Future of Big Oil Increasingly Shaped by the Fate of Global Gas
published Jun 24, 2018 6:00:00 PM, by Kevin Crowley and Kelly Gilblom (Bloomberg) — Big Oil’s fortunes are becoming tied more closely to natural gas than ever before. Majors including Royal Dutch Shell Plc and BP Plc have boosted their proportion of gas output in recent years, helping them trim
Europe Vows to Keep Fighting Trump on Trade, Seeing Risk to WTO
published Jun 24, 2018 6:00:02 PM, by Richard Bravo and Nikos Chrysoloras (Bloomberg) — President Donald Trump’s aggressive approach to recasting U.S. partnerships and his direct assault on the World Trade Organization will unwind decades of progress and return global commerce to a free-for-all, according to an internal European Union
If You’re A Facebook User, You’re Also a Research Subject
published Jun 21, 2018 12:13:05 PM, by Karen Weise and Sarah Frier (Bloomberg) — The professor was incredulous. David Craig had been studying the rise of entertainment on social media for several years when a Facebook Inc. employee he didn’t know emailed him last December, asking about his research. “I
Internet Sales Tax Switch Is Good Policy, Wrong Way: Justin Fox
published Jun 21, 2018 12:49:03 PM, by Justin Fox (Bloomberg Opinion) — In the early days of the internet, online retailers were able to take advantage of a tax shelter that exempted them from sales taxes in states in which they did not have a physical presence. They used this
Melania Trump Visits Immigration Detention Center in Texas
published Jun 21, 2018 12:56:42 PM, by Margaret Talev and Shannon Pettypiece (Bloomberg) — First Lady Melania Trump made an unannounced visit to Texas on Thursday to meet with immigrants detained by the U.S. government, a trip her staff said she planned herself out of concern over how her husband’s
Cashed-Up Grannies Splurging on Grandkids Boost Japan’s Economy
published Jun 13, 2018 3:00:00 PM, by Yuko Takeo (Bloomberg) — Mikayo Taguchi loves splurging on her grandkids and children, whether for clothes or sporting goods or family outings. In Japan, that generosity matters — boosting demand by tens of billions of dollars each year. “Those who are grandmothers and
Brains Behind ETF-Industry ETF to Help Others Get in on the Game
published Jun 20, 2018 8:52:01 AM, by Rachel Evans (Bloomberg) — The man behind a very meta ETF is doubling down on exchange-traded funds. Michael Venuto, chief investment officer of Toroso Investments — a New York-based consultant, asset allocator and sub-adviser, as well as the index provider for the ETF
With Great Wealth Comes a Great Divide in Social Consciousness
published Jun 12, 2018 1:00:15 PM, by Suzanne Woolley (Bloomberg) — Impact investing—putting money to use with an eye not just on financial returns but on bringing about social or environmental change—is a hot topic. It may also be a divisive topic among different generations of wealth, according to a
Fidelity Cuts Target-Date Fund Fees as Competition Heats Up
published Jun 15, 2018 2:05:45 PM, by Charles Stein (Bloomberg) — Fidelity Investments, which has been cutting prices to compete with low-cost rivals such as Vanguard Group and Charles Schwab Corp., is trimming fees on the target-date index funds it sells to retirement plans and rolling out new offerings that
Million-Dollar Box Conjures Up a Fortune for Bitcoin Visionary
published Jun 18, 2018 9:00:10 PM, by Ilya Khrennikov (Bloomberg) — A former New York hedge-fund titan deployed his giant, million-dollar BlockBoxes to Canadian tar-sands country. A Chinese fintech pioneer runs his off of hydropower in the Caucasus. A rich Russian with ties to the Kremlin keeps his in a