Federal Reserve Rate Hike: Who Wins, Who Loses, Who Goes Meh
©2015 Bloomberg News NZGZIHSYF01S (Bloomberg) — Janet Yellen and the Federal Open Market Committee have finally taken the world’s biggest economy off life support. Now, U.S. government deficits will rise, insurance companies will get relief and savers — who’ve weathered years of earning next to nothing — will continue to
Dollar Gains for Sixth Day as Merciful Fed Recharges Bulls
©2015 Bloomberg News NZHA9Q6TTDS2 (Bloomberg) — With no harsh surprises out of the Federal Reserve, currency traders are back on 2015’s favorite trade: buy dollars. A gauge of the greenback climbed for a sixth day on Thursday, a day after a unanimous vote by the Federal Open Market Committee to
Federal Reserve Wants a World That Makes Sense Again: Noah Smith
©2015 Bloomberg View NZH1FX6JTSEF (Bloomberg View) — Well, the Federal Reserve has finally gone and done it. It raised short-term rates by 25 basis points, and Fed officials predicted four more similar hikes next year. That will bring rates to a range of 1.25 percent to 1.5 percent. The era
Ted Cruz’s Presidential Odds Are Snowballing: Jonathan Bernstein
©2015 Bloomberg View NZ76936S972C (Bloomberg View) — The Ted Cruz boomlet is thriving. Numerous pundits are weighing nomination fights that come down to Cruz and Marco Rubio, or to Cruz, Rubio and Donald Trump. And Cruz has moved up to second place, behind Rubio, in PreditIt’s prediction market. Cruz is
Solar, Wind Shares Jump as U.S. Nears Deal on Tax Credits
©2015 Bloomberg News NZF50L6S972C (Bloomberg) — Shares of U.S. clean-energy companies jumped Tuesday as Congress neared a deal that would revive or extend tax credits for the wind and solar industries. SunEdison Inc., the world’s biggest renewable-energy developer, rose 13 percent at the close in New York while rooftop solar
Top U.S. Lawmakers Agree on Spending, Tax Plan to Avoid Shutdown
©2015 Bloomberg News NZF7PQ6KLVRB (Bloomberg) — Congressional leaders reached a tentative deal on measures to fund the U.S. government and make some expired tax provisions permanent, a top House Republican said Tuesday in Washington. Rules Committee Chairman Pete Sessions said the agreement on the two bills will be presented to rank-and-file
Dollar Weakens as 2015 Gains Set Up Chance for Post-Fed Selloff
©2015 Bloomberg News NZDNL16TTDSD (Bloomberg) — A gauge of the dollar fell for the first time in four days on speculation the greenback’s gains this year leave it vulnerable to a short-term selloff as investors prepared for the Federal Reserve to raise interest rates. The U.S. currency weakened against 12 of
Oil Trades Near $36 as U.S. Moves Toward Lifting of Export Ban
©2015 Bloomberg News NZDQ2V6TTDS4 (Bloomberg) — Oil held gains after rebounding from the lowest price since February 2009 as the U.S. Congress advanced on a deal to allow unfettered crude exports for the first time in 40 years. Futures were little changed in New York after rising 1.9 percent Monday, the
Emerging Stocks Advance Before Fed as Dollar Drops; Gold Gains
©2015 Bloomberg News NZDQXI6TTDS6 (Bloomberg) — Emerging-market stocks climbed for the first time in 10 days and the dollar weakened as investors awaited what will probably be the first Federal Reserve interest-rate hike in almost a decade this week. Gold advanced. The MSCI Emerging Markets Index rebounded from a six-year
‘Airpocalypse’ Is an Opportunity for China and India: Editorial
©2015 Bloomberg View NZBH476JTSEJ (Bloomberg View) — Even as negotiators were completing a new global accord on climate change last week, a lung-burning haze choked two major world capitals, infuriating residents and reigniting debate about the costs of headlong development. As China and India rush to clean their cities’ hazardous air, they can
