
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

Taco Bell Adding Thousands of Stores in International Push
published May 25th 2017, 4:13 pm, by Leslie Patton (Bloomberg) —Taco Bell is running for the border. Yum! Brands Inc.’s Mexican-themed restaurant chain will open at least 100 new locations each in China, Brazil, Canada and India during the next five years, according to a statement Thursday. The plan will

The ‘Below Average’ Fund Fee Could Eat Your Retirement
published May 24th 2017, 8:45 am, by Suzanne Woolley (Bloomberg) —Average fees paid for U.S. mutual funds and exchange-traded funds fell to a new low of less than 0.6 percent in 2016, Morningstar reported on Tuesday. That’s good news for investors. But as fund companies drive down those expense ratios in a fight

Asia Stocks Look Mixed as Dollar Slips on Fed: Markets Wrap
published May 24th 2017, 5:18 pm, by Adam Haigh (Bloomberg) —Asian stocks were poised for a mixed start after the dollar declined with Treasury yields as investors assessed minutes from the Federal Reserve’s most recent meeting where officials said inflation remains muted. Fed policy makers said they needed to wait