Dollar Diving on Obama Report Signals Currency-Strength Concern
©2015 Bloomberg News NPNPZS6TTDS3 (Bloomberg) — The dollar has lost gains made after better- than-expected jobs data amid concern the U.S. government will take steps to limit an advance underpinned by the prospect of the Federal Reserve raising interest rates. A gauge of the U.S. currency retreated to lower than
Hong Kong to Issue Red Travel Warning on South Korea Over MERS
©2015 Bloomberg News NPNOR36K50Y2 (Bloomberg) — Hong Kong will issue a red travel warning, its second-highest alert, on South Korea over the spread of Middle East respiratory syndrome. The warning, which advises travelers to adjust their plans and makes it easier for them to obtain trip refunds or make insurance
U.S. Shale Oil Boom Grinds to a Halt as OPEC Keeps Pumping
©2015 Bloomberg News NPNRWH6JIJV3 (Bloomberg) — The shale oil boom that turned the U.S. into the world’s largest fuel exporter and brought $3 gasoline back to America’s pumps is grinding to a halt. Crude output from the prolific tight-rock formations such as North Dakota’s Bakken and Texas’s Eagle Ford shale
Omega’s Cooperman Says There Is No Bubble in U.S. Stock Market
©2015 Bloomberg News NPL7CL6KLVR4 (Bloomberg) — The U.S. stock market isn’t overpriced and may gain as much as eight percent annually over the next three to five years even if there’s an economic setback, Omega Advisors Inc.’s billionaire founder Leon Cooperman said Sunday. “I think the market’s OK,” Cooperman, chairman
Even a Robot Would Be Wasted in These Useless Jobs: Noah Smith
©2015 Bloomberg View NPLH4I6JTSE8 (Bloomberg View) — Americans are worried about robots taking their jobs. Japanese people should be salivating at the prospect. Japan continues to power ahead in the field of robotics. Although Japanese companies have lost their dominance in fields such as consumer electronics and semiconductors, in robots
Greece Faces Diplomatic Push as G-7 Unites to Demand Resolution
©2015 Bloomberg News NPLBV2SYF01T (For more on the G-7 summit, see GMEET.) (Bloomberg) — Greece faces a week of urgent diplomacy to free up bailout aid and avert a potential default as world leaders press for a final resolution to the standoff. With talks between the Greek government and creditors
Whatever OPEC Decides, Oil Supplies Are Rising From All Sides
©2015 Bloomberg News NPFX186VDKHS (Bloomberg) — No matter what OPEC says Friday about its production target, the outcome is sure to be more oil. Iran, Iraq and Libya said this week they plan to add millions of barrels to the market this year. Saudi Arabia, the biggest member in the
Chinese Hackers Said to Breach Federal Personnel Data Files
©2015 Bloomberg News NPG4XF6K50XT (Bloomberg) — Hackers based in China breached U.S. Office of Personnel Management computers, according to American officials, stealing records of as many as 4 million current and former federal employees in one of the largest breaches of government personnel data. The hackers, believed to have links
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
