Matt Levine’s Money Stuff: Rogue Trading and Gun Disclosure
©2016 Bloomberg View O4HT256KLVR7 (Bloomberg View) — What’s up at Credit Suisse? Good lord, this story of a former Credit Suisse wealth manager jailed for allegedly doing all sorts of rogue-trading nonsense suffers only a tiny bit from the fact that he “can’t be identified in public” under Swiss law. Let’s
Amazon Executive Undercuts Staples Claim of Competitive Threat
©2016 Bloomberg News O4GRLH6JTSEK (Bloomberg) — Amazon.com Inc. is struggling to win primary office-supply contracts with companies, one of the retailer’s executives said, undercutting a key argument Staples Inc. is making to defeat U.S. opposition to its planned takeover of rival Office Depot Inc. Prentis Wilson, a vice president with
Most U.S. Stocks Slip After Brussels Attack as Gold, Dollar Rise
©2016 Bloomberg News O4GLNN6JIJUZ (Bloomberg) — Most U.S. stocks retreated as investors dived into haven assets including gold and the dollar after deadly terrorist attacks in Brussels killed at least 31 people. The Nasdaq Composite Index edged higher as drugmakers climbed. While transport-related shares led the Standard & Poor’s 500
*Ford Says It Could Make Money If U.S. Auto Sales Fell 30%
©2016 Bloomberg News O4GOZ46KLVR9 (Bloomberg) — Ford Motor Co., responding to investor fears that the U.S. auto market is peaking, told analysts it could still earn a profit even if the industry’s sales plunged 30 percent in one year. Investors traded down Ford shares 3.6 percent this year through Tuesday
Europe Stocks Erase Most Losses in Aftermath of Brussels Attacks
©2016 Bloomberg News O4GA5B6JTSEV (Bloomberg) — European shares recovered most of their intraday losses at the close, while airlines and hotel stocks slid after multiple explosions in Brussels. Air France-KLM Group, Ryanair Holdings Plc and hotel operator Accor SA slipped 3.3 percent or more, dragging travel and leisure shares to
BlackRock Says There Won’t Be a Recession, Bearish on Treasuries
©2016 Bloomberg News O4F1FH6TTDV2 (Bloomberg) — BlackRock Inc., the world’s largest money manager, says investors should pare their Treasury holdings because the U.S. will avoid a recession. “Economic indicators this week may show the U.S. economy experienced a mild slowdown but is not headed for a recession,” Richard Turnill, the global
Dissident Group to Give Obama Cuban Political Prisoner List
©2016 Bloomberg News O4EW256KLVRK (Bloomberg) — A dissident group said it would provide names of political prisoners held in Cuba after the island nation’s president said he’d release them if he’s provided a list. Jose Daniel Ferrer, leader of the Patriotic Union of Cuba, said he’d provide names of at
Clinton, Trump and Cruz Exchange Fire at AIPAC
©2016 Bloomberg News O4F08B6S972C (Bloomberg) — Donald Trump shot back at Hillary Clinton during a well-received speech at the American Israel Public Affairs Committee given hours after the former secretary of state blasted the billionaire Republican front-runner’s promise to remain “neutral” in the Palestinian-Israeli conflict. Trump — who along with
Five Countries Are Seen Breaching the EU Deficit Rule This Year
©2016 Bloomberg News O4D41S6JTSED (Bloomberg) — When it comes to fiscal discipline in the European Union, three is the magic number. That’s a deficit limit of 3 percent of GDP, and five EU states will make the budgetary bad books this year by breaching that level, according to economists surveyed by Bloomberg since
U.S. Congress Is Forgotten, But It Isn’t Gone: Albert R. Hunt
©2016 Bloomberg View O4CHHJ6JTSE8 (Bloomberg View) — Remember that first branch of American government? With all the attention to the presidential race and the partisan fight over President Barack Obama’s nomination of Merrick Garland to the Supreme Court, Congress seems an afterthought. QuickTakeU.S. Budget Battles The legislative branch isn’t a