How One Woman Shut Up Twitter Trolls With Pharma Stock Rally
published Nov 30th 2016, 10:15 pm, by Ari Altstedter (Bloomberg) — For more than two years Kiran Mazumdar-Shaw had a quarterly date with her Twitter trolls. Every three months, after her Bangalore-based pharmaceutical company would deliver its earnings report, Mazumdar-Shaw says the trolls would emerge. They would tell the Biocon
Steven Mnuchin to Be Named Treasury Secretary
published Nov 29th 2016, 5:01 pm, by Paul Bond (Hollywood Reporter) – Hollywood insider Mnuchin, whose film credits as an executive producer include the Tom Hanks film Sully and the Ben Affleck movie The Accountant, is expected to be named President-elect Donald Trump’s Treasury Secretary as early as tomorrow, The
U.S. Stocks Regain Momentum as Housing, GDP Data Show Strength
published Nov 29th 2016, 3:20 pm, by Sofia Horta e Costa and Lu Wang (Bloomberg) — U.S. stocks regained their momentum and hovered near all-time highs as traders digested encouraging data on gross domestic product growth and real estate, looking for hints about the strength of the economy ahead of
The Year the World Felt the Might of China’s Commodity Traders
published Nov 29th 2016, 4:18 pm, by Bloomberg News (Bloomberg) —The Chinese speculators shaking up global commodity markets are switched-on, flush with cash and probably not getting enough sleep. For the second time this year, trading has exploded on the nation’s exchanges, pushing prices of everything from zinc to coal
Some Bankers Are Already Cashing In on Trump’s Win
published Nov 28th 2016, 1:55 pm, by Luke Kawa and Drew Singer (Bloomberg) — On the campaign trail, President-elect Donald Trump lambasted Hillary Clinton for profiting off speeches delivered to Wall Street bankers. In an ironic twist, the real estate mogul’s victory has fostered the exact opposite dynamic, enriching bankers
More Equity Losses Ahead in Asia as New Concerns Boost Yen, Gold
published Nov 28th 2016, 4:54 pm, by Emma O’Brien (Bloomberg) — The global equity rally is petering out, with index futures signaling losses in Asia following U.S. benchmarks’ retreat from record highs. Haven assets maintained gains as the focus shifted from Donald Trump’s election win to fresh threats to market
Outdated 401(k) Rules Are Shortchanging Americans
published Nov 28th 2016, 5:32 pm, by Suzanne Woolley (Bloomberg) — Many company 401(k) retirement savings plans could use a swift kick into the 21st century, according to a new report from the U.S. Government Accountability Office. A number of longtime 401(k) plan designs fail to reflect a new, more
OPEC Pushes for Oil Deal as Saudis Open Door for No Output Cut
published Nov 27th 2016, 4:00 pm, by Angelina Rascouet, Grant Smith and Wael Mahdi (Bloomberg) — OPEC is embarking on a last-ditch diplomatic push to reach a production cut, with ministers flying to Russia for talks, as Saudi Arabia for the first time suggested the oil-club doesn’t necessarily need to
U.S. Existing Home Sales Climb to Highest Since Early 2007
published Nov 22nd 2016, 9:19 am, by Shobhana Chandra (Bloomberg) — Sales of previously owned U.S. homes unexpectedly climbed in October to the highest level since February 2007, a sign of momentum in the housing market a month before a jump in borrowing costs, National Association of Realtors data showed
Soaring Consumer Confidence: Are Americans Happy It’s Trump, or Just Happy It’s Over?
published Nov 23rd 2016, 11:12 am, by Luke Kawa and Julie Verhage (Bloomberg) — On the surface, the message from the University of Michigan’s final reading of consumer sentiment for November is that President-elect Donald Trump will fix what ails the nation — fast. The consumer expectations index of the