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This Startup Has a Plan to Sell Annuities So You Don’t Die Poor
published Mar 1, 2018, 8:49:26 AM, by Suzanne Woolley (Bloomberg) — Matt Carey studied Arabic at the University of Pennsylvania, preparing for what he hoped would be a career at the Central Intelligence Agency. Eleven years later, he’s pitching annuity contracts. He’s actually happy about that.A summer job at the
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Trump Says U.S. to Impose Harsh Steel and Aluminum Tariffs
published Mar 1, 2018, 3:38:09 PM, by Joe Deaux, Andrew Mayeda and Toluse Olorunnipa (Bloomberg) — President Donald Trump said the U.S. will slap tariffs on steel and aluminum imports to protect national security, a major escalation of his hawkish trade agenda that could hit producers from Europe to Asia
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Third Time’s Not a Charm as Trump Tries to Craft a Biofuel Fix
published Mar 1, 2018, 4:08:10 PM, by Jennifer A. Dlouhy and Mario Parker (Bloomberg) — President Donald Trump found out how difficult it is to bridge the competing interests of ethanol producers and oil refiners as a third White House biofuel meeting in four days ended with no agreement on
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Israel Freezes Church Tax Plan After Holy Sepulchre Uproar
published Feb 27, 2018, 2:14:03 PM, by Fadwa Hodali and David Wainer (Bloomberg) — Israel put on hold a proposal to tax church-owned property in Jerusalem after top Christian clerics in the city closed the venerated Church of the Holy Sepulchre to protest the planned levies. The office of Prime
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Best Emerging-Market Stock Fund Is Betting Big on Alibaba, Baidu
published Feb 28, 2018, 7:00:00 PM, by Justin Villamil (Bloomberg) — Money managers at one of the best performing emerging-market funds are betting big on Chinese internet stocks as they forecast another year of outperformance for developing-nation equities. The $2.6 billion Trilogy Global Advisors Emerging Wealth Fund had almost 10
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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
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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
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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
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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
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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