Tom Buerkle

Breakingviews - The Exchange: CalPERS’ Ben Meng

Oct 22 2019

NEW YORK (Reuters Breakingviews) - Almost a year into the job, the investment chief of California’s near-$400 bln public pension fund tells Tom Buerkle that size can be a double-edged sword. He explains why returns targets are a challenge and what CalPERS is doing to ensure its new private-equity push succeeds.

Breakingviews - Woke capitalism is a winner in the 2020 campaign

Sep 04 2019

SAN FRANCISCO/NEW YORK (Reuters Breakingviews) - Woke capitalism is a winner so far in the 2020 campaign. Democratic White House hopefuls from self-styled socialist Senator Bernie Sanders to his colleague Elizabeth Warren and former Vice President Joe Biden blame the U.S. economic system for growing inequality. Their plans target private equity firms, banks, corporations and the rich. A wealth tax may not be as effective as it looks. But some ideas could start to cut the gap between the haves and have nots.

Breakingviews - GE has more to lose from whistle-blower

Aug 15 2019

NEW YORK (Reuters Breakingviews) - General Electric is getting a harsh lesson in the cost of credibility. A man who warned about Bernie Madoff’s Ponzi scheme claims the conglomerate is hiding $38 billion in losses with false accounting. The company run by Larry Culp strongly denies it, but its history of opaque reports and belated write-offs put it on weak ground. The stock’s more than 10% drop implies investors give the claims only partial credence – for now.

Breakingviews - U.S. recession signal bears clear fingerprints

Aug 14 2019

NEW YORK (Reuters Breakingviews) - A U.S. recession warning from financial markets has Donald Trump’s fingerprints all over it. A key bond market metric turned negative for the first time since 2007 on Wednesday, sending stocks tumbling. Other economic indicators in the United States and abroad are deteriorating. The common thread linking these is the president’s trade war.

Breakingviews - Trump’s latest Fed picks at least clear the bar

Jul 03 2019

NEW YORK (Reuters Breakingviews) - Donald Trump has reverted to a more traditional approach with his latest nominees to the Federal Reserve’s board. Judy Shelton is a maverick with her liking of the gold standard, yet her business background might usefully add to the policy debate. And she’s paired with Christopher Waller, an insider at the central bank’s St. Louis operation.

Breakingviews - Lyft takes some gas out of Uber’s IPO

May 07 2019

NEW YORK (Reuters Breakingviews) - Lyft is likely to take some gas out of Uber Technologies' initial public offering. The smaller ride-hailing app beat revenue estimates in the first quarterly results since its listing, and burned less cash. But its rate of growth is slowing, making profit an ever-more distant goal.

Breakingviews - More American workers take one for the team

May 03 2019

NEW YORK (Reuters Breakingviews) - American workers are paying the price for keeping the economic recovery going. U.S. job creation accelerated in April, trimming the unemployment rate to a 50-year low of 3.6 percent. Yet wage growth remains modest and other data suggest slack in the labor market.

Breakingviews - Trump takes politics to heart of Fed with nominee

Mar 22 2019

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.


Mar 13 2019

[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。

Breakingviews - Boeing needs to think faster than its watchdog

Mar 12 2019

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.

World News

Saudi de facto ruler approved operation that led to Khashoggi's death: U.S.

Saudi Arabia's de facto ruler approved an operation to capture or kill murdered journalist Jamal Khashoggi in 2018, according to U.S. intelligence released on Friday as the United States imposed sanctions on some of those involved but spared the crown prince himself in an effort to preserve relations with the kingdom.