Texas Refiners Work on Harvey Recovery as More Storms Loom
published Sep 4, 2017 5:34:59 PM, by Amy Stillman (Bloomberg) — As much of the U.S. shut down for Monday’s Labor Day holiday, Gulf Coast refiners continued their recovery from the devastation of Hurricane Harvey. Valero Energy Corp. returned two Texas refineries to pre-storm fuel-making rates while three other plants
Big Winnings Have U.S. Investors Wanting More From Europe Stocks
(Bloomberg) — U.S. equity investors aren’t done with Europe even after enjoying their best returns in eight years. Those who bought European stocks in dollars have already seen gains of about 17 percent this year, and the prospect of another leg up is keeping them hooked. The two largest U.S.
Safe Havens Maintain Gains as Korea Threats Linger: Markets Wrap
published Sep 4, 2017 5:37:51 PM, by Andreea Papuc (Bloomberg) — Gold and the yen maintained gains in early Asian trading as the United Nations Security Council met to discuss the threat from North Korea. S&P 500 Index futures were little changed, with the cash market closed on Monday for
Obamacare Repeal Odds Slip as Senate Gets New Expiration Date
published Sep 1, 2017 12:42:40 PM, by Laura Litvan (Bloomberg) — The Senate parliamentarian told lawmakers that Republicans’ ability to pass an Obamacare replacement with just 51 votes expires at the end of this month, Senator Bernie Sanders said Friday. The preliminary finding complicates any further efforts by Republican leaders
Trump Threatens New Sanctions After North Korea Nuclear Test
published Sep 3, 2017 3:02:14 PM, by Kanga Kong and Andy Sharp (Bloomberg) — President Donald Trump threatened to increase economic sanctions and halt trade with any nation doing business with North Korea, and his defense chief said the U.S. has “many military options” after the regime said it successfully
South Korea Raises Alert Over Economic Impact After Nuclear Test
published Sep 3, 2017 8:02:38 PM, by Jiyeun Lee and Hooyeon Kim (Bloomberg) — South Korea’s government said the impact of North Korea’s sixth nuclear test could spread from financial markets to the real economy. Existing uncertainty over trade policy and normalization of monetary policy in major economies could worsen
Southwest Air Rushes to Ensure Fuel Supply Amid Storm Damage
published Aug 31, 2017 6:10:42 PM, by Mary Schlangenstein (Bloomberg) — Southwest Airlines Co., the largest U.S. airline by domestic passengers, is working to ensure a steady supply of jet fuel after Hurricane Harvey forced the shutdown of crude-oil refineries and pipelines along the Gulf Coast. “It’s something we are
Pence Tells Texans Housing Biggest Challenge After Harvey
published Aug 31, 2017 5:46:33 PM, by Jennifer Jacobs and Justin Sink (Bloomberg) —Vice President Mike Pence warned that housing for storm victims is emerging as the top long-term challenge in the recovery from Hurricane Harvey as he arrived in Texas on Thursday to view the damage and meet with
Experience Shows the U.S. Can Weather the Storm: Tyler Cowen
published Aug 31, 2017 10:16:55 AM, by Tyler Cowen (Bloomberg View) — As the rain and wind from Hurricane Harvey clear out, and the physical and human toll becomes clear, it’s worth looking at what research tells us about storms and their costs. In particular, recovery and resilience are often
Buffett Says Stocks Are `Less Attractive,’ Still Beat Bonds
published Aug 30, 2017 12:33:56 PM, by Noah Buhayar (Bloomberg) — Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., said the rally in markets over the last several years has made it harder to find bargains, but that stocks remain his choice over bonds. When