Bloomberg

Trader: All-time Highs Are No Valid Reason To Celebrate

Authored by Richard Breslow via Bloomberg, It’s hard to tell whose bluff was called last week, but the end result is that almost every systemically important central bank did more than blink. They caved. The question is, did they do so to keep...
Related topics: Banking

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10 Monday Am Reads

Welcome to Summer! Kick it off with our morning train reads: • Interest Rates Around the World Are Coming Down. What Investors Need to Know. (Barron’s) • Welcome to the Age of Surveillance Capitalism (Bloomberg) • The Boomers Ruined...

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Bbrg: Sec’s New ‘best Interest’ Rule Is Far From Best For Investors

SEC’s New ‘Best Interest’ Rule Is Far From Best for Investors The brokerage industry has again skirted the need to put investors first. Bloomberg, June 24, 2019.         The past decade has seen a big shift in how investors...

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Daimler Stock Plunges As Company Downgrades Guidance For Third Time In A Year

Daimler is haunted by old issues at the same time the global automotive industry appears to be in full collapse, and the company's new executive team is still "unearthing skeletons from the diesel scandal era", according to Bloomberg. The company...

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Bloomberg Brexit Barometer

Three years after Britain voted (June 23, 2016) to leave the European Union, warning signals for the U.K. economy are finally beginning to flash red. That’s a change. Until last December, forecasts of major disaster had largely been proven wrong...

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Macro Briefing: 24 June 2019

US plans to roll out new sanctions on Iran: Bloomberg Trump: deportations to start in 2 weeks without immigration reform: Politico How this week’s Trump-Xi meeting could influence markets: MW Bonds, stocks and currencies moving in sync more...
Related topics: Iran, Immigration

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Dear Jay Powell: It's Still The Eurodollar, Stupid!

Authored by Jeffrey Snider via Alhambra Investments, Behind The Blame Game After what is all but certain to be the final “rate hike” in this cycle, Bloomberg reported that President Trump had previously explored all possible legal...

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‘there’s No Good Remedy For A Delinquent President’: Bloomberg Editorial Board Blasts...

On Friday, the Bloomberg News editorial board took President Donald Trump to task for his reckless handling of the escalating tension with Iran, and said that his administration lacked the preparation or skills necessary to resolve the conflict....
Related topics: Donald Trump, Iran

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Republicans Block Ex-cons From Voting In Florida

Bloomberg: “Florida’s reputation as America’s tightest — and wildest — swing state should stay intact, as a battle over felons’ voting rights seems destined for the courts. At the least, it’s increasingly looking like...

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Bofa's Private Bank Goes On Hiring Binge To Try And Rope In New Wealthy Clients

Bank of America’s private bank, formerly known as U.S. Trust, is seeking to serve more wealthy clients and, as a result, is planning a 35% increase to its adviser base, according to Bloomberg. The division of the bank is slated to reach 600...
Related topics: Bank Of America, Banking

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Huawei Reportedly Sued Us Commerce Department Over Seized Equipment, Ramping Up Trade War Tensions

The Chinese tech company Huawei filed a lawsuit against the US Department of Commerce on Friday, Bloomberg reported. Huawei reportedly alleged that the US has "unlawfully withheld or unreasonably delayed agency action" on unspecified...
Related topics: Huawei, Lawsuits

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Publishers Warn Trade War Could Lead To Bible Shortages, "think Of The Children"

Christian book publishers are pleading with President Donald Trump not to impose "a Bible tax," reported Bloomberg. The US and China have been locked in a tit-for-tat trade war for more than one year, now risk the chance of a full-blown economic...
Related topics: Religion, Donald Trump, Taxes, China

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Rabobank: "we Are On The Verge Of Lunatic Monetary Policy And Lunatic Fiscal Policy...

Submitted by Michael Every of Rabobank Ups and Downings One Bloomberg headline says it all for markets: “All Time Highs in Everything American As Risk Rally Crescendoes” Yes, the S&P and Dow are at all-time highs and the talk is of when, not...
Related topics: Michael Bloomberg

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Father Who Paid $450,000 Bribe Is Last Of 14 Parents To Plead Guilty In Admission Scandal

A father who paid bribes to get his kids into USC as part of the largest ever college admissions scandal has pleaded guilty, according to Bloomberg. Toby MacFarlane admitted in court on Friday that he paid $450,000 in bribes and used phony athletic...

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Sprint Slides As 4 More State Ags Join The Court Battle Against Its Merger With T-mobile (s, Tmus)

Sprint tumbled as much as 5% on Friday after a report from Bloomberg said four more states are joining a lawsuit against the carrier's merger with T-Mobile.  Ten state attorneys general filed a lawsuit in early June in the Southern District of...
Related topics: Lawsuits

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Foxconn Founder Urges Apple To Move Production From China To Taiwan

Foxconn founder Terry Gou has said that Apple should move its manufacturing out of China, Bloomberg reports. “I am urging Apple to move to Taiwan,” Gou said in response to a question about whether Apple will move production away from China. “I...
Related topics: Foxconn, China, Taiwan

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This Is Not A Drill

How to Invest and Profit in the Next Recession A slump is likely in the next year or so. There are ways to prepare for it. Bloomberg, June 17, 2019     Ever since the Great Recession ended in June 2009, investors have been treated to a...

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Wework Is Being Sued For Age And Gender Discrimination

A female exec says she was fired after finding out WeWork paid one woman $38,000 less than a man in the same job. Two former execs at WeWork are suing the company, alleging age and gender discrimination, according to Bloomberg and the Wall Street...

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10 Friday Am Reads

My end of week morning train reads: • How Green Is My Bond? (CIO) • Slack: A short history (Andreessen Horowitz) • What’s Wrong With Modern Buildings? Everything, Starting With How They’re Made (Bloomberg) • Humans cannot bear too much...

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Slack Skyrockets To $21 Billion Valuation After Unusual Listing

(Bloomberg) — A parade of initial public offerings from Silicon Valley this year have garnered mixed receptions from investors. Slack Technologies Inc. took a different route on Thursday, and saw its shares soar as it went public without an...
Related topics: Initial Public Offering, Silicon Valley

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