How Should Stock Exchanges Make Money? The NYSE Has Some Ideas
published Oct 3, 2018, 4:17:46 PM, by Nick Baker (Bloomberg) — The New York Stock Exchange proposed that U.S. regulators revise their test of how equity exchanges get paid and suggested freezing the rates that exchanges charge for market data, which are viewed by many investors and traders as already
World’s Biggest Wealth Fund Beefs Up Case for Dumping Oil Stocks
published Oct 3, 2018, 6:00:00 PM, by Mikael Holter (Bloomberg) — Norway’s $1 trillion sovereign wealth fund is building its case for divesting its massive holdings of oil and gas stocks. In a presentation last month to key lawmakers obtained by Bloomberg, the fund’s chief executive officer, Yngve Slyngstad, said
Facebook’s Lead Board Member Backs Zuckerberg in Wake of Breach
published Oct 2, 2018, 4:03:12 PM, by Sarah Frier and Emily Chang (Bloomberg) — Facebook Inc. lead independent board member Susan Desmond-Hellmann said Mark Zuckerberg is the right leader to tackle the company’s user trust problems in the wake of recent privacy lapses. The company’s board has faced several shareholder
If Amazon Wants to Buy Lions Gate, the Price Tag Is Going Up
published Oct 2, 2018, 4:37:42 PM, by Kamaron Leach (Bloomberg) — Lions Gate Entertainment Corp. investors, betting that Amazon.com Inc. could be an acquirer of the film and TV studio, have made it an increasingly expensive target. The company’s market value has risen by more than $400 million in the
The Dow Is Hot. The Rest of the Market Is Not: Robert Burgess
published Oct 2, 2018, 3:28:49 PM, by Robert Burgess (Bloomberg Opinion) — The Dow Jones Industrial Average rose to a record Tuesday, and the S&P 500 Index was on the verge of doing the same. Those would surely be good signs, as President Donald Trump’s Twitter feed has pointed out
GE Should Have Gone a Step Further: Brooke Sutherland
published Oct 1, 2018, 12:34:53 PM, by Brooke Sutherland (Bloomberg Opinion) — “We need to hold teams accountable for the results,” John Flannery said last year on his first earnings call as GE’s CEO. On Monday, GE proved it’s doing just that, and it was Flannery who took the fall
Emerging-Market September Landmarks Point to Rally Into Year-End
published Oct 1, 2018, 6:00:01 PM, by Srinivasan Sivabalan and Selcuk Gokoluk (Bloomberg) — Is the second rebound in emerging-market assets going to be the real one? Developing-nation stocks and currencies seemed to rally from mid-August, only to resume declines as the U.S.-China trade war heated up. That changed from
The America First Trade Is Unwinding
published Oct 1, 2018, 1:52:37 PM, by Lu Wang (Bloomberg) — The America First trade that has divided financial markets this year continues to unwind, with the latest evidence showing in U.S. stocks. Thanks to President Donald Trump’s trade deal with Canada and Mexico, global growth bellwethers such as Boeing
U.S. Oil Wins as Major Crude Buyer Works to Fill Iran Gap
published Sep 26, 2018, 5:00:33 AM, by Heesu Lee (Bloomberg) — After South Korea became the first of Iran’s major oil customers to reduce imports to zero under American pressure, the nation’s biggest refiner is seeking alternative supplies to fill the gap. And U.S. crude is on the list. SK
Tesla Tumbles Most Since 2015 on Worries of Musk-Less Future
published Sep 28, 2018, 10:08:00 AM, by Dana Hull, Keith Naughton and David Welch (Bloomberg) — It’s nearly impossible to imagine Tesla Inc. without Elon Musk, its chairman, CEO, largest shareholder and public face. But a U.S. Securities and Exchange Commission lawsuit has raised questions about the executive’s future at