U.S. Jobless Claims Rise From Lowest in Almost 45 Years
published Jan 25, 2018 7:46:38 AM, by Katia Dmitrieva (Bloomberg) — U.S. filings for unemployment benefits increased a week after plunging to the lowest level since 1973, underscoring a still historically tight jobs market, Labor Department figures showed Thursday. Highlights of Jobless Claims (Week Ended Jan. 20) Jobless claims increased by
U.S. New-Home Sales Fell More Than Forecast in December
published Jan 25, 2018 9:14:19 AM, by Katia Dmitrieva (Bloomberg) — U.S. purchases of new homes declined more than projected last month and were revised down in the prior period, showing the market returned to a less exuberant pace as the year drew to a close, according to government data
Robots Rejected: Humans Still Build the Best New Car You Can Buy
published Jan 23, 2018 3:00:00 PM, by John Lippert (Bloomberg) — More than three decades after Honda Motor Co. first built an Accord sedan at its Marysville, Ohio, factory in 1982, humans are still an integral part of the assembly process — and that’s unlikely to change anytime soon. Even
White House Is Said to Worry About Kim’s Olympics Propaganda Bid
published Jan 23, 2018 4:17:49 PM, by Margaret Talev (Bloomberg) — U.S. Vice President Mike Pence will take a higher-profile approach to attending the Winter Olympics in South Korea next month to help counter what a White House official called North Korea’s propaganda efforts at the games. Concerned about North
Matt Levine’s Money Stuff: Not Everyone Likes CDS Creativity
published Jan 18, 2018 8:39:36 AM, by Matt Levine (Bloomberg View) – Hovnanian. We have talked a few times recently about Hovnanian Enterprises Inc., which got favorable financing from Blackstone Group’s GSO Capital Partners through some credit-default-swap market machinations. GSO had bought CDS protection that would pay off if Hovnanian defaulted. Hovnanian will refinance its
After Bankruptcy, Who Will Save the East Coast’s Oldest Refiner?
published Jan 22, 2018 5:21:23 PM, by Laura Blewitt and Mario Parker (Bloomberg) — After nearly 150 years in business, the biggest oil refinery east of the Mississippi River has operated through the Great Depression, two world wars and the 1970s Saudi oil embargo. It’s faced more than one shutdown.
Netflix Value Tops $100 Billion, Matches Goldman Sachs, Qualcomm
published Jan 22, 2018 7:07:10 PM, by Lucas Shaw (Bloomberg) — Netflix Inc. surged in late trading after a blow-out quarter, vaulting past $100 billion in market value for the first time to put the video service on a lofty perch with the likes of Goldman Sachs Group Inc. and
Sellers Want to Sell, Buyers Want to Buy: Emerging Bond Boom
published Jan 22, 2018 7:50:48 PM, by Lyubov Pronina, Lilian Karunungan and Selcuk Gokoluk (Bloomberg) — Emerging markets are racking up bond sales at a record pace this year as issuers scramble to lock in low yields before the Federal Reserve’s next interest-rate increase. 1. The Tally so Far Borrowers
As Trump Shreds Global Trade Deals, Xi Basks in `Davos Man’ Role
published Jan 18, 2018, 5:00:00 PM, by Enda Curran and Nick Wadhams (Bloomberg) — If one needed a reminder of how surreal the globalization debate has become in recent years, look no further than the talking salons of Davos. Donald Trump and Xi Jinping, whose countries account for about 40
Digital Eyewear, 3D Holograms Challenge Hidebound Med Schools
published Jan 21, 2018, 3:00:01 PM, by Jason Gale (Bloomberg) — Shafi Ahmed dons a pair of digital sunglasses and explains how the tiny lenses built into its black plastic frame, which can capture high-resolution images, are transforming how doctors get trained in operating rooms. The British colorectal surgeon used