Popular 401(k) Funds Are Packed With Tech Stocks
published Jun 14th 2017, 3:32 pm, by Suzanne Woolley (Bloomberg) —How tech-savvy are you? Recent volatility in popular technology stocks, including Apple Inc., Microsoft Corp., Facebook Inc., Google parent Alphabet Inc., and others, is a reminder to check the tech weighting in your retirement portfolio. There’s nothing wrong with having a big slug of tech
China’s Holdings of U.S. Treasuries Rise to Six-Month High
published Jun 15th 2017, 7:58 pm, by Andrew Mayeda and Andrea Wong (Bloomberg) —China’s holdings of U.S. Treasuries rose for a third straight month in April, reaching the highest in half a year amid signs the economy is stabilizing. Chinese ownership of U.S. government bonds, notes and bills increased by
Trump Said to Announce Ban on Doing Business With Cuban Military
published Jun 15th 2017, 8:00 pm, by Justin Sink and Toluse Olorunnipa (Bloomberg) —President Donald Trump will announce a ban on Americans and U.S. companies doing business with Cuba’s military on Friday in a rollback of the Obama administration’s plan to thaw relations with the island. The president will announce
Bonds Rise Amid Data, Fed; S&P 500 Futures Decline: Markets Wrap
published Jun 14th 2017, 8:46 pm, by Garfield Reynolds (Bloomberg) —Bonds rallied amid lingering inflation concerns even after Federal Reserve Chair Janet Yellen suggested weak readings won’t persist. U.S. equity futures fell after a report that investigators are probing whether President Donald Trump attempted to obstruct justice. Australian bonds followed a rally
Shooting Suspect’s Story: Tales of Gunfire and Online Rants
published Jun 14th 2017, 5:13 pm, by Alan Levin and Ari Natter (Bloomberg) — The man suspected of shooting a top GOP congressman and several others Wednesday expressed disdain for Republicans on social media and was questioned by police in March after a neighbor complained about gunshots coming from his
Abe Passes Controversial Bill Boosting Japan Surveillance Powers
published Jun 14th 2017, 9:06 pm, by Andy Sharp (Bloomberg) — Japanese Prime Minister Shinzo Abe’s government passed controversial legislation that gives prosecutors the power to monitor and arrest people in the planning stages of crimes. As dawn broke in Tokyo on Thursday, bleary-eyed lawmakers voted to pass the so-called
Would You Buy a Dream Car From Amazon’s Jeff Bezos?: Gadfly
published Jun 12th 2017, 10:15 am, by Chris Bryant and Andrea Felsted (Bloomberg Gadfly) —You don’t need a brain like Jeff Bezos to figure out why he began selling books online and not cars. Books are a cheap and easily-shipped commodity product. By contrast, people rarely buy a car without
U.S. to Seek Top Court Review of Second Ruling on Travel Ban
published Jun 13th 2017, 1:41 pm, by Greg Stohr (Bloomberg) —The Trump administration said it wants the U.S. Supreme Court to review this week’s appeals court ruling blocking the president’s travel ban, proposing a briefing schedule that would let the high court act on the case before its term ends
Tesla Is Whatever Kind of Company You Want It to Be: Gadfly
published Jun 13th 2017, 2:00 pm, by Liam Denning (Bloomberg Gadfly) — The tech tantrum of recent days offered some timely insight into one of the more intriguing, and vexatious, debates in the stock market: namely, whether Tesla Inc. is a car stock or a technology stock. It’s both, obviously:
China’s Skyscraper Age Is Likely Coming to an End: Adam Minter
published Jun 12th 2017, 4:00 pm, by Adam Minter (Bloomberg View) —At more than 2,000 feet, Shanghai Tower is the world’s second-tallest building. It looms over its neighbors — the world’s ninth and 19th tallest buildings — in a supercluster of supertall structures unlike any other in the world. The