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
Euro Holds Drop Amid Greece Concern; Asian Stock Futures Mixed
©2015 Bloomberg News NO7MEV6JIJUP (Bloomberg) — The euro held losses amid concern Greece won’t be able to strike a bailout deal, while New Zealand’s dollar traded near an almost two-month low. Asian stock-index futures were mixed after U.S. shares retreated with Treasuries. The 19-nation currency was at $1.1142 by 8:52
The Short-Seller Edge That Hedge Funds Get From Crucial Time Lag
©2015 Bloomberg News NO5K4M6TTDS1 (Bloomberg) — In today’s U.S. stock market, trading is fast approaching the speed of light. Yet for one crucial piece of information, many investors still have to wait as long as two weeks for updates. “Short interest,” Wall Street speak for how heavily a company’s stock is
Euro Falls Before Finance Ministers Meet as Greece Deadline Loom
©2015 Bloomberg News NO5V4T6JIJUO (Bloomberg) — The euro fell to a one-week low before European finance ministers resume talks on Greek aid on Monday. The common currency slipped 0.3 percent percent to $1.1162 as of 10:04 a.m. in Tokyo, the lowest since May 5. To contact the reporter on this
