U.K. Firms Show Reluctance to Invest After Brexit Vote, BCC Says
published Oct 9th 2016, 6:01 pm, by John Ainger (Bloomberg) — U.K. businesses have become more cautious about the outlook and may be less inclined to invest and hire since the vote to leave the European Union, according to the British Chambers of Commerce. Citing “muted business investment intentions,” the
How to Play Sunday’s Debate: A Personal-Finance Guide
published Oct 7th 2016, 4:00 am, by Suzanne Woolley (Bloomberg) — It’s the economy again, stupid. The presidential race has been dominated by debate over job creation, retirement, and other tenets of economic security, along with looming questions over race in America and threats from abroad. The future of Social
Clinton-Trump Meet in Round 2, Fed Minutes: Week Ahead Oct. 8-15
published Oct 6th 2016, 4:24 pm, by Stanley James, Phyllis Halliday and James Amott (Bloomberg) — The second U.S. presidential debate between Hillary Clinton and Donald Trump takes place on Sunday night in St. Louis. Their first encounter was the most watched ever, with an audience of more than 84
North Korean Defectors to Create Government in Exile, Paper Says
published Oct 6th 2016, 8:53 pm, by Kanga Kong (Bloomberg) — A group of high-profile defectors are planning to establish a North Korean government in exile in the U.S. early next year, a South Korean newspaper reported Friday, citing one the of the group’s leaders. The defectors — some of
Hollywood Can Save the American Family: Megan McArdle
published Mar 17th 2015, 12:35 pm, by Megan McArdle (Bloomberg View) — Robert Putnam’s “Our Kids: The American Dream in Crisis” has touched off a wave of print and digital commentary. The book chronicles a growing divide between the way affluent kids are raised, in two-parent homes whose parents invest
Sears Might Have Found a Tool for (Temporary) Survival: Gadfly
published Oct 5th 2016, 10:12 am, by Shelly Banjo (Bloomberg Gadfly) — Is this the end of the line for Sears? Not exactly. The slow-burning department-store chain is in talks to sell its Craftsman tool business for around $2 billion, Bloomberg News reported on Tuesday. At first glance, this seems like
Matt Levine’s Money Stuff: Illegal Stock Tips and Risky Loans
published Oct 5th 2016, 8:17 am, by Matt Levine (Bloomberg View) — Insider trading. I don’t know what else there is to say about the Salman insider trading case being argued before the Supreme Court today, but I guess Salman’s and the government’s lawyers will find something. If you pass inside
Alaska Oil Known Reserves May Have Grown 80% on Discovery
published Oct 5th 2016, 11:29 am, by Robert Tuttle (Bloomberg) — Alaska’s oil reserves may have just gotten 80 percent bigger after Dallas-based Caelus Energy LLC announced on Tuesday the discovery of 6 billion barrels under Arctic waters. The light-oil reserves were found in the company’s Smith Bay leases between
Pence Stays Cool With Kaine on Attack in Running Mate Debate
\published Oct 4th 2016, 9:19 pm, by John McCormick and Mark Niquette (Bloomberg) — Democrat Tim Kaine repeatedly tried to bait Republican Mike Pence into defending his running mate’s most controversial positions and statements, but the Indiana governor deflected the attacks with the kind of discipline Republicans have been urging
Gold Investors Race to Exit in Biggest Futures Slump Since 2013
published Oct 4th 2016, 9:28 pm, by Luzi Ann Javier and Eddie van der Walt (Bloomberg) — The trickle of investors exiting gold in recent months has grown into a torrent. Gold futures slumped by the most in almost three years on Tuesday amid speculation that the period of easy