Business

Business

Love Trump? Hate him? That's no way to invest

(c) 2017, Bloomberg. From weeks before the election right up until Friday, talking heads have been telling us how momentous Donald Trump’s inauguration will be for the stock market. First, the pundits warned us of an imminent market slump. Then, when the markets defied their expectations and...


Business

Deutsche Bank burden in U.S. settlement eased by fine print

(c) 2017, Bloomberg. Deutsche Bank sought an unusual provision in its $7.2 billion mortgage-bond settlement with the U.S. government, and seems to have won it: The bank can pay down part of its penalty by lending money to fund managers. As part of the agreement, Germany’s largest bank has to...


Business

Trump just outlined his top priorities for trade and the economy

(c) 2017, The Washington Post. President Donald Trump’s priorities for the dramatic economic transformation that he promised on the campaign trail began to take shape just minutes after he was sworn in Friday, with the new administration outlining its plans on the revamped White House website....


Business

New Puerto Rico governor prepared to 'work with the markets'

(c) 2017, Bloomberg. Puerto Rico Governor Ricardo Rossello said his administration will be willing to pay what it can as he begins negotiations with creditors, striking a more conciliatory tone than a predecessor who oversaw a series of record-setting defaults. In an interview with Bloomberg News,...


Business

Trump administration overturns Obama's FHA mortgage-fee cut

(c) 2017, Bloomberg. The Trump administration overturned a mortgage-fee cut under a government program that’s popular with first-time home buyers and low-income borrowers. The Department of Housing and Urban Development on Friday said the agency is canceling a reduction announced last week while...


Business

Nigel Farage, who helped lead Brexit, to be Fox News contributor

(c) 2017, Bloomberg. Nigel Farage, the former U.K. Independence Party leader who helped lead the successful Brexit campaign, will become a contributor on Fox News. Farage, 52, the first foreign politician to meet with Donald J. Trump after his presidential victory in November, will provide prime-...


Business

A year later, Sundance grapples with 'Birth of a Nation'

2017 Sundance Film Festival

PARK CITY, Utah (AP) — What started as a Sundance celebration turned into a cautionary tale. No one foresaw the ultimate collapse of Nate Parker’s “Birth of a Nation” after its stellar reception at the Sundance Film Festival last year, when perfect timing, immense hype and a vigorous bidding war...


Business

Trump China trash talk risks collateral damage to global economy

(c) 2017, Bloomberg. China may be growing at its slowest annual pace since 1990, but it’s still the powerhouse of global growth. That’s something Donald Trump’s trade hawks will need to consider if they’re truly serious about risking a conflict with China to win economic concessions. Not only would...


Business

P&G gets boost from push to get shoppers to buy pricier products

(c) 2017, Bloomberg. Procter & Gamble Co.‘s drive to sell more upscale skin-care, grooming and house-cleaning products is beginning to show up in its bottom line. Sales of its premium brands helped lift earnings to $1.08 a share last quarter, excluding some items. Analysts estimated $1.06, on...


Business

For Donald Trump's wealthy appointees, death may be certain but taxes aren't


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