Gold Surges to Highest This Year as Turmoil Skewers Rate Outlook
©2016 Bloomberg News O1JL936KLVRA (Bloomberg) — Gold surged to the highest level in more than two months as demand for haven assets strengthened due to a global retreat in stocks and a renewed slump in oil, with investors scaling back bets about the pace and timing of U.S. interest rate increases.
How Government Can Pay Its Debt to Coal Country: Editorial
©2016 Bloomberg View O1IXH26JTSEB (Bloomberg View) — The decline of coal as a source of electric power is inevitable and well under way. This is a good thing, because whether measured by its effect on public health or its contribution to global warming, coal is more harmful than any other
Russia’s Economy Seen Shrinking a Second Year Amid Oil Slump
©2016 Bloomberg News O1JKG46KLVR5 (Bloomberg) — When Vladimir Putin first became Russia’s president back in 2000, oil traded at an average $28.40 a barrel. After spending much of the past five years above $100 a barrel, crude prices have come nearly full circle. In just the past few weeks, oil prices
Why Robots Mean Interest Rates Could Go Even Lower In The Future
©2016 Bloomberg News O1ERCZSYF01S (Bloomberg) — If robots rise, interest rates will fall. That was the assumption of delegates at the World Economic Forum’s annual meeting in Davos, Switzerland, as revolutions in automation and artificial intelligence reshape how economies work. The argument goes like this: As machines become more and
Apple’s Growth Seen Slowing as IPhone Demand Wanes
©2016 Bloomberg News O1H3K36JTSE8 (Bloomberg) — Apple Inc.’s shares have taken a beating, falling 11 percent since the last earnings report in October on concerns that iPhone sales may have suddenly dropped off. Results due Tuesday will give investors a closer look at whether that slump was justified—or a long-awaited signal that the stock is poised
This Chinese New Year, Something Strange Is Afoot: Adam Minter
©2016 Bloomberg View (Bloomberg View) — Every year, tens of millions of China’s 246 million migrants return home to celebrate the Chinese New Year. It’s the world’s biggest annual migration, and it typically goes off smoothly. This year, however, something’s amiss. Although the holiday doesn’t start until Feb. 8, millions
To Emerging Market Investors, State Backing Means Less and Less
©2016 Bloomberg News O1BDQP6KLVR8 (Bloomberg) — Government support doesn’t count for as much these days in the developing world. Investors are demanding the biggest premium in three years to own bonds of state-backed oil producers and utilities as governments become less able to live up to implicit guarantees. Barclays Plc
Illinois Governor Backs Some of Democratic Fix for Pension Funds
©2016 Bloomberg News O1BFY36JTSE8 (Bloomberg) — Illinois Governor Bruce Rauner endorsed parts of a Democrat-proposed plan to fix the nation’s worst- funded state pension system, a move that he says would save $1 billion a year and give workers greater choice. Flanked by Christine Radogno and Jim Durkin, the state’s
Jeb Bush Enlists Family to Help Steady Campaign
©2016 Bloomberg News O1BZ9O6S972G (Bloomberg) — Former First Lady Barbara Bush will star in a new ad on behalf of her son’s Republican presidential campaign, former Florida Governor Jeb Bush said on Thursday. Bush also said he was “sure” that he’d campaign with his brother, former President George W. Bush,
*Clinton Takes On an Intelligence Watchdog: Josh Rogin
©2016 Bloomberg View O19WHK6S9729 (Bloomberg View) — Hillary Clinton’s presidential campaign Wednesday accused the intelligence community’s top oversight official of conspiring with Republicans in the Senate to leak sensitive information about her personal e-mail server. That’s a risky move, considering that it has produced no hard evidence of a conspiracy