U.S. Stocks Decline on Tech Woes; Dollar Rallies: Markets Wrap
published Nov 12, 2018, 3:07:30 PM, by Vildana Hajric and Sarah Ponczek (Bloomberg) — U.S. stocks started the week on a sour note, with tech shares tumbling as Apple Inc. faltered on signs of weak iPhone demand. The dollar rose, and the pound slid as the U.K.’s premier fought to
Netflix to Test Lower-Price Plans as It Seeks More Asia Users
published Nov 12, 2018, 6:01:23 PM, by Lucas Shaw (Bloomberg) — Netflix Inc. said it will test a lower-priced version of its film and television streaming service in some markets to boost sales. The company hasn’t committed to lowering prices anywhere, but does want to experiment, Chief Executive Officer Reed
Even Dollar Bears Are Wary of Betting Against Greenback Just Yet
published Nov 11, 2018, 4:00:00 PM, by Sydney Maki (Bloomberg) — Dollar bears may want to hibernate this winter. Although many currency strategists see the greenback resuming its downtrend in 2019, some are advising investors to keep their powder dry for now. The Bloomberg dollar index climbed as much as
Ontario Needs to Slay Its `Deficit Monster,’ TD Bank Says
published Nov 7, 2018, 1:07:00 PM, by Esteban Duarte (Bloomberg) — Finances in Ontario, already one of world’s most indebted regions, will get a whole lot worse if the government follows through on its campaign pledges. The budget deficit in Canada’s most populous province is poised to jump almost 50
Asian Stocks Start Week With Declines; Pound Slips: Markets Wrap
published Nov 11, 2018, 6:17:03 PM, by Adam Haigh and Andreea Papuc (Bloomberg) — Asian stocks kicked off the week with declines following a weak U.S. session on Friday. The pound slipped as U.K. Prime Minister Theresa May fought to keep her Brexit divorce plan alive. Shares fell in Japan,
Acosta, Christie Said to Be on Short List for Attorney General
published Nov 8, 2018, 6:05:35 PM, by Jennifer Jacobs and Steven T. Dennis (Bloomberg) — Labor Secretary Alex Acosta, former New Jersey Governor Chris Christie, and U.S. Appeals Court Judge Edith Jones are among the people White House aides and outside advisers are considering to replace Jeff Sessions as the
How Do Asia Firms Keep Top Women? Remove Stigmas, Act Boldly
published Nov 4, 2018, 3:00:27 PM, by Livia Yap, Chanyaporn Chanjaroen, Melissa Cheok and Bhuma Shrivastava (Bloomberg) — Women managers and executives are in big demand in Asia, which makes keeping the ones you’ve got even more crucial. More than three-quarters of large organizations globally are looking to add more
Wall Street Faces Subpoenas, More Deregulation From Divided D.C.
published Nov 7, 2018, 9:39:07 AM, by Elizabeth Dexheimer (Bloomberg) — Wall Street, fasten your seat belts. Now that Democrats have taken control of the House, Representative Maxine Waters is in line to lead the financial services committee, a panel with significant clout over banks, investment firms and their regulators.
Trump Dials Up Trump as Democrats Take House: Balance of Power
published Nov 8, 2018, 5:07:51 AM, by Kathleen Hunter (Bloomberg) — Want to receive this post in your inbox every day? Sign up for the Balance of Power newsletter, and follow Bloomberg Politics on Twitter and Facebook for more. The world got its first glimpse yesterday of how Donald Trump
Jobless Claims Fell Last Week Amid Tight U.S. Labor Market
published Nov 8, 2018, 7:30:01 AM, by Katia Dmitrieva (Bloomberg) — U.S. filings for unemployment benefits held near an almost five-decade low, indicating a robust job market, Labor Department figures showed Thursday. Jobless claims decreased by 1,000 to 214,000 in the week ended Nov. 3, in line with the median