Brexit May Be Delayed Until Late 2019, Sunday Times Says
published Aug 14th 2016, 3:28 pm, by Svenja O’Donnell (Bloomberg) — Britain’s exit from the European Union could be delayed until late 2019 as new departments set up for the transition may not be ready to start negotiations as early as predicted, the Sunday Times reported. The Brexit and international
Blue Corners of Pennsylvania Went Red, But Won’t Matter: Al Hunt
published Aug 14th 2016, 10:00 am, by Albert R. Hunt (Bloomberg View) — The lunch group in Monessen, Pennsylvania, is evenly divided between Trump supporters and Trump opponents. But the dark mood across the whole room suggests why this working-class town might end up favoring him in November. Monessen, once
The Entire World Has a Barbell Strategy and That’s Nuts: Gadfly
published Aug 11th 2016, 4:00 pm, by Christopher Langner (Bloomberg Gadfly) —The investment universe seems to be going nuts. Everyone’s moving either into the safest assets, such as gold and Treasuries, or into the riskiest ones, like emerging-market debt and equities. Call it a mass barbell strategy. Or perhaps negative-rate
S&P 500, Dow, Nasdaq Hit Records Together First Time Since 1999
published Aug 11th 2016, 4:49 pm, by Rita Nazareth, Joseph Ciolli and Lu Wang (Bloomberg) — All three U.S. stock benchmarks rose together to record highs for the first time in 16 years amid surprising earnings. European shares erased the slump that followed Britain’s secession vote. Oil climbed, while Treasuries
To See Where World’s Easy Money Is Going, Look at Russia’s Ruble
published Aug 11th 2016, 6:00 pm, by Andrey Biryukov and Maria Kolesnikova (Bloomberg) — For an example of how the global clamor for yield is drowning out the risks in the world economy, look no further than Russia’s ruble. Investor demand for higher returns has eclipsed a drop in oil
Immigration Sparks Negative Views From U.S. to Russia in Study
published Aug 10th 2016, 6:01 pm, by Alex Morales (Bloomberg) — Immigration is spurring negative attitudes from the U.S. to Russia, according to an Ipsos Mori study that lays bare the attitude to migrants around the world. About 45 percent of more than 16,000 people surveyed in 22 nations said
Wal-Mart Sells Mexico Clothing Chain to Liverpool for $1 Billion
published Aug 10th 2016, 5:54 pm, by Isabella Cota (Bloomberg) — Wal-Mart Stores Inc.’s Mexican unit agreed to sell its Suburbia clothing chain to El Puerto de Liverpool SAB, Mexico’s biggest department store chain operator, in a deal valued at 19 billion pesos ($1.03 billion). The transaction, which involved 119
What’s Really Wrong With the Unemployment Rate: Justin Fox
published Aug 10th 2016, 2:29 pm, by Justin Fox (Bloomberg View) — The U.S. unemployment rate was 4.9 percent in July, according to the Bureau of Labor Statistics. That’s the same as in July 1997. Does this mean the labor market is as healthy now as it was then, in
Vladimir Putin Is the Russian Economy’s Worst Enemy: Editorial
published Jul 27th 2016, 1:00 am, by The Editors (Bloomberg View) — Russian President Vladimir Putin urgently needs to revive his country’s economy. His greatest obstacle will be himself. While Americans argue about the extent of Russia’s intervention in the U.S. presidential election, Putin is battling a recession at home.
Trump Suggests ‘Second Amendment People’ Could Stop Clinton
published Aug 9th 2016, 6:49 pm, by David Knowles and Jennifer Epstein (Bloomberg) — Donald Trump’s choice of words as he rallied Second Amendment advocates has roiled the presidential race at a time when the Republican has sought to reassure voters skeptical of his temperament. Trump suggested Tuesday that “the