How the Next President Will Manage Your Money—And What to Do About It Now
published Sep 26th 2016, 6:17 am, by Suzanne Woolley (Bloomberg) — Jobs and wages. Taxes and Social Security. Student debt and retirement. Child care. These are just a few of the crucial areas in which the policies of the next president will affect the financial security of all Americans, and
Senate Votes to Override Obama Veto of Saudi 9/11 Lawsuit Bill
published Sep 28th 2016, 11:30 am, by Steven T. Dennis and James Rowley (Bloomberg) — The Senate defied a last-ditch lobbying effort by the White House and Saudi Arabia by voting Wednesday to override President Barack Obama’s veto of a bill that would allow the kingdom to be sued for
Cisco to Create Jobs in Mexico With $4 Billion Spending Plan
published Sep 28th 2016, 11:50 am, by Nacha Cattan and Andrea Navarro (Bloomberg) — Cisco Systems Inc. plans to spend as much as $4 billion in Mexico through 2018 to expand production, creating jobs in the country even as the American company cuts its global workforce by 7 percent. The
Why Would Anyone Want a One-Way Ticket to Mars?: Elaine Ou
published Sep 28th 2016, 11:34 am, by Elaine Ou (Bloomberg View) — SpaceX CEO Elon Musk made a splash at the International Astronautical Conference in Mexico with his plans for an Interplanetary Transport System, along with a disturbingly inspirational ultimatum: “There are really two fundamental paths. One path is we
This Investing Robot Could Juice Your Returns by 15%
published Sep 27th 2016, 6:45 am, by Suzanne Woolley (Bloomberg) — “Tax drag” doesn’t sound very pleasant, and it isn’t. It’s the friction that taxes inflict on your investment returns, robbing you of easy, risk-free additional money you could be making to live on in retirement. Why aren’t you making
First Clinton-Trump Presidential Debate Sets Record for Viewers
published Sep 27th 2016, 5:56 pm, by Gerry Smith (Bloomberg) —The first presidential debate between Donald Trump and Hillary Clinton drew more than 84 million viewers, making it the most-watched in history. The number snapped the previous record for the biggest debate audience set during the 1980 contest between Jimmy
*Obama’s Climate Legacy Under Fire as Power Plan Faces Test
published Sep 27th 2016, 7:29 pm, by Andrew Harris and Jennifer A. Dlouhy (Bloomberg) —President Barack Obama’s plan for shifting U.S. electrical power generation away from coal and toward cleaner sources was labeled in court as an illegal power grab that would force the creation of a “new energy economy.”
Five Things You Need to Know to Start Your Day
published Sep 27th 2016, 5:51 am, by Lorcan Roche Kelly (Bloomberg) — Iran kills any hopes of an oil deal, Deutsche Bank is under more pressure, and peso traders say Clinton won the debate. Here are some of the things people in markets are talking about today. Oil falls A
How to Play the Debate: A Personal-Finance Guide
published Sep 26th 2016, 6:17 am, by Suzanne Woolley (Bloomberg) — Listen closely tonight. It’s your money and your life. At 9 p.m. ET, in the first presidential debate of the season, Hillary Clinton and Donald Trump will be pressed, to a degree, for details of their various proposals. Jobs,
Trump’s Immigration Views Aren’t 100% Balderdash: Paula Dwyer
published Sep 26th 2016, 10:45 am, by Paula Dwyer (Bloomberg View) — Donald Trump can thank me later. Drawing from a new study on the economic effects of immigration, I’m going to make the best possible case for the positions he’s taking as the Republican nominee for president. Do immigrants