The Future of Taxes Is Mobile and Painless, TurboTax Says
published Apr 13th 2017, 5:00 am, by Ben Steverman (Bloomberg) — TurboTax, the reigning king of online tax preparation, is facing some particularly strong competition this year. Arch rival H&R Block started the 2017 tax season aggressively, touting a collaboration with IBM’s supercomputer Watson and free online returns. Credit Karma,
North Korea Missile Launches, Nuclear Detonations: Timeline
published Apr 15th 2017, 7:26 pm, by Sam Kim (Bloomberg) — The North Korean weapons program now testing U.S. President Donald Trump stretches back decades, when the regime began reverse-engineering Scud missiles acquired from Egypt. International efforts to curb North Korea’s nuclear threat were dealt a setback in 2006 with
BP Races to Shut Alaska North Slope Well After Finding a Leak
published Apr 16th 2017, 4:43 pm, by Jessica Summers (Bloomberg) — BP Exploration Alaska Inc. is trying to close off a well on Alaska’s frigid North Slope after a leak was discovered Friday morning. The well, located in the Greater Prudhoe Bay area, is venting gas, which caused a spray
Your Fridge May Get Washington’s Next Regulatory-Rollback
published Apr 12th 2017, 5:43 pm, by Ari Natter (Bloomberg) — Appliance makers want Congress to ease energy efficiency standards that they say are unrealistic and costly for air conditioners, refrigerators and other equipment — even allowing for future rollbacks. The industry is lobbying to amend a decades old conservation
rump Finds Asian Allies Cool to U.S. Attack on North Korea
published Apr 12th 2017, 7:50 pm, by David Tweed (Bloomberg) — U.S. President Donald Trump is finding little support among his Asian allies — both publicly and behind the scenes — as he weighs a military attack on North Korea after unilaterally firing missiles on Syria. Any attack on Kim
Modi’s Israel Visit Said to Spur Missile Deals as Ties Deepen
published Apr 11th 2017, 4:00 pm, by N. C. Bipindra (Bloomberg) — India is close to signing two defense deals with Israel as it seeks to deepen ties with the Middle Eastern nation before Prime Minister Narendra Modi’s visit in July, according to people with knowledge of the matter. The
China’s Factory Inflation Eases as Commodities Rebound Weakens
published Apr 11th 2017, 8:49 pm, by Bloomberg News (Bloomberg) — China’s producer price gains slowed last month from a peak in February, decelerating for the first time since September 2015 and tempering the global inflation outlook. Key Points The producer price index rose 7.6 percent last month from a
White House Seeks Car-Efficiency Talks With California
published Apr 11th 2017, 7:52 pm, by Ryan Beene and John Lippert (Bloomberg) — The White House will seek to convene negotiations between federal regulators, carmakers and California officials for a pact on auto-efficiency standards through 2025 to ensure consistent rules in all 50 states. The administration wants to reach
Hot Spots in Emerging Markets This Week: South Africa, Russia
published Apr 9th 2017, 10:00 am, by Filipe Pacheco (Bloomberg) — South African bonds will trade Monday carrying junk grades from two ratings agencies for the first time since 2000, while Russian assets may come under pressure as tension between President Vladimir Putin’s government and the U.S. escalates after an
Lopsided Stocks and the Math Explaining Active Manager Futility
published Apr 9th 2017, 6:00 pm, by Oliver Renick (Bloomberg Markets) — J.B. Heaton is an unlikely stock market revolutionary. He doesn’t work in investing, his academic research focuses on legal aspects of insolvency, and most of his holdings are index funds. Yet thanks to his intellectual wanderings, Heaton today