*Hillary Clinton and Donald Trump: A Study in Celebrity Contrasts
©2016 Bloomberg News O0K3CW6JTSEB (Bloomberg) — When Hillary Clinton’s presidential campaign swept into Sioux City, Iowa, on Tuesday, her entourage headed to the city’s famous Orpheum, a 2,690-seat theater that for decades has played host to A-list celebrities running the gamut from Fred Astaire to Jerry Seinfeld. But the Democratic front-runner
Wyly Fortunes Hinge on $3 Billion ‘Difference of Opinion’
©2016 Bloomberg News O0K45CSYF01S (Bloomberg) — Former billionaire entrepreneur Samuel Wyly’s “difference of opinion” with the Internal Revenue Service could turn an offshore fortune into an onshore fraud if the agency gets its way. Wyly, 81, and the estate of his late brother Charlesjoined forces for a trial Wednesday against
2015’s Best Commodity Could Turn Into This Year’s Nightmare
©2016 Bloomberg News Isis Almeida (Bloomberg) — Last year’s best-performing commodity is poised to become the market’s worst nightmare. After the longest rally in London cocoa futures since at least 1989, farmers from Ivory Coast to Peru are preparing to revive supplies in the 2016-17 season that starts in October,
Twitter Said to Consider Higher Character Limit for Tweets
©2016 Bloomberg News O0I4JM6VDKHU (Bloomberg) — Twitter Inc. may be preparing to raise its character limit for tweets to the thousands from the current 140, a person with knowledge of the matter said. The maximum number of characters in a post could be raised to as much as 10,000, said the person,
Euro Falls to 1-Month Low as Inflation Drop Widens Gap With U.S.
©2016 Bloomberg News O0I2UA6KLVRC (Bloomberg) — The euro slumped to its lowest in a month as an inflation report highlighted the persistent gap between economic growth in the currency bloc and in the U.S. The common currency fell a fourth day, extending its longest losing streak since November, as a
Gene-Editing Drugmaker Backed by Google, Gates Files for IPO
©2016 Bloomberg News O0GH0E6S9729 (Bloomberg) — Editas Medicine Inc., the drugmaker whose backers include Bill Gates and Google Ventures, filed to become the first publicly traded company to specialize in a new technology to edit flaws in genes. The company, which uses a gene-editing technique called Crispr, filed Monday for
Is There Such a Thing as Reliable Economic Growth Data?
©2016 Bloomberg News O0GDWI6JTSEB (Bloomberg) — Statistics surrounding economic growth are flawed at best, yet investors and officials rely on them. To show how uncertain the numbers can be, London-based research firm World Economics set out to rank 154 countries according to the reliability of their gross domestic product statistics. “Without
Will Anti-Cruz Movement Rally Behind Rubio?: Jonathan Bernstein
©2016 Bloomberg View O086W36JTSEA (Bloomberg View) — National Review’s Tim Alberta and Eliana Johnson report a potentially important development: The emergence of an Anybody-But-Cruz-(Except-Trump) movement from the soon-to-be ashes of the Iowa campaigns of Mike Huckabee and Rick Santorum. It would seem that some social conservatives, including a few currently supporting
Zuckerberg’s New Year’s Challenge: To Build an AI-Powered Helper
©2016 Bloomberg News O0EIHL6JTSEH (Bloomberg) — Mark Zuckerberg has decided on a new challenge for 2016: build an artificially intelligent assistant that can help around the home and at work. Facebook Inc.’s chief executive officer aims to build something like Jarvis in the “Iron Man” comics, he said in a
Saudi Arabia Cuts Ties With Iran After Tehran Embassy Attack
©2016 Bloomberg News O0EKFH6TTDS0 (Bloomberg) — In a significant escalation of tensions, Saudi Arabia cut ties with Iran and expelled the Islamic Republic’s diplomats, a day after its embassy in Tehran was attacked to protest the Saudis’ execution of a prominent Shiite cleric. Iran’s ambassador in the kingdom has 48