Raising Retirement Age Disproportionately Hurts Poor, Study Says
©2016 Bloomberg News O0SNHU6KLVRD (Bloomberg) — The rich are increasingly outliving the poor, meaning policies aimed at delaying retirement could disproportionately hurt low socioeconomic status workers, new research shows. Using level of educational attainment as a proxy for socioeconomic status, Boston College’s Center for Retirement Research found a 2.5 percent and 1.2 percent improvement in
Apple Music Underperforms Potential: Leonid Bershidsky
©2016 Bloomberg View O0SZPN6KLVRF (Bloomberg View) — Apple’s streaming music service now has more than 10 million subscribers, according to a report in the Financial Times. That sounds like a lot, but what it really indicates is that Apple may have lost its way. QuickTakeApple Apple Music debuted at the
Oil Extends Losses From 12-Year Low as Stockpiles Seen Expanding
©2016 Bloomberg News O0TFPZ6TTDS1 (Bloomberg) — Oil extended declines from the lowest close in more than 12 years before U.S. government data forecast to show crude supplies expanded, exacerbating a global glut. Futures fell as much as 1 percent in New York after slipping 5.3 percent Monday. Stockpiles probably rose
Unwanted Piles of Corn, Soy Spur Most-Bearish Crop Outlook Ever
©2016 Bloomberg News O0NNAT6KLVRC (Bloomberg) — Piles of unwanted grain on farms near Doug Schmitz’s storage bins in southern Minnesota are a stark reminder of just how bearish the outlook is for U.S.crop prices. After record yields during the harvest a few months ago, growers in the area still have 80 percent
Poverty Forum Pulls Republican Rivals Into ‘Most Compassionate’ Contest
©2016 Bloomberg News O0P7HT6S9728 (Bloomberg) — U.S. House Speaker Paul Ryan and several Republican presidential hopefuls appeared at an anti-poverty forum in South Carolina on Saturday, hoping to counter the notion that only Democrats care about non-whites, single mothers, the unemployed, and the working poor. The Kemp Forum on Expanding Opportunity
Saudi Arabian Stocks Lead Mideast Drop as Oil Slide Saps Trading
©2016 Bloomberg News O0QR4H6JTSE8 (Bloomberg) — Saudi Arabian stocks led a decline across most Middle Eastern markets amid reduced trading, as investors weighed the impact of plummeting oil prices. The Tadawul All Share Index, the region’s biggest gauge, dropped 2.2 percent, extending its retreat this month to 12 percent. About
For Microsoft in China, Making Nice Is Hard to Do: Adam Minter
©2016 Bloomberg View O0M2W26S9765 (Bloomberg View) — Microsoft’s Satya Nadella must be wondering what more he has to do to impress China’s leadership. He and his predecessors have done quite a bit already. Back in September, for example, Nadella not only hosted Chinese President Xi Jinping and his chief Internet
Asian Stocks Rally Amid Revival of Risk as Chinese Assets Swing
©2016 Bloomberg News O0M3BI6JTSEA (Bloomberg) — Asian stocksled a rally in riskier assets, climbing with U.S. index futures, oil and high-yielding currencies as China refrained from further cuts to the yuan’s reference rate and scrapped a system of market circuit breakers, providing some reassurance to investors. Shares in Hong Kong
Matt Levine’s Money Stuff: China Stocks and Bank CEOs
©2016 Bloomberg View O0L5F36KLVRB (Bloomberg View) — So how’s China? Here’s One of the All-Time Great Stock-Price Charts: That’s the chart of Beijing Baofeng Technology Co., which went public in China last March and went up by the daily 10 percent limit for 28 straight trading days through May 5, a gain of just
*What the 2016 Presidential Candidates Must Do to Win
©2016 Bloomberg News O0H5446KLVRF (Bloomberg) — Less than four weeks before Iowans kick off the 2016 presidential contest with their Feb. 1 caucuses, the early road to the White House appears to be shaping up as a slippery and uncharted one for the Republican Party. Since the 1970s, no Republican candidate has won