Sanders Slams Closed Process, Rift With Top Democrats Widens
published May 22nd 2016, 11:33 am, by David McLaughlin and Ben Brody (Bloomberg) —Bernie Sanders stepped up his feud with Democratic leadership, saying he’s backing the primary opponent of Representative Debbie Wasserman Schultz, the party’s national committee chairwoman, and taking on an “undemocratic” nominating process. “Clearly, I favor her opponent. His
Crowdfunding Sites Connect Chinese Tech to Eager Foreign Backers
published May 22nd 2016, 5:00 pm, by Shai Oster (Bloomberg) —Online crowdfunding sites have been the place to raise money to research the theory of everything or back a San Francisco startup. Now, Chinese tech companies are using them to crack the U.S. market. Yet these aren’t exactly struggling startups. Take
*China’s Cheaper Coal Seen Slowing Switch to Cleaner Natural Gas
published May 19th 2016, 6:01 pm, by Bloomberg News (Bloomberg) — China’s effort to promote natural gas over coal to cut pollution is facing resistance from buyers who prefer cheaper to cleaner. The world’s largest energy consumer seeks to raise the share of less-polluting natural gas to 10 percent of
Trump Promotes Manafort to Campaign Chairman
published May 19th 2016, 1:36 pm, by Jennifer Jacobs and Kevin Cirilli (Bloomberg) — Power over the management of Donald Trump’s presidential campaign is shifting to Paul Manafort. Manafort was hired for his experience with contested Republican conventions, but now that that threat has passed, Trump is naming the 67-year-old
Matt Levine’s Money Stuff: AI Trading and Agency Bond Prices
published May 19th 2016, 8:21 am, by Matt Levine (Bloomberg View) — Artificial intelligence. Look, Two Sigma is a big smart hedge fund that has done well and made its founders rich and has prospective recruits wear virtual-reality headsets for some reason. And I am sure they are wonderful at
*Obamacare Rates Rise in New York, and So Does Political Risk
published May 18th 2016, 4:24 pm, by Zachary Tracer (Bloomberg) — The rates Americans pay for coverage through Obamacare are going up, as New York joins the list of states where insurers are seeking big increases in premiums under the program, adding risk for the law as the U.S. presidential
Violent Struggle Over Oil and Money Rattles Global Energy Market
published May 18th 2016, 6:01 pm, by Elisha Bala-Gbogbo and Javier Blas (Bloomberg) — After years of relative peace, militants are again blowing up the pipelines that criss-cross the mangrove swamps of Nigeria’s Niger River delta, reducing oil output to the lowest in almost three decades and fueling a rally
Zuckerberg Acknowledges Trust Gap After Meeting on Bias
published May 18th 2016, 7:28 pm, by Sarah Frier (Bloomberg) —Facebook Inc. Chief Executive Officer Mark Zuckerberg met with political conservatives to explain how the social network comes up with its trending news topics, seeking to quell concerns that liberal-leaning news and sources were favored by the company’s editors. “I
What Are Startups Afraid of? The Answers Say a Lot About Tech
published May 17th 2016, 2:30 pm, by Olivia Zaleski (Bloomberg) —Y Combinator, which helped incubate Airbnb Inc. and Instacart Inc., has a reputation for having an application process that’s more exclusive than Harvard University’s. About 6,000 aspiring startups applied to the Silicon Valley business incubator’s summer 2016 class in hopes of
Emerging Stocks Advance With Oil as Apple Boosts Tech Companies
published May 17th 2016, 3:37 pm, by Ian Sayson, Nupur Acharya and Maria Levitov (Bloomberg) — Emerging-market stocks advanced for a second day as oil selling for the highest price since November helped lift energy producers and suppliers of Apple Inc. rallied after Berkshire Hathaway Inc. disclosed that it held