NEW YORK (Reuters Breakingviews) - For a man who promised to surround himself “only with the best and most serious people,” Donald Trump has often delivered otherwise, and seen his administration racked by turmoil and ethical criticism. One exception has been the Federal Reserve, where the president has filled vacancies with a string of well-regarded experts, including Chairman Jay Powell.
［ニューヨーク／ロンドン １１日 ロイター BREAKINGVIEWS］ - この半年間でボーイングの新型機７３７ＭＡＸ８で２度目となる墜落事故が起きたことを受け、同社株は１１日に急落した。投資家の反応は、事故による短期的な財務面の影響を恐らく過大視しているが、もっと大きな長期的脅威を反映しているのかもしれない。
NEW YORK (Reuters Breakingviews) - Boeing may need to ground its own aircraft. Europeans joined the Chinese and others in suspending flights of the 737 Max 8 after two crashes in recent months, and two U.S. senators called on the Federal Aviation Administration to follow suit. Boeing’s stock lost a further 6 percent, lopping off $14 billion or so of market value, on Tuesday. Rather than waiting for its regulator, the company could get ahead of the crisis.
NEW YORK (Reuters Breakingviews) - John Bogle, the founder of Vanguard who died on Wednesday, defined value in more ways than one. He turned the once-heretical idea of tracking the broad stock market into the dominant form of investing. Instead of pursuing personal riches, he spread the ethos of low-cost fund management, saving investors untold billions and building the mutually owned firm into a $5 trillion juggernaut.
NEW YORK (Reuters Breakingviews) - After all the hype, blockchain is due for a breakthrough in 2019. Banks and companies are gradually applying versions of the distributed-ledger technology associated with bitcoin to tasks like settlement. Demonstrating blockchain’s utility, though, will say little about the value of cryptocurrencies themselves.
NEW YORK (Reuters Breakingviews) - Stock and bond pickers have been losing ground for years to low-cost funds that simply track indexes like the S&P 500 or factors such as low volatility. Now they face a new threat: robots. In 2019, logic favors a bigger role for the machines.
NEW YORK (Reuters Breakingviews) - Mike Bloomberg said on Tuesday that he has “a lot of experience” that would be useful if he were president of the United States. Appearing in Iowa, the U.S. state that kicks off the quadrennial primary season, he added that he’d try to sell his financial-data empire if he wins the 2020 presidential race. Lucky for him, money is plentiful for a buyout that could be valued at $40 billion. And there’s a recent deal that could provide a blueprint: the sale of Refinitiv to Blackstone by Breakingviews parent Thomson Reuters.
NEW YORK (Reuters Breakingviews) - The U.S. bond market’s flashing light has turned from green to red. Treasury yields plunged to a three-month low on Tuesday and gave out a potential recession signal. While low rates have supported the economy and stock market during the recovery, the latest moves suggest troubling weakness.
NEW YORK (Reuters Breakingviews) - “Do you have a state ID?” That’s the first question you hear when picking up credentials to enter Consensus: Invest, a cryptocurrency conference where the sector’s libertarian, anti-establishment ethos used to reign. After an 80 percent collapse in the price of bitcoin over the past year, digital currency enthusiasts are rethinking old assumptions and looking for support wherever they can find it.
NEW YORK (Reuters Breakingviews) - Bitcoin’s latest slide is blowing digital stardust to the winds. Many fans dreamed the cryptocurrency would consign conventional finance to the dustbin, but a drop below $5,000 is proving it to be more vulnerable than stocks and bonds to investor funk. Bitcoin’s flaw remains its lack of fundamental value.