Aetna to Quit Most Obamacare Markets, Joining Major Rivals
published Aug 15th 2016, 8:41 pm, by Zachary Tracer (Bloomberg) —Health insurer Aetna Inc. will stop selling individual Obamacare plans next year in 11 of the 15 states where it had been participating in the program, joining other major insurers who’ve pulled out of the government-run markets in the face
Trump Echoed Again by U.S. Foe as Hezbollah Cites Obama-IS Theme
published Aug 14th 2016, 1:29 pm, by Nour Al Ali (Bloomberg) — The leader of Lebanon’s Hezbollah group cited Donald Trump in accusing the U.S. and President Barack Obama of creating Islamic State, becoming the latest American adversary to quote or praise the Republican nominee. Echoing Trump, Sayyed Hassan Nasrallah
Brexit May Be Delayed Until Late 2019, Sunday Times Says
published Aug 14th 2016, 3:28 pm, by Svenja O’Donnell (Bloomberg) — Britain’s exit from the European Union could be delayed until late 2019 as new departments set up for the transition may not be ready to start negotiations as early as predicted, the Sunday Times reported. The Brexit and international
Blue Corners of Pennsylvania Went Red, But Won’t Matter: Al Hunt
published Aug 14th 2016, 10:00 am, by Albert R. Hunt (Bloomberg View) — The lunch group in Monessen, Pennsylvania, is evenly divided between Trump supporters and Trump opponents. But the dark mood across the whole room suggests why this working-class town might end up favoring him in November. Monessen, once
The Entire World Has a Barbell Strategy and That’s Nuts: Gadfly
published Aug 11th 2016, 4:00 pm, by Christopher Langner (Bloomberg Gadfly) —The investment universe seems to be going nuts. Everyone’s moving either into the safest assets, such as gold and Treasuries, or into the riskiest ones, like emerging-market debt and equities. Call it a mass barbell strategy. Or perhaps negative-rate
S&P 500, Dow, Nasdaq Hit Records Together First Time Since 1999
published Aug 11th 2016, 4:49 pm, by Rita Nazareth, Joseph Ciolli and Lu Wang (Bloomberg) — All three U.S. stock benchmarks rose together to record highs for the first time in 16 years amid surprising earnings. European shares erased the slump that followed Britain’s secession vote. Oil climbed, while Treasuries
To See Where World’s Easy Money Is Going, Look at Russia’s Ruble
published Aug 11th 2016, 6:00 pm, by Andrey Biryukov and Maria Kolesnikova (Bloomberg) — For an example of how the global clamor for yield is drowning out the risks in the world economy, look no further than Russia’s ruble. Investor demand for higher returns has eclipsed a drop in oil
Immigration Sparks Negative Views From U.S. to Russia in Study
published Aug 10th 2016, 6:01 pm, by Alex Morales (Bloomberg) — Immigration is spurring negative attitudes from the U.S. to Russia, according to an Ipsos Mori study that lays bare the attitude to migrants around the world. About 45 percent of more than 16,000 people surveyed in 22 nations said
Wal-Mart Sells Mexico Clothing Chain to Liverpool for $1 Billion
published Aug 10th 2016, 5:54 pm, by Isabella Cota (Bloomberg) — Wal-Mart Stores Inc.’s Mexican unit agreed to sell its Suburbia clothing chain to El Puerto de Liverpool SAB, Mexico’s biggest department store chain operator, in a deal valued at 19 billion pesos ($1.03 billion). The transaction, which involved 119
What’s Really Wrong With the Unemployment Rate: Justin Fox
published Aug 10th 2016, 2:29 pm, by Justin Fox (Bloomberg View) — The U.S. unemployment rate was 4.9 percent in July, according to the Bureau of Labor Statistics. That’s the same as in July 1997. Does this mean the labor market is as healthy now as it was then, in