Dollar Set for Best Week Since November After Post-Fed Tumble
©2016 Bloomberg News O4KAP66JIJVB (Bloomberg) — The dollar headed for its best week since November, climbing from a nine-month low reached last week, as Federal Reserve policy makers hinted that they may raise interest rates in the next few months. The U.S. currency advanced versus most of its major peers
Five-Week Rally Halted in U.S. Stocks as Energy Finally Falters
©2016 Bloomberg News O4K9VZ6JIJUX (Bloomberg) — You knew it had to end sometime. The Standard & Poor’s 500 Index fell 0.7 percent in the holiday-shortened week, halting a rally that added more than $2 trillion in value to U.S. stocks. The energy producers that led equities to the longest winning streak
Obama Shrugs Off Criticism After Baseball Game, Tango Dance
©2016 Bloomberg News O4KHT96JIJXY (Bloomberg) — President Barack Obama’s decision after the terrorist attack in Brussels to press on with his trip this week to Cuba and Argentina, including the colorful cultural events and elements of a family vacation, has come at a cost. Some Republicans, who had been critical
Counting the Ways That Trump Is Wrong About Trade: Paula Dwyer
©2016 Bloomberg View O4HQOI6JTSF2 (Bloomberg View) — Just about everything Donald Trump says about trade is wrong, but his use of trade-deficit numbers is especially so. To understand why, consider his attacks on Apple, which he accuses of destroying American jobs by making devices in China. QuickTakeFree Trade Feud The
Clinton Derides Trump, Cruz for ‘Bluster’ in National Security Speech
©2016 Bloomberg News O4IGED6KLVR9 (Bloomberg) — Hillary Clinton cast herself Wednesday as the only presidential candidate capable of leading the U.S. as it confronts the threat of terrorism, deriding Republicans Donald Trump and Ted Cruz for offering “bluster” rather than real solutions. “Slogans aren’t a strategy; loose cannons tend to misfire,”
Matt Levine’s Money Stuff: Rogue Trading and Gun Disclosure
©2016 Bloomberg View O4HT256KLVR7 (Bloomberg View) — What’s up at Credit Suisse? Good lord, this story of a former Credit Suisse wealth manager jailed for allegedly doing all sorts of rogue-trading nonsense suffers only a tiny bit from the fact that he “can’t be identified in public” under Swiss law. Let’s
Amazon Executive Undercuts Staples Claim of Competitive Threat
©2016 Bloomberg News O4GRLH6JTSEK (Bloomberg) — Amazon.com Inc. is struggling to win primary office-supply contracts with companies, one of the retailer’s executives said, undercutting a key argument Staples Inc. is making to defeat U.S. opposition to its planned takeover of rival Office Depot Inc. Prentis Wilson, a vice president with
Most U.S. Stocks Slip After Brussels Attack as Gold, Dollar Rise
©2016 Bloomberg News O4GLNN6JIJUZ (Bloomberg) — Most U.S. stocks retreated as investors dived into haven assets including gold and the dollar after deadly terrorist attacks in Brussels killed at least 31 people. The Nasdaq Composite Index edged higher as drugmakers climbed. While transport-related shares led the Standard & Poor’s 500
*Ford Says It Could Make Money If U.S. Auto Sales Fell 30%
©2016 Bloomberg News O4GOZ46KLVR9 (Bloomberg) — Ford Motor Co., responding to investor fears that the U.S. auto market is peaking, told analysts it could still earn a profit even if the industry’s sales plunged 30 percent in one year. Investors traded down Ford shares 3.6 percent this year through Tuesday
Europe Stocks Erase Most Losses in Aftermath of Brussels Attacks
©2016 Bloomberg News O4GA5B6JTSEV (Bloomberg) — European shares recovered most of their intraday losses at the close, while airlines and hotel stocks slid after multiple explosions in Brussels. Air France-KLM Group, Ryanair Holdings Plc and hotel operator Accor SA slipped 3.3 percent or more, dragging travel and leisure shares to