Clinton, Trump and Cruz Exchange Fire at AIPAC
©2016 Bloomberg News O4F08B6S972C (Bloomberg) — Donald Trump shot back at Hillary Clinton during a well-received speech at the American Israel Public Affairs Committee given hours after the former secretary of state blasted the billionaire Republican front-runner’s promise to remain “neutral” in the Palestinian-Israeli conflict. Trump — who along with
Five Countries Are Seen Breaching the EU Deficit Rule This Year
©2016 Bloomberg News O4D41S6JTSED (Bloomberg) — When it comes to fiscal discipline in the European Union, three is the magic number. That’s a deficit limit of 3 percent of GDP, and five EU states will make the budgetary bad books this year by breaching that level, according to economists surveyed by Bloomberg since
U.S. Congress Is Forgotten, But It Isn’t Gone: Albert R. Hunt
©2016 Bloomberg View O4CHHJ6JTSE8 (Bloomberg View) — Remember that first branch of American government? With all the attention to the presidential race and the partisan fight over President Barack Obama’s nomination of Merrick Garland to the Supreme Court, Congress seems an afterthought. QuickTakeU.S. Budget Battles The legislative branch isn’t a
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