China Said to Offer Trump $200 Billion Cut in U.S. Trade Deficit
published May 17, 2018, 7:02:04 PM, by Saleha Mohsin (Bloomberg) — China has offered President Donald Trump a $200 billion reduction in its annual trade surplus with the U.S. by increasing imports of American products and other steps, said a Trump administration official. China made the offer during talks in
Investors’ Unconditional Love for Emerging Markets Is Fading
published May 16, 2018, 6:00:01 PM, by Srinivasan Sivabalan (Bloomberg) — Investors are punishing markets where policy makers haven’t done enough to stem deteriorating current-account balances, ballooning inflation and a run on their currencies. They became unforgiving as rising Treasury yields and a stronger dollar put the case for riskier
Own an Android? You Might Not Get That Loan: Leonid Bershidsky
published May 14, 2018, 10:30:04 AM, by Leonid Bershidsky (Bloomberg Opinion) — I have great respect for Apple, but I refuse to buy its $1,000 phones. Instead, I use a $250 Android device with a long battery life. In the emerging big data-based economy, however, that could cost me in
Another HR Startup Ousts Its CEO Over Misconduct Claims
published May 15, 2018, 2:35:40 PM, by Lizette Chapman (Bloomberg) — Human-resources software startup Namely Inc. is searching for a new leader following the abrupt departure of Chief Executive Officer Matt Straz.Namely’s board reviewed unspecified “actions” by Straz, determined they were “inconsistent” with leadership standards at the firm and announced
You Need $2.4 Million to Be Considered Wealthy in America
published May 15, 2018, 6:00:12 AM, by Suzanne Woolley (Bloomberg) — Many Americans cite leading a stress-free life and having “peace of mind” as their personal definition of wealth. That doesn’t sound too money-centric on the face of it—until you consider that money, or specifically the lack of it, is
North Korea Threatens to Scrap Trump Summit Over Military Drills
published May 15, 2018, 6:57:38 PM, by Andy Sharp, Nick Wadhams and Kanga Kong (Bloomberg) — North Korea abruptly canceled talks with South Korea and warned the U.S. to “think twice” about the fate of President Donald Trump’s planned meeting with Kim Jong Un next month, tamping down hopes of
Investors Cut Apple Holding by Most Since at Least ’08
published May 15, 2018, 7:09:29 PM, by Elena Popina (Bloomberg) — Institutional investors haven’t been this skeptical on Apple Inc. since at least the financial crisis. They reduced their holdings in the iPhone maker by about 153 million shares in the first three months of the year, an analysis of
Tech Is in Vogue Again, And Here Are Some ETF Flows to Prove It
published May 14, 2018 12:11:59 PM, by Sarah Ponczek and Carolina Wilson (Bloomberg) — Investors are once again warming up to the year’s hottest sector — technology. Even after regulatory and demand concerns cast a shadow over the industry, the S&P 500 Information Technology Index remains the best performer of
This ETF Is Flashing a Buy Sign for Emerging-Market Dollar Bonds
published May 14, 2018 1:49:04 PM, by Carolina Wilson and Aline Oyamada (Bloomberg) — Call it a hate-love relationship. Investors are piling into the biggest proxy for emerging-market hard currency bonds, barely a month after they were spooked into a selloff by the strengthening dollar. The iShares J.P. Morgan USD
All We Are Saying Is Give Trade Peace a Chance: Mark Gongloff
published May 14, 2018 3:29:45 PM, by Mark Gongloff (Bloomberg Opinion) — Welcome to Bloomberg Opinion Today, an afternoon roundup of our opinions on business, politics, markets, technology and more. New subscribers can sign up here. ICYMI Stocks meandered. Gaza burned. Melania Trump had kidney surgery. Trade Peace Breaks Out