published Feb 7, 2018 5:40:35 PM, by Sonali Basak (Bloomberg) — Allstate Corp. Chief Executive Officer Tom Wilson said the insurer’s $506 million windfall from the U.S. tax overhaul will be used to invest in growth. “First we’re going to put more money into marketing, second we’re going to expand

published Feb 7, 2018 4:42:36 PM, by Shelly Hagan (Bloomberg) — The head of the World Bank compared cryptocurrencies to “Ponzi schemes,” the latest financial voice to raise questions about the legitimacy of digital currencies such as Bitcoin. “In terms of using Bitcoin or some of the cryptocurrencies, we are

published Feb 7, 2018 4:28:22 PM, by Francis Wilkinson (Bloomberg View) — Most Americans don’t think that securing a future for Dreamers, the undocumented immigrants who were brought to the U.S. as children, is worth the price of shutting down the federal government. Is House Democratic leader Nancy Pelosi like most

published Feb 5, 2018 2:44:19 PM, by Ben Steverman and Patrick Clark (Bloomberg) — If exploiting a tax loophole is as much an art as a science, then the tax planning profession is poised for a creative renaissance. The inspiration is the tax law signed by President Donald Trump in

published Feb 6, 2018 12:49:12 PM, by Erik Larson (Bloomberg) — Nearly a dozen states sued the Trump administration for suspending a 2015 rule that was billed as a long-overdue update to the definition of lakes, rivers, streams and wetlands designed to improve protection under the Clean Water Act of

published Feb 6, 2018 1:13:34 PM, by Sarah Ponczek and Kailey Leinz (Bloomberg) — U.S. equity indexes were down heading into the final hours of trading after a tumultuous morning that saw the Dow swing more than 900 points in 25 minutes. The S&P 500 Index plunged as much as

published Feb 5, 2018 7:00:09 PM, by Jack Sidders and Jess Shankleman (Bloomberg) — The link between property and transport has been perhaps the most durable in human history. Since the ancients, few things have delivered higher land values with more certainty than advances in transport, from roads to canals,

published Feb 5, 2018 5:36:11 PM, by Jeff Green (Bloomberg) — At a moment when public attention to sexual harassment is at an all-time high, most workers say they’re still afraid to report misconduct because they fear retaliation or inaction. According to a survey of human resource professionals and their

published Feb 5, 2018 7:55:52 PM, by Adam Haigh (Bloomberg) — Asian stocks plunged for a second day and U.S. stock futures continued to decline after a frantic sell-off in equity markets sent the Dow Jones Industrial Average to its biggest loss in six and a half years Monday. Treasuries

published Feb 3, 2018, 2:09:30 AM, by Jenny Surane and Laura J. Keller (Bloomberg) — A growing number of big U.S. credit-card issuers are deciding they don’t want to finance a falling knife. JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. said they’re halting purchases of Bitcoin