Gross Says Bitcoin Limits Make It Unlikely Currency Alternative
published Dec 7, 2017, 2:12:25 PM, by John Gittelsohn, Scarlet Fu and Julia Chatterley (Bloomberg) — The limited supply of bitcoin may drive up its value for now, but also makes it an unlikely substitute for currencies or gold in times of economic distress, according to Bill Gross, the billionaire
Coffee Glut Hinges on Whether Top Growers Will Hold Back Sales
published Dec 7, 2017, 6:01:00 PM, by Isis Almeida, Mai Ngoc Chau and Fabiana Batista (Bloomberg) — Hoang Thi Thom, a coffee grower in No. 2 producer Vietnam, isn’t keen to sell this year’s harvest. With prices for the robusta coffee she grows down 18 percent in 2017, Thom has
Dollar Eyes Best Week Since September; Stocks Rise: Markets Wrap
published Dec 7, 2017, 6:32:10 PM, by Adam Haigh (Bloomberg) — The dollar is poised for its biggest weekly gain since September as the U.S. tax reform bill made encouraging progress and ahead of employment data that’s expected to show hiring remains robust in the world’s largest economy. Asian stocks
U.S. Ready to Ship More Gas to Middle East as Saudis Get Offer
published Dec 6, 2017, 3:00:00 PM, by Anthony DiPaola, Tracy Alloway and Mahmoud Habboush (Bloomberg) — U.S. natural gas exports could find buyers in the oil-rich Persian Gulf as countries there look to meet surging demand. Growing U.S. exports of liquefied natural gas could be an additional source of gas
World Leaders Condemn Trump Jerusalem Move, Warn of Violence
published Dec 6, 2017, 7:09:20 PM, by Donna Abu-Nasr and John Follain (Bloomberg) — World leaders reacted with dismay after President Donald Trump decided to recognize Jerusalem as Israel’s capital and relocate the U.S. embassy there, amid concern the moves could ignite new violence and bury any hope for resolving
America’s Retirement System Is Too Inconsistent: Justin Fox
published Dec 6, 2017, 10:00:09 AM, by Justin Fox (Bloomberg View) — The U.S. is exceptional, and therefore an outlier in lots of international comparisons. Our incomes are high and our taxes are low, which is good. But our health-care bills are astronomical and our infant mortality rate is awfully high, too (for a wealthy country),
Mortgage Insurance Program Knocked by GOP Slips But Doesn’t Fall
published Nov 14, 2017, 11:00:01 PM, by Joe Light (Bloomberg) — The financial health of a top U.S. mortgage program worsened this year, which could make it harder for affordable-housing advocates to persuade a key government agency to cut the fees it charges lower-income borrowers. The capital reserves of the Federal
What Technophobe Doctor Shows About Future Jobs: Stephen Carter
published Dec 5, 2017, 4:15:13 PM, by Stephen L. Carter (Bloomberg View) — What if your profession has never required much computer literacy — and then all of a sudden it does. Should you be fired? Should your license be yanked? That’s the question raised by the bizarre case of
Asia Faces Mixed Start After U.S. Stocks Decline: Markets Wrap
published Dec 5, 2017, 5:13:22 PM, by Adam Haigh (Bloomberg) — Asian equity markets looked set for a mixed start to Wednesday trading following an afternoon sell-off in U.S. equities as traders await catalysts that would provide reason to add to risk assets before the year draws to a close.
Growth in U.S. Service Industries Cools From a 12-Year High
published Dec 5, 2017, 9:39:51 AM, by Shobhana Chandra (Bloomberg) — Growth in U.S. service industries cooled by more than forecast in November after the fastest expansion since 2005, as orders eased and supply chains normalized following two hurricanes, an Institute for Supply Management survey showed Tuesday. Highlights of ISM