Stocks in Asia Near Decade Highs; Euro Holds Gains: Markets Wrap
published Oct 10, 2017, 8:41:44 PM, by Adam Haigh and Andreea Papuc (Bloomberg) —Stocks in Asia traded near decade highs, while the euro held gains spurred by Catalonia’s president stepping back from an immediate declaration of independence from Spain. Japan’s Topix index fluctuated after closing at the highest in 10
Starbucks CEO Sees Decades of Growth From Its Chinese Expansion
published Oct 10, 2017, 2:50:04 PM, by Nick Turner and Craig Giammona (Bloomberg) —China is Starbucks Corp.’s biggest growth opportunity, and its expansion there could last decades without letting up. That’s the view of Chief Executive Officer Kevin Johnson, who spoke with Bloomberg’s Emily Chang at the GeekWire Summit in
Greenspan Fed Debut Shows Peril of Bond Traders’ Snap Judgments
published Oct 10, 2017, 5:11:33 PM, by Liz Capo McCormick (Bloomberg) —Marty Mitchell recalls how his colleagues on the trading desk at Perpetual Savings Bank in Virginia, along with the rest of the bond market, were stunned in June 1987 by the resignation of Federal Reserve Chair Paul Volcker and the choice
A People’s Choice Guide to the Economics Nobel: Cass R. Sunstein
published Oct 6, 2017, 12:32:27 PM, by Cass R Sunstein (Bloomberg View) — Because economics is such a diverse field, with many distinguished thinkers, predicting the winner of the Nobel Prize in economics is notoriously difficult. But suppose that we narrowed the field, so as to focus on candidates who
Saudi Aramco Plans `Mega Investment’ in Oil Demand Growth Center
published Oct 9, 2017, 1:30:01 PM, by Debjit Chakraborty, Dhwani Pandya and Saket Sundria (Bloomberg) —Saudi Arabia’s state-owned oil giant has “mega investment” plans for the world’s fastest growing oil market, according to Saudi Arabian Oil Co.’s chief executive officer. The company, popularly known as Saudi Aramco, plans to create
`Our So-Called Allies’: Old Grudges Blow Up in Turkey-U.S. Feud
published Oct 9, 2017, 4:08:42 PM, by Selcan Hacaoglu (Bloomberg) —With its arrest warrants and visa freezes, the Turkey-U.S. standoff looks more like a flashpoint between enemies than a difference of views among friends. That’s because the crisis, which sent Turkish markets reeling on Monday, blew up only after years
Few Americans Are Freezing Their Credit After the Equifax Hack
published Oct 6, 2017, 3:00:07 AM, by Suzanne Woolley (Bloomberg) — Consumer advocacy groups such as U.S. PIRG, along with Senator Elizabeth Warren, Democrat of Massachusetts, say consumers should be able to freeze their credit reports at all three major credit bureaus easily and for free. Sounds good. But how
Five Things You Need to Know to Start Your Day
published Oct 8, 2017, 5:03:51 PM, by Julie Verhage (Bloomberg) —Want to receive this post in your inbox every morning? Sign up here. Trump tweets about North Korea, Chinese markets come back from holiday, and there’s plenty of economic data due out this week. Here are some of the things people
Trump Demands Wall Funds for DACA, Drawing Rebuke From Democrats
published Oct 8, 2017, 8:38:56 PM, by Toluse Olorunnipa and Laura Litvan (Bloomberg) — President Donald Trump demanded that Congress deliver funding for his border wall and make dramatic changes to immigration policy in exchange for letting young people brought illegally to the U.S. as children stay in the country.
How Justice Kennedy Could Give Both Parties a Win: Noah Feldman
published Oct 5, 2017, 9:56:08 AM, by Noah Feldman (Bloomberg View) — Justice Anthony Kennedy’s comments during oral arguments in the partisan gerrymander case, Gill v. Whitford, are fueling speculation that he might provide the decisive fifth vote for a historic decision that could reshape electoral politics. If he does,