Americans Heading Back to Work Drive at Record Pace Through May
©2015 Bloomberg News NRUYHN6K50Y7 (Bloomberg) — U.S. drivers put a record number of miles on their cars in May, helped by a growing economy and cheap gasoline. American motorists traveled 275.1 billion miles in May and have totaled 1.26 trillion so far this year, a record for the first five
Gold Futures Set for Longest Losing Run Since ’08 as Assets Drop
©2015 Bloomberg News NRTE7J6TTDS0 (Bloomberg) — Gold futures extended declines into a ninth day for the longest slump since the collapse of Lehman Brothers Holdings Inc. as holdings in the largest exchange-traded product backed by bullion tumbled to the lowest in almost seven years. Futures for August delivery on the
Oil Held Losses After Dropping Below $50 Amid Persistent Glut
©2015 Bloomberg News NRT6ID6K50XZ (For Bloomberg fair value curves, see CFVL ) (Bloomberg) — Oil held losses after dropping below $50 a barrel for the first time since April on signs a global glut that drove prices lower will persist and amid a broader rout in commodities. Futures were little
Two Women to Decide Future of Taiwan’s Relations With China
©2015 Bloomberg News NRTEEA6K50XT (Bloomberg) — The most harmonious period in China-Taiwan ties will be tested in the coming presidential election as a candidate from a pro-independence party leads the polls. While opposition leader Tsai Ing-wen has vowed to maintain cordial relations with Taiwan’s increasingly powerful former foe, her party
London’s Financial Job Vacancies Jump 56% in June, Survey Shows
©2015 Bloomberg News NRN08J6S972E (Bloomberg) — Job vacancies in London’s financial services industry jumped 56 percent in June, reversing a drop in the previous month, led by compliance hiring, a survey showed. Vacancies in the capital’s financial district increased to 12,990 from 8,340 in May, recruitment firm Morgan McKinley said
Dollar on Top as Focus Shifts Back to Fed; Gold Extends Retreat
©2015 Bloomberg News NRREB86K50Y4 (Bloomberg) — The dollar maintained its ascendancy as a new week of trading got under way, with the focus returning to the divergence in central bank policy around the world. Asian stock futures were mixed, with Japan closed for a holiday. The greenback was steady at
*Cameron Seeks to Intensify U.K.’s Efforts Against Islamic State
©2015 Bloomberg News NRR59T6S9728 (Bloomberg) — Prime Minister David Cameron is seeking a bigger role for the U.K. in the fight to eradicate Islamic State in Syria and Iraq, urging an intensified campaign against an ideology that uses recruits as “cannon fodder.” Cameron will use a speech on Monday to
Netflix Soars After Posting Subscriber, International Gains
©2015 Bloomberg News NRLK9N6KLVRP (Bloomberg) — Netflix Inc., the top stock in the Standard & Poor’s 500 this year, soared to a record high after reporting 65.6 million new subscribers to its Internet TV service in the second quarter. Netflix climbed 18 percent to $115.81 at the close in New
How a Harvard Economist Screwed Up—and Then Saved—Her Retirement
©2015 Bloomberg News NRL6GO6JTSEA (Bloomberg Business) — Just because you have a Ph.D. in economics doesn’t mean you know how to invest for retirement. Alicia Munnell, the director of Boston College’s Center for Retirement Research, was a member of the president’s Council of Economic Advisers for two years before joining Boston College
*Iran Deal Has Israelis Feeling Surrounded, Alone: Daniel Gordis
©2015 Bloomberg View NRL9FE6JTSEB (Bloomberg View) — Last summer, to get away from the war in Gaza with its air-raid sirens and cascade of terrible news, my wife and I decided to head north, and to rent a small cabin in the middle of nowhere for a few days. The