Nike’s Controversial Kaepernick Ad Wins Kanye West’s Approval
published Sep 10, 2018, 5:56:58 PM, by Rita Devlin Marier (Bloomberg) — After a tense week, where Nike lost $4.2 billion from its market capitalization after releasing a new ad campaign featuring the controversial football quarterback-turned-activist Colin Kaepernick, the company’s share price has mostly recovered. Moreover, it gained a new
Ritholtz’s Reads: Value Investing, Hard Lessons and Being Lucky
published Sep 4, 2018, 6:56:10 AM, by Barry Ritholtz (Bloomberg Opinion) — Welcome to September! It’s our Tuesday morning train reads: The Next Financial Crisis Lurks Underground (New York Times); see also Flood of Sand Points to Shakeout for Shale Suppliers (Wall Street Journal) The Bad and Good News for
Bitcoin Tracker One and Ether Tracker One Suspended by U.S. SEC
published Sep 9, 2018, 6:07:10 PM, by Jesse Westbrook (Bloomberg) — The U.S. Securities and Exchange Commission temporarily suspended trading in two securities linked to cryptocurrencies on Sunday, citing investor confusion regarding the assets. The halted securities are Bitcoin Tracker One and Ether Tracker One, the regulator said in a
The Rupee Is Falling and India Should Let It: Ila Patnaik
published Sep 9, 2018, 7:04:11 PM, by Ila Patnaik (Bloomberg Opinion) — The Indian rupee has been sliding against the U.S. dollar in recent days as emerging markets come under pressure. That’s made the currency one of Asia’s worst performers, losing 12 percent this year. The rupee’s latest moves have
Asian Stocks Face More Losses; Treasuries Climb: Markets Wrap
(Bloomberg) — Asian stocks looked set to end the week with declines following losses for U.S. technology shares and gains in Treasuries and the yen, amid ongoing concerns about global trade and emerging markets. Futures signaled losses in Japan, China, Hong Kong and Australia. The Nasdaq fell for a third
Twitter Bans InfoWars’s Alex Jones for Abusive Behavior
published Sep 6, 2018 4:09:46 PM, by Selina Wang (Bloomberg) — Twitter Inc. permanently suspended conspiracy theorist Alex Jones and the account for his InfoWars website, saying content Jones posted Wednesday violates the company’s abuse and harassment policies. “Today, we permanently suspended @realalexjones and @infowars from Twitter and Periscope,” the
Kavanaugh Says No Inappropriate Talks on Mueller: Hearing Update
published Sep 6, 2018 5:00:05 PM, by Laura Litvan and Greg Stohr (Bloomberg) — Supreme Court nominee Brett Kavanaugh is being questioned for a second day Thursday by members of the Senate Judiciary Committee after a marathon session a day earlier. Here are the latest developments on President Donald Trump’s
These Are the World’s Laziest Nations
published Sep 5, 2018, 6:24:29 PM, by Hans Lee and Alyssa McDonald (Bloomberg) — One in four people don’t get enough exercise, according to a report from the World Health Organization. In the survey of 168 nations, Uganda came in first as the most energetic, with Kuwait in last place.
Tech Companies Need `Relentless’ Customer Focus, GIC’s Lim Says
published Sep 5, 2018, 8:23:30 PM, by Klaus Wille and Haslinda Amin (Bloomberg) — Technology companies need a “relentless” focus on customer value to flourish, the chief executive officer of Singapore’s sovereign wealth fund said. “Business enterprises ultimately succeed or fail on whether they deliver customer value,” GIC Pte CEO
Emerging-Market Contagion Fear Sparks Deepening Rout: Inside EM
published Sep 4, 2018, 3:18:42 PM, by Bloomberg News (Bloomberg) — Emerging markets sold off anew Tuesday as South Africa entered a recession and Indonesia’s rupiah joined currencies from Turkey to Argentina in tumbling toward record lows, reinforcing concern that contagion risks are too big to ignore. MSCI Inc.’s index