published Mar 28th 2017, 2:51 am, by Wael Mahdi (Bloomberg) — Saudi Arabia slashed the tax rate paid by state oil producer Saudi Aramco, a key milestone in preparing the company for what may be the world’s biggest initial public offering. Aramco’s income tax, paid on the company’s profit, is

published Mar 28th 2017, 8:28 am, by Matt Levine (Bloomberg View) — Neural networks Consider a quant searching for factors that might push a stock over a benchmark index. Today an analyst has to manually select factors like price-earnings ratios to test. A quant using deep learning gives the neural

published Mar 27th 2017, 11:16 am, by Elizabeth Stanton (Bloomberg) — Treasuries rose Monday, extending last week’s gains, amid rising doubt that the Trump administration will be able to deliver on initiatives including tax cuts after failing to win House approval for health-care reform. Yields were lower by two to

published Mar 27th 2017, 12:45 pm, by Susan Decker (Bloomberg) — The U.S. Supreme Court grappled over whether to upend a quarter-century of practice and limit where patent-infringement lawsuits can be filed. The justices Monday heard arguments in a case involving water flavoring containers that could end the reign of

published Mar 27th 2017, 2:00 pm, by Faye Flam (Bloomberg View) — People aren’t getting dumber, despite what a prolific writer of fake news told the Washington Post last fall, but something funny is going on with American media. There’s been an apparent surge in fabricated stories, while the president

published Mar 26th 2017, 10:14 am, by Jennifer A. Dlouhy (Bloomberg) — The Trump administration will issue an executive order on Tuesday that begins dismantling a rule under former President Barack Obama that slashed carbon dioxide emissions and discouraged coal-fired electricity, U.S. environmental chief Scott Pruitt said. “The executive order

published Mar 19th 2017, 9:33 am, by Noah Feldman On free speech, the U.S. and Europe have also gone different ways. The German minister of justice threatened Facebook, Twitter and Alphabet Inc.’s Google search back in December, telling them they needed to move faster and better to remove hateful posts

published Mar 23rd 2017, 7:00 am, by Tyler Cowen (Bloomberg View) — As rents and home prices in the most productive megacities continue to climb, the obvious question is whether this is sustainable. Will New York, San Francisco and London become unstoppable juggernauts, soaking up more talent and becoming more

published Mar 23rd 2017, 3:20 pm, by Dennis Pettit (Bloomberg) — The dollar swung between gains and losses as investors monitored the prospects of the Republican health-care reform bill. The day’s modest foreign-exchange trading flows were mostly driven by fast-money accounts, traders said, with the busiest price action in the

published Mar 23rd 2017, 5:27 pm, by Eric Martin and Erik Schatzker (Bloomberg) — Mexico is prepared for the end of the North American Free Trade Agreement if it can’t reach a deal with the U.S. and Canada that’s a win for all three nations, the country’s top diplomat said.