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Outsider Trump Tells Students to Emulate Him in Defying Critics
published May 13th 2017, 12:16 pm, by Margaret Talev (Bloomberg) —A defiant President Donald Trump told the graduating class at Liberty University to stand up to criticism and challenge conventions in his first commencement address since taking office, a message that seemed aimed at his detractors as much as to
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Asia Stocks Set for Volatile Day After U.S Selloff: Markets Wrap
published May 17th 2017, 6:28 pm, by Benjamin Purvis (Bloomberg) —Volatility was set to spread across Asian equity markets after turmoil surrounding Donald Trump’s administration sparked the worst day in eight months for U.S. stocks as investors rushed toward haven assets. Equity index futures in Australia, Japan and South Korea pointed
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Aramco Said to Plan at Least 10 Energy Deals During Trump Visit
published May 16th 2017, 5:00 pm, by Wael Mahdi and David Wethe (Bloomberg) —Saudi Aramco plans to sign agreements with at least 10 companies including General Electric Co. and oil field-service businesses Schlumberger Ltd. and Halliburton Co. when President Donald Trump visits Saudi Arabia, according to two people familiar with
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Digital Revolution Clears Hurdles for Asia’s Emerging Economies
published May 16th 2017, 7:07 pm, by David Roman (Bloomberg) —Asia’s emerging economies are embracing the digital revolution. From the Philippines to Indonesia, developing nations across the region are jumping on the digital bandwagon faster than expected given their relatively low income levels, according to a new report by Deloitte
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Trump Adviser Says Disclosure to Russians Was `Appropriate’
published May 16th 2017, 4:05 pm, by Margaret Talev, Shannon Pettypiece and Michael S. Arnold (Bloomberg) —White House National Security Adviser H.R. McMaster sought for the second day to contain the damage from a report that President Donald Trump revealed sensitive and highly classified intelligence to two senior Russian officials,
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Red Hot Emerging-Market Stocks Are Showing Signs of Overheating
published May 15th 2017, 6:00 pm, by Blaise Robinson (Bloomberg) —The scorching gains that have put emerging-market equities on track for their best year since 2009 are showing signs of flagging. After the MSCI Emerging Market Index’s surge of about 17 percent this year, momentum indicators suggest the rally is
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China Seeks to Establish Its Own Brands – With Foreign Designers
published May 15th 2017, 4:00 pm, by Bloomberg News (Bloomberg) —When evaporating profit margins prompted China’s Zhejiang Willing Foreign Trading Co. to launch its own brand for yoga wear last year, it spurned homegrown talent and turned to a French freelance designer. “Chinese designers just don’t have good taste for
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Trump Needs an Intervention From Republicans: Jonathan Bernstein
published May 15th 2017, 5:54 pm, by Jonathan Bernstein (Bloomberg View) —I wish today’s bombshell from the Washington Post — that President Trump “revealed highly classified information to the Russian foreign minister and ambassador in a White House meeting last week” which “jeopardized a critical source of intelligence on the
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Modern Motherhood Has Economists Worried
published May 12th 2017, 7:57 am, by Ben Steverman (Bloomberg) —Motherhood is changing, as are mothers’ working lives—and those changes have economists concerned. For a while, women around the world were making clear economic progress. More of them were working, and they were earning more (and boosting the global economy in the process).
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You’re Killing It With Your 401(k)—on Autopilot
published May 12th 2017, 7:30 am, by Suzanne Woolley (Bloomberg) —Automation, that demon of American job security, may be the patron saint of retirement savings. The average balance in a 401(k) defined-contribution account at Fidelity Investments hit a record $95,500 in the first quarter, up more than 9 percent from a