Trump Appears to Confirm His Summit With Kim Back on Track
published May 27, 2018, 4:08:25 PM, by Margaret Talev, Kanga Kong and Nafeesa Syeed (Bloomberg) — President Donald Trump appeared to confirm that his summit with Kim Jong Un was back on, three days after he abruptly called off the historic meeting in an sharply worded letter to the North
Forget Millionaires. Listen to the Billionaires: Barry Ritholtz
published May 25, 2018, 2:29:53 PM, by Barry Ritholtz (Bloomberg Opinion) — Last month, I described an email that promised vast riches if I would adopt “The Millionaire Mindset.” This is the sort of silly wishful thinking I hate: Consider, instead, the Cartesian pitch as applied to self-help being sold
The Home ATM Is Back: U.S. Households Cashing in on Equity
published May 24, 2018, 10:32:36 AM, by Alex Tanzi (Bloomberg) — The home ATM is spewing cash thanks to rising property values and record household wealth. Equity pulled from homes to finance consumer spending and property improvements and pay off other debts rose in the first quarter to the highest
Apple’s $539 Million in Damages Is a `Big Win’ Over Samsung
published May 24, 2018, 6:35:51 PM, by Joel Rosenblatt and Mark Gurman (Bloomberg) — Apple Inc. won $539 million from Samsung Electronics Co. in the final throes of the companies’ U.S. court struggle over smartphone technology, seven years after the start of a global patent battle. Apple sought about $1
SPORTS: Road Map to The NHL by Brad Weisman
Only 0.16% of the people trying to make it in the NHL will actually get drafted. Less than 1% will have the chance to professionally play hockey. Even less than than ½ a percent will actually make it onto an NHL team. The road map to the NHL starts early
Some States Make the Most Out of This Business Cycle: Justin Fox
published May 23, 2018, 11:00:12 AM, by Justin Fox (Bloomberg Opinion) — With the start of the Great Recession now a little more than a decade behind us, it can be instructive to look back on what has transpired since. I did that with some national economic indicators back in
North Korea Warns of Nuclear Crisis in Threat to Scrap Summit
published May 23, 2018 8:21:50 PM, by Colin Keatinge (Bloomberg) — North Korea again threatened to cancel its planned summit with President Donald Trump next month, saying it was ready for a “nuclear-to-nuclear showdown” if the U.S. didn’t change its approach to the disarmament talks. A top North Korean diplomat
America Can’t Afford Unaffordable Housing: Antonio Weiss
published May 1, 2018 7:00:11 AM, by Antonio Weiss (Bloomberg Opinion) — Housing and Urban Development (HUD) Secretary Ben Carson proposed legislation to make affordable housing “work” by making it stingier. The bill would force low-income households to pay more of their scarce earnings in rent, tripling the rent for
Facebook’s Argument Against a Company Breakup: We Keep You Safe
published May 23, 2018 6:39:37 PM, by Sarah Frier (Bloomberg) — Faced with new questions about whether it’s a monopoly, Facebook Inc. is making a bold argument: owning so many communications platforms helps keep users safe. On Tuesday, the European Parliament asked Chief Executive Officer Mark Zuckerberg whether he should
Humans Hit Back Against Robots Mining Personal Finance Data
published May 22, 2018, 9:02:27 AM, by Silla Brush (Bloomberg) — Regulators are beginning to teach robots who’s the boss. After spending billions of dollars on cutting-edge artificial intelligence technologies, Europe’s banks and insurers face tougher scrutiny of the tools they use to help root out fraud, check borrowers’ creditworthiness