America’s Shale Gas Bounty Is Heading Overseas at a Record Clip
published May 31st 2017, 6:00 pm, by Naureen S. Malik and Kevin Varley (Bloomberg) — America’s natural gas is flowing out of the country at a record pace, helping to ease a supply glut at home while tumbling prices for the fuel entice overseas buyers. When the liquefied natural gas
Skip the Avocado Toast to Save for Retirement: Noah Smith
published May 22nd 2017, 7:00 am, by Noah Smith (Bloomberg View) — I’ll confess that I once ate a very expensive piece of avocado toast, at a hip coffee shop in Brooklyn, New York. It wasn’t very good, either. So I hear what Australian mega-millionaire Tim Gurner is saying when
What You’re Missing When You Work From Home: Megan McArdle
published May 31st 2017, 7:39 am, by Megan McArdle (Bloomberg View) —It’s been more than 10 years since I last worked in an office on any regular basis, and remote work has worked for me and my employers. And yet, when I read that Apple and IBM were moving away
Could China Be on the Verge of a Recession?: Christopher Balding
published May 31st 2017, 6:50 pm, by Christopher Balding (Bloomberg View) —For the first time ever, China is facing a dreaded prospect: the inverted bond yield curve. The phenomenon, in which long-term interest rates sink below short-term interest rates, has caused some consternation among market-watchers, who know it’s traditionally a
Jeb Bush Said to Abandon Marlins Bid in Clash With Derek Jeter
published May 30th 2017, 3:58 pm, by Scott Soshnick (Bloomberg) —Former Florida Governor Jeb Bush abandoned his effort to buy baseball’s Miami Marlins, leaving Derek Jeter to pursue the club on his own, according to people familiar with the matter. Bush and Jeter won the auction to buy the team last
New Warning Sign as Fewer Subprime Auto Borrowers Pay Off Early
published May 30th 2017, 3:42 pm, by Matt Scully (Bloomberg) —Fewer subprime borrowers are paying off their auto loans early, a possible sign that consumers with weaker credit scores are struggling more, according to a report by Wells Fargo & Co. researchers. Borrowers are making fewer extra payments on loans that
Amazon Shares Hit $1,000, Showing E-Commerce, Cloud Prowess
published May 30th 2017, 4:01 pm, by Spencer Soper (Bloomberg) —Amazon.com Inc.’s shares rose briefly just above $1,000 for the first time Tuesday, marking a new milestone for a company wooing investors by dominating online commerce and cloud computing. Amazon hit an intraday high of $1,001.20 in New York before
Trump Praises Troops as White House Grapples With Kushner Report
published May 29th 2017, 1:46 pm, by Ryan Beene and Megan O’Neil (Bloomberg) —U.S. President Donald Trump stuck to a traditional script in his first public appearance since returning from Europe and the Middle East as the White House grapples with revelations of mounting scrutiny into son-in-law Jared Kushner’s outreach
Hospitals, Medicaid Insurers Still Face an Ugly Future: Gadfly
published May 26th 2017, 12:26 pm, by Max Nisen (Bloomberg Gadfly) —Trumpcare’s chances of becoming law took a big hit this week. But the hospitals and Medicaid insurers directly in its path can’t rest easy. Shares of such companies rose on Thursday, presumably cheering the Congressional Budget Office’s score of
Stocks Meander in Holiday-Hit Trading; Pound Rises: Markets Wrap
published May 29th 2017, 4:30 pm, by Samuel Potter and Aline Oyamada (Bloomberg) —Global stocks were mixed and the dollar and euro traded sideways amid thin trading as investors weighed the latest comments from a Federal Reserve official on the path of U.S. borrowing costs and Mario Draghi’s dovish message to