Commodity Collapse Has More to Go as Funds Make Record Bear Bet
©2016 Bloomberg News O147796TTDS0 (Bloomberg) — The commodity meltdown that pushed oil to a 12-year low and copper to the cheapest since 2009 isn’t over yet. At least, that’s how hedge funds see it. Money managers increased their combined net-bearish position across 18 raw materials to the biggest ever, doubling
Rebound Flows Through to Asia as Stocks Rally on Oil Holding $31
©2016 Bloomberg News O0YXY86JIJUU (Bloomberg) — Risk was back in favor in Asia, with stocks rallying from a three-year low to extend the global equity rebound amid signs of stabilization in oil prices and Chinese markets. High-yielding currencies climbed, while sovereign debt retreated. Shares from Japan to South Korea tracked
Cruz’s ‘Natural-Born Citizen’ Status Tested in Birther Suit
©2016 Bloomberg News O0Z1M66K50Y1 (Bloomberg) — Republican presidential contender Ted Cruz should be disqualified from the race because he isn’t a “natural-born citizen,” a fellow Texan claims in a “birther” challenge filed against the senator in a U.S. court. The suit seeks a court definition of the term to clarify
Matt Levine’s Money Stuff: Big Banks, Big Bonds and Big Jackpots
©2016 Bloomberg View O0Y3V76KLVR7 JPMorgan JPMorgan tweeted its earnings this morning. They were good, at $1.32 per share, up quarter-on-quarter but down year-on-year, and “much of the improvement in profit came from continuing cuts to the bank’s expenses and work force.” Here are the press release, thepresentation and the financial supplement. Elsewhere in big
Jihadist Who Came Home Seeking Forgiveness Finds Few Listening
©2016 Bloomberg News O0X1C46KLVXR (Bloomberg) — It took just weeks of brutal fighting for Ahmed to realize that his journey from a working-class home in Tunisia’s capital to the battlefields of Syria had been a mistake. Radicalized at an unofficial Tunis mosque, Ahmed, then 24 years old, was helped into Syria by
General Electric Says Goodbye to the Quiet Suburbs: Justin Fox
©2016 Bloomberg View O0WW3L6KLVRG (Bloomberg View) — Four decades after abandoning Manhattan for the suburban greenery of Fairfield, Connecticut, General Electric is headed back to the city. A different city — Boston. But definitely a city. The new HQ will be in what is variously called the Seaport District or the Innovation
*Twitter Accused in Widow’s Suit of Allowing Use by Islamic State
©2016 Bloomberg News O0WVYRSYF01X (Bloomberg) — Twitter Inc. was accused in a lawsuit by the widow of a man killed at a police training center in Jordan of knowingly allowing the Islamic State to spread its terrorist message through its service. The lawsuit by Tamara Fields was filed Wednesday in
Kim Davis Says “Hi” to Barack Obama!
According to the ChristianPost, Kim Davis attended the State of the Union Address to, “encourage all Christians”. I like her hutzpah! I guess where is a will there is a superior way. Read the full story here: http://www.christianpost.com/news/kim-davis-state-of-the-union-encouragement-christians-sotu-154876/
*Obama to Say Divisive Politics Stand in Way of U.S. Progress
©2016 Bloomberg News O0V6WU6K510F (Bloomberg) — President Obama will say Americans must “fix our politics” to secure the nation’s future, according to excerpts of his final State of the Union address, a speech aimed at influencing the campaign to succeed him and cement his policies in the Democratic platform. “A
Commodity Returns Fall to Lowest Since at Least 1991 on Oil Rout
©2016 Bloomberg News O0VDVT6JIJV4 (Bloomberg) — A gauge of returns on raw materials tumbled to the lowest since at least 1991, extending the agony that producers of energy, industrial metals and agricultural commodities faced in 2015. The Bloomberg Commodity Index, a measure of returns from 22 raw materials, fell as