End of an Era as China’s Love Affair With U.S. Real Estate Fades
published Jul 26th 2016, 5:00 pm, by Lillian Chen and Jacob Gu (Bloomberg) — For David Wong, the business of selling homes isn’t as good this year as it was in 2015, and he’s blaming that on a decline in customers from China. “The residential-property market here, especially for those
The Republican Convention Translated for Liberals: Cass Sunstein
published Jul 22nd 2016, 3:01 pm, by Cass R Sunstein (Bloomberg View) — Many Democrats do not merely disagree with the Republican Party platform and with the speakers at this week’s convention. They may even struggle to understand what they are reading and hearing. That’s a problem for Republican politicians,
Google-Backed Chinese Smartwatch to Go Head to Head With Apple’s
published Jul 25th 2016, 7:00 pm, by Bloomberg News (Bloomberg) — Mobvoi Inc., the Chinese AI startup backed by Google, intends to go toe-to-toe with Apple Inc. when it begins selling its smartwatches in the U.S. in September. The four-year-old startup founded by a coterie of former Googlers is hoping
Nintendo Shares Fall Again After Biggest Drop in 26 Years
published Jul 25th 2016, 7:15 pm, by Yuji Nakamura and Takashi Amano (Bloomberg) — Nintendo Co. posted its worst drop in 26 years Monday after the company poured cold water on the notion that the explosive popularity of Pokemon Go would translate into steady profits. Unfortunately for investors, the worst
*Sanders Demands DNC Chief Quit After Damaging E-Mail Leak
published Jul 24th 2016, 12:46 pm, by Steven T. Dennis and Scott Lanman (Bloomberg) — Bernie Sanders called on Democratic National Committee Chairwoman Debbie Wasserman Schultz to resign Sunday after leaks of e-mails showed committee staffers secretly helping Hillary Clinton. The almost 20,000 e-mails, released on Friday by WikiLeaks, has
The Beginners’ Guide to Brexit: What Have We Learned So Far?
published Jul 24th 2016, 7:00 pm, by Simon Kennedy (Bloomberg) — Britain’s divorce from the European Union is not going to be easy given there is no precedent and no planning was done before the historic referendum result. A bit more than one month on, here’s what we know —
*Obama Says Trump Unprepared; Republican Threatens WTO Pullout
published Jul 24th 2016, 11:19 am, by Mike Dorning (Bloomberg) — Donald Trump’s statement that he wouldn’t necessarily come to the aid of a NATO ally attacked by Russia shows the Republican isn’t ready for the Oval Office, said its current occupant, President Barack Obama. Obama said Sunday that Trump’s
Here’s Where Your Country Ranks on Retirement
published Jul 19th 2016, 8:24 am, by Suzanne Woolley (Bloomberg) — In the retirement security Olympics, it’s a sweep for northern Europe. Norway, Switzerland, and Iceland won the top three spots in Natixis Global Asset Management’s fourth annual ranking (PDF), released on Tuesday. The U.S., with a score of 73
Are Americans Finally Getting Smarter About Money?
published Jul 20th 2016, 6:00 am, by Ben Steverman (Bloomberg) — Over the past decade, Americans got a crash course in money management. The financial crisis and the great recession offered a ton of lessons—the dangers of debt being a big one—while making it impossible to ignore the topic of
Trump Moment of Truth Comes With Speech That Can Alter Race
published Jul 21st 2016, 3:44 pm, by John McCormick (Bloomberg) — Even for a master showman like Donald Trump, Thursday night’s prime-time presidential nomination acceptance speech is a big test. After three days of stumbles at his national convention — capped by a divisive speech by Trump’s top primary campaign