San Francisco’s Median House Price Hits a New High: $1.6 Million
published Apr 4, 2018 3:57:32 PM, by Noah Buhayar (Bloomberg) — Homebuyers in the red-hot San Francisco real estate market appear to be unfazed by stock-market volatility and tax-law changes. The median sale price of a house in the city soared to $1.6 million in the first quarter, an almost
Fed Officials Say China Trade Brawl Clouds Policy Outlook
published Apr 4, 2018 4:35:58 PM, by Steve Matthews and Matthew Boesler (Bloomberg) — Federal Reserve officials warn an escalating trade dispute between the U.S. and China is adding an unwelcome layer of doubt to an otherwise bright economic outlook, though it’s premature to say what the fallout means for
Taxing Soda and Booze Can Spark Healthy Spiral, Research Says
published Apr 4, 2018 4:00:00 PM, by James Paton (Bloomberg) — Nobody likes taxes, but new research shows they can be good for your health. Taxing products such as soda, alcohol and tobacco can steer consumers toward healthier choices and avert a ruinous tumble in which obesity fuels disease and
Trump Says He’ll Deploy Military to Guard U.S.-Mexico Border
published Apr 3, 2018 6:40:56 PM, by Jennifer Epstein and Justin Sink (Bloomberg) — President Donald Trump said he plans to deploy the U.S. military to guard the border with Mexico and has told Mexican leaders he would abandon the North American Free Trade Agreement without assurances of help on
Stock Rotation Comes to Emerging Markets as Defensives Take Lead
published Apr 3, 2018 6:00:00 PM, by Srinivasan Sivabalan (Bloomberg) — It isn’t just a technology selloff in emerging markets. It’s a full-fledged rotation away from cyclical stocks and into defensive ones. Let’s bust that jargon: Companies whose fortunes are closely tied to economic growth, such as those making car
Is the Fun Over at Sony? A Stoic Numbers Guy Takes Over as CEO
published Apr 1, 2018 4:00:00 PM, by Yuji Nakamura and Yuki Furukawa (Bloomberg) — When it comes to crunching numbers or winding down bad businesses, nobody at Sony Corp. has been as sharp as Kenichiro Yoshida. Now, as chief executive officer, he faces a tougher task: rekindling some lost magic.
Saudi Crown Prince: Israelis Have the Right to Their Own Land
published Apr 2, 2018 5:05:50 PM, by Daniel Flatley (Bloomberg) — Saudi Arabia’s Crown Prince Mohammed Bin Salman said he recognizes the right of Israelis to have their own nation-state. “I believe the Palestinians and the Israelis have the right to have their own land,” he said in an interview
Google Shakes Up Management at Top of Powerful Search, AI Units
published Apr 2, 2018 5:12:22 PM, by Mark Bergen (Bloomberg) — John Giannandrea, the head of Google’s cornerstone web-search unit, is stepping down from his role. Alphabet Inc.’s Google merged its search and artificial intelligence divisions in February 2016, placing the veteran computer scientist at the helm. Now that he’s
Trump Is Said to Push for Initial Nafta Deal; Peso Rebounds
published Apr 2, 2018 7:39:19 PM, by Eric Martin (Bloomberg) — The Trump administration is pushing for a preliminary Nafta deal to announce at a summit in Peru next week, and will host cabinet ministers in Washington to try to achieve a breakthrough, according to three people familiar with the
Saudi Arabia Emerging-Market Tag Comes With Sobering History
published Apr 1, 2018 7:32:53 AM, by Filipe Pacheco (Bloomberg) — As Saudi Arabia celebrates its first ever emerging-market classification by a major index compiler, history suggests the market may be headed for a retreat. The Saudi stock benchmark advanced to the highest since 2015 last week before FTSE Russell