In the Heart of the Texas Oil Patch, It’s Gas That’s Taking Off
©2015 Bloomberg News NWA8296KLVRV (Bloomberg) — The oiliest county in Texas has seen its new natural gas production capacity more than double as drillers home in on their most profitable acreage. The peak output rate from new gas wells in Karnes County has surged 134 percent since January, estimates from
Ben Carson: Republican Small Dollar King
©2015 Bloomberg News NWACMK6KLVRN (Bloomberg) — Presidential candidate Ben Carson is the king of Republican small dollars. The rookie politician’s third quarter fundraising report shows he’s raised $19.6 million in contributions of $200 or less this year. That appears to be a record for Republicans running for president. Carson, whose $21 million
Ignore the Skeptics. China’s Economy May Be Bigger Than Thought
©2015 Bloomberg News NWA7S36KLVRE (For more economic analysis, see Benchmark) (Bloomberg) — With China set to announce its third-quarter gross domestic product report on Monday, skepticism over its economic data is arising anew. Recall that Bill Gross has described China as “the mystery meat of emerging-market countries.” Premier Li Keqiang,
Gold Comes Back to Life as Prices Exceed 200-Day Moving Average
©2015 Bloomberg News NW8EEE6KLVRO (Bloomberg) — Gold is starting to shed its reputation as a dead asset, and bulls can thank signs that the U.S. economy is starting to sputter for the boost. The metal climbed above its 200-day moving average on Wednesday for the first time in about five
Social Media Sleuths Cracked MH17 Case: James Gibney
©2015 Bloomberg View NW8I8B6KLVRS (Corrects 10th and 11th paragraph with name of Middlebury Institute of International Studies at Monterey, which changed its name from Monterey Institute of International Studies earlier this year.) (Bloomberg View) — The report issued Tuesday by the Dutch Safety Board determined that Malaysia Airlines Flight 17 was
University Seeking $400 Million From Apple in Patent Dispute
©2015 Bloomberg News NW8EHQ6KLVS3 (Bloomberg) — The University of Wisconsin-Madison’s licensing arm is seeking $400 million from Apple Inc. for infringing the school’s patent on microprocessor technology. The Wisconsin Alumni Research Foundation is owed that much, its lawyer told the jury after it found Apple had infringed the patent, according
Krawcheck Laments $13 Trillion Retirement Gap as Women’s Crisis
©2015 Bloomberg News NW6GE06KLVRF (Bloomberg) — The burden of the retirement savings shortfall in the U.S. will weigh heavily on women, according to Sallie Krawcheck, a former executive at Bank of America Corp. and Citigroup Inc. “It is, in particular, a women’s crisis,” she said Tuesday at the American Council of
Dollar Rises for Second Day as China Concerns Spur Haven Demand
©2015 Bloomberg News NW6ODW6KLVS4 (Bloomberg) — The dollar strengthened for a second day as a decline in oil prices and concerns about an economic slowdown in China spurred demand for safer assets. The greenback gained against most of its 16 major peers on Tuesday after data showed Chinese imports declined
In Debate, Clinton Says It’s Time to ‘Save Capitalism From Itself’
©2015 Bloomberg News NW6RT86KLVRN (Bloomberg) — The first Democratic presidential debate on Tuesday erupted into an argument over the nature of capitalism, with Senator Bernie Sanders doubling down on his critique of its excesses and front-runner Hillary Clinton declaring that it was time to “save capitalism from itself.” Sanders said the 2016
Dollar Falters as U.S. Stocks Hold at Seven-Week High, Oil Sinks
©2015 Bloomberg News NW4Q0Q6JTSES (Bloomberg) — The dollar traded at a three-week low even after Federal Reserve officials continued to back the case for higher interest rates this year, spurring gains in emerging- market assets. U.S. stocks held at their highest level in seven weeks in light holiday trading. The greenback