Personal Loans Surge to a Record High
published Jul 3, 2018 11:28:58 AM, by Hannah Levitt (Bloomberg) — Heather Turner and her husband needed a few thousand dollars to jump-start the adoption of a teenager from Ukraine, and their timing was good: Lenders led by online firms have opened the spigot for personal loans, even if it
More Americans Used Subsidies to Buy Obamacare Plans Than in ’14
published Jul 2, 2018 2:57:43 PM, by Drew Armstrong (Bloomberg) — The share of people who got government assistance to buy private health-insurance coverage has been rising since the start of Obamacare, according to a report released Monday. More than 8 million people in the U.S. got subsidies to help
How Auto Companies Are Blasting Trump’s Imports Investigation
published Jul 2, 2018 6:00:00 PM, by Sarah Gardner, John Lippert and Gabrielle Coppola (Bloomberg) — Two words sum up how auto companies are portraying the future if the Trump administration determines that car imports are a national security threat and slaps imported vehicles and parts with tariffs: doom and
May in One-to-One Talks With Feuding Cabinet on Brexit Blueprint
published Jul 2, 2018 6:16:21 PM, by Tim Ross (Bloomberg) — Theresa May is holding one-to-one talks with cabinet ministers in an attempt to win their support for her Brexit plan after surprising them with a new proposal for a customs deal with the European Union, people familiar with the
Trump May or May Not Want to Postpone Nafta Move Until U.S. Vote
published Jul 1, 2018 12:35:07 PM, by Ros Krasny (Bloomberg) — President Donald Trump said Sunday he wants to wait until after the election to finalize a new deal on the North American Free Trade Agreement — but it wasn’t clear whether he meant the U.S. midterms in November, or
How to Avoid Poverty After Making $650 Million: Barry Ritholtz
published Jun 29, 2018 11:35:39 AM, by Barry Ritholtz (Bloomberg Opinion) — The 1980s television series “21 Jump Street” launched Johnny Depp’s acting career; “Edward Scissorhands,” director Tim Burton’s dark Gothic fairy tale, made him a movie star. But it was Disney’s “Pirates of the Caribbean” movies that made him
Trump Tweets, Saudis Scramble: Here’s How the U.S. Steers OPEC
published Jul 1, 2018 4:00:00 PM, by Mohammed Aly Sergie (Bloomberg) — The U.S. isn’t a member of OPEC, a cartel that’s anathema to the free-market capitalism of the world’s biggest economy. Yet presidents have long pressured its top producer Saudi Arabia to adjust oil production policies, usually to lower
Supreme Court Blocks California Pregnancy-Clinic Disclosure Law
published Jun 26, 2018 10:26:41 AM, by Greg Stohr (Bloomberg) — A divided U.S. Supreme Court blocked a California law that imposed disclosure requirements on anti-abortion pregnancy centers, saying the measure probably violates the clinics’ speech rights. Under the measure, which took effect in 2016, licensed pregnancy centers have to
One of the World’s Hottest Short Sellers Is Changing Tactics
published Jun 28, 2018 6:01:06 PM, by Tom Redmond (Bloomberg) — Earlier this month, Soren Aandahl scored one of his biggest victories as a short seller when he dramatically took down the leader of a world-famous brand. In some ways, the resignation of Samsonite International SA’s chief executive officer after
Pence Defends Zero Tolerance Toward Central American Immigrants
published Jun 28, 2018 8:02:45 PM, by Margaret Talev (Bloomberg) — Vice President Mike Pence defended the Trump administration’s controversial “zero tolerance” immigration policy on Thursday, countering a public uproar as thousands of children were separated from their parents after illegally crossing the southern U.S. border. Pence, speaking in an