Cruz, in Reversal, Issues Endorsement of Trump for President
published Sep 23rd 2016, 3:13 pm, by Sahil Kapur (Bloomberg) — In a dramatic reversal from his controversial non-endorsement at the Republican convention in July, Texas Senator Ted Cruz firmly backed Donald Trump’s bid for the White House on Friday. “A year ago, I pledged to endorse the Republican nominee,
Share the View: New Frontiers in Political Manipulation
published Sep 15th 2016, 4:00 am, by Bloomberg View (Bloomberg View) — Google Isn’t Swinging Elections, But It Could Don’t worry; the mammoth of Mountain View probably isn’t gaming its political search suggestions. But Leonid Bershidsky warns that search engines could easily tweak their algorithms to benefit their preferred candidates.
Obama Kept Military Out of the Loop on Iran Payments: Eli Lake
published Sep 22nd 2016, 4:25 pm, by Eli Lake (Bloomberg View) — One might think President Barack Obama would have asked his top military officials to weigh in on his administration’s decision in January to send $400 million in cash to Iran. After all, Iran is the world’s leading state
Facebook and its Lawyers Slammed by Judge in Terrorism Suits
published Sep 22nd 2016, 7:27 pm, by Patricia Hurtado (Bloomberg) — A federal judge slammed Facebook Inc., saying the social media giant might not be doing enough to deter terrorists from using its platform. U.S. District Judge Nicholas Garaufis in Brooklyn, New York, also accused Facebook’s lawyers — by sending
Are You as Stupid as Your Financial Adviser Thinks?
published Aug 25th 2016, 5:00 am, by Ben Steverman (Bloomberg) — Investors need to be saved from themselves. That’s the conventional wisdom, and there’s some truth to it. Individual investors can have comically bad timing. They buy when stock prices are high. They panic and sell when markets plunge. They
Dollar Holds Course for Worst Year Since 2009 on Fed Dovish Turn
published Sep 21st 2016, 7:04 pm, by Chikako Mogi (Bloomberg) — The dollar remains on course for its worst annual performance in four years after the Federal Reserve delayed raising interest rates again, saying more time was needed to assess U.S. economic conditions. A broad gauge of the dollar against
Oil Services Find Hope in Giant Windmills Anchored to Ocean Bed
published Sep 21st 2016, 6:01 pm, by Joe Ryan (Bloomberg) — Gulf Island Fabrication Inc. has for decades built hulking platforms to extract oil and natural gas from the seabed. With the collapse of offshore drilling, the company has turned to helping harvest another energy resource: wind. Gulf Island built
Fed Fueling ‘Obama Paper Bull’ Market, Trump Adviser Says
published Sep 20th 2016, 7:11 pm, by Kevin Cirilli (Bloomberg) — Donald Trump’s senior economic adviser Peter Navarro questioned Federal Reserve Chairwoman Janet Yellen’s truthfulness while defending the Republican nominee’s attacks on the central bank. “What we have is a stock market that is the Obama paper bull,” Navarro said
T-Mobile, Sprint Take Each Other’s Customers as Market Slows
published Sep 20th 2016, 3:14 pm, by Scott Moritz (Bloomberg) — T-Mobile US Inc. and Sprint Corp. say they are taking each others’ customers as the two smallest U.S. wireless carriers search for growth amid a slowing mobile-phone market. T-Mobile added about 753,000 monthly phone subscribers so far in the
*After 40 Years of Boom, Bust Hits America’s Cowboy Coal Basin
published Sep 20th 2016, 6:00 pm, by Tim Loh (Bloomberg) — The last bastion of the American coal industry has been breached. The bust that’s devastated Appalachia for five years has finally reached cowboy country’s Powder River Basin. For four decades, the 300-mile corridor stretching from Wyoming north into Montana