
Apple’s $539 Million in Damages Is a `Big Win’ Over Samsung
published May 24, 2018, 6:35:51 PM, by Joel Rosenblatt and Mark Gurman (Bloomberg) — Apple Inc. won $539 million from Samsung Electronics Co. in the final throes of the companies’ U.S. court struggle over smartphone technology, seven years after the start of a global patent battle. Apple sought about $1

Some States Make the Most Out of This Business Cycle: Justin Fox
published May 23, 2018, 11:00:12 AM, by Justin Fox (Bloomberg Opinion) — With the start of the Great Recession now a little more than a decade behind us, it can be instructive to look back on what has transpired since. I did that with some national economic indicators back in

North Korea Warns of Nuclear Crisis in Threat to Scrap Summit
published May 23, 2018 8:21:50 PM, by Colin Keatinge (Bloomberg) — North Korea again threatened to cancel its planned summit with President Donald Trump next month, saying it was ready for a “nuclear-to-nuclear showdown” if the U.S. didn’t change its approach to the disarmament talks. A top North Korean diplomat

America Can’t Afford Unaffordable Housing: Antonio Weiss
published May 1, 2018 7:00:11 AM, by Antonio Weiss (Bloomberg Opinion) — Housing and Urban Development (HUD) Secretary Ben Carson proposed legislation to make affordable housing “work” by making it stingier. The bill would force low-income households to pay more of their scarce earnings in rent, tripling the rent for

Facebook’s Argument Against a Company Breakup: We Keep You Safe
published May 23, 2018 6:39:37 PM, by Sarah Frier (Bloomberg) — Faced with new questions about whether it’s a monopoly, Facebook Inc. is making a bold argument: owning so many communications platforms helps keep users safe. On Tuesday, the European Parliament asked Chief Executive Officer Mark Zuckerberg whether he should

Humans Hit Back Against Robots Mining Personal Finance Data
published May 22, 2018, 9:02:27 AM, by Silla Brush (Bloomberg) — Regulators are beginning to teach robots who’s the boss. After spending billions of dollars on cutting-edge artificial intelligence technologies, Europe’s banks and insurers face tougher scrutiny of the tools they use to help root out fraud, check borrowers’ creditworthiness

If China Wants More Babies, It Needs #MeToo Moment: Adam Minter
published May 22, 2018, 4:00:17 PM, by Adam Minter (Bloomberg Opinion) — China is home currently to 241 million people over the age of 60, approximately 17 percent of the population. By 2050, the elderly will number around 500 million and account for more than one-third of the population. According

Amazon’s AI Facial Recognition for Police Draws Ire of ACLU
published May 22, 2018, 6:34:07 PM, by Spencer Soper and Joshua Brustein (Bloomberg) — Amazon.com Inc. drew the ire of the American Civil Liberties Union on Tuesday over a facial-recognition system offered to law-enforcement agencies that the advocacy group says can be used to violate civil rights. In marketing materials

Who Is John Galt? Ken Moelis Has 1,000,000,000 Answers
published Apr 30, 2018, 8:33:24 AM, by Sonali Basak and Tom Metcalf (Bloomberg) — Few bank CEOs ever become billionaires. Jamie Dimon did. So did Lloyd Blankfein. And then there’s Ken Moelis, a power dealmaker few people outside Wall Street have probably heard of. Since taking his boutique investment bank

N.J. $2.4 Billion Short Without Murphy Taxes, Treasurer Says
published May 21, 2018, 3:22:23 PM, by Elise Young (Bloomberg) — New Jersey Treasurer Elizabeth Muoio said structural budget troubles are accelerating, and the state is on track for a $2.4 billion deficit if tax increases aren’t in place for the fiscal year that starts July 1. The shortfall endangers