Oil Extends Gain Amid Freeze Pact Optimism, Declining Supplies
published Apr 5th 2016, 7:58 pm, by Ben Sharples (Bloomberg) — Oil extended gains for a second day after Kuwait said a deal to freeze output can be reached without Iran and U.S. industry data showed crude stockpiles declined. Futures rose as much as 2.7 percent in New York after
Sanders Wins Wisconsin Primary to Extend Streak, Slow Clinton
published Apr 5th 2016, 8:29 pm, by Mark Niquette (Bloomberg) — Bernie Sanders defeated Hillary Clinton in Wisconsin’s Democratic presidential primary, bolstering his bid to slow the front-runner’s march toward the party nomination and extending a string of victories. Sanders, a Vermont Senator, was declared the winner of the primary
The World Has Started Spending More on Weapons
published Apr 4th 2016, 6:01 pm, by Benjamin D Katz (Bloomberg) — Global military spending has begun rising in real terms for the first time since the U.S. began its withdrawal of troops from wars in Iraq and Afghanistan, according to the Stockholm International Peace Research Institute. Defense budgets rose
The On-Demand Economy Is Powered by Old People: Justin Fox
published Apr 4th 2016, 6:15 pm, by Justin Fox (Bloomberg View) — Much ink and many pixels have been spilled over the past few years about the rise of the gig economy, sharing economy, on-demand economy, 1099 economy, freelancer economy or whatever you prefer to call it. Some of the
For Women, India’s Workfare Program Works: Chandrahas Choudhury
published Apr 4th 2016, 5:00 pm, by Chandrahas Choudhury (Bloomberg View) — Over the last 10 years in India, perhaps no other law has sparked such sustained debate as the Mahatma Gandhi National Rural Employment Guarantee Act, universally known as “Narega.” Passed by the previous Congress government in February 2006
Trump Back on Attack Demanding Kasich Exit, Predicting Recession
published Apr 3rd 2016, 3:05 pm, by Mark Niquette and Kevin Cirilli (Bloomberg) — Donald Trump was back on the offense after a difficult few days, demanding that competitor John Kasich drop out of the Republican presidential race and asserting that the U.S. is headed for a “very massive recession”
Gold Lovers Bet Party Isn’t Over After 17% First-Quarter Surge
published Apr 3rd 2016, 9:20 pm, by Megan Durisin (Bloomberg) — Even after a lackluster March, money managers are betting the best-performing commodity last quarter still has further to run. While gold futures have dipped from a 13-month high, hedge funds are the most bullish since January 2015. The precious
Goldman Says Sell Asian Currencies After Best Rally Since 2008
published Apr 3rd 2016, 7:10 pm, by Justina Lee (Bloomberg) — It’s time to sell Asian currencies after their best monthly rally in more than seven years, according to Goldman Sachs Group Inc. The currencies will resume declines as further easing in China and Japan is likely to push the
Dollar Falls Versus Yen as Jobs Data Keep Fed on Slow Rate Path
(Bloomberg) — The dollar weakened against the yen as a jobs report bolstered speculation that U.S. policy makers will proceed cautiously on plans to raise interest rates. The greenback initially rose against most of its major peers after Labor Department data showed U.S. employers added more workers than projected last month and
U.S. Stocks Gain After Jobs Data as Treasuries, Oil Decline
published Apr 1st 2016, 12:29 pm, by Stephen Kirkland and Jeremy Herron (Bloomberg) — U.S. stocks rose, reversing earlier losses, while Treasuries retreated as signs of life in the manufacturing sector and a strong jobs report bolstered confidence in the world’s largest economy. Crude erased gains for the year. The