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
There’s a Way Out of Republicans’ Dead End: Francis Wilkinson
©2016 Bloomberg View O4VCTM6KLVSL (Bloomberg View) — Big Business is having big doubts about its traditional political allies. Senator Ted Cruz, who not long ago was considered the most offensive presidential candidate imaginable, is now the best-case scenario. Meanwhile, Donald Trump continues his march toward collecting the most delegates for
Tainted Drug May Still Be in U.S. Almost Decade After Deaths
©2016 Bloomberg News O4VHJ1SYF022 (Bloomberg) — Heparin tainted with unauthorized Chinese- made ingredients may be on the market in the U.S. and the Food and Drug Administration hasn’t moved swiftly enough to prevent it, according to a congressional probe nearly a decade after hundreds of deaths were linked to sullied
Oklahoma, Alabama Accuse New York of Stifling Climate Debate
©2016 Bloomberg News O4VO3M6VDKHU (Bloomberg) — Oklahoma and Alabama accused a 17-member coalition of U.S. states and territories investigating whether Exxon Mobil Corp. and other energy companies misled investors and the public about how climate change might affect their businesses of trying to silence critics. “Reasonable minds can disagree about
A $15 Wage Works in Parts of California, Not All: Megan McArdle
©2016 Bloomberg View O4TH686KLVR5 (Bloomberg View) — California has reached a deal to raise its statewide minimum wage to $15 an hour. This would certainly be a breathtakingly broad political experiment. The question is whether it will turn into a breathtaking disaster. The left wants to believe that it is
Trump Policies Perplex U.S. Allies in Asia Amid China’s Rise
©2016 Bloomberg News O4TQ766K50XZ (Bloomberg) — Donald Trump’s apparent willingness to upend decades of U.S. security dominance in Asia is baffling major allies given China’s increasing clout and North Korea’s nuclear threats. The billionaire front-runner for the Republican presidential nomination has told the New York Times he’d be prepared to
Matt Levine’s Money Stuff: Yahoo, Anbang, Bear and Unicorns
©2016 Bloomberg View O4SX0S6JTSET (Bloomberg View) — Yahoo The thing about Yahoo’s plan to sell itself is that it is not a plan, and it is not to sell itself. It’s not, like, “here is what’s for sale, please submit your bids in two weeks.” It’s … like … there’s some
Barclays Warns Commodities May Slump on a ‘Rush for the Exits’
©2016 Bloomberg News O4RXSB6KLVRJ (Bloomberg) — Commodities including oil and copper are at risk of steep declines as recent advances aren’t fully grounded in improved fundamentals, according to Barclays Plc, which warned that prices may tumble as investors rush for the exits. Copper may slump to the low $4,000s a