Asia Stocks Set to Follow U.S. Down as Oil Swings: Markets Wrap
published Mar 14th 2017, 6:11 pm, by Benjamin Purvis (Bloomberg) — Futures indicated Asia-Pacific equities were set to follow U.S. and European stocks lower ahead of Wednesday’s Federal Reserve decision as oil output disclosures by Saudi Arabia and U.S. stockpiles data whipsawed crude. Oil dropped as much as 2.7 percent
Trump Can Broker `Historic Peace Deal,’ Abbas Tells U.S. Envoy
published Mar 14th 2017, 2:28 pm, by Jonathan Ferziger (Bloomberg) — President Donald Trump can help strike a deal that would end the Israeli-Palestinian conflict, Palestinian Authority President Mahmoud Abbas told the White House’s chief negotiator for Middle East peace talks Tuesday. Abbas told Trump aide Jason Greenblatt that he
The Daily Prophet: Bond Market Havoc Spreads, This Time to Junk
published Mar 13th 2017, 3:30 pm, by Robert Burgess (Bloomberg View) — Saying the U.S. junk bond market has been hot would be an understatement. The securities gained slightly more than 17 percent last year as measured by the Bloomberg Barclays U.S. Corporate High Yield Index, one of its best
Trump Answers Auto Industry Call for Review of $33 Billion Rules
published Mar 13th 2017, 6:35 pm, by John Lippert, Jennifer A. Dlouhy and David Welch (Bloomberg) — When President Donald Trump visits the Detroit area this week, he’ll come bearing a gift: a first step toward relaxing rules that could cost automakers about $33 billion. Trump will announce as part
Flush With Cash, ACLU Trying to Deliver on Anti-Trump Agenda
published Mar 13th 2017, 1:29 pm, by Erik Larson (Bloomberg) — Florida nurse Kim Ambrose, who has a mixed-race teenage daughter and a Cuban-immigrant husband, said President Donald Trump’s treatment of minorities and women inspired her to sign up to pay $10 a month to the American Civil Liberties Union,
Ten Things to Know About the Report Saying Companies Don’t Pay Taxes
published Mar 10th 2017, 8:33 am, by Peter Coy (Bloomberg) — Once health care is tamed, President Donald Trump and Congress will turn to other bears, such as the byzantine U.S. tax code. Conveniently, a new report has come out on legal tax avoidance. The report, from the Institute for
his Obamacare Rule Keeps You Out of the Hospital. Will It Survive?
published Mar 10th 2017, 4:00 am, by Deena Shanker (Bloomberg) — The Republican replacement for the Affordable Care Act, now fighting its way through Congress, removes the individual insurance mandate at the heart of Obamacare and phases out the Medicaid expansion that accounts for millions of the newly insured. One
Truth of Trump’s Wiretap Claim Should Emerge Soon, Lawmakers Say
published Mar 12th 2017, 1:59 pm, by Ben Brody (Bloomberg) — Republican and Democratic lawmakers on Sunday said they still haven’t seen evidence to support President Donald Trump’s unverified claim that his predecessor tapped his phones, but they expect the facts will soon emerge. The comments came a day before
How to Use Trump’s Travel Ban at Business School
published Mar 6th 2017, 10:30 am, by Zara Kessler (Bloomberg) — Politics can be a thorn in the side of companies and universities. Bill Boulding, dean of Duke’s Fuqua School of Business, thinks he can use it to build better leaders. President Donald Trump signed a new executive order on
U.S. Among Worst in World for Red Tape, Sun Life CEO Connor Says
published Mar 9th 2017, 3:49 pm, by Kim Chipman (Bloomberg) — U.S. President Donald Trump’s push to cut “red tape” and simplify relations between companies and the federal government is good for business, according to the chief executive officer of Canada’s Sun Life Financial Inc. “We operate in 24 countries