bloomberg business
Ben Carson, Gifted Surgeon and Political Neophyte, Announces Presidential Bid
©2015 Bloomberg News NNSRSE6S9728 (Bloomberg Politics) — Ben Carson, the retired neurosurgeon who has become a grassroots conservative favorite on the strength of his motivational life story and strong opposition to President Barack Obama, said Sunday that he is entering the crowded Republican field and running for president. to formally declare himself a
U.S. Equities Extend Rebound Amid Optimism on Corporate Earnings
©2015 Bloomberg News NNU3FF6JIJUY (Bloomberg) — U.S. stocks rose, after the biggest gain in more than a month for the Standard & Poor’s 500 Index, amid optimism over corporate earnings. Comcast Corp. advanced after increasing its stock buyback. Berkshire Hathaway Inc. climbed 2 percent as lower fuel prices helped boost profits
Oil Resumes Slide as U.S. Crude Supplies Seen Exacerbating Glut
©2015 Bloomberg News NNJOEC6K50XY (For more on oil, click EXT5 ) (Bloomberg) — Oil fell for the third time in four days before U.S. government data forecast to show crude stockpiles expanded further from a record. Futures dropped as much as 0.5 percent in New York. Crude inventories probably increased by
U.S. Steel Cuts 2015 Profit Forecast Amid Flood of Imports
©2015 Bloomberg News NNJIMJ6JIJUY (Updates with comment from analyst in eighth paragraph.) (Bloomberg) — U.S. Steel Corp. posted a surprise first- quarter loss and cut its full-year profit forecast after a flood of imports prompted the nation’s second-largest producer to idle capacity. Earnings before interest, tax, depreciation and amortization are
China Stocks Fall for Worst Two-Day Loss in Two Months on Profit
©2015 Bloomberg News NNJP2S6TTDS9 (Bloomberg) — China’s stocks fell for their steepest two- day loss since February on concern slowing economic growth is undermining earnings after companies from Anhui Conch Cement Co. to Yanzhou Coal Mining Co. reported declines in profit. Anhui Conch, the biggest cement producer, slid 2.3 percent
Gold Holds Near $1,200 as Dollar Retreats Before FOMC’s Meeting
©2015 Bloomberg News NNHSGR6TTDS0 (Bloomberg) — Gold held the biggest gain in almost three months to trade near $1,200 an ounce before Federal Reserve policy makers begin a two-day meeting on interest rates as data showed a mixed outlook for the U.S. economy. Bullion for immediate delivery traded at $1,199.75
George W. Bush Bashes Obama on Middle Eastern Policy: Josh Rogin
©2015 Bloomberg View NNFYF06JTSEH (Bloomberg View) — In a closed-door meeting with Jewish Donors Saturday night, former President George W. Bush delivered his harshest public criticisms to date against his successor on foreign policy, saying that President Barack Obama is being naïve about Iran and the pending nuclear deal and
Can’t Decide How to Bet on U.S. Treasuries? Try Flipping a Coin
©2015 Bloomberg News NNFZ9X6K50Y8 (Bloomberg) — Can’t decide where Treasuries are going? The market’s recent performance shows it could go either way. U.S. government securities have swung between gains and losses for five weeks, reflecting uneven growth and Federal Reserve officials who are sending conflicting signals on when they may
Dollar Remains Weaker as Jobs, Homes Data Make Fed Path Unclear
©2015 Bloomberg News NNAANF6K5114 (Bloomberg) — The dollar remained weaker against major currencies from Thursday as disappointing data raised doubts about the U.S. economic outlook and the willingness of the Federal Reserve to raise interest rates. The Bloomberg Dollar Spot Index, which tracks the currency against 10 major peers, fell
Amazon, Microsoft Get Profit From Cloud as Nasdaq Reaches Record
©2015 Bloomberg News NNAABH6K510D (Bloomberg) — Minutes after the Nasdaq Composite closed at a record, three of the biggest bellwethers in technology reminded the market precisely why investors are so bullish on companies that do business through the Web. Amazon.com Inc. for the first time broke out sales from its