Alibaba May Have Met Its Match in America: Christopher Balding
published Jun 18th 2017, 4:00 pm, by Christopher Balding (Bloomberg View) —Alibaba Group Holding Ltd., already the largest Chinese company by market capitalization, is nothing if not ambitious. Its chief financial officer, Maggie Wu, recently told investors she expects revenue to increase by up to 49 percent next year, a
Google Says It Will Do More to Suppress Terrorist Propaganda
published Jun 18th 2017, 4:02 pm, by Lindsey Rupp and John Lauerman (Bloomberg) —Alphabet Inc.’s Google says it is creating new policies and practices to suppress terrorism-related videos, a response to U.K. lawmakers who have said the internet is a petri dish for radical ideology. Google will increase its use
SPORTS by Brad Weisman: Doing Good Off The Court
It was a matter of just minutes that I learned Peter Ezugwu (the gentle giant) is much more than a former athlete. I suppose it was not hard to notice his 6ft 8 stature when he walked through the door, however I could just as easily feel the depth
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