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

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

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

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

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

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

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

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

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

published May 22, 2018, 4:00:17 PM, by Adam Minter (Bloomberg Opinion) — China is home currently to 241 million people over the age of 60, approximately 17 percent of the population. By 2050, the elderly will number around 500 million and account for more than one-third of the population. According