Oil Trades Near $52 as Libya Fields Start, U.S. Supply Seen Down
published Dec 20th 2016, 11:45 am, by Mark Shenk (Bloomberg) —Oil traded near $52 a barrel in New York as Libya said it reopened two oil fields while analysts project government data to show U.S. crude supplies fell for a fifth week. Futures fluctuated after rising as much as 1.1 percent
In Potentially Risky Strategy, U.S. Startups Pile on Debt
published Dec 20th 2016, 5:12 pm, by Lizette Chapman (Bloomberg) —Persado Chief Executive Officer Alex Vratskides could raise venture funding. He’s just not sure he wants to. His New York-based startup doubled annual revenue this year and is on track to break even in 2017. Valued at about $200 million
A Trump Border Adjustment Tax Is a Wild Card for Oil: Gadfly
published Dec 19th 2016, 12:20 pm, by Liam Denning (Bloomberg Gadfly) —It’s only fair to warn you that this column concerns tax policy, so maybe grab a coffee first. It’s also about oil (if that helps.) One of the incoming Trump administration’s priorities is tax reform. And one proposal outlined
If the U.S. Won’t Pay Its Teachers, China’s Tiger Moms Will
published Dec 19th 2016, 3:00 pm, by Bloomberg News (Bloomberg) —Cindy Mi leans forward on a couch in her sun-filled Beijing office to explain how she first got interested in education. She loved English so much as a child that she spent her lunch money on books and magazines to
U.S. Stocks Climb With Small Caps After Europe Shares End Flat
published Dec 19th 2016, 12:53 pm, by Oliver Renick (Bloomberg) —U.S. stocks inched higher as investors assessed a rally that has lifted equities to record levels in the past month. The S&P 500 Index added 0.2 percent to 2,262.84 at 1:15 p.m. in New York. The benchmark gauge fell 0.2
Stress May Be Widening the U.S. Longevity Gap: Peter Orszag
published Dec 12th 2016, 10:18 am, by Peter R. Orszag (Bloomberg View) — Stress, I’ve long suspected, may explain why lifespans have been lengthening for high-income Americans but have remained the same or even shortened for low-income and middle-income people. A new analysis from the Hamilton Project released today adds
When Will You Age Out of Your Career? Check This Chart
published Dec 9th 2016, 6:00 am, by Ben Steverman (Bloomberg) — One way to prepare for retirement is to save. Another way: Don’t retire. It’s surprisingly common to put very little aside and hope you never need to hang up your cleats for good. Among investors under age 35, more
Brexit Entails Budget Cuts for What’s Left of EU, Denmark Says
published Dec 18th 2016, 5:00 pm, by Peter Levring (Bloomberg) —Without Britain’s contributions, the remaining European Union members will need to get by on a smaller budget, according to Denmark. No one, including Germany, wants to fill the 7.6 billion-euro ($7.9 billion) hole that will be left once Britain —
Do You Have More Debt Than the Average American?
published Dec 15th 2016, 4:00 am, by Suzanne Woolley (Bloomberg) —When it comes to debt, it’s nice to be below average. Do your credit card balances fall below the national mean of $16,000 for households with debt? Is your total household debt, including mortgages, shy of the $132,500 mark? If so,
Oil Closes Near $51 as Kuwait Said to Cut Sales to U.S., Europe
published Dec 15th 2016, 3:51 pm, by Mark Shenk (Bloomberg) —Oil settled near $51 a barrel in New York as Kuwait was said to make bigger supply cuts to U.S. and European customers. Crude pared losses after earlier falling 2.1 percent as the dollar advanced after the Federal Reserve raised