Copper Tumbles Into a Bear Market
published Aug 15, 2018, 6:00:00 PM, by Susanne Barton (Bloomberg) — Copper plunged into a bear market as concerns mount that Turkey’s financial crisis and the U.S.-China trade spat will stymie global economic growth. The red metal for delivery in three months fell 4 percent to settle at $5,801 a
Good Ideas Are Also an Important U.S. Export: Tyler Cowen
published Aug 14, 2018, 10:30:17 AM, by Tyler Cowen (Bloomberg Opinion) — If you are a believer in free markets, you might be tempted to be pleased by some of the more positive policies of the Trump administration: lower corporate tax rates, more market-friendly judges, a greater emphasis on deregulation.
Apple Looks to Services to Move Beyond iPhone Price Ceiling
published Aug 1, 2018, 9:54:26 AM, by Mark Gurman (Bloomberg) — Apple Inc. investors have wondered for years what comes after the iPhone. The answer is a growing collection of services and accessories that increasingly rely on the device, rather than replace it. The latest quarterly results confirmed that Apple
Two of Tesla’s Largest Holders Cut Stakes by More Than 20%
published Aug 14, 2018, 4:14:06 PM, by Miles Weiss (Bloomberg) — Fidelity Investments and T. Rowe Price Group Inc., two of the largest investors in Tesla Inc., disclosed that they each cut their stakes in the electric automaker by more than 20 percent. The moves came in the second quarter,
Active Money Management Isn’t Going to Disappear: Barry Ritholtz
published Aug 13, 2018, 5:00:12 AM, by Barry Ritholtz (Bloomberg Opinion) — There’s a line of argument in the financial press that suggests that active money management is dying, a victim of high fees and underperformance versus low-cost indexing that captures average market returns. Newsflash: This is anything but the
How Emerging-Market Investors Are Playing Turkey’s Crisis
published Aug 13, 2018, 6:00:01 PM, by Paul Wallace and Netty Ismail (Bloomberg) — As emerging markets take a battering from Turkey’s turmoil, sending stocks and bonds toward their lowest this year, traders are positioning themselves to ride out the pain. Traders pushed down the value of emerging market assets
This Tech Investor Wants to Turn His Father’s GOP House Seat Blue
published Aug 13, 2018, 3:34:26 PM, by Lizette Chapman (Bloomberg) — Families divided by politics is a now-familiar story. But the Goodlattes are heightening the drama with a Silicon Valley spin. On Twitter on Sunday, tech investor and early Facebook Inc. designer Bobby Goodlatte threw his support to the Democrat
Challenge to Biggest Idea in Behavioral Finance: Barry Ritholtz
published Aug 9, 2018, 8:00:08 AM, by Barry Ritholtz (Bloomberg Opinion) — A recent paper summarized in Scientific American raises an intriguing question: Is one of the founding theories of behavioral finance known as loss aversion — the idea that people place more weight on avoiding losses than gains —
Many of the Best Wall Street Jobs for Women Aren’t on Wall Street
published Aug 10, 2018, 6:01:03 AM, by Liz Capo McCormick and John Gittelsohn (Bloomberg) — Women who want to manage money seem to be having better luck doing it someplace other than Wall Street. U.S. firms with the highest share of female portfolio managers are located thousands of miles from
Saudi Fund in Talks to Invest in Tesla Buyout Deal
published Aug 12, 2018, 6:00:00 PM, by Matthew Martin, Ruth David and Claire Boston (Bloomberg) — Saudi Arabia’s sovereign wealth fund is working to be part of any investor pool that emerges to take Tesla Inc. private, as Elon Musk enters a week where his plan will draw added scrutiny