New York, Chicago Traders Forced to Quit the Pits Move Next Door
©2015 Bloomberg News NR38KP6KLVR8 (Bloomberg) — Commodity traders in Chicago and New York aren’t ready to call it quits even after CME Group Inc. shut most of the futures pits in both cities. Some brokers and traders will rent booths as office space to trade futures electronically as more active
Equity Futures Shrug Off Greece While Oil Rallies After Selloff
©2015 Bloomberg News NR3BA56K50ZH (Bloomberg) — Stock futures signaled a rebound from Monday’s Greece-inspired equity losses, with contracts on Chinese shares rising as the government strives to quell gyrations in its markets. New Zealand’s dollar retreated, while oil rallied after its steepest slump in five months. Futures on equity gauges
Kerry Tempers Iran-Deal Optimism as Foreign Ministers Return
©2015 Bloomberg News NR0YL26VDKHU (Bloomberg) — U.S. Secretary of State John Kerry tempered expectations that a nuclear deal with Iran is imminent as foreign ministers from world powers rejoined a record ninth straight day of negotiations. While progress continues to be made at the talks, “we are not yet where
Rick Perry on Don’t Ask, Don’t Tell: ‘The Horse Is Out of the Barn’
©2015 Bloomberg News NR0XI46JTSEA (Bloomberg Politics) — Republican presidential candidate Rick Perry said the U.S. is past the point of no return on Don’t Ask, Don’t Tell, a policy ended in 2011 that had prohibited gay people from serving openly in the military. Appearing on ABC’s This Week on Sunday, host George Stephanopoulos
Tsipras Turns Tables on Europe in Austerity Referendum Triumph
©2015 Bloomberg News NR17VG6K50XT (Bloomberg) — Greece voted against yielding to further austerity demanded by creditors, leaving Europe’s leaders to determine if the renegade nation can remain in the euro. With 85 percent of votes counted, 62 percent of voters backed Prime Minister Alexis Tsipras and his Coalition of the
Tesla’s Battery Push Is Good News for This Israeli Solar Company
©2015 Bloomberg News NQUKTO6JTSE8 (Bloomberg) — It’s good to do business with Elon Musk. That’s what SolarEdge Technologies Inc. is discovering, as demand from customers including Musk’s SolarCity Corp. helped the shares double since its March initial public offering. The company, based in Herziliya Pituach, Israel, is poised to get
Gulf Coast States Are Big Winners in BP’s $18.7 Billion Accord
©2015 Bloomberg News NQVW9HSYF01T (Bloomberg) — The bulk of the money from BP Plc’s record settlement will go to the five states along the Gulf of Mexico whose shores were blackened in the 2010 oil spill. From Florida to Texas, the deal will help rebuild communities and restore publicly owned
How the Presidential Field Responded to Obama’s Cuba Announcement
©2015 Bloomberg News NQUUGI6KLVR5 (Bloomberg Politics) — Two Republican presidential candidates with family ties to Cuba are vowing to block the appointment of a the first U.S. ambassador to the Communist island nation in more than 50 years. With their vows to place a parliamentary hold on any nominees for
Move Over Greece: For Treasuries Traders, Today Is About the Fed
©2015 Bloomberg News NQU7T66K50XU (Bloomberg) — For Treasuries investors, Thursday will be all about the Federal Reserve. It’s the day the Labor Department will probably say U.S. employers added more than 200,000 jobs for the 15th time in 16 months, backing the case for higher interest rates as early as
Did Obama Give 5 Million Workers a Raise?: Editorial
©2015 Bloomberg View NQU7PP6S972C (Bloomberg View) — President Barack Obama has plans to expand workers’ entitlement to overtime pay. The move may be good politics — putting Republicans in an awkward position and making nice with Democrats opposed to his free-trade agenda. But it isn’t going to do workers much