Billionaire Alan Howard Is Said to Make Cryptocurrency Bet
published Mar 14, 2018, 12:36:52 PM, by Alastair Marsh and Nishant Kumar (Bloomberg) — Hedge fund billionaire Alan Howard made sizable personal investments in cryptocurrencies last year and plans to put more of his own money into digital assets and the blockchain technology behind them, according to people with knowledge
Trump’s Picks for State, CIA Hit Potential Senate Roadblocks
published Mar 14, 2018, 4:06:52 PM, by Laura Litvan (Bloomberg) — President Donald Trump’s picks for Secretary of State and CIA director are running into potential roadblocks among Republicans in the Senate, suggesting a difficult confirmation process at a time when the administration wants to quickly fill the positions. Senator
Americans May Get Permanent Tax Cut in `Phase Two,’ Kudlow Says
published Mar 14, 2018, 4:29:57 PM, by Toluse Olorunnipa (Bloomberg) — Tax cuts for individuals should be made permanent under ‘phase two’ of an overhaul, according to Larry Kudlow, the incoming White House economic adviser. “Individuals deserve a permanent break,” Kudlow said on CNBC Wednesday following President Donald Trump’s comments
Amazon Is Said to Have Mulled Buying Texture Before Apple Deal
published Mar 13, 2018, 3:17:08 PM, by Alex Barinka (Bloomberg) — Amazon.com Inc. expressed interest in buying Texture before Apple Inc. acquired the digital magazine service, according to a person familiar with the matter. Next Issue Media LLC, owner of Texture, hired investment bank Moelis & Co. in the past
Stocks Decline as Trump Cabinet Turmoil Deepens: Markets Wrap
published Mar 13, 2018, 3:06:17 PM, by Sarah Ponczek (Bloomberg) — U.S. equities fell for the second straight day as markets took in Tuesday’s economic and political news. The 10-year Treasury yield fell while the dollar held steady. While an inflation report reinforced the sense that economic growth is picking
Oil Pares Decline as Industry Data Show U.S. Fuel Inventory Drop
published Mar 13, 2018, 4:43:32 PM, by Milana Vinn (Bloomberg) — Oil reduced its decline after the industry report showed U.S. fuel stockpiles fell last week. Futures in New York narrowed their decline after the American Petroleum Institute was said to have reported distillate inventories sank 4.26 million barrels and
Republicans Ending House Russia Probe Over Democrats’ Objections
published Mar 12, 2018, 7:28:44 PM, by Billy House (Bloomberg) — Republicans who control the House Intelligence Committee ended an investigation into the 2016 presidential election over intense objections from Democrat, saying they found no evidence of collusion between President Donald Trump’s campaign and Russian operatives. The committee’s GOP leaders
Japan Scandal Gives Fresh Boost to Yen Bulls Eyeing 100 Mark
published Mar 12, 2018, 8:05:45 PM, by Masaki Kondo and David Finnerty (Bloomberg) — A deepening political scandal that has rattled Japanese Prime Minister Shinzo Abe’s administration has become a fresh reason for yen bulls to spy a move past 100 per dollar. The stars had already been aligning for
Race to the Moon Still On After Google Drops $20 Million Prize
published Mar 11, 2018, 4:00:11 PM, by Pavel Alpeyev (Bloomberg) — Google called off its race to the moon weeks ago, when it became clear no private explorer would complete the trip by the March 31 deadline. That won’t stop at least three teams from Israel, Japan and the U.S.,
White House Unveils Measures to Keep Schools Safer From Shooters
published Mar 11, 2018, 6:45:00 PM, by Jennifer Epstein (Bloomberg) — President Donald Trump is calling on states to adopt so-called “red flag” laws to allow authorities to take guns from individuals who are determined by a court to be a threat to themselves or others, according to recommendations released