
You Need $2.4 Million to Be Considered Wealthy in America
published May 15, 2018, 6:00:12 AM, by Suzanne Woolley (Bloomberg) — Many Americans cite leading a stress-free life and having “peace of mind” as their personal definition of wealth. That doesn’t sound too money-centric on the face of it—until you consider that money, or specifically the lack of it, is

North Korea Threatens to Scrap Trump Summit Over Military Drills
published May 15, 2018, 6:57:38 PM, by Andy Sharp, Nick Wadhams and Kanga Kong (Bloomberg) — North Korea abruptly canceled talks with South Korea and warned the U.S. to “think twice” about the fate of President Donald Trump’s planned meeting with Kim Jong Un next month, tamping down hopes of

Investors Cut Apple Holding by Most Since at Least ’08
published May 15, 2018, 7:09:29 PM, by Elena Popina (Bloomberg) — Institutional investors haven’t been this skeptical on Apple Inc. since at least the financial crisis. They reduced their holdings in the iPhone maker by about 153 million shares in the first three months of the year, an analysis of

Tech Is in Vogue Again, And Here Are Some ETF Flows to Prove It
published May 14, 2018 12:11:59 PM, by Sarah Ponczek and Carolina Wilson (Bloomberg) — Investors are once again warming up to the year’s hottest sector — technology. Even after regulatory and demand concerns cast a shadow over the industry, the S&P 500 Information Technology Index remains the best performer of

This ETF Is Flashing a Buy Sign for Emerging-Market Dollar Bonds
published May 14, 2018 1:49:04 PM, by Carolina Wilson and Aline Oyamada (Bloomberg) — Call it a hate-love relationship. Investors are piling into the biggest proxy for emerging-market hard currency bonds, barely a month after they were spooked into a selloff by the strengthening dollar. The iShares J.P. Morgan USD

All We Are Saying Is Give Trade Peace a Chance: Mark Gongloff
published May 14, 2018 3:29:45 PM, by Mark Gongloff (Bloomberg Opinion) — Welcome to Bloomberg Opinion Today, an afternoon roundup of our opinions on business, politics, markets, technology and more. New subscribers can sign up here. ICYMI Stocks meandered. Gaza burned. Melania Trump had kidney surgery. Trade Peace Breaks Out

Mormons’ Breakup With Boy Scouts Is Disappointing: Noah Feldman
published May 13, 2018, 2:25:43 PM, by Noah Feldman (Bloomberg Opinion) — Don’t be fooled by the superficially amicable split between the Boy Scouts of America and the Church of Jesus Christ of Latter-day Saints. The breakup, in fact, reflects a long festering period of incompatibility and will have consequences

Defying 50-Year Taboo, Palestinians Run for Jerusalem Elections
published May 13, 2018, 4:00:01 PM, by Gwen Ackerman and Fadwa Hodali (Bloomberg) — At Jerusalem’s Al Aqsa mosque, it was seen as a worrisome enough development for the preacher to send up an alarm. “Don’t try to change the identity of the holy city,” Ismail Nawahda exhorted. What had

Emerging Markets Watch Fed, Not ‘Decoupled’ at All: Daniel Moss
published May 13, 2018, 4:00:16 PM, by Daniel Moss (Bloomberg Opinion) — Chairman Jerome Powell wants us to know that the Federal Reserve isn’t to blame for the sell-off in emerging markets. Perhaps it isn’t. But the Fed has been spotted in the vicinity. The connection between emerging markets and

Stocks Jump as Dollar Tumbles on Tame Inflation: Markets Wrap
published May 10, 2018 3:02:31 PM, by Sarah Ponczek (Bloomberg) — U.S. stocks rallied to a seven-week high while the dollar sank after a weak inflation reading signaled the Federal Reserve won’t need to step up the pace of interest-rate increases. Chipmakers paced gains in major American equity benchmarks, while