published Jan 14, 2018 3:00:09 PM, by Satyajit Das (Bloomberg View) — Current debates about stock valuations resemble the arcane meditations of medieval monks. But the real drivers are more mundane. Traders, weaned on tales of financial derring-do like “The Big Short,” want to be the ones who profit from

published Jan 9, 2018, 6:00:20 AM, by Patrick T. Harker (Bloomberg View) — In 2006, Philip Marshall had to make a critical decision: turn in his father for exploiting Philip’s grandmother, or do nothing. Philip’s decision to act revealed to the world what remains perhaps the world’s highest profile case

published Jan 10, 2018, 8:00:00 AM, by Romy Varghese (Bloomberg) — California is raking in cash from surging stocks and is sitting on billions in reserves. Governor Jerry Brown may resist spending much of it, keeping with the fiscal restraint that’s won applause from Wall Street. The Democrat’s proposed budget

published Jan 11, 2018, 3:48:35 PM, by Jeremy Herron and Kailey Leinz (Bloomberg) — U.S. stocks rebounded from the first retreat of the year to set fresh records, as resource producers and industrial shares rallied on optimism in the global economy. The dollar fell and Treasuries halted a decline. The

published Jan 10, 2018, 3:51:09 PM, by Laura Litvan and Toluse Olorunnipa (Bloomberg) — President Donald Trump said he’s not backing down on funding a border wall in any immigration deal as lawmakers from both parties were rushing to cobble together an agreement that can survive hardliners’ opposition and win

published Jan 10, 2018, 11:01:00 PM, by Naureen S. Malik (Bloomberg) — America’s trade imbalance just got a wee bit smaller. The U.S. has now become a net exporter of natural gas on an annual basis for the first time since at least 1957. Net exports averaged about 0.4 billion

Back in October I was traveling a lot at a consistent time of day and I went out of my way to listen to Eric “The Mancow” Mueller on our local radio station here in Chicago. I have been a big fan ever since I saw him on a Christian

published Jan 9, 2018 12:27:28 PM, by Laura Litvan, Anna Edgerton and Jennifer Epstein (Bloomberg) — President Donald Trump indicated he’s willing to split contentious immigration proposals into two stages, providing protections for young immigrants known as dreamers and increasing border security first, leaving tougher negotiations on comprehensive legislation for

published Jan 4, 2018, 8:30:32 AM, by Stephen Gandel (Bloomberg Gadfly) — Jack Bogle launched Vanguard Group Inc. with little more than a college thesis. When Jack Brennan took over, the company had less than half of the assets of heavyweight Fidelity Investments. And even Bill McNabb, who rose to

published Jan 8, 2018, 3:01:42 PM, by Jeremy Herron (Bloomberg) — U.S. stocks rose for a fifth straight day, with technology shares bolstering major indexes, as investors continue to price in the impact of tax cuts before corporate earnings start later in the week. The dollar strengthened after three straight