
Who’s Warren Buffett’s Successor? JPMorgan Thinks It’s Greg Abel
published Sep 14, 2017 12:42:24 PM, by Noah Buhayar (Bloomberg) — Who will succeed Warren Buffett as chief executive officer of Berkshire Hathaway Inc.? It’s one of the most guarded secrets in the business world. That didn’t stop JPMorgan Chase & Co.’s new Berkshire analyst from placing odds on one

Internet Tax Ruling Worth Billions Poised for Court Review
published Sep 14, 2017 3:42:36 PM, by Jef Feeley (Bloomberg) — The South Dakota Supreme Court brought the question of whether online retailers should pay sales tax back into sharp focus. The Mount Rushmore state’s highest court ruled Thursday that companies selling wares over the Internet can’t be forced to

North Korea Launched Missile Over Japan Into Pacific Ocean
published Sep 14, 2017 6:09:00 PM, by Shin Shoji and Kanga Kong (Bloomberg) — North Korea fired its second missile over Japan in as many months, a fresh provocation that comes shortly after the United Nations approved harsher sanctions against Kim Jong Un’s regime. Japan didn’t attempt to shoot down

Is Rising Rent a Myth? For Many, Incomes Seem to Be Keeping Up
published Sep 13, 2017 3:00:07 AM, by Patrick Clark (Bloomberg) — Most people paying attention to the cost of renting an apartment in the U.S. would tell you that prices have gotten out of hand. That’s certainly true at the extremes where, say, the typical two-bedroom in the Bay Area suburb

Beautiful Coal’ Seeks New Life as Carbon Fiber for Submarines
published Sep 13, 2017 6:00:00 PM, by Tim Loh and Patrick Martin (Bloomberg) — The 30-foot hull of an experimental mini-sub is helping to show how the U.S. may be able to redeploy the mountain of coal that power plants are no longer burning. Researchers at the Oak Ridge National

Saudis Are Said to Prep for Possible Aramco IPO Delay to ’19
(Bloomberg) —Saudi Arabia is preparing contingency plans for a possible delay to the initial public offering of its state-owned oil company by a few months into 2019, according to people familiar with the matter. While the government is still aiming for a Saudi Aramco IPO in the second half of

Trump Woos Democrats on Tax Overhaul at White House Dinner
published Sep 12, 2017 8:28:46 PM, by John Voskuhl (Bloomberg) — Three Democratic senators joined President Donald Trump for a White House dinner Tuesday aimed at winning their support for an as-yet unreleased tax overhaul bill that would be written by Republican leaders. Trump’s guests — Joe Manchin of West

Mexico Expanding Oil Hedge as Fuel Prices Float, Meade Says
published Sep 12, 2017 5:57:25 PM, by Carlos Manuel Rodriguez and Nacha Cattan (Bloomberg) — Mexico will most likely expand its oil hedge marginally for 2018 as it liberalizes gasoline prices, while the cost for the government to protect crude exports against a drastic drop in prices will be about

North Korea Vows to Accelerate Nuclear Push After UN Sanctions
published Sep 12, 2017 6:54:26 PM, by Kanga Kong (Bloomberg) — In its first official response to new United Nations sanctions, North Korea said it will accelerate its plans to acquire a nuclear weapon that can strike the U.S. homeland. The UN resolution verified that its push for nuclear weapons

Hong Kong Finance Chief Warns Again of Property Risk as Fed Acts
published Sep 11, 2017 5:00:00 PM, by Fion Li (Bloomberg) — Hong Kong’s Financial Secretary Paul Chan warned potential buyers to be careful buying property in the world’s most expensive housing market, as moves by the Federal Reserve to unwind its balance sheet may shrink money supply. Chan warned in