
Ending Obamacare Mandate Could Save $338 Billion for Tax Bill
published Nov 8, 2017, 4:48:44 PM, by Anna Edney (Bloomberg) —Rolling back Obamacare’s requirement that all Americans have health insurance would save the U.S. $338 billion over 10 years, according to the Congressional Budget Office, a smaller benefit than previously projected for a plan favored by the White House. Republicans

Fear of the Taxman Blights Modi’s Quest to Expand Formal Economy
published Nov 8, 2017, 5:00:00 PM, by Archana Chaudhary (Bloomberg) —Twice in the past year, Mohammed Mohsin’s textile design business was buffeted by major changes in the Indian economy. First, a ban on high-value notes, then a new tax system. Now, he senses yet another threat. “There’s a new fear,”

U.S. Flexes Refining Muscles to Satisfy Mexico Fuel Thirst
published Nov 8, 2017, 6:53:41 PM, by Laura Blewitt (Bloomberg) —U.S. refiners are setting up for the strongest end-of-year they’ve ever had, and it’s all thanks to Mexico. Nationwide gross oil refinery inputs will rise above 17 million barrels a day before the year ends, according to Energy Aspects, even

Asian Stocks Decline as Dollar Slips on Tax News: Markets Wrap
published Nov 7, 2017, 7:48:04 PM, by Andreea Papuc (Bloomberg) —Asian stocks declined, suggesting a pause in a rally that lifted regional equities to the highest levels in at least a decade. The dollar came under pressure after advancing against G10 peers amid concern about the progress of U.S. tax

Debating Where Tech Will Take Finance: Tyler Cowen, Matt Levine
published Oct 31, 2017, 6:00:10 AM, by Tyler Cowen and Matt Levine (Bloomberg View) —After the credit crisis of 2008-09, former Federal Reserve Chairman Paul Volcker quipped that the only important innovation the financial industry had come up with in the prior 20 years was the automated-teller machine. Now almost

Bezos, Musk Have Different Ideas About How to Pay for Space Race
published Nov 7, 2017, 8:00:29 AM, by Tom Metcalf (Bloomberg) —Jeff Bezos sold $4 billion of Amazon.com Inc. stock in the past three years, including $1.1 billion last week, using most of the money to support his space company, Blue Origin LLC. That sets its business model apart from other

Tax Bill to Run Four-Day Gauntlet Before House Floor Vote
published Nov 6, 2017, 7:23:55 AM, by Sahil Kapur (Bloomberg) — The House tax-writing committee begins debate Monday on the GOP’s proposed overhaul, kicking off four frantic days for lobbyists and lawmakers to revise a bill that represents President Donald Trump’s final hope for a signature legislative achievement this year.

Japan Already Offers the High-Paying U.S. Jobs Trump Seeks
published Nov 6, 2017, 6:07:00 PM, by Connor Cislo and Maiko Takahashi (Bloomberg) — Donald Trump again attacked Japan over trade on Monday, saying during a visit to Tokyo that the nation’s automakers should “try building your cars in the United States instead of shipping them over.” Japanese officials could

Here Are the Stocks and ETF to Watch After Shock Saudi Arrests
published Nov 5, 2017, 4:59:04 PM, by Arie Shapira (Bloomberg) —A procession of shocking news out of Saudi Arabia, including the arrests of dozens of high-profile nationals, sparked a whipsaw session in the country’s stock market, which initially sold off as much as 2.2 percent before paring losses to end

May to Say Brexit Transition `Crucial’ for U.K. Business
published Nov 5, 2017, 6:01:00 PM, by Brian Swint (Bloomberg) — U.K. Prime Minister Theresa May will tell one of the nation’s biggest business groups that she backs a Brexit transition period to give companies more certainty, while urging executives to be more optimistic about the process. “A strictly time-limited