bloomberg business
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
Israel Fears Obama Won’t Protect Its Nuclear ‘Secret’: Eli Lake
©2015 Bloomberg View NOOHID6S9729 (Bloomberg View) — The Israeli government is worried the Obama administration will allow a U.N. conference this week to adopt a resolution that could compel Israel to acknowledge its nuclear arsenal. At issue is a proposal at the Nuclear Nonproliferation Treaty Review Conference that would empower
Apple Said to Suspend Plans to Introduce Television Set
©2015 Bloomberg News NOKOVBSYF01U (Bloomberg) — Apple Inc. suspended plans to make a TV set more than a year ago, the Wall Street Journal reported, citing people familiar with the matter. Instead, the company is working on a new Apple TV set-top box and related online services, the newspaper reported.
Funds Seen Driving China Commodity Trade Boom Defying Slowdown
©2015 Bloomberg News NOKM5S6KLVR7 (Bloomberg) — Chinese hedge funds are helping drive a commodity derivatives trading boom in the world’s biggest energy, grains and metals consumer that’s defying the worst economic growth in 25 years. Trading volumes across on the Shanghai Futures Exchange, China’s biggest commodities bourse, surged 31 percent
Oil Halts Drop Near $60 as U.S. Supplies Seen Falling Third Week
©2015 Bloomberg News NOKORU6KLVR8 (Bloomberg) — Oil halted a four-day decline to trade near $60 a barrel before U.S. government data forecast to show crude stockpiles slid for a third week. Futures were little changed in New York after dropping 2.2 percent in the past four trading sessions. Inventories probably
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
