WalMart, Dick’s Crack Down on Gun Sales as Congress Dithers
published Feb 28, 2018, 7:16:47 PM, by Polly Mosendz (Bloomberg) — The pushback started soon after Parkland. By Feb. 22, it was in high gear. First National Bank of Omaha said it’d end its business relationship with the National Rifle Association. Enterprise Rent-A-Car did the same. Others came in quick
Stocks Sell-Off on Powell, Poor Data; Yen Climbs: Markets Wrap
published Feb 27, 2018, 8:04:02 PM, by Adam Haigh (Bloomberg) — Stocks in Asia followed their U.S. counterparts lower after hawkish comments from Federal Reserve Chair Jerome Powell and weaker than expected economic data from China and Japan. The yen strengthened after the Bank of Japan reduced longer dated bond
Boring’ Gold Giants Struggle to Compete With Hot Battery Metals
published Feb 27, 2018, 5:31:24 PM, by Danielle Bochove (Bloomberg) — Gold producers are doing everything they’re supposed to be doing — squeezing more profit out of mines, penny-pinching on projects and resisting the kind of big deals that got them into trouble when prices fell. While that’s satisfying their
China Is Said to Crack Down on Cryptocurrency Loophole
published Feb 27, 2018, 7:37:26 PM, by Bloomberg News (Bloomberg) — China is opening a new front in its battle against cryptocurrencies, targeting platforms that allow the nation’s investors to trade digital assets on overseas exchanges, people familiar with the matter said. Regulators are planning to scrutinize the Chinese bank
FedEx Says It Will Keep NRA Discounts Despite Calls for Boycott
published Feb 26, 2018, 4:30:19 PM, by Mary Schlangenstein (Bloomberg) — FedEx Corp. is maintaining discounts for members of the National Rifle Association, even as calls for a boycott mount on social media after a deadly school shooting in Florida. The courier said it “has never set or changed rates
Bank of America to Open 500 U.S. Branches, Expand Into Ohio
published Feb 26, 2018, 6:58:50 PM, by Laura J. Keller (Bloomberg) — Bank of America Corp. plans to open 500 branches across the U.S. during the next four years, including an expansion of its retail business into Ohio. Consumer-banking services will be available in Cincinnati, Cleveland and Columbus, Ohio, the
China Now Faces the Downsides of Dictatorship: Noah Feldman
published Feb 26, 2018, 5:55:40 PM, by Noah Feldman (Bloomberg View) — China’s nearly 30 year experiment with time-limited government is officially coming to an end. The Chinese Communist Party has suggested amending China’s constitution to allow President Xi Jinping to serve more than two five-year terms. Considering that the
New York’s Housing Market Splits the City in Two: Justin Fox
published Feb 22, 2018, 12:31:32 PM, by Justin Fox (Bloomberg View) — New York City has added an estimated 488,478 housing units since 1991. For a city that has added 1.1 million jobs over that same period, that’s not great, but it’s not terrible, either. Where things get complicated —
As Brexit Tensions Rise, EU’s Other Big Spat Edges Toward Truce
published Feb 25, 2018, 6:01:00 PM, by Ewa Krukowska, Jonathan Stearns and Wojciech Moskwa (Bloomberg) — Poland may be digging in over a Holocaust law that’s alarmed the U.S. and angered Israel, but a longer-running battle with its European Union allies might be about to reach some sort of truce.
The Car of the Future Will Sell Your Data
published Feb 20, 2018, 4:00:15 AM, by Gabrielle Coppola and David Welch (Bloomberg) — Picture this: You’re driving home from work, contemplating what to make for dinner, and as you idle at a red light near your neighborhood pizzeria, an ad offering $5 off a pepperoni pie pops up on