Musk Says ‘Rude Awakening’ Awaits Bearish Goldman Sachs Analyst
published Jun 27, 2018 2:28:34 PM, by Dana Hull (Bloomberg) — Elon Musk sent a companywide email to Tesla Inc. employees pushing back against a Goldman Sachs analyst’s prediction that the carmaker will miss estimates with its crucial Model 3 sedan this quarter. “They are in for a rude awakening
Semiconductor ETF Gets Lots of Cash, But Not for What You Think
published Jun 27, 2018 3:16:22 PM, by Carolina Wilson (Bloomberg) — So much for semiconductor stocks hitting a floor. A record inflow into an exchange-traded fund tracking chipmakers that looked like a bullish signal for the industry actually may have been another bearish beacon for a group that’s had a
Some Rules for the Battle to Replace Kennedy: Stephen L. Carter
published Jun 27, 2018 4:16:05 PM, by Stephen L. Carter (Bloomberg Opinion) — If you’re a Democrat, nothing says “Gotta take back the Senate” like the retirement of Supreme Court Justice Anthony Kennedy, author of the landmark decision legalizing same-sex marriage. The thought of President Donald Trump appointing Kennedy’s replacement
Trade War Hits Stocks as $8 Trillion in Bear Market: Inside EM
published Jun 26, 2018 3:08:10 PM, by Ben Bartenstein and Giulia Morpurgo (Bloomberg) — Stocks in developing nations slumped as heightened concern that a trade war will sap global economic growth put equity gauges worth $8 trillion in a bear market. Currencies also retreated and are heading toward their worst
How to Make Money Off Brazilian Stocks When They Are Sinking
published Jun 26, 2018 1:28:23 PM, by Vinícius Andrade and Carolina Wilson (Bloomberg) — There’s at least one way to make money and bet on Brazilian equities at the same time, even if the Ibovespa is down more than 7 percent this year. Just ask investors in the ProShares UltraShort
The U.S. Is Losing Ground in the Race for Energy Efficiency
published Jun 26, 2018 8:30:14 AM, by Riley Griffin (Bloomberg) — Italy and Germany tied for first place in the worldwide energy-efficiency race, according to a biennial international scorecard released on Tuesday by the American Council for an Energy-Efficient Economy. France, the United Kingdom and Japan followed suit. The United
Half of LGBT Workers Stay Closeted, Unmoved by Diversity Efforts
published Jun 25, 2018 12:03:18 PM, by Jeff Green (Bloomberg) — A little more than half of LGBT workers say they’re comfortable being out at work, according to a study released today by the Human Rights Campaign. It’s roughly the same number as a decade ago, and it calls into
Immigrant Children Forcibly Medicated While in U.S. Custody, Lawyers Say*
published Jun 25, 2018 1:36:55 PM, by Edvard Pettersson (Bloomberg) — Children who allege they’re being detained for crossing the U.S. border without any court oversight and forcibly medicated will have to wait another month for a judge to consider whether the government’s practices violate a 1997 agreement. A federal
Wall Street’s Next Hot Commodity is a $185 Wagyu Steak Sandwich
published Jun 25, 2018 11:50:57 AM, by Kate Krader (Bloomberg) — Don Wagyu, the first restaurant in New York devoted solely to Wagyu beef sandwiches, is located on South William Street in Manhattan’s Financial District, a five-minute walk from the New York Stock Exchange. When it opens on June 27,
Matt Levine’s Money Stuff: Financial Regulation Is Illegal
published Jun 22, 2018 9:55:45 AM, by Matt Levine (Bloomberg Opinion) — Everything is unconstitutional. The Securities and Exchange Commission brings a lot of enforcement actions against a lot of people in its own internal courts. Employees of the SEC’s enforcement division decide to bring a case, and then they