U.S. Stock Futures Signal More Losses After 2016 Gains Wiped Out
published Jun 26th 2016, 6:38 pm, by Joseph Ciolli and Anna-Louise Jackson (Bloomberg) — The selling continued in American stocks after investors suffered the worst day since August on Friday following the U.K. referendum. Index futures on the S&P 500 Index fell 0.6 percent to 2,005.75 as of 7:31 p.m.
Wall Street Has Some Questions About Elon Musk’s ‘Blindingly Obvious’ Clean Energy Deal
published Jun 22nd 2016, 9:04 am, by Luke Kawa and Tim Hlavacek (Bloomberg) —Elon Musk stared at the sun and envisaged a clean energy behemoth. “Blindingly obvious” was how the Tesla Motors Inc. chief executive officer and chairman of SolarCity Corp. described the plan to combine the two companies. The proposed deal
Do You Pass the Financial Stress Test?
published Jun 23rd 2016, 5:00 am, by Suzanne Woolley (Bloomberg) — The largest U.S. banks found out today if they passed one of the Federal Reserve’s annual stress tests. The goal is to be judged strong enough to weather the economic fallout from a major financial crisis like the one
Japan Shares Pare Gain as Early U.K. Vote Results Favor Brexit
published Jun 23rd 2016, 7:40 pm, by Min Jeong Lee and Yuko Takeo (Bloomberg) — Japanese shares pared gains as early results from the U.K. referendum on European Union membership showed better-than-expected support for the “Leave” camp. The Topix index rose 0.2 percent to 1,300.83 as of 9:37 a.m. in
Obama to Fight Court Ruling That Struck Down Fracking Rules
published Jun 22nd 2016, 1:14 pm, by Jennifer A. Dlouhy (Bloomberg) —The Obama administration will fight a federal judge’s ruling overturning its effort to regulate hydraulic fracturing on public lands, a decision that struck another blow to the president’s environmental legacy. “We’ll continue to make our case in the courts,”
Democrats Hold Sit-In on House Floor Demanding Gun Curb Vote
published Jun 22nd 2016, 3:34 pm, by Billy House (Bloomberg) — Democrats staged a sit-in on the U.S. House floor Wednesday in an effort to force Republicans to allow a vote on a plan to ban suspected terrorists from buying guns. “Now is the time for us to find a
Survey: Are You Ready for Another Millennial Survey?
published Jun 21st 2016, 12:46 pm, by Suzanne Woolley (Bloomberg) —Poor millennials. If the data-hungry survey firms pursuing them were piranhas, the whole generation would be reduced to a bunch of skeletons. The behavior and attitudes of people age 18-34 have been scrutinized every which way. Much of that focus makes good business sense, since
A Short-Handed Supreme Court Picks a Careful Path: Noah Feldman
published Jun 21st 2016, 11:27 am, by Noah Feldman (Bloomberg View) — The Supreme Court declined to get involved in a hot-button national issue when it refused Monday to hear a challenge to Connecticut’s ban on assault rifles. Yet at the same time, the justices took two cases highly relevant
Losing a Nuclear Weapon Against Climate Change: Editorial
published Jun 21st 2016, 1:00 pm, by The Editors (Bloomberg View) — Some environmentalists are thrilled at Tuesday’s announcement of the planned closing of California’s Diablo Canyon nuclear power plant. They might want to reconsider: Fighting climate change requires more nuclear power, not less. The losers in this plan, which
New Super-PAC Launches for Donors Who Won’t Back Trump But Loathe Clinton
published Jun 21st 2016, 8:32 pm, by Joshua Green and Zachary Mider (Bloomberg) —For all his prowess at appealing to Republican voters, Donald Trump has struggled mightily to win over rich Republican donors. After savaging major party funders as corrupt insiders during the primaries, Trump is finding them reluctant to