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Stock Futures Climb on U.S.-China Trade War Pause : Markets Wrap
published May 20, 2018, 5:27:09 PM, by Cormac Mullen (Bloomberg) — Asian stocks are set to start the week higher and U.S. equity futures jumped after U.S. Treasury Secretary Steven Mnuchin said the Trump administration won’t impose tariffs on Chinese products for now. Japanese futures rose in Chicago while S&P
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May Won’t Betray Brexit Backers on Customs Plan, Johnson Says
published May 20, 2018, 4:30:00 PM, by Tim Ross (Bloomberg) — Brexit supporters “fearing betrayal” over a new customs plan should trust Prime Minister Theresa May to deliver on her promises as the U.K. prepares to leave the European Union, Foreign Secretary Boris Johnson said. Johnson reminded his fellow euroskeptics
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U.S. Puts `Trade War’ Against China on Hold, Mnuchin Says
published May 20, 2018, 6:22:03 PM, by Andrew Mayeda and Mark Niquette (Bloomberg) — The Trump administration won’t impose tariffs on Chinese products for now, after the two nations made progress on trade issues during two days of talks, Treasury Secretary Steven Mnuchin said. “We’re putting the trade war on
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Sex Isn’t Everything In Trump’s Big Reveal: Timothy L. O’Brien
published May 17, 2018, 5:31:07 AM, by Timothy L. O’Brien (Bloomberg Opinion) — Thanks to the Office of Government Ethics, a U.S. federal agency created after the Watergate scandals to curb the kind of flagrant conflicts of interest that are hallmarks of the current White House, we just received our
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Millions of Britons Are Trapped in Low Pay, Think Tank Warns
published May 17, 2018, 6:01:00 PM, by Andrew Atkinson (Bloomberg) — The proportion of British workers in low-paid jobs fell to a 35-year low last year but there is no room for complacency, a think tank warned. The Resolution Foundation said 18 percent of employees earned less than two thirds
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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
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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
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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
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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
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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