Investors Love Chinese Tech Stocks
published Sep 19, 2018, 1:42:20 PM, by Shelly Hagan and Drew Singer (Bloomberg) — X Financial rose 114 percent in its first trading day before paring gains to 24 percent, reinforcing signs that investors are embracing Chinese tech companies listing on U.S. exchanges. The peer-to-peer lending firm is the latest
Parsing the Fed’s Labor Participation Puzzle: Eco Research Wrap
published Sep 18, 2018, 9:00:00 AM, by Jeanna Smialek (Bloomberg) — In the 2000 film Miss Congeniality, the beauty pageant contestant from Rhode Island is asked to describe her perfect date. She answers that it’s April 25 “because it’s not too hot, not too cold.” Call this America’s April 25
October Is Brexit’s `Moment of Truth,’ Barnier Tells U.K.
published Sep 18, 2018, 4:19:20 PM, by Ian Wishart (Bloomberg) — The European Union’s chief Brexit negotiator warned U.K. Prime Minister Theresa May that substantial progress on the U.K.’s orderly withdrawal from the bloc is needed next month if there’s to be a deal. “October will be the moment of
Trump Feels Badly for Kavanaugh as Democrats Seek More Witnesses
published Sep 18, 2018, 4:00:31 PM, by Laura Litvan, Steven T. Dennis and Erik Wasson (Bloomberg) — President Donald Trump said he feels “terribly” that Supreme Court nominee Brett Kavanaugh is facing a decades-old sexual assault allegation, while Democrats criticized as inadequate Republicans’ plan to hold a public hearing in
Yes, Colleges Have Too Many Liberal Professors: Cass R. Sunstein
published Sep 17, 2018, 11:20:16 AM, by Cass Sunstein (Bloomberg Opinion) — Suppose that you start college with a keen interest in physics, and you quickly discover that almost all members of the physics department are Democrats. Would you think that something is wrong? Would your answer be different if
AI Threatens to Devastate Jobs in Developing World: Kai-Fu Lee
published Sep 17, 2018, 5:00:15 PM, by Kai-Fu Lee (Bloomberg Opinion) — Most studies of the impact of artificial intelligence on jobs and the economy have focused on developed countries such as the U.S. and Britain. But through my work as a scientist, technology executive and venture capitalist in the
U.S. Will Spare Some Apple Products From New China Tariffs
published Sep 17, 2018, 7:42:04 PM, by Jenny Leonard and Saleha Mohsin (Bloomberg) — The Trump administration spared a category of high-tech products that includes the Apple Watch and AirPods headphone from the next round of tariffs it has imposed on Chinese goods, according to the office of the U.S.
Maybe This Financial System Can’t Be Fixed: Cathy O’Neil
published Sep 14, 2018, 4:00:36 AM, by Cathy O’Neil (Bloomberg Opinion) — Ten years after a crisis that brought the world to the brink of Armageddon, the people overseeing the world’s largest economy insist they’ve reduced the risk of another financial disaster. Just one problem: We need a different financial
A Roadmap for the Great U.S.-China Divorce: Christopher Balding
published Sep 16, 2018, 6:00:16 PM, by Christopher Balding (Bloomberg Opinion) — As the trade war between the U.S. and China drags on with new tariffs and no end in sight, we need to ask ourselves: What do they want? A fundamental objective for both is to become less reliant
As Pope Faces Crisis in Rome, Cardinal Warns of Split in China
published Sep 16, 2018, 6:01:00 PM, by John Follain (Bloomberg) — While Pope Francis battles rare criticism from senior clergy in the Vatican, he’s facing a warning that the Roman Catholic Church risks devastating division from Asia. Cardinal Joseph Zen — the retired but still outspoken former archbishop of Hong