Trump May Have Wrong Asian Currency in His Crosshairs
published Dec 12th 2016, 4:00 pm, by Rich Miller (Bloomberg) —President-elect Donald Trump has accused China of ripping off the U.S. on trade and threatened to brand the country a currency manipulator soon after taking office. Yet economists say his new best bud and China nemesis, Taiwan, is much better
Trump Said to Postpone Announcement on Future of Businesses
published Dec 12th 2016, 6:33 pm, by Kevin Cirilli, Caleb Melby and Ben Brody (Bloomberg) —President-elect Donald Trump is postponing until next month a previously announced news conference to outline how he’ll handle his far-flung business operations while in the White House, according to senior Trump transition officials. Trump had
Saudi Minister Jolts Oil Market With ‘Whatever It Takes’ Moment
published Dec 11th 2016, 1:56 pm, by Javier Blas, Elena Mazneva and Angelina Rascouet (Bloomberg) —Saudi Oil Minister Khalid al-Falih emerged from the OPEC meeting room on Saturday evening having endured months of secret petro-diplomacy, late-night phone calls and, a few times, disagreements that almost saw talks collapse. But he
Sears Was Transformative; May It Die With Dignity: Megan McArdle
published Dec 9th 2016, 10:35 am, by Megan McArdle (Bloomberg View) — Listening to a Sears earnings call in 2016 is like realizing that the twinkling light you’re admiring in the night sky is from a star that died 50 years ago. Sears Holdings Corp. lost $748 million last quarter
Alphabet’s Page, Schmidt Said to Attend Trump Tech Meeting
published Dec 11th 2016, 11:28 am, by Mark Bergen (Bloomberg) — President-elect Donald Trump’s sit down with technology titans next week will have two marquee attendees: Alphabet Inc.’s Larry Page and Eric Schmidt. Page, chief executive officer of the Google parent company, and Schmidt, the chairman, plan to be at
Americans Dream of a Christmas That Doesn’t Put Them in Debt
published Dec 5th 2016, 11:01 pm, by Jeanna Smialek (Bloomberg) — It’s the most wonderful time of the year, and if you’re a typical American, it’ll cost you about $728. That’s how much the average U.S. adult who planned to buy holiday presents expected to spend in 2015. How they
The Left’s Doomed Effort to Coerce the Right: Megan McArdle
published Dec 2nd 2016, 1:07 pm, by Megan McArdle (Bloomberg View) — That faux controversy over at Buzzfeed has been put to rest. An article this week asked whether Chip and Joanna Gaines — co-hosts of one of those HGTV renovation shows where you start with a falling down wreck
John Glenn, First U.S. Astronaut to Orbit Earth, Dies at 95
published Dec 8th 2016, 3:28 pm, by Dan Hart (Bloomberg) — John Glenn, who was celebrated as a national hero after becoming the first U.S. astronaut to orbit Earth and went on to serve 24 years in the Senate and seek the presidency, has died. He was 95. He died
A Republican Corporate Tax Plan Liberals Can Like: Noah Smith
published Dec 6th 2016, 7:22 am, by Noah Smith (Bloomberg View) — Few are paying attention, but a proposal now working its way through Congress could change the U.S.’s whole approach to trade, industrial policy and taxation. The plan would exempt income earned on exports from corporate taxation. Today, corporations
Can You Beat the Credit-Card Rewards Programs at Their Own Game?
published Dec 7th 2016, 9:49 am, by Ben Steverman (Bloomberg) — Shortly before Thanksgiving, Nathan Lundquist, a 22-year-old senior at Auburn University, was sitting in the Delta Air Lines lounge in the Atlanta airport, pondering his next credit card. In blogs and online forums in which “churners” obsess over credit-card