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Oil Rebounds From Lowest Close in 12 Years as Volatility Surges
©2016 Bloomberg News O2EW216TTDSC (Bloomberg) — Oil rebounded from the lowest level in more than 12 years amid the most volatile prices since 2009 as speculation swirls over whether producers will act to bolster the market. Futures rose as much as 5.9 percent in New York, after closing at the
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Men of Value Interview : WIlliam Bell By James Riordan
William Bell was a professor of psychology at Olivet Nazarene University in Illinois for thirty-three years and the Chair of the Department for twenty-eight years. He was born and raised in Toronto, Canada. He was raised Episcopalian with good solid values, although he did not have a born again
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Rubio’s Tax Proposals Seen Risking ‘Unsustainable’ Deficits
©2016 Bloomberg News O2E9TN6TTDSG (Bloomberg) — While presidential candidate Marco Rubio’s tax proposals would put more money in taxpayer wallets and business coffers, their benefits would be concentrated at the top end of the income scale, and they could produce large, “unsustainable, budget deficits,” according to a policy group’s analysis.
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Matt Levine’s Money Stuff: Economic Worries and Payday Loans
©2016 Bloomberg View O2DYV96KLVRL (Bloomberg View) — People are worried about everything. It would not be difficult for this newsletter to have a recurring daily section titled, like, “people are worried about the global economy.” Someone is always worried about the global economy; worries about the global economy are —
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Vanguard’s Low Blow? It’s More ‘Mutual’ Than Most: Justin Fox
©2016 Bloomberg View O2CLB66KLVRM (Bloomberg View) — Near the end of last month, mutual-fund giant Vanguard announced that it had lowered the expense ratios on 35 of its mutual funds. That’s after a December announcement that it had lowered expense ratios on 53 funds. All in all, Vanguard estimated, the
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Dollar Weaker as Fed Outlook Blurred; Korea Stocks, Oil Decline
10 Feb 2016 18:29 ©2016 Bloomberg News Emma O’Brien (Bloomberg) — The dollar maintained losses, trading near its weakest level since 2014 against the yen, after Janet Yellen signaled further interest-rate increases may be delayed should the turmoil in global markets continue. While the comments boosted Australian stocks, South Korean
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Google’s Self-Driving Car Software Seen as Driver by U.S. Agency
©2016 Bloomberg News O2B8936K50XS (Bloomberg) — Google Inc.’s artificial-intelligence system will be interpreted as a driver by federal regulators, a step toward compliance that would help the tech giant’s self-driving cars hit U.S. roads. The National Highway Traffic Safety Administration agrees with Google that its cars “will not have a
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For Polls, New Hampshire Brings Redemption After Failure in Iowa
©2016 Bloomberg News O2BAMG6TTDSB (Bloomberg) — Polling in the New Hampshire presidential primary accurately forecast victories by Republican Donald Trump and Democrat Bernie Sanders, a reversal from earlier this month when surveys failed to predict voters’ behavior in the Iowa caucuses. In the days before Tuesday’s primary, some polls also
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Japan Stocks Drop for Second Day as Investors Seek Safety of Yen
©2016 Bloomberg News O2B9ZC6JIJVG (Bloomberg) — Japanese stocks plunged for a second day, putting the Topix index on course for its lowest close in 15 months, as the yen continued to strengthen amid an investor rush to the safety of haven assets. The Topix index sank 2.6 percent to 1,270.07
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Oil Bankruptcies Seen Spurring M&A on Signal Prices Near Bottom
©2016 Bloomberg News O298J86TTDSK (Bloomberg) — About 150 oil and gas companies tracked by energy consultant IHS Inc. may go bust as a supply glut pressures prices and punishes revenues. The number of companies at risk is more than twice the 60 producers that have already filed for bankruptcy, Bob Fryklund,