Presidential Candidates Continue to Take Shots at the Supreme Court
©2015 Bloomberg News NOXJJP6KLVR6 (Bloomberg Politics) — Of late, the U.S. Supreme Court has become a regular target for the current crop of presidential candidates, but for two decidedly different issues. For Republicans still burned by the court’s 2012 ruling that let stand insurance mandates and penalties under the Affordable Care
Bank Guilty Pleas Mess With Texas Pension Fund’s No-Felon Pledge
©2015 Bloomberg News NORU0OSYF01T (Bloomberg) — This just in: Texas pensions will, in fact, mess with felons. Last May the $26.2 billion Employee Retirement System of Texas responded to Credit Suisse Group AG’s guilty plea for tax fraud by saying that it had “a policy against hiring firms convicted of
Dollar’s Best Week Since 2011 Fuels U.S. Rebound Expectations
©2015 Bloomberg News NOVWV76JIJUO (Bloomberg) — The dollar has regained its footing after a five-week wobble. The U.S. currency strengthened further Monday after completing its biggest weekly gain since September 2011 as data signaled the economy is starting to recover from a tepid first quarter. Core consumer prices rose at
Independence Group Agrees A$1.8 Billion Deal to Buy Sirius
©2015 Bloomberg News NOVXI16K50XX (Bloomberg) — Independence Group NL. agreed to buy Sirius Resources NL for about $1.8 billion ($1.4 billion) in a cash and stock deal that gives it control of a nickel project with the lowest production costs in Australia. Sirius shareholders will receive the equivalent of A$4.38
A Well Thought Out Scream By James Riordan: Strange Sounds Heard Round the World
For over a decade now, people all over the world have been hearing and, in many cases, actually recording bizarre, unexplainable sounds. Now, we are not talking about a Foghat reunion tour. The sounds are very loud and while they do vary somewhat from occurrence to occurrence they have many
Gold Trims Biggest Weekly Drop Since April Before Inflation Data
©2015 Bloomberg News NOQBGE6TTDSC (Bloomberg) — Gold advanced to reduce a weekly loss as mixed U.S. economic reports clouded the outlook for when the Federal Reserve will boost interest rates. Bullion for immediate delivery rose 0.2 percent to $1,207.09 an ounce at 10:11 a.m. in Singapore after falling 0.4 percent
Longtime Twitter Cheerleader Chris Sacca Is Dropping the Pom-Poms
©2015 Bloomberg News NOQASM6S972B (Bloomberg Business) — Chris Sacca, an early investor in Twitter, has been perhaps the biggest advocate of the company. Now, he’s ready to speak his mind. Sacca, an investor with Lowercase Capital who says he still owns “a lot” of Twitter stock, explained in a blog post on Thursday that he
Clinton Foundation Discloses More than $12 Million in Speech Fees
©2015 Bloomberg News NOQ5O16JTSEE (Bloomberg Politics) — The Clinton Foundation on Thursday disclosed nearly 100 instances in which it was paid directly for speeches delivered by Bill, Hillary and Chelsea Clinton in the past dozen years. In all, the fees from those engagements total between $12 million and $26 million
U.S. Real Yield Is Highest Since 2009 If CPI Forecasts Are Right
©2015 Bloomberg News NOOG9O6KLVR7 (Bloomberg) — The falling U.S. inflation rate is making the world’s biggest bond market more appealing. Consumer prices probably slid 0.2 percent in April from the year before, based on a Bloomberg survey of economists before the Labor Department reports the figures Friday. If right, it
Rent Costs Beat Home Values in U.S. for First Time Since 2012
©2015 Bloomberg News NOOLS36S9728 (Bloomberg Business) — Add one more marker in the timeline of soaring rental costs: They just increased faster than home values for the first time since 2012. Rents grew 4 percent in the year ended in April, beating the 3 percent rise in home values over the same
