Cryptocurrency Markets Aren’t All the Same: Leonid Bershidsky
published Jan 21, 2018, 4:00:10 PM, by Leonid Bershidsky (Bloomberg View) — There’s a compelling reason to consider what’s going on with cryptocurrencies a purely speculative boom-and-bust roller-coaster: Over a three-month period, the prices of all the top coins and tokens are rather strongly correlated, going up and down in
Trump to Protect Religious Health Workers Who Oppose Abortion
published Jan 18, 2018, 1:13:54 PM, by Zachary Tracer and Ivan Levingston (Bloomberg) — The Trump administration is moving to protect health-care workers who object to providing certain treatments, such as abortion or sterilization, for moral or religious reasons. The civil-rights office at the Department of Health and Human Services is
Saudi Arabia Says There’s No Evidence It Aided 9/11 Plot
published Jan 18, 2018, 3:44:32 PM, by Bob Van Voris (Bloomberg) — Saudi Arabia asked a U.S. judge to throw out lawsuits claiming it helped al-Qaeda carry out the Sept. 11 terrorist attacks, arguing the victims haven’t provided any evidence to back their cases. Michael Kellogg, a lawyer for the
Poland’s President Thanks Trump for Battling `Fake News’
published Jan 18, 2018, 8:53:07 AM, by Wojciech Moskwa (Bloomberg) — Poland’s President Andrzej Duda thanked U.S. counterpart Donald Trump for fighting fake news, saying that his country’s leaders are also the victim of false reports accusing them of undermining democracy and the rule of law. “President Trump just stressed
U.S. Travel Industry Unites to Fight Decline in Foreign Tourism
published Jan 17, 2018, 4:12:07 PM, by Justin Bachman (Bloomberg) — As more international travelers decide to skip the United States, 10 business associations, including the U.S. Chamber of Commerce and the National Restaurant Association, have created a travel industry group aimed at reversing the growing unpopularity of the U.S. as
Koreas to March Under One Flag at Olympics Opening Ceremony
published Jan 17, 2018, 5:41:33 PM, by Kanga Kong (Bloomberg) — North and South Korea will march jointly under one unified flag during the opening ceremony of the Winter Olympics, the biggest sign yet of a detente after months of tensions over Kim Jong Un’s nuclear program. The statement, made
Apple Is Giving Employees $2,500 Bonuses After New Tax Law
published Jan 17, 2018, 5:12:50 PM, by Mark Gurman (Bloomberg) — Apple Inc. told employees Wednesday that it’s issuing a bonus of $2,500 worth of restricted stock units, following the introduction of the new U.S. tax law, according to people familiar with the matter. The iPhone maker will begin issuing
Asian Stocks Mixed as Rally Pauses; Dollar Steady: Markets Wrap
published Jan 15, 2018, 6:32:31 PM, by Adam Haigh (Bloomberg) — Asian equities’ best start to a year since 2006 took a breather Tuesday in the absence of fresh catalysts to spur the rally on. The dollar halted its slide and Treasuries inched lower as the U.S. bond market reopened
Ford Profit to Drop as Electric Car Catch-Up Will Be Costly
published Jan 16, 2018, 4:36:13 PM, by Keith Naughton (Bloomberg) — Ford Motor Co. warned profit will fall this year as Chief Executive Officer Jim Hackett spends heavily to catch up with rivals bringing electrified vehicles to market. The U.S. automaker forecast adjusted earnings of $1.45 to $1.70 a share
Wal-Mart Said to Elevate U.S. Executive to Key Overseas Role
published Jan 16, 2018, 3:57:24 PM, by Matthew Boyle (Bloomberg) — Wal-Mart Stores Inc. will tap Judith McKenna to run its international unit, elevating one of its highest-ranking female executives to a critical role, according to people familiar with the matter. McKenna, currently chief operating officer of the retailer’s domestic