Hated by Many, Distressed Debt Brawler Isn’t About to Back Down
published Jun 4, 2018 3:00:01 PM, by Tiffany Kary, Katia Porzecanski and Sridhar Natarajan (Bloomberg) — Mark Brodsky knows the nasty things the haters say about him. Things like he’s a bully. An extortionist. A hedge-fund vulture. But suggest that he’s litigious, and his eyes widen. “If anyone calls us
North Korea’s Nuclear Progress Led Kim to Talks, Clapper Says
published Jun 4, 2018 4:06:04 PM, by Tony Capaccio, Chris Strohm and Shannon Pettypiece (Bloomberg) — North Korean leader Kim Jong Un’s decision to sit down with the U.S. was fueled by his regime’s view that it made significant achievements in its nuclear weapons program and would no longer be
Matt Levine’s Money Stuff: Broker Robots Will Calm Your Panic
published May 30, 2018 9:33:25 AM, by Matt Levine (Bloomberg Opinion) — Morgan Stanley has some computers. One argument that you sometimes hear for flesh-and-blood human financial advisers is that, in times of market panic, when customers are desperate to sell, those human advisers can calm them down and keep
Why Buy a Car When You Can Subscribe to One?: Nathaniel Bullard
published Jun 1, 2018 1:00:12 PM, by Nathaniel Bullard (Bloomberg Opinion) — Venture capital investor and longtime technology observer Mary Meeker has published her annual Internet Trends presentation — 294 slides this year, including a section on transportation. There’s a useful finding on slide 128: What Americans spend on purchasing
China Opens Europe Charm Offensive as Trump Stokes Trade Dispute
published Jun 3, 2018 5:01:00 PM, by Keith Zhai and Peter Martin (Bloomberg) — China is reaching out to Europe with pledges to improve market access for companies in a charm offensive that contrasts with President Donald Trump’s escalation of trade disputes worldwide. China’s ambassador to the European Union, Zhang
Outrage Over U.S. Steel Tariff Set to Spill Over Into G-7 Meet
published May 31, 2018 4:22:16 PM, by Theophilos Argitis, Natalie Obiko Pearson and Andrew Mayeda (Bloomberg) — Global finance chiefs from the U.S.’s closest allies are promising to give Treasury Secretary Steven Mnuchin an earful this week after the Trump administration imposed steel and aluminum duties that sparked swift trade
For New Graduates, an Honor Code for Life: Michael R. Bloomberg
published May 12, 2018 9:42:16 AM, by Michael R. Bloomberg (The Bloomberg View) — The following is an adaptation of an address to Rice University’s class of 2018. When I was deciding what I wanted to say today, I kept thinking about a Rice tradition that’s an incredibly important part
Allies Strike Back, Tight U.S. Jobs, Fed’s Rate Path: Eco Day
published May 31, 2018 6:54:11 PM, by Michael Heath (Bloomberg) — Happy Friday, Asia. Here’s news from Bloomberg Economics to help get your day started: America’s closest allies plan to slap billions of dollars in tit-for-tat tariffs on U.S. goods after the Trump administration announced it’s imposing steel and aluminum
Only Bipolar Disorder Can Explain These Markets: Robert Burgess
published May 30, 2018 3:35:05 PM, by Robert Burgess (Bloomberg Opinion) — The Great Italian Crisis of 2018 lasted all of one day, at least judging by the financial markets. On Tuesday, investors were in full panic mode over the notion that Italy’s political situation had deteriorated to the point
Trump Helping More Than Double U.S. Solar Capacity With Tariffs
published May 30, 2018 6:01:01 PM, by Brian Eckhouse and Christopher Martin (Bloomberg) — President Donald Trump wanted more U.S. solar manufacturing — and now he’s getting it. Hanwha Q Cells Korea on Wednesday said it will build a factory in Georgia. JinkoSolar Holding Co. of China is planning one