U.S. Stocks Climb With Small Caps After Europe Shares End Flat
published Dec 19th 2016, 12:53 pm, by Oliver Renick (Bloomberg) —U.S. stocks inched higher as investors assessed a rally that has lifted equities to record levels in the past month. The S&P 500 Index added 0.2 percent to 2,262.84 at 1:15 p.m. in New York. The benchmark gauge fell 0.2
Stress May Be Widening the U.S. Longevity Gap: Peter Orszag
published Dec 12th 2016, 10:18 am, by Peter R. Orszag (Bloomberg View) — Stress, I’ve long suspected, may explain why lifespans have been lengthening for high-income Americans but have remained the same or even shortened for low-income and middle-income people. A new analysis from the Hamilton Project released today adds
When Will You Age Out of Your Career? Check This Chart
published Dec 9th 2016, 6:00 am, by Ben Steverman (Bloomberg) — One way to prepare for retirement is to save. Another way: Don’t retire. It’s surprisingly common to put very little aside and hope you never need to hang up your cleats for good. Among investors under age 35, more
Brexit Entails Budget Cuts for What’s Left of EU, Denmark Says
published Dec 18th 2016, 5:00 pm, by Peter Levring (Bloomberg) —Without Britain’s contributions, the remaining European Union members will need to get by on a smaller budget, according to Denmark. No one, including Germany, wants to fill the 7.6 billion-euro ($7.9 billion) hole that will be left once Britain —
Do You Have More Debt Than the Average American?
published Dec 15th 2016, 4:00 am, by Suzanne Woolley (Bloomberg) —When it comes to debt, it’s nice to be below average. Do your credit card balances fall below the national mean of $16,000 for households with debt? Is your total household debt, including mortgages, shy of the $132,500 mark? If so,
Oil Closes Near $51 as Kuwait Said to Cut Sales to U.S., Europe
published Dec 15th 2016, 3:51 pm, by Mark Shenk (Bloomberg) —Oil settled near $51 a barrel in New York as Kuwait was said to make bigger supply cuts to U.S. and European customers. Crude pared losses after earlier falling 2.1 percent as the dollar advanced after the Federal Reserve raised
Japan Overtakes China as Largest Holder of U.S. Treasuries
published Dec 15th 2016, 4:23 pm, by Sarah McGregor (Bloomberg) — China’s holdings of U.S. Treasuries declined to the lowest in more than six years as the world’s second-largest economy uses its currency reserves to support the yuan. Japan overtook China as America’s top foreign creditor, as its holdings edged
Women and Family: How Couples Do Money
published Dec 1st 2016, 4:00 am, by Josh Eidelson, Eva Holland and David Gauvey Herbert (Bloomberg) — The Couple Whose Band Might Blow Up Samantha Lepre and Branden Wilbarger Ages: 25, 28 Jobs: Waitress and Waiter/musician. Incomes*: $26,000 and $55,000 Home: Los Angeles Together: 4 years Samantha: When we first
Here’s One Sign That the World Cares A Lot Less About Monetary Policy
published Dec 15th 2016, 2:29 am, by Jake Ulick (Bloomberg) — Step aside, central bankers. The prospect of more government spending has helped make the term “fiscal stimulus” more common in a Bloomberg count of news stories, helping it to overtake “monetary policy” by the biggest margin since 2008. It’s
Amazon Moves Further Into Netflix’s Turf With Low-Priced TV
published Dec 14th 2016, 4:26 pm, by Olga Kharif and Lucas Shaw (Bloomberg) —Amazon.com Inc.’s new push to expand Prime Video into more than 200 countries and territories includes a bonus feature: a price that undercuts Netflix Inc.’s in many markets. By going global, Amazon is following Netflix’s lead. The