Lucky Number 13: SpaceX Sends Telstar Satellite Into Orbit
published Jul 22, 2018 7:47:51 AM, by Dana Hull and Jim Jia (Bloomberg) — Space Exploration Technologies Corp. launched a satellite for customer Telstar early Sunday, marking the 13th launch of the year for the closely held company led by Elon Musk. SpaceX launched its Falcon 9 rocket carrying the
Europe Shows Unity in Confronting U.S. Trade Policy: G-20 Update
published Jul 22, 2018 2:21:46 PM, by Bloomberg News (Bloomberg) — Finance chiefs from the world’s leading economies met in Buenos Aires at the weekend as trade tensions threaten to undermine the fastest growth in seven years. Finance ministers and central bank chiefs met after U.S. President Donald Trump on
Trump’s Fed Bashing Could Backfire by Stiffening Rate-Hike Resolve
published Jul 19, 2018 11:00:05 PM, by Christopher Condon and Rich Miller (Bloomberg) — President Donald Trump’s extraordinary broadside against the Federal Reserve on Thursday may end up getting him exactly what he doesn’t want: higher interest rates. Confronted with a burst of presidential pressure not seen for decades to
In New Round of Tax Cuts, Retirement Changes Seen as Most Likely to Pass
published Jul 18, 2018 2:46:30 PM, by Laura Davison (Bloomberg) — Republicans are promising a comprehensive second round of tax cuts — but tax changes affecting retirement savings may be the only measures with enough political support to make it through Congress this year. House Ways and Means Chairman Kevin
Trump’s Mixed Messages on Russia Renew Doubts on What He Thinks
published Jul 18, 2018 4:34:14 PM, by Toluse Olorunnipa and Justin Sink (Bloomberg) — President Donald Trump said Wednesday that Russia isn’t currently targeting the U.S., diverging from a public statement his own intelligence director made two days earlier. After a reporter asked during a cabinet meeting whether Russia was
Israel Passes Controversial Nation-State Bill, Haaretz Reports
published Jul 18, 2018 7:16:22 PM, by Zaid Sabah and David Wainer (Bloomberg) — Israel’s Knesset late Wednesday passed a controversial nation-state bill that allows the state to encourage the establishment of communities for Jews only, Haaretz reported on its website. Ahead of the vote, opposition members of the Knesset
Oil Slides After Industry Report Shows Surprise U.S. Stock Build
published Jul 17, 2018 4:12:58 PM, by Jessica Summers (Bloomberg) — Oil dipped after an industry group reported crude inventories in the U.S. climbed higher, when analysts were expecting a decline. Futures in New York edged lower in after-hours trading after the American Petroleum Institute was said to report nationwide
Four States Claim Federal Tax-Deduction Cap Infringes Rights
published Jul 17, 2018 5:02:39 PM, by Erik Larson (Bloomberg) — Four Democratic-led northeastern states sued the Trump administration to invalidate the new $10,000 cap on the federal tax deduction for state and local taxes that they say unfairly targets them. New York, New Jersey, Connecticut and Maryland claim the
Nasdaq Jumps Toward Record and Faangs Gain
published Jul 17, 2018 4:12:42 PM, by Elena Popina and Sarah Ponczek (Bloomberg) — Tech traders who spent the last few days worrying about what Netflix Inc.’s earnings would hold should’ve been thinking about something else: Jay Powell’s congressional testimony. After starting the day in the red after Netflix bombed
Hey, Brexit Fans and Foes, Let’s Have a Talk: Therese Raphael
published Jul 16, 2018 3:19:32 PM, by Therese Raphael (Bloomberg Opinion) — The two sides in the great Brexit debate finally found something they can agree on: hatred of Prime Minister Theresa May’s European Union divorce-settlement plan. A growing number of the combatants even agree on the solution. That would