Move Over Millennials, It’s Gen Z’s Turn to Kill Off Industries
published Aug 8, 2018, 3:37:23 PM, by Riley Griffin (Bloomberg) — Millennials have been accused of killing so many products and industries—taxis, landlines, snail mail—that it’s become a media trope. But millennials are old news. Today, businesses and marketers are desperately anticipating the murderous whims of Gen Z, the demographic
Thumbs Up to Trump Plan to Limit China Tech Deals: Noah Smith
published Aug 8, 2018, 5:00:15 PM, by Noah Smith (Bloomberg Opinion) — Suppose a Chinese electric carmaker wants to win market share by selling cars with the best cutting-edge battery technology. How does it get that technology? It can hire some engineers, build a lab and try to develop it
Insider Trading Charges Make N.Y. House Race More Competitive
published Aug 8, 2018, 5:25:41 PM, by Anna Edgerton and Erik Wasson (Bloomberg) — The indictment of Republican Representative Chris Collins doesn’t give Democrats an automatic shot at flipping his upstate New York district but it likely will force the GOP to invest more to try to hold what should
Matt Levine’s Money Stuff: Crypto Pumps Are Just for Fun
published Aug 6, 2018, 9:45:43 AM, by Matt Levine (Bloomberg Opinion) — Crypto pump-and-dumpery. The word “unregulated” has a sort of strange usage in finance. Hedge funds, for instance, are often referred to as “unregulated,” which their compliance teams must find frustrating. Everything is regulated. Hedge funds are not subject to the same
U.S. Midterms Pose Big Risk for Markets, Standard Chartered Says
published Aug 7, 2018, 4:25:24 PM, by Lananh Nguyen (Bloomberg) — Investors had better start paying more attention to November’s U.S. midterm elections, according to Standard Chartered Plc. As the campaign for control of Congress enters a crucial phase, Republicans defending seats in some of the most competitive races in
NRA Says It’ll Spend at Least $1 Million on Pro-Kavanaugh Ads
published Aug 7, 2018, 2:02:59 PM, by Polly Mosendz (Bloomberg) — The National Rifle Association says it’ll spend at least $1 million on television ads urging the confirmation of Brett Kavanaugh to the Supreme Court in states represented by four vulnerable Democratic senators and a Republican considered a key vote
Facebook Shares Rise on Optimism for Banking Relationships
published Aug 6, 2018, 5:16:11 PM, by Sarah Frier and Jenny Surane (Bloomberg) — Facebook Inc.’s shares rose on optimism that the company is forging deeper relationships with banks to offer customer-service products via its Messenger chat application, a business that could boost engagement as growth slows on its main
The Ethics of Making Welfare Recipients Work: Michael R. Strain
published Aug 1, 2018, 8:00:13 AM, by Michael R. Strain (Bloomberg Opinion) — The wisdom of work requirements in safety-net programs for low-income Americans is being hotly debated in the U.S. Congress, state capitols and policy circles. In the coming weeks, Congress might expand work requirements in the Supplemental Nutrition
How to Make the Global Economy Work for All: Lawrence H. Summers
published Aug 6, 2018, 5:00:11 PM, by Lawrence H. Summers (Bloomberg Opinion) — Since the end of World War II, a broad consensus in support of global economic integration as a force for peace and prosperity has been a pillar of the international order. Since the fall of the Berlin
How Emerging Markets Can Rally as the Fed Lifts Rates: Shuli Ren
published Aug 6, 2018, 5:00:15 PM, by Shuli Ren (Bloomberg Opinion) — A U.S. 10-year bond yield at 5 percent? Emerging markets positioned for any such possibility are being handsomely rewarded. Over the last month, Indonesia and the Philippines were among the world’s best-performing stock markets, with the Jakarta Composite