*Obama Calls Deadliest U.S. Shooting an Act of Terror and Hate
published Jun 12th 2016, 4:45 pm, by Alan Levin and Tamara Thueringer (Bloomberg) — The killing spree at a gay bar in Orlando, Florida, that left at least 50 dead in the worst mass shooting in U.S. history was “an attack on all of us,” President Barack Obama said on
*Illinois Downgraded to Lowest for Any State in Over a Decade
published Jun 9th 2016, 4:10 pm, by Elizabeth Campbell (Bloomberg) — Illinois had its bond ratings dropped to levels not seen for a U.S. state in over a decade because of a protracted political deadlock that’s left it veering toward its second straight year without a budget. Moody’s Investors Service
Apple Plans to Sell Excess Rooftop Solar Energy From New Home
published Jun 9th 2016, 6:17 pm, by Alex Webb (Bloomberg) — Apple Inc. plans to sell excess electricity generated by solar panels on the roof of its new headquarters in Cupertino, California, joining Google parent Alphabet Inc. in efforts to trade on the energy market. A subsidiary named Apple Energy
S&P 500 Slips From 10-Month High as Banks, Commodity Shares Fall
published Jun 9th 2016, 3:45 pm, by Anna-Louise Jackson (Bloomberg) — U.S. stocks edged lower, with the S&P 500 Index slipping from a 10-month high, as investors evaluated the gauge’s run toward a record amid lingering concerns about the impact of lackluster global growth. Equities staged an afternoon rebound as
Huffington Said to Plan Media Startup Backed by Alibaba’s Ma
published Jun 8th 2016, 5:09 pm, by Olivia Zaleski and Gerry Smith (Bloomberg) — A decade after co-founding the news site that bears her name, Arianna Huffington is poised to expand her media empire with a startup focused on health and wellness. Huffington, 65, has held talks with investors about
Everything’s a Buy as Central Banks Keep on Greasing Markets
published Jun 8th 2016, 6:00 pm, by Ye Xie, Natasha Doff and Dani Burger (Bloomberg) — Misery is making strange bedfellows in global markets. At a time when risky assets including stocks, commodities, junk bonds and emerging-market currencies are rallying to multi-month highs, so are the havens, from gold, government
Robots Look Like China’s Latest Investment Bubble: Adam Minter
published Jun 8th 2016, 7:39 pm, by Adam Minter (Bloomberg View) — The story first turned up in mid-May: Foxconn, Apple’s favorite manufacturer, was replacing 60,000 of its workers with robots. Everyone from the BBC to Apple fan sites soon reported the ground-shifting news. There was just one problem: It
U.S. Tech Has Disrupted Global Tax Systems: Leonid Bershidsky
published Jun 7th 2016, 12:55 pm, by Leonid Bershidsky (Bloomberg View) — Greece, that hotbed of worst economic practices, has provided a perfect illustration of one of the biggest problems facing governments: In a world that’s increasingly unified by technology, the fiscal systems are still designed for 20th-century business models.
Japan’s Economy Grows More Than Initial Reading in First Quarter
published Jun 7th 2016, 6:59 pm, by Keiko Ujikane (Bloomberg) — Japan’s economy grew more than the government initially reported for the first quarter, driven by an upward revision in business investment. Gross domestic product expanded by an annualized 1.9 percent in the three months ended March 31, more than
Global Governments Are Boosting Spending at the Fastest Rate since 2009
published Jun 6th 2016, 7:33 am, by Luke Kawa (Bloomberg) — The world’s governments are stepping up to the plate to relieve monetary policymakers of some of the burden of supporting persistently slow-growth economies, according to HSBC Holdings PLC. Around the world, government spending is poised to grow by more