Trump Names Dune Capital’s Mnuchin as National Finance Chairman
published May 5th 2016, 2:16 pm, by Jennifer Jacobs and Dakin Campbell (Bloomberg) —Just two days after locking up the Republican presidential nomination, Donald Trump is moving quickly to build a fundraising operation capable of reeling in hundreds of millions of dollars he’ll need to win the White House. Heading up
Don’t Disrespect the U.S. Vice Presidency: Albert R. Hunt
published May 5th 2016, 2:43 pm, by Albert R. Hunt (Bloomberg View) —Will Hillary Clinton pick Senator Sherrod Brown as her running mate to carry his home state of Ohio or turn to Senator Elizabeth Warren, flame-thrower of the Democratic left, to energize Bernie Sanders fans? Will Donald Trump tap
Europe’s Haters Aren’t So Focused on the Jews: Leonid Bershidsky
published May 4th 2016, 1:25 pm, by Leonid Bershidsky (Bloomberg View) —The record influx of Muslim refugees last year coincided with a sharp decline in the number of violent anti-Semitic incidents in major European countries, many of which bore the brunt of the refugee crisis. The wave of so-called new
Trump’s Triumph Leaves Many Republicans at a Loss for Words
published May 4th 2016, 7:52 pm, by Laura Litvan (Bloomberg) —On a day when Republicans in Congress would normally be rallying around their new presumptive presidential nominee, there was instead mostly silence or awkward tap-dancing around Donald Trump’s triumph. Senator Susan Collins of Maine told a home-state radio station on
Soaring U.S. Gasoline Demand Isn’t Enough to Stop Supply Glut
published May 4th 2016, 8:23 pm, by Meenal Vamburkar and Laura Blewitt (Bloomberg) —The biggest increase in U.S. gasoline demand in almost 40 years hasn’t been enough to keep storage tanks from filling up. Gasoline imports into the U.S. East Coast are near the highest in seven months and American
Give Cold War Nuclear Missiles a New Life: Editorial
published May 3rd 2016, 3:55 pm, by The Editors (Bloomberg View) —In the tradition of turning swords into plowshares, it’s an appealing idea: converting the U.S.’s ballistic missiles into rockets for civilian space transport. It’s also a sensible one — and Congress should change the law to make it happen. For
Here’s What Usually Happens to Stocks in Years Like 2016
published May 3rd 2016, 4:01 pm, by Julie Verhage (Bloomberg) —Despite the huge comeback in the S&P 500, investors remain skeptical of the bull rally. If history is any guide, they shouldn’t be so worried. Bespoke Investment Group took a look at previous years that closely resemble the big drop, and
Trump Indiana Win Boosts His Claim to Be Presumptive Nominee
published May 3rd 2016, 6:34 pm, by John McCormick (Bloomberg) —Real-estate developer Donald Trump won the Republican presidential primary in Indiana on Tuesday, dealing a devastating blow to Ted Cruz’s effort to stop the front-runner from becoming the party’s presumptive nominee before the national convention in July. Trump’s win, projected
Mid-Career and Itching to Lead a Startup? This VC Firm Wants You
published May 2nd 2016, 5:00 pm, by Yoolim Lee (Bloomberg) —It’s easy to spot the silver hair among Jungle Ventures’ gallery of startup founders. Look closer and you’ll find many have called the shots at banks and Fortune 500 outfits. That’s no accident. Jungle Ventures’ strategy involves betting on executive-suite veterans over
U.S. Stocks Rise as Dollar Weakens With Emerging Market Assets
published May 2nd 2016, 3:00 pm, by Jeremy Herron and Joseph Ciolli (Bloomberg) — U.S. shares rose the most in two weeks and the dollar weakened to the lowest in almost a year as traders lowered expectations for higher interest rates as manufacturing slowed last month. Emerging-market assets retreated with