
Kushner Family Backs Out of Planned China Event for Investors
published May 11th 2017, 5:29 pm, by Sarah Mulholland and Caleb Melby (Bloomberg) —The company belonging to Jared Kushner’s family is pulling out of a presentation to investors in China following criticism that his sister invoked his work for his father-in-law, President Donald Trump, in a similar pitch last weekend.

Booming Growth Stocks and the Bear Case on the U.S. Economy
published May 11th 2017, 9:35 am, by Lu Wang (Bloomberg) —Things are looking great for equities. Right? Before today’s plunge, hardly a day went by without another record. The S&P 500 Index has closed at an all-time high 16 times in 2017, its 7 percent advance through Wednesday led by

Who’s Stealing From Your Dad Right Now?
published Apr 5th 2017, 5:00 am, by Suzanne Woolley (Bloomberg) —“You know in your heart of hearts that when the account balance hits zero, the girlfriend is gone,” says Wendy Johnson. Johnson has been investigating suspicions of financial abuse of the elderly for six of her nine years on U.S. Bancorp

White House Defends Firing Comey as Trump Seeks FBI Chief
published May 10th 2017, 7:16 pm, by Chris Strohm (Bloomberg) —The Trump administration began its search for a replacement for ousted FBI Director James Comey while fending off questions about the president’s abrupt decision to fire the nation’s top law enforcement officer. President Donald Trump planned to meet Wednesday with

Asian Stocks Edge Higher, Kiwi Slides on Outlook: Markets Wrap
published May 10th 2017, 8:53 pm, by Adam Haigh (Bloomberg) —Asian stocks advanced as global equities remained at record levels and a rebound in oil boosted energy producers. The New Zealand dollar declined after the nation’s central bank said it will keep rates at a record low for an extended

Fannie-Freddie Look to Provide Financing for Manufactured Homes
published May 8th 2017, 1:18 pm, by Joe Light (Bloomberg) —Fannie Mae and Freddie Mac may soon begin to provide financing for buyers of manufactured homes, according to draft plans released on Monday. The move is part of an effort by the mortgage-finance giants to ease burdens on low-income borrowers, many

Senate GOP Plans Secret Health-Care Debate That May Take Months
published May 9th 2017, 1:55 pm, by Laura Litvan and Steven T. Dennis (Bloomberg) —Senate Republican leaders are starting what’s shaping up to be a secretive process to write their version of an Obamacare overhaul — even after some GOP senators complained that the House devised sweeping health-care legislation behind

Obamacare Taxes Aren’t Necessarily Going Away: GOP Senators
published May 9th 2017, 3:38 pm, by Sahil Kapur (Bloomberg) —Republican senators said it’s unclear whether their chamber will repeal all of the taxes imposed under Obamacare as they set aside the health-care bill passed by the House and prepare to write their own from scratch. “That’s hard to say

Texas One-Ups Trump, Vows Jail for Sanctuary City Officials
published May 8th 2017, 3:23 pm, by Laurel Calkins and Kartikay Mehrotra (Bloomberg) —Texas kicked off a court battle in giving itself power to jail local officials who provide safe harbor for undocumented immigrants, which goes further than President Donald Trump in his attempt to punish sanctuary cities. The day

Venture Capitalists Beware: Chinese Factories May Eat Your Lunch
published May 8th 2017, 4:00 pm, by Lulu Yilun Chen (Bloomberg) —For decades China’s contract manufacturers have been content mostly to churn out gadgets designed by the world’s tech companies. Now they’re going a step further — seeking out entrepreneurs and building their designs in hopes of finding the next