Wheat Jumps Most Since ’12 as Funds ‘Spooked’ by Dire Weather
©2015 Bloomberg News NOCWTK6KLVRB (Bloomberg) — Wheat futures posted the biggest gain in almost four years on speculation that hedge funds bailed out of record bearish bets amid concern that adverse weather will damage crops in the U.S., the world’s top exporter. Severe thunderstorms were forecast for the Great Plains
S&P 500 Rises to Record as Weaker Dollar Spurs Large-Cap Rally
©2015 Bloomberg News NOCYAK6KLVR7 (Bloomberg) — The Standard & Poor’s 500 Index closed at an all-time high, halting a three-session slide, as Microsoft Corp. and Apple Inc. led a rally in technology shares and the weaker dollar spurred gains in multi-national companies. Microsoft and Apple added at least 2.3 percent,
NFL Concussion Case Settlement to Be Challenged on Appeal
©2015 Bloomberg News NOBFYR6JIJV0 (Bloomberg) — The National Football League’s $765 million settlement of concussion lawsuits is headed for an appeal, a move that could delay players’ access to benefits. Philadelphia U.S. District Judge Anita Brody’s approval of the accord capped almost two years of negotiations between attorneys for the
American Public Warming to Redistribution: Christopher Flavelle
©2015 Bloomberg View NOCYQB6JTSE8 (Bloomberg View) — The erosion of the U.S. middle class is changing how Americans see themselves. It might also be changing the way they view government redistribution of wealth. The stagnation of earnings for most American households has been well established. From 1979 to 2007, real
Wal-Mart to Challenge Amazon Prime With $50 Shipping Service
©2015 Bloomberg News NOBABP6KLVR7 (Bloomberg) — Wal-Mart Stores Inc. will offer a $50-a-year unlimited free-shipping service for online customers starting this summer, seeking to challenge the $99 Prime service offered by retail rival Amazon.com Inc. The service will be available by invitation only in select markets, said Ravi Jariwala, a spokesman
Dollar Holds Retreat as Data Dims Rate Rise Outlook; Crude Slips
©2015 Bloomberg News NOBB9R6K513R (Bloomberg) — The dollar maintained losses, trading near an almost four-month low versus Australia’s currency after stagnant U.S. retail sales data fueled speculation policy makers will put off interest-rate increases. Oil dropped. The Aussie was steady at 81.12 U.S. cents by 9:41 a.m. in Sydney, after jumping
From Google-to-AOL-to-What? Is the Big Question for Tim Armstrong
©2015 Bloomberg News NO9OHQ6KLVRF (Bloomberg Business) — When Tim Armstrong took over AOL Inc., it was running on fumes from its passé dial-up business and pretty much written off as done. Then Google Inc.’s former top ad executive spent more than $1 billion on acquisitions to turn it into an
Democrats Plot Revolt Behind Closed Doors, Sink Trade Bill
©2015 Bloomberg News NO9NDN6JTSEF (Bloomberg) — Signs of trouble for President Barack Obama’s trade bill surfaced early Tuesday when 14 Democrats huddled behind closed doors in a room one floor below the Senate chamber. Republicans needed just six Senate Democrats to prevail and were counting on several in the room
Long Bonds Punish Investors as Goldman Sachs Sees Poor Outlook
©2015 Bloomberg News NO7QKB6JIJUR (Bloomberg) — Last year’s superstar of the Treasury market is punishing investors in 2015, and Goldman Sachs Group Inc. is calling it a “poor investment.” Thirty-year bonds have slumped 8 percent in the past two weeks, leaving investors with a loss of 4.8 percent since Dec. 31,
Dollar Jumps on Fed Rate Bets as U.S. Shakes Off Winter Chill
©2015 Bloomberg News NO7OMW6K50XW (Bloomberg) — The dollar stayed stronger against major peers as investors bet the Federal Reserve remains on track to raise interest rates this year while global peers retain unprecedented easing. The U.S. currency rose Monday as San Francisco Fed President John Williams reiterated policy makers could lift
