
Trump Tells Wall Street Journal Tariffs Will Revive U.S. Steel Industry
published Aug 15, 2018, 9:58:11 PM, by Jennifer Epstein (Bloomberg) — President Donald Trump believes his tariffs on steel will rescue the industry and is still considering an interview by Special Counsel Robert Mueller’s team, he said in an interview Wednesday with the Wall Street Journal. People may complain that

A New Home for $90,000? Manufactured Housing Is Making a Comeback
published Aug 16, 2018, 4:00:00 AM, by Jeremy Hill (Bloomberg) — While others walked away from manufactured homes, Don Glisson Jr. stuck around. He’s seen the industry’s ups and downs in his 36 years working at Triad Financial Services, the third-biggest lender to buyers of factory-made houses in the U.S.

Rich Professionals Are Using Pension Plans as a Tax Dodge
published Aug 15, 2018, 10:11:20 AM, by Ben Steverman (Bloomberg) — There’s one area where the traditional pension plan is getting new life — as a tax dodge for wealthy business owners. Pensions, also known as defined-benefit plans, can be used by doctors, law partners and wealth managers to stash

Market Sell-Off Misery May Have a Silver Lining: Robert Burgess
published Aug 15, 2018, 3:35:07 PM, by Robert Burgess (Bloomberg Opinion) — It’s hard for investors to be optimistic on a day like Wednesday. Global equities fell to their lowest level in more than a month as emerging-market stocks stood on the cusp of a bear market, tumbling 19.6 percent

Copper Tumbles Into a Bear Market
published Aug 15, 2018, 6:00:00 PM, by Susanne Barton (Bloomberg) — Copper plunged into a bear market as concerns mount that Turkey’s financial crisis and the U.S.-China trade spat will stymie global economic growth. The red metal for delivery in three months fell 4 percent to settle at $5,801 a

Good Ideas Are Also an Important U.S. Export: Tyler Cowen
published Aug 14, 2018, 10:30:17 AM, by Tyler Cowen (Bloomberg Opinion) — If you are a believer in free markets, you might be tempted to be pleased by some of the more positive policies of the Trump administration: lower corporate tax rates, more market-friendly judges, a greater emphasis on deregulation.

Apple Looks to Services to Move Beyond iPhone Price Ceiling
published Aug 1, 2018, 9:54:26 AM, by Mark Gurman (Bloomberg) — Apple Inc. investors have wondered for years what comes after the iPhone. The answer is a growing collection of services and accessories that increasingly rely on the device, rather than replace it. The latest quarterly results confirmed that Apple

Two of Tesla’s Largest Holders Cut Stakes by More Than 20%
published Aug 14, 2018, 4:14:06 PM, by Miles Weiss (Bloomberg) — Fidelity Investments and T. Rowe Price Group Inc., two of the largest investors in Tesla Inc., disclosed that they each cut their stakes in the electric automaker by more than 20 percent. The moves came in the second quarter,

Active Money Management Isn’t Going to Disappear: Barry Ritholtz
published Aug 13, 2018, 5:00:12 AM, by Barry Ritholtz (Bloomberg Opinion) — There’s a line of argument in the financial press that suggests that active money management is dying, a victim of high fees and underperformance versus low-cost indexing that captures average market returns. Newsflash: This is anything but the

How Emerging-Market Investors Are Playing Turkey’s Crisis
published Aug 13, 2018, 6:00:01 PM, by Paul Wallace and Netty Ismail (Bloomberg) — As emerging markets take a battering from Turkey’s turmoil, sending stocks and bonds toward their lowest this year, traders are positioning themselves to ride out the pain. Traders pushed down the value of emerging market assets