Bloomberg President Donald Trump spent June 30 engaged in a deep dive into the backgrounds of the top prospects to fill an opening on the US Supreme Court but hasn’t begun interviews with the finalists. Trump is at his Bedminster, New Jersey, private golf club. He’s been studying the rulings, judicial philosophies and temperaments of his short list, said an ...

Bloomberg UK Prime Minister Theresa May is under mounting pressure as she prepares for a crunch meeting this week aimed at ending the war inside her cabinet over Brexit. May, facing criticism from both the pro- and anti-Brexit wings of her ruling Conservative party, is planning talks with ministers at her countryside retreat on July 6 to thrash out an ...

Virtually all economists favour free trade. But we differ as to what the costs of trade restrictions might be. The decision of Harley-Davidson Inc. to shift more production overseas to Europe to avoid the impact of new tariffs presents a good opportunity to assess those costs – and the good news is that, so far, the economic costs of a ...

The sun is setting on the second quarter, and not a moment too soon for Deutsche Bank AG. In 90 days, the German lender has replaced its CEO, promised thousands of job cuts, seen its credit rating downgraded, and watched its share price plumb new depths. Flunking the US Federal Reserve’s stress tests was a final humiliation, albeit an expected ...

The US Department of Agriculture has come up with cheerful new labels for genetically modified foods (GMOs). The bright green and yellow circles depict a happy sun, a winking smiley face or a verdant landscape stamped with the letters “BE,” for “bioengineered” — rather than the familiar “genetically modified” or “genetically engineered.” It’s a shame the government is unwilling to ...

Brexit worries may be damping sentiment in Europe but in Asia, real-estate investors don’t appear too concerned. While Chinese purchasers of London property have put away their wallets as capital controls bite, buyers from Hong Kong, Singapore and South Korea are picking up the slack. Victor Li, who succeeded his billionaire father Li Ka-shing as head of the CK group ...

It’s becoming standard practice for US tech giants to follow the letter of European rulings and regulations without really changing their behaviour. Most recently, Facebook and Google have exhibited just a superficial compliance with the EU’s General Data Protection Regulation, which requires companies to allow users to keep control of their data. The government-funded Norwegian Consumer Council issued a report ...

A sort of “cryptobrawl” broke out last month at the Milken Institute Global Conference between economist Nouriel Roubini and panel participants more optimistic about the future of cryptocurrency technologies. I had the opportunity to participate in a partial rematch at Battle of the Quants, where Roubini was just as negative and DMS Governance’s John D’Agostino presented a moderate defense. All ...

Timothy Carpenter’s interest in smartphones has had two unintended consequences. It has drawn the Supreme Court deeper into ongoing debates about applying the Constitution’s Fourth Amendment to uses of digital technologies that have swiftly — the first iPhone was sold in 2007; today there are 396 million American cellphone service accounts — become integral to daily life. And the disagreement ...

Bloomberg Bank of America (BofA) is jumping on the AI bandwagon. For the first time, the bank’s currency strategists are using machine-learning programs — which enable computers to comb through vast amounts of data to draw inferences and make predictions on their own — to tell clients what to buy and sell. They began producing AI-based research last month, as ...