July, 2017

• 18 July

  Tesla adds directors in move to diversify board

  

  Bloomberg Tesla Inc. moved to diversify a board that some investors have complained is too closely tied to Chief Executive Officer Elon Musk, adding two executives from major media companies. James Rupert Murdoch, the CEO of Twenty-First Century Fox Inc., and Linda Johnson Rice, the chairman of Johnson Publishing Co., joined Tesla’s board effective Thursday, according to a filing. Murdoch ...

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• 18 July

  America is struggling with economic rot

  

  The Great Recession, and the financial crisis that preceded it, were such enormous and terrible events that they occupied most of our economic thinking for a decade. But now that the smoke has cleared and the economy has returned to a semblance of normality, we’re starting to think more about long-term trends. And evidence is mounting that the Great Recession ...

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• 18 July

  Infosys is trying too hard to flaunt its digital chops

  

  Oh no, no, no. That old time fire is gone. It’s not so much things you say, love. It’s what you don’t say I’m afraid of —Neil Diamond (I Got the Feelin’) Infosys Ltd. struck a cheery note with its June quarterly results. But then, what option did it have? The management of the Indian software exporter is buffeted by ...

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• 18 July

  Trump stalls an engine of new business

  

  In President Donald Trump’s latest effort to wall the U.S. off from the rest of the world, his administration has ditched a plan to make it easier for successful foreign entrepreneurs to come and work in America. The decision may play well with the president’s nationalist base, but it will not help the U.S. economy. The administration has delayed (and ...

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• 18 July

  States can keep rooftop solar market growing

  Almost overnight, it seems, the decade-long expansion of rooftop solar in the US has come to an end. Installations are set to fall by 2 percent this year, according to Bloomberg New Energy Finance. Partly to blame is a widening campaign to end a key customer incentive, homeowners’ ability to sell their extra energy back to the grid at retail ...

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• 18 July

  Appraising Friedman, 50 years after presidential address

  

  Paradigm shifts do not come often in economics. From Adam Smith to John Maynard Keynes, there is only a handful of scholars who can claim to have radically changed the way we think about how markets should work and what governments can do to improve their functioning. One such moment came almost 50 years ago when Milton Friedman delivered his ...

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• 18 July

  Brexit pushes consumers to the point of no return

  

  So much for Brexit triggering an immediate economic meltdown. While the pound has fallen 13 percent against the dollar since Britons voted to leave the European Union in June last year, the country’s economy has performed respectably, so far. A year later, however, signs the UK is approaching a tipping point are building. Britons are paring their spending on clothing, ...

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• 18 July

  The robots are going to make the best fake news

  

  Imagine that tomorrow, some smart kid invented a technology that let people or physical goods pass through walls, and posted instructions for how to build it cheaply from common household materials. How would the world change? Lots of industries would probably become more productive. Being able to walk through walls instead of being forced to use doors would make it ...

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• 18 July

  India’s most valuable bank vies for bond crown amid record sales

  

  Bloomberg HDFC Bank Ltd is threatening to end Axis Bank Ltd’s decade-long reign as the largest arranger of rupee-denominated corporate bonds as sales climb to a record for a third straight year. India’s most valuable bank has managed Rs481.5 billion ($7.5 billion) of offerings so far this year, jumping 11 notches from 2014 to number two on Bloomberg’s league table. ...

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• 18 July

  Frankfurt to become Citigroup’s European trading centre

  

  Bloomberg Citigroup Inc. has chosen Frankfurt as its newest trading hub in the European Union and plans to present that option to its board of directors this week for approval, according to a person with knowledge of the decision. The choice to expand the bank’s existing broker-dealer in the German city means it will create between 150 and 250 new ...

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