Asian Futures Signal More Stock Gains to Come With Oil Near $50
©2015 Bloomberg News NVXE1Y6KLVRE (Bloomberg) — It’s the rally that just keeps on giving. Asian index futures foreshadowed another day of gains for the region’s stocks, with global equities on track for their best week since 2012 amid a bounce back in oil. No such luck for the dollar, which
Apple Pay to Expand to Starbucks Stores, KFC and Chili’s
©2015 Bloomberg News NVXDAX6JTSE9 (Bloomberg) — Soon, Starbucks lattes and KFC fried chicken will just be a tap away with Apple Pay. Apple Inc. is rolling out its mobile-payments service for select Starbucks Corp. stores by the end of the year, and will reach 7,500 company-owned stores in 2016, the
Netanyahu Using Tougher Tactics to Crush New Palestinian Assault
©2015 Bloomberg News NVWYTOSYF01X (Bloomberg) — Mowiah Abu Jamal watched an Israeli army wrecking crew tear down his family’s east Jerusalem home this week, almost a year after his brother and cousin entered a synagogue across town and wielded axes and guns to kill a group of rabbis at prayer.
Retiree Health-Care Costs Rise to a Cool Quarter Million
©2015 Bloomberg News NVUH4H6S972Q (Bloomberg) — The average 65-year-old couple retiring this year will face health-care costs of $245,000 in the years ahead, up 11 percent from a 2014 estimate of $220,000, according to a new report. That’s alarming if you’re 65, and maybe more alarming if you’re 25 — imagine what
A ‘Lehman Moment’ Is Rarer Than It Seems: Mark Gilbert
©2015 Bloomberg View NVJJFB6KLVS8 (Bloomberg View) — Ever sincethe demise of Lehman Brothersin 2008, the failed bank’s name is evoked whenever a company, industry or market gets into difficulties. Google the words “Volkswagen Lehman Moment” and you’ll generate 357,000 results in 0.55 seconds. Do the same for “Glencore Lehman Moment,” and
Hillary Clinton to Propose High-Frequency Trading Tax, Volcker Rule Changes
©2015 Bloomberg News NVVPDZ6S972H (Bloomberg) — Hillary Clinton will propose a tax aimed at penalizing “harmful” high-frequency trading strategies and offer ways to strengthen the Volcker Rule, among other measures, as she unveils another set of proposals Thursday aimed at what she has termed risky Wall Street behavior. The Democratic presidential
Rich Chinese Facing Backlash in North America’s Costliest City
©2015 Bloomberg News NVTNACSYF01U (Bloomberg) — James Hankle, a 50-something software engineer sporting blue jeans and a Green Party T-shirt, is trying to explain his fix for Vancouver’s runaway property prices when he’s interrupted by a eavesdropping passerby: “Stop allowing people from China to buy our houses and leave them
Cures-for-Dollars Model Comes Undone as Biotech Market Sinks
©2015 Bloomberg News NVTN8V6K50Y6 (Bloomberg) — For the last five years, biotechnology and pharmaceutical stocks have surged on an assumption about the companies that invent and sell drugs for American patients: Invent amazing treatments that save lives and cure the sick, and you can charge pretty much what you want.
The Problem With Using Chicago to Make the Case Against Gun Control
©2015 Bloomberg News NVTLDV6JTSEF (Bloomberg) — In the wake of Thursday’s mass shooting in Oregon, a familiar political pattern has emerged, with Democrats advocating for tougher gun laws and Republicans arguing that such legislation won’t make a difference in curbing firearm deaths. To make the latter point, two of the current GOP presidential candidates, New
Bonds No Match for Equities as Europe Decline Drives Up Yields
©2015 Bloomberg News NVRCAO6K511D (Bloomberg) — The selloff in European equities has again pushed them into the sights of investors seeking for better returns than those offered by bonds. Looking at earnings yield, companies in the Euro Stoxx 50 Index are more attractive than at any time since 2011 relative to
