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Business Headlines

Curated news from Bloomberg Business

Business Headlines

published May 24th 2016, 11:42 am, by Inyoung Hwang and Oliver Renick (Bloomberg) — U.S. stocks joined a rally in European shares as growing conviction that the Federal Reserve will raise interest rates this summer sparked gains in financial shares. The dollar rose and Treasuries fell as housing data reinforced

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Business Headlines

published May 24th 2016, 4:00 pm, by David Wainer (Bloomberg) — As most developed countries reeled from housing busts and collapsing financial systems in the wake of the 2008 financial crisis, Israel defied the chaos with strong annual economic growth, a stable financial system and robust exports. It’s since caught

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Business Headlines

published May 24th 2016, 4:13 pm, by Nafeesa Syeed (Bloomberg) — A former U.S. lawmaker who served on the commission that investigated the Sept. 11 attacks said there’s a “glaring contrast” between Saudi Arabia’s high-level cooperation in uncovering terrorist plots and its “society and culture exporting extremism and intolerance.” The

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Business Headlines

published May 23rd 2016, 5:00 pm, by Sam Kim (Bloomberg) — Kim Jong Un is looking to one of North Korea’s more experienced technocrats — who once narrowly escaped being purged — to revive the economy in the face of punishing international sanctions. Kim this month named prime minister Pak

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Business Headlines

published May 23rd 2016, 6:00 pm, by Tom Orlik (Bloomberg View) —Both Hillary Clinton and Donald Trump have propelled their campaigns in part by appealing to globalization’s losers. The blue-collar American workers who have seen wages shrink and jobs disappear offshore have responded strongly to Trump’s China-bashing and Clinton’s newfound

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Business Headlines

published May 23rd 2016, 6:50 pm, by Elizabeth Campbell (Bloomberg) —Chicago Mayor Rahm Emanuel reached an agreement with unions on a way to shore up the smallest of the city’s struggling pension funds, saying it would create a “path to solvency” after a previous overhaul was struck down by the

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Business Headlines

published May 20th 2016, 10:49 am, by Marc Champion (Bloomberg View) —The bombings in Brussels in March, like the crash of the EgyptAir flight in the Mediterranean this week, raised questions about the costs and benefits of adding more airport security, the topic of this column first published on March

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Business Headlines

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

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Business Headlines

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

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Business Headlines

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

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