Premium Gasoline Rally Threatens to Burn Luxury Car Drivers
©2015 Bloomberg News NPFZNL6K50XZ (Bloomberg) — Refinery outages and rising demand have spurred a rally in wholesale premium gasoline prices from New York to the Gulf Coast that’s threatening to sting luxury car drivers at the pumps. Spot 93-octane gasoline in the Gulf Coast jumped 2.38 cents a gallon on
April Trade Deficit in U.S. Narrows More Than Forecast
©2015 Bloomberg News NPF4BR6TTDS6 (Bloomberg) — The trade deficit in the U.S. narrowed more than forecast in April as imports receded, signaling merchandise flows were returning to normal following a port-related surge. The gap shrank by 19.2 percent to $40.9 billion from the prior month’s $50.6 billion that was the
Emerging-Market Stocks Drop for Ninth Day as Bond Slump Spreads
©2015 Bloomberg News NPF5EU6TTDS6 (Bloomberg) — Emerging-market stocks headed for the longest run of losses in almost three months as Greece’s talks with its creditors stalled, while Russia to Indonesia joined a global bond rout. The ruble led currencies lower. The MSCI Emerging Markets Index dropped 0.7 percent to 989.11
Republican Rick Perry Makes 2016 Presidential Campaign Official
©2015 Bloomberg News NPF4JV6JTSET (Bloomberg Politics) — Former Texas Governor Rick Perry on Thursday announced his second bid for the U.S. presidency, seeking to rehabilitate his image nationally after a series of stumbles and gaffes ended his campaign in 2012. “I am running for president because I know our country’s best days are
Ending the Greek Stalemate Won’t Make Things Right: Clive Crook
©2015 Bloomberg View NPCOHX6S972G (Bloomberg View) — With both sides said to be drawing up final proposals, and a definitive debt crunch thought to be imminent, the months of brinkmanship over Greece may at last be drawing to a close. But who knows, really? You might think making this shambles
What Former American Steel Town Pittsburgh Can Teach China
©2015 Bloomberg News NPCM016KLVR5 (Bloomberg Business) — When it comes to shuttering steel plants and transforming an economy, Pittsburgh can teach China how it’s done. That’s according to former Fed Chairman Ben Bernanke. China is undergoing a painful transition from an economy fueled by exports and heavy industry to one driven by consumer
America’s Unwanted Ivy-League Graduates Flock to Technology Boom in India
©2015 Bloomberg News NPCO6V6S972A (Bloomberg Business) — Kunal Bahl’s American dream was coming together in late 2007. He had Ivy League degrees in business and engineering, a debut job at Microsoft Corp. and a roadmap to the career he’d always wanted in Silicon Valley. Then his application for a U.S.
Scientists Start $150 Billion Program to Cut Clean-Energy Costs
©2015 Bloomberg News NPADB56K50Y3 (Bloomberg) — Scientists and economists including BP Plc’s former chief executive officer, John Browne, are inviting governments to join a $150 billion program that aims to make clean energy cheaper than coal. The 10-year plan, known as the Global Apollo Programme to Combat Climate Change, will
Texas Floods to Bring Cheaper Beef as Fields Finally Turn Green
©2015 Bloomberg News NPABOM6KLVRA (Bloomberg) — In the heart of U.S. cattle country, a four- year drought got so bad that Jim Sartwelle’s east Texas ranches looked more like dirt parking lots than pastures. At one point, to keep the animals fed, he bought two truckloads of grass cut from
Goldilocks Farm Weather Makes Hedge Funds Most Bearish on Record
©2015 Bloomberg News NP7TSVSYF01T (Bloomberg) — Hedge funds accumulated the most bearish bet ever on crops from corn to soybeans after a mix of sunshine and rain created almost perfect growing conditions for U.S. farms. Across the Midwest, the weather’s been dry enough to get fieldwork done, with enough showers