
More Optimism About U.S. Buying Climate Signals Spending Rebound
published May 25th 2017, 8:45 am, by Michelle Jamrisko (Bloomberg) —Consumer spending may be set to emerge from a weak first quarter as Americans last week became more upbeat about the buying climate than at any time in the last 15 years and optimism about personal finances reached a decade

AT&T’s DirecTV Now Online Service Said to See Growth Sputter
published May 25th 2017, 2:45 pm, by Gerry Smith and Scott Moritz (Bloomberg) —AT&T Inc.’s live online video service, DirecTV Now, has seen its growth stall in recent months, according to people familiar with the matter, raising questions about consumer demand for the growing number of new web-TV services entering the

Taco Bell Adding Thousands of Stores in International Push
published May 25th 2017, 4:13 pm, by Leslie Patton (Bloomberg) —Taco Bell is running for the border. Yum! Brands Inc.’s Mexican-themed restaurant chain will open at least 100 new locations each in China, Brazil, Canada and India during the next five years, according to a statement Thursday. The plan will

The ‘Below Average’ Fund Fee Could Eat Your Retirement
published May 24th 2017, 8:45 am, by Suzanne Woolley (Bloomberg) —Average fees paid for U.S. mutual funds and exchange-traded funds fell to a new low of less than 0.6 percent in 2016, Morningstar reported on Tuesday. That’s good news for investors. But as fund companies drive down those expense ratios in a fight

Asia Stocks Look Mixed as Dollar Slips on Fed: Markets Wrap
published May 24th 2017, 5:18 pm, by Adam Haigh (Bloomberg) —Asian stocks were poised for a mixed start after the dollar declined with Treasury yields as investors assessed minutes from the Federal Reserve’s most recent meeting where officials said inflation remains muted. Fed policy makers said they needed to wait

U.K. Police Rebuke U.S. for Leaking Information on Terror Probe
published May 24th 2017, 7:05 pm, by Svenja O’Donnell, Alex Morales and Robert Hutton (Bloomberg) —British police condemned U.S. officials’ leaking of intelligence relating to the Manchester terror attack, calling it a breach of trust that risks undermining their investigations as the probe into the bombing extended to Libya. The

Trump’s Pentagon Budget Delays Big Defense Buildup He Promised
published May 23rd 2017, 4:46 pm, by Tony Capaccio (Bloomberg) —President Donald Trump’s first full-year defense budget would delay big increases in multibillion-dollar weapons systems while putting more money into troop readiness and precision munitions, such as 100 additional Tomahawk cruise missiles from Raytheon Co. The budget proposed Tuesday for

U.K.’s May Warns Further Terrorist Attacks Could Be Imminent
published May 23rd 2017, 6:40 pm, by Tim Ross, Robert Hutton and Thomas Penny (Bloomberg) —The British military will guard music and sports events in an unprecedented security operation as police hunt for potential accomplices of the suicide bomber who killed 22 people at a Manchester pop concert. After meeting

Mexico Oil Reform Advances With First Private Well in 80 Years
published May 23rd 2017, 1:07 pm, by Alex Nussbaum (Bloomberg) —For the first time in almost 80 years, a private company has sunk a new offshore oil well in Mexican waters — the latest step in the country’s drive to allow foreign competitors back into its energy markets. A joint

Trump Bets Sunni Fears of Iran Can Win Israeli-Palestinian Peace
published May 22nd 2017, 7:45 pm, by Margaret Talev and David Wainer (Bloomberg) —Donald Trump is betting that Arab nations hold the key to securing peace between Israel and the Palestinians, a paradoxical premise founded on his belief that shared concern over Iran will bring longtime rivals to the bargaining