
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

U.S. Stocks Sink With Markets Around the World as Rout Deepens
©2016 Bloomberg News O19U9E6KLVRI (Bloomberg) — U.S. stocks fell, with the Standard & Poor’s 500 Index reaching a 21-month low, following a renewed selloff across stocks worldwide as skepticism about the strength of the global economy intensified. A late-day rally paced by health-care and small-cap shares helped trim declines, with

Matt Levine’s Money Stuff: Bank Gloom and Trade Advice
©2016 Bloomberg View O19FWE6JTSEP (Bloomberg View) — Banks Goldman Sachs announced earnings today, just barely squeezing some of its $5.1 billion mortgage settlement into the fourth quarter; earnings were down year-over-year because of that charge. Here is the press release. There is a lot of gloom at the banks. “Once Wall

Polling Memo to U.S.: Counting Conservatives Isn’t Easy
©2016 Bloomberg News O17PPG6K50Y0 (Bloomberg) — As Iowa voters prepare to kick off voting in the U.S. presidential nominating contests Feb. 1, an inquiry into the failure of Britain’s pollsters to predict last year’s election result is raising questions about the accuracy of surveys in the race to succeed Barack