Trump Pivots Back to Blame `Both Sides’ for Virginia Melee
published Aug 15, 2017 5:53:01 PM, by Toluse Olorunnipa, Jennifer Epstein and Justin Sink (Bloomberg) — A day after belatedly faulting white supremacists for deadly clashes in Virginia, President Donald Trump returned to his controversial position that there was “blame on both sides” for the weekend violence, saying that liberal
China Reclaims Spot as World’s Biggest Holder of Treasuries
published Aug 15, 2017 4:33:56 PM, by Andrew Mayeda and Katherine Greifeld (Bloomberg) — China reclaimed its position as the top foreign owner of U.S. Treasuries after increasing its holdings for the fifth straight month. China’s holdings of U.S. bonds, notes and bills rose to $1.15 trillion in June, up
Red-Hot Tech Stocks Lose Some Big Supporters: The Daily Prophet
published Aug 15, 2017 3:30:07 PM, by Robert Burgess (Bloomberg Prophets) —The rally this year in U.S. stocks has been defined by its lack of breadth. Put another way, without the eye-popping returns of a few high-flying technology stocks, the performance of the market would look very different — and
America’s Shale Natural Gas Production Is Taking Off — Sort Of
published Aug 14, 2017 5:24:27 PM, by Naureen S. Malik (Bloomberg) — America’s shale gas production is about to surge 12 percent. Sort of. The Energy Department issued a report Monday estimating that the nation’s prolific shale formations will yield 59.4 billion cubic feet a day in September, a massive
SoFi Employee Says He Was Fired for Reporting Sexual Harassment
published Aug 14, 2017 9:43:31 AM, by Selina Wang and Julie Verhage (Bloomberg) — Social Finance Inc., a startup that specializes in refinancing student loans, is being sued by an employee who claims that he was fired for reporting sexual harassment and fraudulent actions by managers. Brandon Charles, a senior
Trump Denounces White Supremacists Amid Backlash to Response
published Aug 14, 2017 4:25:02 PM, by Justin Sink, Margaret Talev and Arit John (Bloomberg) — President Donald Trump called out white supremacists for their role in the deadly violence over the weekend in Virginia as the administration sought to counter a backlash against his initial failure to directly hold
Nuclear War With North Korea Isn’t Imminent, U.S. Officials Say
published Aug 13, 2017 11:33:51 AM, by Heejin Kim, Alan Levin and Ben Brody (Bloomberg) —Two top U.S. national security officials sought to tamp down fears of imminent nuclear war with North Korea following days of heightened rhetoric by President Donald Trump, as America’s top general prepares to meet with
Bargain Hunters See Value in Korea Stocks Amid Geopolitical Risk
published Aug 13, 2017 11:00:01 AM, by Heejin Kim (Bloomberg) — Seoul stocks may still be finding favor with investors seeking bargains globally, even as U.S. President Donald Trump and North Korea’s Kim Jong-un’s aggressive rhetoric drives the benchmark gauge down. Eight of top 10 gainers on the Kospi 200
Illinois Senate Overrides Governor’s Veto of Chicago School Aid
The Illinois Senate overrode Governor Bruce Rauner’s partial veto that would have cut millions of dollars for Chicago’s cash-strapped school district, bringing the state closer to ending an impasse that has prevented aid from flowing to elementary and high schools. Rauner, a Republican, had issued an amendatory veto of a
South Korean Stocks, Won Drop as Trump Doubles Down on Rhetoric
published Aug 10, 2017, 8:23:07 PM, by Divya Balji and Heejin Kim (Bloomberg) —South Korea’s stocks and currency fell after President Donald Trump warned North Korea that if it “does anything” to the U.S. or its allies “things will happen to them like they never thought possible.” The Kospi index