Asian Stock Rally Stalls; U.S. Curve Flattens: Markets Wrap
published Dec 3, 2018 6:15:34 PM, by Cormac Mullen (Bloomberg) — Asian stocks slipped Tuesday, signaling fading investor applause for the U.S.-China trade truce. A portion of the Treasury yield curve inverted for the first time in more than a decade. Stocks in Japan, Korea and Australia posted modest losses
There Is a Magic Bullet for Some Cancers. What If It Misses?
published Dec 3, 2018 6:25:48 PM, by Michelle Cortez (Bloomberg) — Shahzad Bhat, 53, was working at the MGM Mansion in Las Vegas when his doctor gave him three months to live in October 2017. There were no more treatments available for his aggressive form of lymphoma. Like some of
Data Is Money for Fintech That Helped Coke Put Names on Bottles
published Dec 2, 2018, 2:00:00 AM, by Alastair Marsh (Bloomberg) — When Brian Cassin’s daughter saw a bottle of Diet Coke with her name on it at the airport, she told her father she had to have it. The personalized trinket from an iconic brand was, for her dad, another
Five Things You Need to Know to Start Your Day
published Dec 2, 2018, 6:10:23 PM, by Adam Haigh (Bloomberg) — The U.S. and China agree to a truce in the trade war, markets are showing signs of relief, and it’s a busy week for economic data culminating in Chinese trade figures on Friday. Here are some of the things
Trump Sees a Meeting With North Korea’s Kim as Soon as January
published Dec 2, 2018, 6:56:50 PM, by Jennifer Epstein (Bloomberg) — U.S. President Donald Trump said he expects to hold a second summit with North Korea Leader Kim Jong Un as soon as next month and that three locations are being considered. “I think we’re going to do one, fairly,
Corporate America Wins Some Reprieves in IRS’s Foreign Tax Rules
published Nov 29, 2018, 4:17:09 PM, by Laura Davison (Bloomberg) — U.S. companies won some concessions from the Internal Revenue Service following proposed regulations that would soften the blow of a new foreign tax — but the rules didn’t go as far as the business community had hoped. The agency
Oil Market Hinges on Saudi Dilemma: Bust Budget or Anger Trump?
published Nov 29, 2018, 6:01:02 PM, by Javier Blas (Bloomberg) — The choice facing Saudi Arabia at next week’s OPEC meeting is dramatic: cut oil production and enrage Donald Trump, or keep pumping and risk ultra-low prices blowing up its economy. For Mohammed bin Salman, the kingdom’s crown prince and
Trump’s New Nafta Deal to Be Signed on Friday as Hurdles Remain
published Nov 29, 2018, 5:56:58 PM, by Josh Wingrove, Jenny Leonard and Eric Martin (Bloomberg) — The U.S., Canada and Mexico will sign their new trade deal Friday following a year of intense negotiations to revamp the continent’s free trade zone — and after President Donald Trump’s threats to kill
There’s No Need for a New Cold War With China: Editorial
published Nov 28, 2018, 6:30:18 PM, by The Editors (The Bloomberg View) — This weekend’s G-20 summit in Buenos Aires matters less for the main proceedings than for U.S. President Donald Trump’s expected encounter with Chinese President Xi Jinping. Trump has lately seemed intent on escalating their quarrel over trade,
Less Than Half of U.S. Factories Expect Tariff Price Impact
published Nov 28, 2018, 6:01:00 PM, by Alex Tanzi (Bloomberg) — Less than half of U.S. manufacturers think that President Trump’s tariff and trade war will lead to higher domestic prices for their goods in the U.S. through 2020, according to a new survey from IHS Markit. The survey data was