Bloomberg Business: Suburbs Are Out, Downtown Is In: U.S. Cities
Copyright 2015 Bloomberg. NKABXU6S972Y (Bloomberg Business) — Downtown is coming back. Just look at Charlotte, Oklahoma City and Milwaukee — classic examples of U.S. cities where the well-to-do chose to live in the suburbs. Now they are among the most vibrant U.S. city centers, thanks to a surge in job opportunities in
Bloomberg Business: Oil Holds Below $50 as U.S. Supplies Seen Worsening Global Glut
Copyright 2015 Bloomberg. NK9ABM6K50YI (Bloomberg) — Oil traded below $50 a barrel before U.S. government data forecast to show crude inventories expanded from a record high in the world’s biggest consumer. Futures were little changed in New York after falling 2.7 percent on Monday. Crude stockpiles probably rose by 3.75 million
Bloomberg Business: Hong Kong Stocks Fall for First Time in Six-Days as HSBC Slumps
Copyright 2015 Bloomberg. NK95NW6JTSFA (Bloomberg) — Hong Kong stocks fell, with the Hang Seng Index headed for the first loss in six sessions as its biggest stock, HSBC Holdings Plc., dropped the most since August 2013 after reporting earnings slumped. The Hang Seng slid 0.3 percent to 24,760.69 as of 9:31
Bloomberg Business: White House Is Not Fond of Hidden Retirement Fees: Matt Levine
Copyright 2015 Bloomberg. NK8ZVK6JTSEW (Bloomberg View) — The way that a lot of retirement investing advice goes is that you go to your broker and ask him what you should invest in, and he says, “Oh Fund XYZ is great, put all your money in Fund XYZ,” and the reason he
Bloomberg Business: Meet The Man Who Helped Sony Return to the Top of Computer Games
Copyright 2015 Bloomberg. NK6UNI6KLVR4 (Bloomberg) — “How many people came for video games?” asks a keynote presenter at Sony Corp.’s PlayStation bash in Las Vegas last December. The crowd roars. “And how many came to give Shu Yoshida a hug?” The roar gets even louder. The man in question is an
Bloomberg Business: Shell-Oil Union Talks Said to Resume This Week as Strike Expands
Copyright 2015 Bloomberg. NK73SS6JTSEV (Bloomberg) — Royal Dutch Shell Plc and the United Steelworkers, which represents 30,000 U.S. oil workers, are said to be planning to restart talks this week to resolve a labor dispute as more workers joined in the nation’s biggest refinery strike since 1980. The two sides will
Bloomberg Business: Gold Fever Fading as $4 Billion Erased From Funds: Commodities
Copyright 2015 Bloomberg. NK6ZYY6JTSEC (Bloomberg) — Judging by the barometer of hedge-fund interest, there’s less to get excited about in gold these days. Even as Greece battled with its creditors to avoid default and keep the euro zone intact, speculators retreated from the metal used as a haven from economic and
Bloomberg Business: Christie Touts New Jersey Accomplishments as Budget Crunch Looms
Copyright 2015 Bloomberg. NK1ST66K50YR (Bloomberg) — During a speech to New Jersey lawmakers and business leaders in Washington on Thursday night, Chris Christie recounted balancing five budgets without tax increases and persuading Democrats to support a pension overhaul. Yet retirement costs and taxes still present a quagmire as the governor
Bloomberg Business: A Look at Dire Obamacare Predictions That Haven’t Panned Out Yet
Copyright 2015 Bloomberg. NK1T296S972B (Bloomberg Politics) — Since its inception, critics of the Affordable Care Act—or Obamacare, as it is popularly known—have warned that the legislation will prove disastrous for the nation. From dire predictions of job losses in the millions, exploding premiums, a steep jump in the number of
Bloomberg Business: Jews in Europe Say No to Exodus After Copenhagen, Paris Attacks
Copyright 2015 Bloomberg. NK1MOC6KLVS2 (Bloomberg Business) — Like any Jew living in France, Emilie Dahan was deeply shaken by last month’s attacks on Charlie Hebdo magazine and a kosher supermarket. She wondered whether, after four generations in the country, rising anti- Semitism and the risk of more terrorism might drive
