New Warning Sign as Fewer Subprime Auto Borrowers Pay Off Early
published May 30th 2017, 3:42 pm, by Matt Scully (Bloomberg) —Fewer subprime borrowers are paying off their auto loans early, a possible sign that consumers with weaker credit scores are struggling more, according to a report by Wells Fargo & Co. researchers. Borrowers are making fewer extra payments on loans that
Amazon Shares Hit $1,000, Showing E-Commerce, Cloud Prowess
published May 30th 2017, 4:01 pm, by Spencer Soper (Bloomberg) —Amazon.com Inc.’s shares rose briefly just above $1,000 for the first time Tuesday, marking a new milestone for a company wooing investors by dominating online commerce and cloud computing. Amazon hit an intraday high of $1,001.20 in New York before
Trump Praises Troops as White House Grapples With Kushner Report
published May 29th 2017, 1:46 pm, by Ryan Beene and Megan O’Neil (Bloomberg) —U.S. President Donald Trump stuck to a traditional script in his first public appearance since returning from Europe and the Middle East as the White House grapples with revelations of mounting scrutiny into son-in-law Jared Kushner’s outreach
Hospitals, Medicaid Insurers Still Face an Ugly Future: Gadfly
published May 26th 2017, 12:26 pm, by Max Nisen (Bloomberg Gadfly) —Trumpcare’s chances of becoming law took a big hit this week. But the hospitals and Medicaid insurers directly in its path can’t rest easy. Shares of such companies rose on Thursday, presumably cheering the Congressional Budget Office’s score of
Stocks Meander in Holiday-Hit Trading; Pound Rises: Markets Wrap
published May 29th 2017, 4:30 pm, by Samuel Potter and Aline Oyamada (Bloomberg) —Global stocks were mixed and the dollar and euro traded sideways amid thin trading as investors weighed the latest comments from a Federal Reserve official on the path of U.S. borrowing costs and Mario Draghi’s dovish message to
Matt Levine’s Money Stuff: VIX Hedging and College Sports
published May 26th 2017, 8:48 am, by Matt Levine (Bloomberg View) — VIX manipulation We talked on Wednesday about the CBOE Volatility Index, the VIX, which is an index of implied volatility based on S&P 500 Index stock options. The VIX is used as the reference for VIX futures and
Trump Lashes Out at Media After Ducking Press Questions on Trip
published May 28th 2017, 8:37 am, by Craig Gordon and Jennifer Jacobs (Bloomberg) —Donald Trump lashed out at the “fake news” media in a series of Twitter messages on Sunday after wrapping up his first foreign trip as president — a nine-day excursion from Saudi Arabia to Sicily — without
*North Korea Fires a Ballistic Missile off Its East Coast
published May 28th 2017, 5:37 pm, by Kanga Kong (Bloomberg) —North Korea conducted another missile test early Monday as Kim Jong Un’s regime continued to defy sanctions against nuclear weapons development and escalate tensions on the Korean peninsula. The missile, which appears to be a SCUD variant, was fired at
More Optimism About U.S. Buying Climate Signals Spending Rebound
published May 25th 2017, 8:45 am, by Michelle Jamrisko (Bloomberg) —Consumer spending may be set to emerge from a weak first quarter as Americans last week became more upbeat about the buying climate than at any time in the last 15 years and optimism about personal finances reached a decade
AT&T’s DirecTV Now Online Service Said to See Growth Sputter
published May 25th 2017, 2:45 pm, by Gerry Smith and Scott Moritz (Bloomberg) —AT&T Inc.’s live online video service, DirecTV Now, has seen its growth stall in recent months, according to people familiar with the matter, raising questions about consumer demand for the growing number of new web-TV services entering the