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

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

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

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

published Nov 30th 2016, 10:15 pm, by Ari Altstedter (Bloomberg) — For more than two years Kiran Mazumdar-Shaw had a quarterly date with her Twitter trolls. Every three months, after her Bangalore-based pharmaceutical company would deliver its earnings report, Mazumdar-Shaw says the trolls would emerge. They would tell the Biocon

published Nov 29th 2016, 5:01 pm, by Paul Bond (Hollywood Reporter) – Hollywood insider Mnuchin, whose film credits as an executive producer include the Tom Hanks film Sully and the Ben Affleck movie The Accountant, is expected to be named President-elect Donald Trump’s Treasury Secretary as early as tomorrow, The

published Nov 29th 2016, 3:20 pm, by Sofia Horta e Costa and Lu Wang (Bloomberg) — U.S. stocks regained their momentum and hovered near all-time highs as traders digested encouraging data on gross domestic product growth and real estate, looking for hints about the strength of the economy ahead of

published Nov 29th 2016, 4:18 pm, by Bloomberg News (Bloomberg) —The Chinese speculators shaking up global commodity markets are switched-on, flush with cash and probably not getting enough sleep. For the second time this year, trading has exploded on the nation’s exchanges, pushing prices of everything from zinc to coal

published Nov 28th 2016, 1:55 pm, by Luke Kawa and Drew Singer (Bloomberg) — On the campaign trail, President-elect Donald Trump lambasted Hillary Clinton for profiting off speeches delivered to Wall Street bankers. In an ironic twist, the real estate mogul’s victory has fostered the exact opposite dynamic, enriching bankers

published Nov 28th 2016, 4:54 pm, by Emma O’Brien (Bloomberg) — The global equity rally is petering out, with index futures signaling losses in Asia following U.S. benchmarks’ retreat from record highs. Haven assets maintained gains as the focus shifted from Donald Trump’s election win to fresh threats to market