Bond Traders Try Hard to Invert the Whole Curve: Robert Burgess
published Dec 4, 2018, 3:27:11 PM, by Robert Burgess (Bloomberg Opinion) — Stocks plunged the most since October on Tuesday, with the Dow Jones Industrial Average at one point plummeting 818 points. The thinking among commentators was that the sell-off was sparked by some tweets from President Donald Trump, calling
Reunited, But Does it Feel So Good?: World Economy This Week
published Dec 6, 2018, 6:01:11 PM, by Michelle Jamrisko (Bloomberg) — It was a weird week for the trade war, and chasing the post-G-20 jockeying kept markets busy while monetary policy doves quietly got the best of some tough decisions for central banks. Europe is still in crisis mode on
How to Survive the Trade War If You’re an American Firm in Asia
published Dec 6, 2018, 6:48:26 PM, by Michelle Jamrisko (Bloomberg) — U.S. firms operating in Asia are adapting to global trade uncertainty with a range of survival tactics, from re-branding products to tweaking their supply chains. “All of the tools in the toolbox are being utilized,” said Cindy Owens, an
World’s Biggest Game Is Coming for Apple and Google’s App Stores
published Dec 5, 2018, 3:42:13 PM, by Gerrit De Vynck (Bloomberg) — Epic Games Inc., maker of the monster hit Fortnite, announced a new online store this week that could eventually put pressure on Apple and Google to relinquish some control over their own app stores. Epic’s new store will
Earthquakes in Heart of Texas Oil Country Spur Water Crackdown
published Dec 5, 2018, 4:38:03 PM, by Ryan Collins and David Wethe (Bloomberg) — Texas is considering new restrictions on how shale explorers dispose of wastewater from oil drilling as earthquakes rattle the largest oil-producing American state. The new rules would target how much and at what pressure briny water
India Claims Top Ten in List of World’s Fastest-Growing Cities
published Dec 5, 2018, 5:01:00 PM, by Xiaoqing Pi (Bloomberg) — When it comes to the top 10 cities for economic growth, India is set to dominate over the next two decades, according to Oxford Economics. Surat, a diamond processing and trading center in the north-western state of Gujurat, will
Japan Needs to Change Its Attitude to Foreigners: Editorial
published Dec 4, 2018, 4:30:19 PM, by The Editors (The Bloomberg View) — Even as politicians in the U.S. and Europe rage about foreigners supposedly swamping their shores, one of the world’s most insular countries — Japan — is on the verge of passing what might be its most sweeping
Trump Said to Lift Carbon-Capture Mandate for New Coal Plants
published Dec 4, 2018, 7:15:55 PM, by Jennifer A. Dlouhy (Bloomberg) — The Trump administration will propose scrapping an Obama-era mandate that new coal-fired power plants use carbon-capture technology, removing a major barrier to constructing the facilities, according to a person familiar with the plans. The Environmental Protection Agency is
New York Sets Minimum Wage for Uber, Lyft Drivers
published Dec 4, 2018, 5:12:45 PM, by Joshua Brustein (Bloomberg) — New York City’s Taxi and Limousine Commission voted Tuesday to set a minimum wage for Uber and Lyft drivers, marking the first time a government in the U.S. has imposed wage rules on ride-hailing companies. Under the new rules,
Wall Street Rule for the #MeToo Era: Avoid Women at All Cost
published Dec 3, 2018 8:59:09 AM, by Gillian Tan and Katia Porzecanski (Bloomberg) — No more dinners with female colleagues. Don’t sit next to them on flights. Book hotel rooms on different floors. Avoid one-on-one meetings. In fact, as a wealth adviser put it, just hiring a woman these days