Here’s Why Surging Gold Miner Stocks May Still Be Bargains
©2016 Bloomberg News O47MOMSYF01V (Bloomberg) — Gold-mining companies that are seeing their shares surge the most in decades are still cheap, based on historic measures of their reserves. An index of large producers, including Barrick Gold Corp. and Goldcorp Inc., has gained a whopping 87 percent in the past three
Matt Levine’s Money Stuff: Honest Dollar and Dividend Stoppers
©2016 Bloomberg View O430366JTSEB (Bloomberg View) — Honest Dollar Goldman Sachs is buying Honest Dollar, a retirement-savings robo-startup, and wouldn’t it be funny if they rebranded the whole company after the new acquisition? Like, “Goldman Sachs is now Honest Dollar.” “Honest Dollar is number three in the energy M&A league
Islamic State Spreads in North Africa in Attacks Ignored by West
©2016 Bloomberg News O455FL6S9728 (Bloomberg) — The Islamic State fighters appeared at dawn in the Tunisian town of Ben Guerdane, attacking police and army barracks. Last week’s clashes killed at least 58 people, including 46 militants and a 12-year-old girl. Tunisia is no stranger to jihadist violence — three large-scale
How Apple Helped Me Crack iPhones Like Clockwork
©2016 Bloomberg News O45J206KLVRS (Bloomberg) — For years, cops who wanted to break into iPhones knew the drill. “Get a warrant. Then you make an application under the All Writs Act,” said Michael Yaeger, a former assistant U.S. attorney in Brooklyn who oversaw efforts to obtain warrants for phones from
Trump Has to Wait to Take His Victory Lap: Jonathan Bernstein
©2016 Bloomberg View O44WED6KLVYK (Bloomberg View) — It’s about the delegates now. By that measure, Tuesday was a great night for Hillary Clinton, and a mixed one for Donald Trump. On the Democratic side, it’s pretty straightforward. Clinton wound up winning a squeaker in Illinois and leads narrowly in Missouri,
China’s Growth Rates Splintering as Challenges Mount, Li Says
©2016 Bloomberg News O4438W6KLVRC (Bloomberg) — China’s economic performance is diverging across provinces as challenges rise and “sluggish” global growth weighs on prospects, Premier Li Keqiang said. “There are both difficulties and hopes,” Li told reporters at his annual news conference in Beijing Wednesday. China is still at a stage
The Primary System Winnows U.S. Voters: Leonid Bershidsky
©2016 Bloomberg View O4445N6JTSE9 (Bloomberg View) — Marco Rubio speaking with a catch in his voice to a small Miami audience of die-hard supporters — and people in the audience openly weeping, hugging, hanging their heads — will be one of the most poignant images I will carry back with
Obama Predicts Cuban Embargo Will Be Lifted Under His Successor
©2016 Bloomberg News O41IJH6S972Q (Bloomberg) — President Barack Obama said sentiment in Congress is building toward lifting the decades-old trade embargo with Cuba, but it’s “not yet at a critical mass” and that the next big step in restoring relations with the island nation will be left for his successor.
If Oil Prices Have Hit Bottom, the Top May Not Be Too Far Away
©2016 Bloomberg News O41FLP6S972G (Bloomberg) — The top of the oil market may be closer than you think. With Brent futures having bounced back to $40 a barrel, the International Energy Agency sees “light at the end of the tunnel,” and Goldman Sachs Group Inc. is spotting “green shoots.” Even
Putin’s Shock Plan to Pull Troops From Syria Puts Onus on Assad
©2016 Bloomberg News O41UB96KLVRO (Bloomberg) — Russia said it will start withdrawing forces from Syria in a surprise move that puts pressure on its ally President Bashar Al-Assad, as well as opposition groups, to reach a deal at the peace talks that got under way hours earlier in Geneva. Russian