U.S. Became a Net Gas Exporter for the First Time in 60 Years
published Jan 10, 2018, 11:01:00 PM, by Naureen S. Malik (Bloomberg) — America’s trade imbalance just got a wee bit smaller. The U.S. has now become a net exporter of natural gas on an annual basis for the first time since at least 1957. Net exports averaged about 0.4 billion
Trump Lays Out Immigration Path in Key Step to Avoiding Shutdown
published Jan 9, 2018 12:27:28 PM, by Laura Litvan, Anna Edgerton and Jennifer Epstein (Bloomberg) — President Donald Trump indicated he’s willing to split contentious immigration proposals into two stages, providing protections for young immigrants known as dreamers and increasing border security first, leaving tougher negotiations on comprehensive legislation for
Vanguard CEO’s Biggest Challenge Is Dealing With Success: Gadfly
published Jan 4, 2018, 8:30:32 AM, by Stephen Gandel (Bloomberg Gadfly) — Jack Bogle launched Vanguard Group Inc. with little more than a college thesis. When Jack Brennan took over, the company had less than half of the assets of heavyweight Fidelity Investments. And even Bill McNabb, who rose to
U.S. Stocks Rise to Records as Dollar Strengthens: Markets Wrap
published Jan 8, 2018, 3:01:42 PM, by Jeremy Herron (Bloomberg) — U.S. stocks rose for a fifth straight day, with technology shares bolstering major indexes, as investors continue to price in the impact of tax cuts before corporate earnings start later in the week. The dollar strengthened after three straight
`It Can’t Be True.’ Inside the Chip Industry’s Meltdown
published Jan 8, 2018, 8:33:36 PM, by Ian King, Jeremy Kahn, Alex Webb and Giles Turner (Bloomberg) — It was late November and former Intel Corp. engineer Thomas Prescher was enjoying beers and burgers with friends in Dresden, Germany, when the conversation turned, ominously, to semiconductors. Months earlier, cybersecurity researcher
Amazon Maintains Holiday Dominance Despite Stepped-Up Pressure
published Jan 5, 2018 11:36:32 AM, by Spencer Soper (Bloomberg) — Amazon.com Inc. maintained its online dominance in the 2017 holiday shopping season despite increasing competition from Wal-Mart Stores Inc., Target Corp. and Best Buy Co. Amazon captured 89 percent of all online holiday spending in the five-week period beginning
Don’t Expect OPEC’s Oil Output Deal to Collapse in 2018: Gadfly
published Jan 7, 2018 2:00:13 AM, by Julian Lee (Bloomberg Gadfly) — Whatever your view on the effectiveness of the deal between OPEC and a group of non-member countries to limit oil supply in order to drain excess inventories and boost prices, there is one thing that everybody seems to
Congress Will Be Different in 2018; Trump Won’t: Albert R. Hunt
published Jan 7, 2018 9:00:11 AM, by Albert R. Hunt (Bloomberg View) — Last year, congressional Republicans had the leverage to ram through a huge tax cut, repeal the requirement to buy health-insurance coverage, and put a conservative jurist on the Supreme Court. This year the tables have turned. Democrats,
Oil’s Famous Five: People Who Could Define the Market in 2018
published Jan 2, 2018, 7:00:00 AM, by Christopher Sell and Grant Smith (Bloomberg) — Will Saudi Arabia and Russia maintain their grip on production, or could they succumb to another surge in U.S. shale? Is it possible for the economic collapse of a major producer to send crude prices soaring,
Trump Seeks to Open Most U.S. Coastal Waters to New Drilling
published Jan 4, 2018, 4:29:15 PM, by Jennifer A. Dlouhy (Bloomberg) — The Trump administration is proposing to open almost all U.S. coastal waters to oil drilling, including those off California and Florida where activists have fought for decades to spare delicate ecosystems from oil spills. The proposal released Thursday