bloomberg business
Gundlach Says Market Hasn’t Seen Full Impact of Fed Moves
©2015 Bloomberg News NN2B5C6K50XS (Bloomberg) — DoubleLine Capital’s Jeffrey Gundlach, the bond manager who has beaten 99 percent of his peers over the past five years, said the full impact of the Federal Reserve’s “extreme policies” have yet to be felt in the market. The Fed has been “very well-intentioned,”
Labor Department Wants to Fix Your Retirement Plan: Matt Levine
©2015 Bloomberg View NMV5G66JTSEA (Bloomberg View) — Yesterday, the Department of Labor released its proposed rules “to protect consumers from conflicts of interest in retirement advice” by requiring brokers to act in their customers’ best interests when dealing with individual retirement accounts. The concern is that a lot of retirement advice is provided
Wall Street’s 2007 Heroes Ascendant as Goldman, Blackstone Surge
©2015 Bloomberg News NMXEOH6KLVR8 (Bloomberg) — Goldman Sachs Group Inc. and Blackstone Group LP were the toast of Wall Street in 2007 as they raised record-setting funds and earned returns of more than 30 percent. Eight years later, they captured some of that dominance again in the first quarter. Goldman Sachs
Jeb Bush: Obama Cares More About Legacy Than Strong Deals for the U.S.
©2015 Bloomberg News NMXHBB6S972I (Bloomberg Politics) — CONCORD, New Hampshire—Former Florida Governor Jeb Bush took aim at current President Barack Obama on Thursday, saying the two-term Democrat has put his own legacy ahead of securing strong international pacts on behalf of the country. “This president wants to get deals for his
BlackRock’s $100 Billion Manager Says Japan Stocks Beat All
©2015 Bloomberg News NMVIVC6JTSEC (Bloomberg) — More than one in eight dollars of Dan Chamby’s $100 billion is already in Japanese shares, and the BlackRock Inc. money manager says he’s looking to add more. The Asian nation’s equities make up 14 percent of holdings across the funds that Chamby helps
Netflix Soars as Streaming-Video Customers Top 62 Million
©2015 Bloomberg News NMVGMB6JIJUZ (Bloomberg) — Netflix Inc. said its video-streaming service topped 62 million subscribers worldwide, as original shows such as “House of Cards” drew new viewers globally. The shares soared to a record high. U.S. subscribers jumped by 2.28 million in the first quarter, while international accounts rose 2.6
SpaceX Rocket Misses Barge Landing After Successful Launch
©2015 Bloomberg News NMTI016KLVRE (Bloomberg) — Billionaire Elon Musk’s SpaceX launched an unmanned Falcon 9 on a resupply mission to the International Space Station but narrowly missed a second attempt to recover the rocket’s first stage. The rocket, carrying its Dragon cargo spacecraft and 4,300 pounds (1,950 kilograms) of supplies and
*Children of Jihad Groomed by Islamic State to Keep Legacy Alive
©2015 Bloomberg News NMT1XS6K50XS (Bloomberg) — They look like regular Islamic State militants in khaki fatigues and black bandanas, exercising and practicing combat routines. Yet their size and lack of trademark black beards betray them as children. The group, also known as ISIS or Da’esh, is already turning to the next
First F-35 Jets Lacks Ground-Combat Punch of 1970s-Era A-10s
©2015 Bloomberg News NMTHUZ6JIJV2 (Bloomberg) — The first F-35 jets ready for combat won’t be able to protect forces in ground combat as well as the nearly 40-year-old A-10s the Pentagon wants to retire, according to the Defense Department’s chief weapons tester. Compared with the lumbering A-10, known as the Warthog,
Russian Missile Sale to Iran Amid Talks Draws U.S. Objections
©2015 Bloomberg News NMRE3N6KLVRC (Bloomberg) — Russia’s decision to lift a ban on the delivery of an air-defense missile system to Iran amid nuclear negotiations drew objections from the U.S. and sharp criticism from Israel. Russian President Vladimir Putin repealed the self-imposed 2010 prohibition on exporting the S-300 missile system,