Who’s Got The Money? It’s Campaign Finance Filing Day
©2015 Bloomberg News NRJO8E6K50XY (Bloomberg Politics) — For many presidential candidates, it’s the first time they’ve got to disclose numbers for their campaign finance reports. Bloomberg reporters are watching as they come in and providing you with highlights. Bundling for Jeb, 3:39 p.m.| Eight lobbyists bundled a total of $228,400
Stocks Rise on Central Bank Backstop; Euro Falls to Six-Week Low
©2015 Bloomberg News NRKRD86TTDS9 (Bloomberg) — Stocks rose around the world on speculation central banks will do what’s needed, including weakening their currencies, to bolster their economies. The Stoxx Europe 600 Index advanced for a seventh day, climbing 1.3 percent at 10:47 a.m. in London. Carmakers gained amid the fastest
World’s Top Steelmaker Says Output Waning as Demand Stumbles
©2015 Bloomberg News NRIG9E6TTDS0 (Bloomberg) — Mills in the world’s biggest steelmaker are churning out less even as economy shows signs of stabilizing. Crude-steel production in China shrank 1.3 percent to 410 million metric tons in the first half compared with the same period of 2014, according to the National
What to Look for in Jeb’s Fundraising Bounty: Jonathan Bernstein
©2015 Bloomberg View NR9W436S9728 (Bloomberg View) — News item: Jeb Bush’s super PAC has raised… Yes, it’s a lot of money, but, sorry, I can’t get into it. The amount of money Jeb! will raise for his presidential campaign is More Than Enough. The details of exactly how much (more
Back-to-School Spending May Dip on Tighter Budgeting, NRF Says
©2015 Bloomberg News NRHYK96JIJUW (Bloomberg) — The National Retail Federation predicted a drop in the average family’s back-to-school spending, bringing a downbeat forecast to an industry hoping for a resurgence in the second half. Families will spend about 5.8 percent less on back-to- school shopping this year than in 2014,
The Latest Sign That Coal Is Getting Killed
©2015 Bloomberg News NRFDC86S972D (Bloomberg Business) — Coal is having a hard time lately. U.S. power plants are switching to natural gas, environmental restrictions are kicking in, and the industry is being derided as the world’s No. 1 climate criminal. Prices have crashed, sure, but for a real sense of coal’s diminishing prospects,
Clinton Hints At Buy-And-Hold Capital Gains Tax Plan
©2015 Bloomberg News NRG1CU6JTSE8 (Bloomberg Politics) — Democratic presidential candidate Hillary Clinton suggested Monday that she may endorse lower capital gains taxes on long-held assets as a way to discourage a quick-profits mentality in the U.S. economy. That could mean a sliding scale of tax rates on investments, offering a
Chinese College Kid’s Secret Stock Trade Shows Moral Hazard
©2015 Bloomberg News NRGFHF6KLVR6 (Bloomberg) — Lu Tao can’t sleep. He gets bouts of panic at night. And he’s too afraid to tell his parents why. The 23-year-old university student in Hangzhou, a city on China’s eastern seaboard, has a stock-market problem. He borrowed 200,000 yuan ($32,215) from mom and
A Well Thought Out Scream by James Riordan: Chinese Stocks Biggest Decline Since 1992
For years now we’ve been hearing dire warnings about borrowing money from China so the first thing I thought when I heard that the Chinese stock market had plunged was if they had the capability to call in our loans and what does that mean. Might we have to give
In Los Angeles, Voting Is Getting the Silicon Valley Treatment
©2015 Bloomberg News NRBTK36S9728 (Bloomberg Politics) — Last year, a bipartisan commission established by President Obama declared that the U.S. faces an “impending crisis in voting technology.” After the 2000 Florida recount showed the world that the American presidency could be determined by hanging chads, Congress set aside $3.3 billion,