Bloomberg’s Presidential Bid Could Mean Selling Namesake Media Giant to Microsoft

Michael Bloomberg, Bloomberg,

If Bloomberg officially becomes a candidate, selling his namesake company may be his best option. Microsoft makes for a great suitor when you consider the firm’s track-record. Bloomberg is unlikely to sell until he has proven that he is a viable choice for the Democrats. Last week Michael Bloomberg started takings tips toward becoming a … Read more

Dow Ignites Meteoric Rally as Market Basks in Trump Trade Deal Rumor

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The Dow Jones exploded higher on Friday as news broke that the Trump administration and China had struck a partial trade agreement, setting the stage for a potential tariff truce. The stock market went berserk, with rising hopes of a Brexit deal and an impressive Michigan Consumer Sentiment data release adding to Wall Street’s euphoria. … Read more

Dow Erupts Higher After Bloomberg Ignites Rampant Trade War Optimism

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The Dow sped toward a triple-digit recovery on Wednesday after Beijing brightened the outlook for US-China trade negotiations following a deluge of bearish developments at the start of the week. Meanwhile, Federal Reserve interest rate policy questions continue to weigh heavily over the market, and investors will look to both public comments from Fed Chair … Read more

Dow Suddenly Plummets After Bloomberg Exposes China Bombshell

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The Dow suddenly plunged during late-morning trading on Friday after Bloomberg published a report exposing that the Trump administration is debating a new policy that would ramp up pressure on the Chinese economy as the two countries prepare to return to the negotiating table. The policy, if enacted, would limit American investors’ access to the … Read more

Stocks Recoil After White House Denies Trump Trade Bombshell

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Stocks crashed from their session highs on Thursday after a senior White House official flatly denied that the Trump administration plans to offer an interim trade deal to China. The move lower left major US stock indices little changed heading into midday. The Dow Jones Industrial Average, which spiked as much as 150 points, last … Read more

Hillary Clinton and Bloomberg Lay Down in 2020, Dems Feeling AOC and Bern

alexandria ocasio-cortez

In quick succession on Monday and Tuesday, two high-profile Democrats moved into the definite ‘no’ column for a 2020 presidential bid. That’s 2016 Democratic nominee Hillary Clinton, and billionaire mayor Michael Bloomberg, who both announced they won’t be running. Hillary Clinton Says She Won’t Shut Up Hillary Clinton said Monday: “I’m not running, but I’m … Read more