U.K. Government Pledges Best Post-Brexit Deal for Banks
published Dec 5th 2016, 4:20 pm, by Tim Ross (Bloomberg) —The U.K. government promised to make sure London keeps its place as the leading financial center after Brexit, following top-level talks between global bank chiefs and senior ministers. U.K. Chancellor of the Exchequer Philip Hammond and Brexit Secretary David Davis
It’s Time to Start Worrying About Long-Term Care: Megan McArdle
published Dec 5th 2016, 2:15 pm, by Megan McArdle (Bloomberg View) —The only good thing that can be said about aging is that it’s better than the alternative. It’s also more expensive, and as society ages, we’re going to have to figure out how we pay for it. Most Americans
Microsoft’s New Chatbot Zo Won’t Talk Politics or Racism
published Dec 5th 2016, 1:57 pm, by Dina Bass (Bloomberg) —Tay take two? Microsoft Corp. is letting users try a new chatbot on the app Kik, nine months after it shut down an earlier bot that internet users got to spout racist, sexist and pornographic remarks. The new one is
Euro Slides as Exit Polls Show Italy Voted ‘No’ in Referendum
published Dec 4th 2016, 4:14 pm, by Chiara Albanese (Bloomberg) — The euro fell as exit polls showed a lead for the “no” campaign in Italy’s constitutional referendum. The single currency slid against all of its 16 major peers as investors gauged whether the vote could upset the nation’s political
Seniors Driving Consumption Growth as Japan Ages
published Dec 4th 2016, 3:00 pm, by Connor Cislo (Bloomberg) — As much of working-age Japan frets about having enough money in old age, the nation’s seniors are increasingly propping up consumer spending, accounting for the little growth in consumption the country has seen in recent years. It is something
Trump Policy on Muslims Might Look Like This: Francis Wilkinson
published Nov 21st 2016, 11:07 am, by Francis Wilkinson (Bloomberg View) — Donald Trump plans to appoint opponents of Islam, a religion practiced by roughly 1.6 billion people, to top positions in his administration. Both Stephen Bannon, whom Trump said he will make his chief White House strategist, and Lt.
Starbucks’s New CEO Kevin Johnson Has a Lot to Prove: Gadfly
published Dec 1st 2016, 5:04 pm, by Shelly Banjo (Bloomberg Gadfly) — New blood is good, right? Well, not exactly. Starbucks Corp.’s stock dropped as much as 10 percent in after-market trading Thursday on news that CEO Howard Schultz is stepping down from the coffee chain he bought in 1987
Asian Futures Signal Stock Retreat as Trump Trade Loses Momentum
published Dec 1st 2016, 5:45 pm, by Emma O’Brien and Choong En Han (Bloomberg) — The Trump rally is running out of steam as fresh concerns over the U.S. outlook and stability in Europe weigh on the dollar and global equities. The Bloomberg Dollar Spot Index is headed for its
The Feds Have No Idea What Student Loan Forgiveness Will Really Cost Us
published Nov 30th 2016, 4:23 pm, by Shahien Nasiripour (Bloomberg) — The Obama administration, presenting itself as an ally to student debtors, has worked to make the federal student loan program more generous to them and argues that its efforts will mean more than $108 billion in student debt will
Dollar Extends Gain Against Yen After Best Month Since 1995
published Nov 30th 2016, 6:05 pm, by Lananh Nguyen and Chikako Mogi (Bloomberg) — The dollar completed its best month versus the yen in two decades as rising Treasury yields added to the U.S. currency’s allure. The greenback extended Wednesday’s surge on speculation that the Federal Reserve will raise interest