
China Seen Pulling Coal U-Turn to Reverse Self-Inflicted Rally
published Nov 20th 2016, 3:00 pm, by Bloomberg News (Bloomberg) — China is continuing to loosen mining policies that caused global coal prices to surge this year, temporarily reversing some output restrictions and encouraging production to ease tight supply through winter. The latest guidance given by regulators last week signals

Obama Says He Didn’t Address Election in Last Meeting With Putin
published Nov 20th 2016, 5:31 pm, by Toluse Olorunnipa, Margaret Talev and Ilya Arkhipov (Bloomberg) — President Barack Obama said he didn’t discuss alleged Russian meddling in the U.S. election in a four-minute meeting with Vladimir Putin in Lima, an encounter that’s likely the last between two leaders divided by

Trump Brings in Wall Street Veterans to Talk Top Treasury Post
published Nov 20th 2016, 6:29 pm, by Jennifer Jacobs and Arit John (Bloomberg) —Donald Trump interviewed top investment executives for the role of Treasury Secretary as the president-elect continues stitching together the administration that will take over the White House in January. Meetings at the Trump National Golf Club in Bedminster, New

Republicans Find Replacing Obamacare Easier Said Than Done
published Nov 17th 2016, 4:04 pm, by Anna Edney (Bloomberg) —Key Republicans in Congress are cautioning that replacing Obamacare will be a difficult and lengthy process that won’t happen in the first days of President-elect Donald Trump’s administration. U.S. Senator Lamar Alexander, chairman of the Health, Education, Labor and Pensions

This Year’s Crop of Tech IPOs Stunts the Next One: Gadfly
published Nov 17th 2016, 2:08 pm, by Shira Ovide (Bloomberg Gadfly) —There has been a welcome trickle of technology companies going public in the last few months. It seemed to signal an end to the IPO desert of 2015 and most of 2016. The relatively strong — maybe too strong

Pence Tells House GOP to Get Ready for Sweeping Legislation
published Nov 17th 2016, 2:03 pm, by Billy House and Henri Gendreau (Bloomberg) —Vice President-elect Mike Pence told House Republicans in a closed-door meeting Thursday to be ready to move a lot of legislation next year. “We’re going to move an agenda” focused on rebuilding the military and improving the

What the Rich Are Doing Now to Reap Trump’s Tax Bonanza
published Nov 14th 2016, 6:00 am, by Ben Steverman (Bloomberg) —For wealthy Americans, the outcome of the 2016 election could be lucrative. Democratic candidate Hillary Clinton proposed hiking their taxes. Donald Trump, her Republican rival and now the president-elect, proposed the opposite: $6.2 trillion in tax cuts over the next decade,

SUV Craze Shows No Signs of Slowing as More Automakers Join In
published Nov 16th 2016, 12:51 pm, by Jamie Butters (Bloomberg) —For more and more consumers, the decision to buy a new car quickly becomes a choice to buy some kind of sport utility vehicle. As this year’s Los Angeles Auto Show demonstrates, automakers are rushing to feed that demand, especially given signs

Iran Expects ‘More Rationality’ From Trump Once in Office
published Nov 16th 2016, 12:37 pm, by Ladane Nasseri (Bloomberg) —Iran expects U.S. President-elect Donald Trump to display “more rationality” after he steps into the White House, a senior official in Tehran said, downplaying the alarmed reactions to his win as “temporary phenomena.” “What has been said before the election

Home Depot’s Tepid Sales Forecast Signals Homeowner Caution
published Nov 15th 2016, 12:56 pm, by Matt Townsend (Bloomberg) — Even after posting better-than-estimated sales last quarter, Home Depot Inc. declined to raise its annual revenue forecast, a sign that Americans’ zeal for remodeling their homes may be cooling. While sales climbed 6.1 percent in Home Depot’s fiscal third