published Nov 14th 2016, 6:00 am, by Ben Steverman (Bloomberg) —For wealthy Americans, the outcome of the 2016 election could be lucrative. Democratic candidate Hillary Clinton proposed hiking their taxes. Donald Trump, her Republican rival and now the president-elect, proposed the opposite: $6.2 trillion in tax cuts over the next decade,

published Nov 16th 2016, 12:51 pm, by Jamie Butters (Bloomberg) —For more and more consumers, the decision to buy a new car quickly becomes a choice to buy some kind of sport utility vehicle. As this year’s Los Angeles Auto Show demonstrates, automakers are rushing to feed that demand, especially given signs

published Nov 16th 2016, 12:37 pm, by Ladane Nasseri (Bloomberg) —Iran expects U.S. President-elect Donald Trump to display “more rationality” after he steps into the White House, a senior official in Tehran said, downplaying the alarmed reactions to his win as “temporary phenomena.” “What has been said before the election

published Nov 15th 2016, 12:56 pm, by Matt Townsend (Bloomberg) — Even after posting better-than-estimated sales last quarter, Home Depot Inc. declined to raise its annual revenue forecast, a sign that Americans’ zeal for remodeling their homes may be cooling. While sales climbed 6.1 percent in Home Depot’s fiscal third

published Nov 15th 2016, 5:59 pm, by Vincent Bielski and Miles Weiss (Bloomberg) — Jeffrey Gundlach, co-founder of DoubleLine Capital, said the stock market is in for a “bumpy ride” as expectations are dashed that President-Elect Donald Trump can quickly spur growth. Gundlach, who first predicted the outcome of the

My son and I went to a Boy Scout toy boat race called the Rain-gutter Regatta. He did not win after two attempts and was very upset. I was very sad to see him sad and I wondered what to say to him to make him feel better. Thankfully, he

published Nov 15th 2016, 6:37 pm, by Lynnley Browning (Bloomberg) — House Republicans are talking with President-elect Donald Trump’s transition team about how to fashion the biggest U.S. tax overhaul in three decades, the chairman of the House Ways and Means Committee says. “We’re talking to the Trump team about

published Nov 14th 2016, 4:01 pm, by Natasha Doff and Liau Y-Sing (Bloomberg) — Emerging markets extended losses, threatening the best annual rally since 2012, as the dollar’s strength cut demand for riskier assets in the wake of Donald Trump’s U.S. presidential election victory. The Turkish lira, Russia’s ruble and

published Nov 9th 2016, 1:25 pm, by Suzanne Woolley (Bloomberg) — Financial planner Timothy LaPean is watching a wave of fear and confusion sweep over clients after Donald Trump’s stunning election as U.S. president. They aren’t just freaking out about their investments. In a sign of the impact of Trump’s

published Nov 14th 2016, 6:38 pm, by Mike Dorning (Bloomberg) — President Barack Obama said Donald Trump told him he can assure European leaders the U.S. won’t back off its commitments to the NATO alliance under the Republican president-elect. Obama also said during an hour-long news conference on Monday that