Japan Overtakes China as Largest Holder of U.S. Treasuries
published Dec 15th 2016, 4:23 pm, by Sarah McGregor (Bloomberg) — China’s holdings of U.S. Treasuries declined to the lowest in more than six years as the world’s second-largest economy uses its currency reserves to support the yuan. Japan overtook China as America’s top foreign creditor, as its holdings edged
Women and Family: How Couples Do Money
published Dec 1st 2016, 4:00 am, by Josh Eidelson, Eva Holland and David Gauvey Herbert (Bloomberg) — The Couple Whose Band Might Blow Up Samantha Lepre and Branden Wilbarger Ages: 25, 28 Jobs: Waitress and Waiter/musician. Incomes*: $26,000 and $55,000 Home: Los Angeles Together: 4 years Samantha: When we first
Here’s One Sign That the World Cares A Lot Less About Monetary Policy
published Dec 15th 2016, 2:29 am, by Jake Ulick (Bloomberg) — Step aside, central bankers. The prospect of more government spending has helped make the term “fiscal stimulus” more common in a Bloomberg count of news stories, helping it to overtake “monetary policy” by the biggest margin since 2008. It’s
Amazon Moves Further Into Netflix’s Turf With Low-Priced TV
published Dec 14th 2016, 4:26 pm, by Olga Kharif and Lucas Shaw (Bloomberg) —Amazon.com Inc.’s new push to expand Prime Video into more than 200 countries and territories includes a bonus feature: a price that undercuts Netflix Inc.’s in many markets. By going global, Amazon is following Netflix’s lead. The
Here’s the New High-Tech Way to Catch a Burglar
published Dec 12th 2016, 11:47 am, by Mark Ellwood (Bloomberg) —It’s burglar catnip: a large, unoccupied home late at night, with iPads and laptops strewn temptingly around. Sure enough, one man did break in—exactly as the police had planned. Arrested, he protested his innocence, at least until law enforcement shined
Trump Isn’t Alone Planning Billions More on Military Spending
published Dec 13th 2016, 12:19 pm, by Sangwon Yoon (Bloomberg) —It’s not just President-elect Donald Trump who’s bent on military build-up. From Europe all the way to China, the next decade will be marked by an increase in global defense spending amid rising feuds and pockets of instability, according to IHS
Scientists Want to Give the Atmosphere an Antacid to Relieve Climate Change
published Dec 12th 2016, 2:27 pm, by Eric Roston (Bloomberg) —As long-term global average temperatures steadily rise, and international efforts to address them steadily fall short, some scientists and engineers are working on increasingly desperate solutions to the symptoms of global climate change. One approach to “geoengineering” the earth is to mimic
Trump May Have Wrong Asian Currency in His Crosshairs
published Dec 12th 2016, 4:00 pm, by Rich Miller (Bloomberg) —President-elect Donald Trump has accused China of ripping off the U.S. on trade and threatened to brand the country a currency manipulator soon after taking office. Yet economists say his new best bud and China nemesis, Taiwan, is much better
Trump Said to Postpone Announcement on Future of Businesses
published Dec 12th 2016, 6:33 pm, by Kevin Cirilli, Caleb Melby and Ben Brody (Bloomberg) —President-elect Donald Trump is postponing until next month a previously announced news conference to outline how he’ll handle his far-flung business operations while in the White House, according to senior Trump transition officials. Trump had
Saudi Minister Jolts Oil Market With ‘Whatever It Takes’ Moment
published Dec 11th 2016, 1:56 pm, by Javier Blas, Elena Mazneva and Angelina Rascouet (Bloomberg) —Saudi Oil Minister Khalid al-Falih emerged from the OPEC meeting room on Saturday evening having endured months of secret petro-diplomacy, late-night phone calls and, a few times, disagreements that almost saw talks collapse. But he