Trump Apologizes to Kavanaugh and Declares Him `Proven Innocent’
published Oct 8, 2018 7:45:33 PM, by Toluse Olorunnipa and Greg Stohr (Bloomberg) — President Donald Trump apologized to Brett Kavanaugh for the bitter battle over his confirmation to the Supreme Court and declared him “innocent” of the sexual assault allegations that nearly derailed his nomination. “On behalf of our
An Early Warning Sign for the World’s Priciest Homes Is Flashing Sell
published Oct 5, 2018 3:46:15 AM, by Kana Nishizawa (Bloomberg) — A reliable leading indicator for the world’s least affordable housing market is sending a sell signal for the first time in three years. Losses in the Hang Seng Properties Index on Thursday left the gauge of Hong Kong real
Apple Tells Congress That Global Supply Chain Wasn’t Compromised
published Oct 8, 2018 7:00:05 PM, by Anna Edgerton (Bloomberg) — Apple Inc. told U.S. lawmakers that its servers weren’t compromised and sought to assure them that the company’s global supply chain is secure. In a letter to the chairmen and ranking Democrats on the House and Senate Commerce committees,
U.S. Dollar Dependence Sets Markets for `Liquidity Crunch’
published Oct 7, 2018, 7:37:42 PM, by Christopher Anstey (Bloomberg) — The current run-up in U.S. Treasury yields and the dollar poses a major stress test for a global financial system that has become even more dependent on the American currency since the last credit conflagration. Mehul Daya and Neels
Strong Economy Brings Out Strong Partisanship: Ramesh Ponnuru
published Oct 5, 2018, 5:00:17 AM, by Ramesh Ponnuru (Bloomberg Opinion) — There are two partisan temptations to avoid when thinking about a strong economy: One is to assume it’s all your party’s doing; the other is to pretend it isn’t strong. Both sides are currently having difficulty resisting these
Florida Calls Emergency Ahead of Expected Hurricane Michael
published Oct 7, 2018, 12:01:56 PM, by Meghan Genovese and Charles Stein (Bloomberg) — Florida Governor Rick Scott plans to issue an executive order declaring a state of emergency for counties in the Florida Panhandle and Big Bend as the state continues to monitor and prepare for a probable hurricane
Globalization Is Alive and Well, in Regional Deals: Daniel Moss
published Oct 4, 2018, 5:00:14 PM, by Daniel Moss (Bloomberg Opinion) — Give South Korean President Moon Jae-in marks for boldness. The Korean Peninsula seems an unlikely place to plant the seeds of a northeast Asian version of the European Union. Yet that is what Moon is proposing to do
Kavanaugh Says He May Have Been Too Emotional at Senate Hearing
published Oct 4, 2018, 7:10:59 PM, by Laurie Asséo (Bloomberg) — Supreme Court nominee Brett Kavanaugh wrote in an opinion article Thursday that he “might have been too emotional” and “said a few things I should not have said” during last week’s Senate hearing on sexual assault allegations against him.
Pence Casts China as Republican Campaign Foe in Harsh Speech
published Oct 4, 2018, 7:15:58 PM, by Toluse Olorunnipa and David Tweed (Bloomberg) — Vice President Mike Pence laid out allegations of Chinese election interference in a harshly worded speech Thursday, signaling a firmer U.S. pushback against Beijing as trade anxiety weighs on the looming midterm congressional elections. Pence accused
Investors Hone in on U.S. Data as Yields Surge Most Since 2016
published Oct 3, 2018, 5:00:00 PM, by Emily Barrett (Bloomberg) — Economic data have returned to the forefront for investors in U.S. Treasuries, and may be turning the market around. Ten-year Treasury yields staged their strongest single-day upswing since November 2016 on Wednesday, driving the rate to the highest since