PM, by Tom Redmond (Bloomberg) — Earlier this month, Soren Aandahl scored one of his biggest victories as a short seller when he dramatically took down the leader of a world-famous brand. In some ways, the resignation of Samsonite International SA’s chief executive officer after