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
Our Politicos Liked Trump’s Kids. Substance? No: Albert R. Hunt
published Jul 19th 2016, 11:27 pm, by Albert R. Hunt (Bloomberg View) —Two of America’s smartest political strategists are analyzing the Republican National Convention this week for Bloomberg View, giving their perspectives on how the proceedings come across to millions of viewers and voters. They are Fred Davis, who has
Hedge Funds Turn Bullish as China Weathers Slower Growth, Brexit
published Jul 19th 2016, 9:00 pm, by Suzy Waite (Bloomberg) —Springs China Opportunities Fund and Counterpoint Asian Macro Fund join a growing group of hedge funds turning bullish on Chinese shares, which have remained robust even amid a slowing economy and market shocks from Britain’s vote to leave the European Union.
Rich Countries Often Fail to Bolster Well-Being, Boston Consulting Says
published Jul 20th 2016, 6:01 pm, by Josh Robinson (Bloomberg) — With economic growth trending downward globally, many of the world’s largest economies are not converting what growth they have left into an increase in well-being for their citizens, according to a report by the Boston Consulting Group. The SEDA,