
Facebook Discriminatory Ad Accord Seen as Far From Final Fix
published Jul 24, 2018 5:45:59 PM, by Joel Rosenblatt (Bloomberg) — Facebook Inc. can no longer block minorities or other groups from seeing advertisements, according to an agreement with Washington state. Facebook signed a binding agreement to modify its advertising platform so that third parties can’t discriminate based on ethnicity,

New Yorkers Trying to Flee High State Taxes Find Moving Isn’t So Easy
published Jul 23, 2018, 3:00:00 AM, by Ben Steverman and Simone Foxman (Bloomberg) — Among the wealthy tri-state-area set, there’s more buzz than ever about fleeing south to Florida, land of mild winters and, more importantly after last year’s federal tax overhaul, zero state personal income tax. Actual action? Pretty

Rising Profits Meet Trade Fears as Commodity Producers Report
published Jul 23, 2018, 6:00:00 PM, by Luzi Ann Javier (Bloomberg) — Investors will probably like most of what they see when energy, mining and farm-products companies report earnings for the most recent quarter. It’s the rest of the year they’re worried about. Commodity bellwethers including Exxon Mobil Corp., Freeport-McMoRan

Oil Demand Outlook Clouded by Emerging Economies’ Currency Pain
published Jul 23, 2018, 6:01:11 PM, by Irene Garcia Perez, Prejula Prem and Alex Longley (Bloomberg) — Being an emerging-market economy can be tough when oil prices surge and your currency crumbles. While Brent crude, the global benchmark, has advanced 11 percent this year in dollar terms, it’s gone up

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