rump Finds Asian Allies Cool to U.S. Attack on North Korea
published Apr 12th 2017, 7:50 pm, by David Tweed (Bloomberg) — U.S. President Donald Trump is finding little support among his Asian allies — both publicly and behind the scenes — as he weighs a military attack on North Korea after unilaterally firing missiles on Syria. Any attack on Kim
Modi’s Israel Visit Said to Spur Missile Deals as Ties Deepen
published Apr 11th 2017, 4:00 pm, by N. C. Bipindra (Bloomberg) — India is close to signing two defense deals with Israel as it seeks to deepen ties with the Middle Eastern nation before Prime Minister Narendra Modi’s visit in July, according to people with knowledge of the matter. The
China’s Factory Inflation Eases as Commodities Rebound Weakens
published Apr 11th 2017, 8:49 pm, by Bloomberg News (Bloomberg) — China’s producer price gains slowed last month from a peak in February, decelerating for the first time since September 2015 and tempering the global inflation outlook. Key Points The producer price index rose 7.6 percent last month from a
White House Seeks Car-Efficiency Talks With California
published Apr 11th 2017, 7:52 pm, by Ryan Beene and John Lippert (Bloomberg) — The White House will seek to convene negotiations between federal regulators, carmakers and California officials for a pact on auto-efficiency standards through 2025 to ensure consistent rules in all 50 states. The administration wants to reach
Hot Spots in Emerging Markets This Week: South Africa, Russia
published Apr 9th 2017, 10:00 am, by Filipe Pacheco (Bloomberg) — South African bonds will trade Monday carrying junk grades from two ratings agencies for the first time since 2000, while Russian assets may come under pressure as tension between President Vladimir Putin’s government and the U.S. escalates after an
Lopsided Stocks and the Math Explaining Active Manager Futility
published Apr 9th 2017, 6:00 pm, by Oliver Renick (Bloomberg Markets) — J.B. Heaton is an unlikely stock market revolutionary. He doesn’t work in investing, his academic research focuses on legal aspects of insolvency, and most of his holdings are index funds. Yet thanks to his intellectual wanderings, Heaton today
Dollar Rises, Treasuries Retreat as Stocks Slip: Markets Wrap
published Apr 7th 2017, 3:02 pm, by Jeremy Herron and Dani Burger (Bloomberg) — U.S. stocks ended a volatile session lower, while the dollar advanced with Treasury yields as investors looked past a U.S. military strike in Syria and worse-than-forecast hiring data. The S&P 500 Index slipped amid volume 15
U.S. Car Demand Collapse Jeopardizes Trump’s Auto Factory Push
published Apr 4th 2017, 7:52 am, by David Welch and Jamie Butters (Bloomberg) — Ford Fusion: down 37 percent. Chevrolet Malibu: down 36 percent. Toyota Prius: down 29 percent. As those grim numbers suggest, the U.S. auto industry was blindsided last month by just how fast sedans have fallen out
Breaking Up the Big Banks Offers a Lot to Like: Barry Ritholtz
published Apr 7th 2017, 10:56 am, by Barry Ritholtz (Bloomberg View) — One of the great misunderstandings about the financial crisis is the role that repealing the Glass-Steagall Act played. This is newly relevant, as there has been interest from White House economic adviser Gary Cohn in restoring the Depression-era
How Terror Threatens to Transform Sweden Amid Calls for Unity
published Apr 9th 2017, 5:00 pm, by Johan Carlstrom (Bloomberg) — One of the world’s most generous refugee destinations is about to learn whether its worst peacetime attack will prove a tipping point in setting immigration policy. For now, Swedes are making a vocal show of defending their open and