For Polls, New Hampshire Brings Redemption After Failure in Iowa
©2016 Bloomberg News O2BAMG6TTDSB (Bloomberg) — Polling in the New Hampshire presidential primary accurately forecast victories by Republican Donald Trump and Democrat Bernie Sanders, a reversal from earlier this month when surveys failed to predict voters’ behavior in the Iowa caucuses. In the days before Tuesday’s primary, some polls also
Japan Stocks Drop for Second Day as Investors Seek Safety of Yen
©2016 Bloomberg News O2B9ZC6JIJVG (Bloomberg) — Japanese stocks plunged for a second day, putting the Topix index on course for its lowest close in 15 months, as the yen continued to strengthen amid an investor rush to the safety of haven assets. The Topix index sank 2.6 percent to 1,270.07
Oil Bankruptcies Seen Spurring M&A on Signal Prices Near Bottom
©2016 Bloomberg News O298J86TTDSK (Bloomberg) — About 150 oil and gas companies tracked by energy consultant IHS Inc. may go bust as a supply glut pressures prices and punishes revenues. The number of companies at risk is more than twice the 60 producers that have already filed for bankruptcy, Bob Fryklund,
*Trump Repeats Vulgar Audience Taunt Used to Describe Cruz
©2016 Bloomberg News O29C646JTSE9 (Bloomberg) — On the eve of the New Hampshire primary, Republican presidential candidate Donald Trump engaged with a protestor who called rival Senator Ted Cruz a vulgar term. Trump was speaking to a crowd of about 5,000 people inside the Verizon Center in Manchester when a
U.S. Sees Five Key Global Threats as It Delivers Defense Budget
©2016 Bloomberg News O29CJT6TTDSO (Bloomberg) — The Pentagon’s weapons buyer says the U.S. defense budget being delivered Tuesday has been designed to counter five threats: Russia, China, Iran, North Korea and extremist terrorist groups including Islamic State. “The strategic environment that we all live in is changing, and it’s changing
Matt Levine’s Money Stuff: Drug Pricing and Un-American Trading
05 Feb 2016 07:53 (Bloomberg View) — Shkreli, etc. The system for pricing prescription drugs in the U.S. is a bit of a disaster. Our reliance on medical insurance means that pricing is not based on consumer demand or ability to pay. Nor is it exactly based on negotiations with
Chris Christie Comes Out Swinging in New Hampshire Endgame
©2016 Bloomberg News O2785T6KLVR4 (Bloomberg) — A day after making headlines in the final Republican debate before the New Hampshire primary with blistering attacks on Marco Rubio, New Jersey Governor Chris Christie kept up the offensive as he strives for a strong finish in a state he made a critical
Oil Trades Near $31 as Venezuela Meets Saudi Arabia on Market
©2016 Bloomberg News O27FP86TTDS1 (Bloomberg) — Oil traded near $31 a barrel as Saudi Arabia said it held “successful” talks with Venezuela about cooperating to stabilize the market, without elaborating on the steps required to shore up prices. Futures were little changed in New York after falling 8.1 percent last
Hillary Clinton’s Attacks on Wall Street Ring Hollow: Editorial
©2016 Bloomberg View O21SJW6JTSEX (Bloomberg View) — It’s nice work if you can get it: In 2013, after stepping down as secretary of state, Hillary Clinton earned $9.7 million in speaking fees — a lot of it from banks and investment firms, including $675,000 for three speeches to Goldman Sachs.
Here’s the Toll That Student Debt Can Take on Retirement
©2016 Bloomberg News O1ZGD26KLVS6 (Bloomberg) — Student debt levels have have mushroomed, and Americans have saved little for retirement. The relationship between those two things is not obvious. So just how does having a big slug of student debt actually hurt the ability to prepare for a comfortable retirement? To