Trump Is Said to Unveil 35% Individual Tax Rate, Could Go Higher
published Sep 26, 2017, 7:04:10 PM, by Anna Edgerton and Ben Brody (Bloomberg) — President Donald Trump and Republican leaders will announce their long-awaited tax overhaul plan Wednesday, cutting rates for corporations and pass-through business. They’ll also propose a top individual rate of 35 percent but leave to Congress the
How Tax Reform Could Squeeze the Middle Class, in Five Scenarios
published Sep 25, 2017, 3:52:23 PM, by Ben Steverman and Suzanne Woolley (Bloomberg) —One of Washington’s biggest mysteries may soon be solved: What exactly are President Donald Trump and Republicans in Congress planning to do about taxes? Lawmakers are expected to unveil a framework for tax reform on Wednesday, the same
U.S. Sees `Four or Five’ Ways to Resolve North Korean Crisis
published Sep 25, 2017, 4:54:55 PM, by Margaret Talev, Kambiz Foroohar and Tony Capaccio (Bloomberg) —The U.S. has gamed out four or five different scenarios for how the crisis with North Korea will be resolved, and “some are uglier than others,” National Security Adviser H.R. McMaster said as tensions again
Global Markets on Edge as Elections Thrust Politics Back to Fore
published Sep 25, 2017, 3:01:00 PM, by Luke Kawa and Liz Capo McCormick (Bloomberg) —For global financial markets, politics are back at the fore. Look no further than the foreign exchange market, where the New Zealand kiwi and the euro were battered after weekend elections delivered unexpected results and the
Matt Levine’s Money Stuff: Retail Bankruptcy and Insider Trading
published Sep 20, 2017, 8:17:26 AM, by Matt Levine (Bloomberg View) — Toys ‘R’ Us. One thing to say about Toys “R” Us Inc.’s bankruptcy filing yesterday is that Toys “R” Us’s business is basically fine. It had $460 million of GAAP operating income last year, up from the year
Brexit Sound and Fury Fades as EU Moves On to Bigger Themes
published Sep 24, 2017, 6:00:00 PM, by Kati Pohjanpalo (Bloomberg) — The European Union is making it abundantly clear that it has more important issues to worry about than Britain’s departure from the bloc. Now that the EU is finally out of crisis mode, it’s more interested in working on
New Trump Ban Restricts or Bans Travel From Eight Countries
published Sep 24, 2017, 7:08:47 PM, by Terrence Dopp and Toluse Olorunnipa (Bloomberg) —President Donald Trump ordered restrictions or suspensions on travel to the U.S. from eight countries, replacing his ban on travelers from six Muslim-majority nations that had been limited by court challenges. “I must act to protect the
Russia Warns U.S. of Retaliation Amid Risk of Syria Showdown
published Sep 21, 2017 5:08:34 PM, by Henry Meyer (Bloomberg) — Russia issued an unusually blunt warning to the U.S. that it will retaliate against American-backed fighters in Syria, accusing them of firing on government troops battling for territory in a strategic region bordering Iraq. Russian special forces are fighting
Nuclear Scientists Head to China to Test Experimental Reactors
published Sep 21, 2017 4:00:00 PM, by Stephen Stapczynski (Bloomberg) — China is becoming the testing ground for a new breed of nuclear power stations designed to be safer and cheaper, as scientists from the U.S. and other Western nations find it difficult to raise enough money to build experimental
Apple’s Latest Products Get Rare Mixed-Bag Reviews
published Sep 21, 2017 4:05:20 PM, by Mark Gurman (Bloomberg) — Despite the strength of its brand, Apple Inc. occasionally releases a product to mediocre reviews – remember the original Apple TV or Apple Watch? But reviewers have rarely been as grumpy as this month, when Apple unveiled its collection of new