Real Estate Costs in Megacities Can’t Go Up Forever: Tyler Cowen
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
Dollar Struggles to Rise Amid Uncertain Fate of Health-Care Bill
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
Mexico’s Top Diplomat Says Nation Can Survive End of Nafta
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.
Our World’s Fragile Cities Need a $78 Trillion Boost
published Mar 23rd 2017, 4:00 pm, by Jeanette Rodrigues (Bloomberg) — More people are living in urban areas than rural, making cities the world’s modern battlegrounds. The urban population is seen rising to 70 percent by 2050 from 55 percent in 2016, and its share of gross domestic product will
Health-Care Providers in Trader Sights Before Obamacare Vote
published Mar 22nd 2017, 3:14 pm, by Joseph Ciolli and Cristin Flanagan (Bloomberg) — Hospital and managed-care stocks are limping into Thursday’s vote on a bill that would repeal parts of the Affordable Care Act. An index tracking U.S. health-care providers slipped as much as 0.6 percent Wednesday, extending its
Attacker Kills Three Near U.K. Parliament Before Being Shot Dead
published Mar 22nd 2017, 4:14 pm, by Thomas Penny, Tim Ross and Robert Hutton (Bloomberg) — London’s worst terror attack in more than a decade left four people dead, including the assailant and the police officer he stabbed, and at least 20 injured. The attack shut down Parliament, leaving hundreds
U.S. Stocks Rebound After Selloff as Technology Shares Advance
published Mar 22nd 2017, 3:39 pm, by Oliver Renick (Bloomberg) — U.S. shares inched forward for the first time in four days as a rally in technology stocks offset losses in phone companies and banks. The S&P 500 added 0.2 percent to 2,348 at 4 p.m. in New York and
Asia Stocks Follow U.S. Selloff While Yen Gains: Markets Wrap
published Mar 21st 2017, 9:54 pm, by Ian Sayson and Harry Suhartono (Bloomberg) — Equities tumbled across Asia after the S&P 500 Index fell the most since Donald Trump’s election, as reflation trades faltered amid uncertainty over prospects for the U.S. president’s policies. The yen strengthened as investors moved toward
North Korea May Have Conducted Failed Missile Launch, Kyodo Says
published Mar 21st 2017, 9:36 pm, by Yuki Hagiwara (Bloomberg) — North Korea may have conducted a missile test on Wednesday morning, Japan’s Kyodo News reported, in what would be the latest provocation from Kim Jong Un’s regime. Intelligence suggests that the launch in the eastern part of North Korea
How Much Can You Cut Taxes? Don’t Ask Kansas: Barry Ritholtz
published Mar 20th 2017, 2:48 pm, by Barry Ritholtz (Bloomberg View) — Here is a sentence I never thought I’d write: Art Laffer is right. I refer specifically to tax incentives. Laffer was recently asked about the mess that is Kansas, and he responded by saying Governor Sam Brownback had