Good News Is Bad for U.S. Stock Traders as Fed Obsession Returns
published May 17th 2016, 3:54 pm, by Dani Burger and Anna-Louise Jackson (Bloomberg) —Signs of a healing economy have been nothing to celebrate in the U.S. stock market. On a day when industrial production, housing starts and consumer inflation all exceeded forecasts, the Dow Jones Industrial Average tumbled 181 points,
Hillary Clinton Plans to Pin Down Donald Trump on Policy
published May 16th 2016, 4:00 am, by Michael C. Bender (Bloomberg) — As Hillary Clinton’s campaign focuses its attacks on presumptive Republican nominee Donald Trump, she faces the challenge of pinning down someone who rapidly shifts positions on issues, sometimes within a single day. The Republican’s evasiveness confounded his primary
How to Help More Americans Move Out of Poverty: Editorial
published May 16th 2016, 6:00 am, by The Editors (Bloomberg View) — Millions of poor Americans are stuck in places where they and their children are all too likely to remain in poverty. What can be done to improve their prospects? Historically, mobility has been one of the U.S. economy’s
Apple Pay Competitor Delays Product, Cuts About 30 Jobs
published May 16th 2016, 8:06 pm, by Olivia Zaleski (Bloomberg) — Merchant Customer Exchange, a mobile payments company started by major retailers including Wal-Mart Stores Inc., said it will eliminate 30 employees and postpone the national introduction of its highly publicized product, a would-be Apple Pay competitor. The staff cuts
*Obama Says ‘Ignorance Is Not a Virtue’ in Latest Swipe at Trump
published May 15th 2016, 2:38 pm, by Megan O’Neil (Bloomberg) — President Barack Obama told graduating students at Rutgers University that “ignorance is not a virtue” in politics, as the president continued to attack Donald Trump — by implication, if not by name — for his provocative campaign pronouncements. “Facts,
France, Nigeria to Intensify Military Efforts Against Boko Haram
published May 14th 2016, 2:57 pm, by Elisha Bala-Gbogbo (Bloomberg) — French President Francois Hollande and Nigerian President Muhammadu Buhari agreed to strengthen military cooperation and work with the West African country’s neighbors in an stepped-up effort to crush Boko Haram. Buhari said the EU and others had pledged 916
Hedge Funds Reap Big Rewards From Roller-Coaster Russian Markets
published May 15th 2016, 1:00 pm, by Elena Popina (Bloomberg) — Russian assets, which are among the most volatile in the world, are bringing hedge fund managers the best returns in emerging markets. Funds with a geographical focus on the country have gained an average 29 percent since the start
Trump Won’t Tell Republicans He’s One of Them: Margaret Carlson
published May 12th 2016, 3:58 pm, by Margaret Carlson (Bloomberg View) — In the days leading up to Donald Trump’s much-ballyhooed courtesy call to Capitol Hill on Thursday, House Speaker Paul Ryan seemed like a groom wanting his presumptive bride to change before he does. “This is the party of
U.S. 30-Year Bonds Fall After Demand Weakens at $15 Billion Sale
published May 12th 2016, 4:13 pm, by Alexandra Scaggs (Bloomberg) —Treasuries fell after a $15 billion sale of 30-year bonds, the last of three U.S. debt auctions this week, drew the weakest demand since February. U.S. yields rose as the sale garnered the week’s smallest number of bids submitted for
Asian Stocks Retreat Amid Earnings as Technology Shares Decline
published May 12th 2016, 7:10 pm, by Jonathan Burgos (Bloomberg) —Asian stocks dropped as crude oil retreated and technology shares declined after Apple Inc. sank to the lowest since June 2014. The MSCI Asia Pacific Index slipped 0.2 percent to 127.26 as of 9:06 a.m. in Tokyo. The gauge pared