Kim Says North Korea Close to Testing Inter-Continental Missile
published Jan 1st 2017, 12:00 am, by Sam Kim (Bloomberg) — Kim Jong Un said North Korea is in the “last stage” of preparations to test-fire an inter-continental ballistic missile, refusing to slow his nuclear arms development as President-elect Donald Trump prepares to take office in Washington. Kim made his
Trump to Continue Making News, Policy via Unconventional Twitter
published Jan 1st 2017, 10:42 am, by Alan Levin (Bloomberg) —President-elect Donald Trump won’t end the onslaught of posts on Twitter that fed his unconventional campaign, even after taking on the formalized duties of the Oval Office later this month. Making news and issuing statements on social media sites that
U.S. Stocks Little Changed After Jobs Data; Utility Shares Gain
published Dec 29th 2016, 3:19 pm, by Oliver Renick (Bloomberg) —U.S. stocks ended the session little changed as filings for U.S. unemployment benefits fell for a third week in the last four and a rally in utility shares offset losses in financial companies. The S&P 500 Index was little changed
Trump Says He’ll Weigh Intelligence Findings on Russian Hacking
published Dec 29th 2016, 5:12 pm, by Justin Sink and Kevin Cirilli (Bloomberg) —President-elect Donald Trump said he’ll meet next week with U.S. intelligence officials to discuss their findings that Russia hacked Democratic Party e-mails to meddle in the 2016 election, signaling a possible shift from his previous dismissals of
Euro Climbs Along With Oil as Japan Stocks Decline: Markets Wrap
published Dec 29th 2016, 6:19 pm, by Benjamin Purvis and Daisuke Sakai (Bloomberg) —The euro spiked higher as the dollar weakened for a second day and oil rebounded in thin end-of-year trading. Japanese and Australian stocks fell. European currencies including the Danish krone and Swiss franc also appreciated against the
Trump Said to Discuss Veterans’ Care Overhaul With Hospital CEOs
published Dec 28th 2016, 5:46 pm, by Zachary Tracer, Shannon Pettypiece and Jennifer Epstein (Bloomberg) —President-elect Donald Trump met at his Florida resort on Wednesday with leaders of top U.S. nonprofit hospital systems to discuss overhauling health care for veterans, including by allowing them to more readily visit hospitals outside
Fidel Castro, Antonin Scalia, John Gutfreund: The Year in Deaths
published Dec 28th 2016, 6:06 pm, by Steven Gittelson (Bloomberg) —Former Cuban leader Fidel Castro, U.S. Supreme Court Justice Antonin Scalia and ex-Salomon Brothers executive John Gutfreund were among newsmakers in business, finance and public affairs who died in 2016. The business world lost Andy Grove, a refugee from postwar
Who’s Had the Worst Year? How Asian Leaders Fared in 2016
published Dec 28th 2016, 5:07 pm, by David Tweed (Bloomberg) —In a year dominated by Brexit and Donald Trump’s surprise U.S. election win, Asia felt like a relatively stable part of the world. A closer look shows that the region endured its own seismic events in 2016, from a Philippine
Dollar Rises as U.S. Trading Resumes, Treasury Yields Support
published Dec 27th 2016, 1:07 pm, by Dennis Pettit (Bloomberg) —The dollar built slight gains as foreign exchange trading in Europe and North America resumed after the Christmas break, and as U.S. yields rose before the Treasury sold $26b of two-year notes at 1.280%, the highest yield since 2008. The
Obama Fulfills His Prophecy on Israeli Settlements: Eli Lake
published Dec 27th 2016, 1:03 pm, by Eli Lake (Bloomberg View) —The way the White House tells it, the U.S. had no choice. For eight years, President Barack Obama has been pleading with Israel to stop building settlements. But they didn’t listen. So reluctantly, the president instructed his United Nations