Oil Declines in New York as U.S. Crude and Fuel Supplies Gain
published Jan 25th 2017, 2:23 pm, by Mark Shenk (Bloomberg) —Oil declined after a U.S. government report showed crude and fuel inventories increased. Futures fell 0.8 percent in New York. Crude supplies rose 2.84 million barrels in the week ended Jan. 20, the Energy Information Administration said. Gasoline stockpiles climbed a fourth
The Divorce Penalty: This 401(k) Fee Can Add Insult to Injury
published Jan 23rd 2017, 5:00 am, by Suzanne Woolley (Bloomberg) —A profit center. A silent fee. One more kick in the pants. Those are a few of the ways divorce lawyers describe the fee that many 401(k) plan participants have to pay when they need to divide a retirement account in a
Trump’s Tweets Don’t Turn Out to Be Useful Stock Tips: Gadfly
published Jan 24th 2017, 11:44 am, by Nir Kaissar (Bloomberg Gadfly) —President Trump has embraced Twitter as his bully pulpit, a 140-character instantaneous broadcast of his pronouncements and denouncements, including about companies that he thinks deserve his praise or ire. Some big banks and hedge funds are apparently using computer
Canada May Face Era of Pipeline Abundance After Keystone Move
published Jan 24th 2017, 5:14 pm, by Robert Tuttle (Bloomberg) —President Donald Trump’s decision to revive TransCanada Corp.’s Keystone XL pipeline may herald a new era of pipeline abundance for Canadian oil producers after years of bottlenecks. The U.S. president signed documents to advance the project Tuesday, more than a
U.S. Stocks Fall on Trump Tax Comments, European Shares Lower
published Jan 23rd 2017, 1:08 pm, by Joseph Ciolli (Bloomberg) —U.S. stocks fell amid mounting losses in energy and industrial shares as investors weighed the Trump administration’s trade policies, including comments from the president mentioning a “very major” border tax. The S&P 500 Index declined 0.4 percent to 2,263.36 at
In the Era of Trump, Israel Sees Its Fetters Falling Away
published Jan 23rd 2017, 6:06 am, by Gwen Ackerman and Fadwa Hodali (Bloomberg) — Donald Trump is already looming large over some of the most contentious issues dividing Israelis and Palestinians, emboldening some Israeli officials to take moves that threaten to reignite violence and make the prospect of reviving peace
Mnuchin Says Excessively Strong Dollar May Hurt U.S. Economy
published Jan 23rd 2017, 4:51 pm, by Saleha Mohsin (Bloomberg) — U.S. Treasury Secretary nominee Steven Mnuchin said an “excessively strong dollar” could have a negative short-term effect on the economy. “The strength of the dollar has historically been tied to the strength of the U.S. economy and the faith
Braced for Trump Challenge, China Signals Readiness to Cooperate
published Jan 22nd 2017, 10:01 am, by Bloomberg News (Bloomberg) — Confronted by the challenge of a Donald Trump-led White House, China is signaling it’s ready to work with the new administration and has already taken a handful of policy steps that may help fend off criticism over access to
Love Trump? Hate Him? That’s No Way to Invest.: Barry Ritholtz
published Jan 20th 2017, 10:10 am, by Barry Ritholtz (Bloomberg View) — Today is the day that Donald J. Trump will be inaugurated as the 45th U.S. president. From weeks before the election right up until today, talking heads have been telling us how momentous this will be for the
President Trump Promises ‘Good Result’ From Nafta Renegotiation
published Jan 22nd 2017, 2:51 pm, by Anna Edgerton and Toluse Olorunnipa (Bloomberg) — President Donald Trump used one of his first appearances in the White House to reaffirm a campaign promise to renegotiate Nafta, indicating that he isn’t retreating from the opposition to free trade that was central to