Taste for Bacon Spurs Investor Feast as U.S. Hog Prices Advance
©2016 Bloomberg News O4CCWZ6KLVR4 (Bloomberg) — Hedge funds are loading up with pork. With Americans expected to eat the most pork since 2007, money managers are now the most-bullish since 2014 on hog futures, which already are at a nine-month high. Fast-food restaurant owners like McDonald’s Corp. are selling more
NFL’s Best Defense Is Kind of Offensive: Kavitha A. Davidson
©2016 Bloomberg View O473QE6JTSE9 (Bloomberg View) — For the first time ever, the National Football League has explicitly admitted there is a link between football-related brain trauma and the degenerative disease known as chronic traumatic encephalopathy, or CTE. It’s a stunning shift in strategy. The first question is: Why now? During a
Inside the Secret Life of a Tech VC and His $10 Million Infidelity
©2016 Bloomberg News O47DTY6S9728 (Bloomberg) — Michael Goguen liked his privacy. In the world of startups, full of bombast and self- promotion, the soft-spoken venture partner at Sequoia Capital specialized in quieter, more technical areas: He vetted networking, infrastructure, and security technologies for the firm before he departed abruptly last
Here’s Why Surging Gold Miner Stocks May Still Be Bargains
©2016 Bloomberg News O47MOMSYF01V (Bloomberg) — Gold-mining companies that are seeing their shares surge the most in decades are still cheap, based on historic measures of their reserves. An index of large producers, including Barrick Gold Corp. and Goldcorp Inc., has gained a whopping 87 percent in the past three
Matt Levine’s Money Stuff: Honest Dollar and Dividend Stoppers
©2016 Bloomberg View O430366JTSEB (Bloomberg View) — Honest Dollar Goldman Sachs is buying Honest Dollar, a retirement-savings robo-startup, and wouldn’t it be funny if they rebranded the whole company after the new acquisition? Like, “Goldman Sachs is now Honest Dollar.” “Honest Dollar is number three in the energy M&A league
Islamic State Spreads in North Africa in Attacks Ignored by West
©2016 Bloomberg News O455FL6S9728 (Bloomberg) — The Islamic State fighters appeared at dawn in the Tunisian town of Ben Guerdane, attacking police and army barracks. Last week’s clashes killed at least 58 people, including 46 militants and a 12-year-old girl. Tunisia is no stranger to jihadist violence — three large-scale
How Apple Helped Me Crack iPhones Like Clockwork
©2016 Bloomberg News O45J206KLVRS (Bloomberg) — For years, cops who wanted to break into iPhones knew the drill. “Get a warrant. Then you make an application under the All Writs Act,” said Michael Yaeger, a former assistant U.S. attorney in Brooklyn who oversaw efforts to obtain warrants for phones from
Trump Has to Wait to Take His Victory Lap: Jonathan Bernstein
©2016 Bloomberg View O44WED6KLVYK (Bloomberg View) — It’s about the delegates now. By that measure, Tuesday was a great night for Hillary Clinton, and a mixed one for Donald Trump. On the Democratic side, it’s pretty straightforward. Clinton wound up winning a squeaker in Illinois and leads narrowly in Missouri,
China’s Growth Rates Splintering as Challenges Mount, Li Says
©2016 Bloomberg News O4438W6KLVRC (Bloomberg) — China’s economic performance is diverging across provinces as challenges rise and “sluggish” global growth weighs on prospects, Premier Li Keqiang said. “There are both difficulties and hopes,” Li told reporters at his annual news conference in Beijing Wednesday. China is still at a stage
The Primary System Winnows U.S. Voters: Leonid Bershidsky
©2016 Bloomberg View O4445N6JTSE9 (Bloomberg View) — Marco Rubio speaking with a catch in his voice to a small Miami audience of die-hard supporters — and people in the audience openly weeping, hugging, hanging their heads — will be one of the most poignant images I will carry back with