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The Man Who Could Eat Half the Profit in Fund Management

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In June 2016, he laid bare the asset management industry's dirty little secrets: actively managed products haven't performed better than their benchmarks ...

US Hints at China Truce as World Warns of Trade-War Threat

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U.S. Treasury Secretary Steven Mnuchin said he's considering a trip to China amid a trade dispute with Beijing that finance chiefs warn could derail the global economic upswing. Mnuchin speaks during a briefing at the IMF spring meetings…

Stormy Daniels’s Former Lawyer Cooperating in Cohen Probe

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The former attorney for two women who claim they were paid to keep quiet about having sex with Donald Trump before he was elected president is cooperating ...

Central Banks Fret Trade War More Deflationary Than ...

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Global central bankers sounded the alert that a trade war would leave them worrying more about the economic fallout than any boost tariffs would give to ...

Top Stories in last day

11

Down In Saudi Amnesia, They're Partying Like It's 2008 ...

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Is this really 2018? It started to sound a lot like 2008 in Saudi Arabia on Friday, as the kingdom's oil minister argued that the world could tolerate a ...

08

Abraaj Said to Delay Hospital IPO as Firm Pursues CIRA ...

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Abraaj Group, roiled by allegations of misused money, is delaying the initial public offering or sale of its North African hospitals business while it ...

03

RBNZ's Orr Says New Zealand Bank Culture Better Than ...

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New Zealand’s banking sector doesn’t share the cultural problems that are coming to the surface at an inquiry into misconduct in Australia’s ...

20

Criticism of Christians and Chick-fil-A Has Troubling ...

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The New Yorker has been taking it on the chin lately for its essay about Chick-fil-A’s “infiltration” of New York City. Although most of the piece is ...

18

Senegal Approves Sale of Tigo to Group Led by French ...

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Senegal approved the sale of Millicom International Cellular SA’s mobile-phone business in the country to a group of investors that includes French ...

16

PokerStars Owner to Buy UK's Sky Betting in $4.7 Billion Deal

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The Stars Group Inc. agreed to buy Sky Betting & Gaming in a deal valued at $4.7 billion, the biggest acquisition yet by Chief Executive Officer Rafi Ashkenazi as the owner of PokerStars moves to create what will be the biggest publicly…

South America Stands to Benefit From a Trade War It Doesn ...

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Some South American commodity producers may see their fortunes rise from the trade spat between the U.S. and China. But none are rejoicing, at least not ...

Trump Versus Bezos: They May Both Be Right - Bloomberg

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And, more recently, this. And this. The self-appointed fact-checkers in the press were quick to note that the president's claim of Amazon taking advantage ...

Canada Goose: From Warm Coat to Hot Fashion - Bloomberg

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Not long ago, I dashed off a quick email to Mickey Drexler, the former chief executive of J. Crew and perhaps the greatest merchant of his generation, to ...

14

Brazil Cheers IMF's Revised Forecast - Bloomberg

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With Brazilian economists cutting their growth forecasts for the Latin American giant, the country’s top policy makers welcomed an upward revision by the ...

Trump Hails `Big Progress' as Kim Vows to Extend Freeze on Tests

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U.S. President Donald Trump hailed “big progress” as North Korean leader Kim Jong Un pledged to halt nuclear testing, a largely symbolic gesture that appeared aimed at softening the ground for talks between the two leaders. Kim told a…

Saturday, Apr 21

Canadian Pacific, Rail Unions Reach Deal to Avoid Canada ...

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Canadian Pacific Railway Ltd. and two of its unions reached a last-minute agreement to stave off a strike that threatened to snarl traffic at Canada’s ...

North Korea Says to Dismantle Nuclear Site, Stop Weapons ...

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North Korea has achieved its goal of developing nuclear weapons and is suspending further nuclear or intercontinental ballistic missile tests, its state ...

Friday, Apr 20

Trump Slams OPEC as Cartel Pushes Harder for High Oil Prices

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U.S. President Donald Trump slammed OPEC for inflating oil prices after the cartel showed a willingness to further tighten crude markets. “Looks like OPEC is at it again,” Trump said on Twitter, not long after energy ministers finished…

GE Stands by Profit Forecast, Brushing Off Wall Street’s Worries

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General Electric Co. is having a good earnings day. Yes, you read that right. The beleaguered manufacturer reported solid results, reaffirmed its profit forecast and avoided the kind of nasty surprises that marred earnings in recent…

Wells Fargo Fined $1 Billion Over Consumer-Business Missteps

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Wells Fargo & Co. will pay $1 billion to settle U.S. probes into mistreatment of consumers, the largest sanction of a U.S. bank under President Donald Trump, as the firm tries to resolve a year and a half of scandals across its operations.…

Comey Memos Show Trump Sought Loyalty, End to Probe ...

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President Donald Trump praised James Comey for his honorable conduct during the 2016 campaign, sought out his loyalty, and asked the FBI director to let go ...

Thursday, Apr 19

Rosenstein Tells Trump He's Not a Target in Mueller, Cohen Probes

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Deputy Attorney General Rod Rosenstein told President Donald Trump last week that he isn't a target of any part of Special Counsel Robert Mueller's investigation or the probe into his longtime lawyer, Michael Cohen, according to several…

What If Tesla's Time Is Running Out?

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Incrementalism doesn't make for the best sales pitch, especially in Silicon Valley. That certainly wasn't how Tesla Motors—now just Tesla Inc.—was sold to investors. When Elon Musk, the company's chief executive officer, published his “…

Trump Says He'll Abandon Kim Talks If They're Not 'Fruitful'

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President Donald Trump said he'll abandon plans for an unprecedented summit with North Korean leader Kim Jong Un if he decides it won't be successful -- or walk out of the meeting if it's not productive while he's there. “If we don't think…

Cigna-Express Scripts Deal to Face Justice Department ...

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Cigna Corp.’s proposed $54 billion deal for Express Scripts Holding Co. will be reviewed by the Department of Justice, the health insurer said. The ...

Wednesday, Apr 18

Asia Stocks Face Mixed Start; Treasuries Retreat: Markets ...

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Asian stocks headed for a mixed start following a U.S. session dominated by the drop in Treasuries, as investors continue to assess the speed of monetary ...

Odd Spike in Wall Street Fear Gauge Awakens Manipulation ...

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MRA strategist sees evidence the gauge may have been ‘gunned’ The monthly settlement of the VIX has left investors feeling decidedly unsettled. Pravit ...

Trump and Kim May Meet in Sweden or Switzerland, Sources Say

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Sweden and Switzerland are among the places the White House is considering for an unprecedented summit between President Donald Trump and North Korean leader Kim Jong Un, according to people familiar with the matter. Trump confirmed on…

Investors Are Getting Worried About an Inverted Yield ...

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To Citigroup Inc., the chances are slim that the U.S. enters a recession anytime soon. Officials at the Federal Reserve feel the same way. Yet both camps ...

Tuesday, Apr 17

Mnuchin Says Taxpayers to Get Extension After IRS Site Crashes

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The Treasury Department will grant extra time to U.S. taxpayers who have been unable to submit their returns electronically after a computer malfunction disrupted the IRS website. “We'll make sure taxpayers have extensions once the system…

Starbucks Will Close More Than 8000 US Stores on Afternoon of May 29

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Employees. New York (AP) -- Starbucks will close more than 8,000 US stores on afternoon of May 29 to conduct racial-bias education for employees. Quotes from this Article. Before it's here, it's on the Bloomberg Terminal. LEARN MORE · Have…

Trump Loses Initial Bid to Review Cohen Records Seized by ...

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President Donald Trump suffered a setback as a federal judge rejected his initial request to keep prosecutors from reviewing evidence seized last week from ...

Teslas and Porsches Cost Less Than Golf Carts in Hong Kong ...

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As carmakers race to sell glitzy new models to wealthy Chinese, the old-fashioned golf cart is the hottest buy in one corner of Hong Kong, with prices ...