Oil Is One More Headache For Emerging Asia’s Tightening Plans
published Sep 30, 2018, 4:00:00 PM, by Michelle Jamrisko (Bloomberg) — Emerging Asia economies that were already under stress amid a Federal Reserve policy-tightening cycle, stronger dollar and global trade tensions are bracing once again for a resurgence in inflation pressures as oil and gas prices tick higher. That’ll make
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
Musk Is Sued by SEC, Seeking a Ban, Over ‘Funding Secured’ Tweet
published Sep 27, 2018, 4:48:27 PM, by Matt Robinson (Bloomberg) — Elon Musk was accused by the Securities and Exchange Commission of misleading investors when he tweeted that he had funding lined up to take Tesla Inc. private. The SEC’s allegation, contained in a lawsuit filed fewer than two months
Trump Demands Vote on Kavanaugh and Praises Senate Testimony
published Sep 27, 2018, 6:53:03 PM, by Jennifer Jacobs, Laura Litvan and Steven T. Dennis (Bloomberg) — Donald Trump demanded a Senate vote on confirmation of Supreme Court nominee Brett Kavanaugh and praised his performance minutes after a hearing on sexual assault allegations against him. Kavanaugh’s testimony “was powerful, honest,
Revenge of Real Rates: 2018 Set for Worst Returns in Decade
published Sep 26, 2018, 12:30:55 PM, by Sid Verma and Luke Kawa (Bloomberg) — Even as U.S. stocks flirt with records, investors are staring at a cross-asset landscape that hasn’t been painted with this much red since the depths of the financial crisis. The dollar’s upswing, brewing price pressures and
Trump Signs Order to Help Small Companies Offer Retirement Plans
published Aug 31, 2018, 2:42:17 PM, by Justin Sink (Bloomberg) — President Donald Trump signed an executive order Friday directing his administration to make it easier for small businesses to band together to set up retirement-savings plans. “Small businesses will no longer be at a competitive disadvantage and small business
McDonald’s Switches to Cleaner Cheese, Buns in Latest Menu Scrub
published Sep 26, 2018, 12:30:00 PM, by Leslie Patton (Bloomberg) — McDonald’s Corp. is getting rid of some preservatives and fake colors from its burgers in the chain’s latest attempt to clean up its menu. The fast-food giant has removed artificial preservatives from its American cheese, buns and Big Mac
Who Lost in Financial Crisis? Ordinary Americans: Nir Kaissar
published Sep 13, 2018, 4:00:36 AM, by Nir Kaissar (Bloomberg Opinion) — Bloomberg Opinion marks the 10th anniversary of Lehman’s bankruptcy with a collection of columns from around the world. A decade after the collapse of Lehman Brothers Holdings Inc., there are still arguments about who was responsible for the
Israel and Saudis Cheer Trump on Iran Moves While Europe Recoils
published Sep 25, 2018, 5:04:37 PM, by David Wainer (Bloomberg) — While U.S. President Donald Trump struggles to convince the world to follow his lead on Iran, he’s got at least three key allies firmly on his side. Blocks away from the UN, where Trump gave a speech Tuesday excoriating
Trump Administration Fails to Halt Lawsuits Over Census Question
published Sep 25, 2018, 5:01:52 PM, by Chris Dolmetsch (Bloomberg) — The Trump administration failed to stop lawsuits over its decision to ask residents about their citizenship on census forms and Acting Assistant Attorney General John Gore will be required to answer questions under oath. A federal appeals court in