bloomberg business
Twitter Shares Slump as Executives Say Growth Will Take Time
©2015 Bloomberg News NS83JR6KLVR6 (Bloomberg) — Twitter Inc. executives had a clear message for investors on Tuesday: We have a lot of work to do, and don’t expect great progress anytime soon. After reporting quarterly sales that topped estimates, interim Chief Executive Officer Jack Dorsey and Chief Financial Officer Anthony
Oil Extends Decline in Bear Market Amid Signs Glut Will Persist
©2015 Bloomberg News NS65YW6K50Y5 (Bloomberg) — Oil extended declines in a bear market amid signs producers from the Middle East to the U.S. will continue adding supplies amid a global glut. Futures slid as much as 1 percent in New York, dropping for a fifth day. Oil exports from southern
In Land of 43% Unemployment, Forgotten Gaza Crisis Rages On
©2015 Bloomberg News NRVZL66JTSEK (Bloomberg) — They roll by on flatbed trucks, 12-foot missiles bearing the names of Hamas commanders killed in an Israeli air strike: the Shamalah, the Attar. The scene is a parade through central Gaza City this month on the one-year anniversary of the most recent of
Gold Futures Set for Longest Losing Run Since ’08 as Assets Drop
©2015 Bloomberg News NRTE7J6TTDS0 (Bloomberg) — Gold futures extended declines into a ninth day for the longest slump since the collapse of Lehman Brothers Holdings Inc. as holdings in the largest exchange-traded product backed by bullion tumbled to the lowest in almost seven years. Futures for August delivery on the
London’s Financial Job Vacancies Jump 56% in June, Survey Shows
©2015 Bloomberg News NRN08J6S972E (Bloomberg) — Job vacancies in London’s financial services industry jumped 56 percent in June, reversing a drop in the previous month, led by compliance hiring, a survey showed. Vacancies in the capital’s financial district increased to 12,990 from 8,340 in May, recruitment firm Morgan McKinley said
Dollar on Top as Focus Shifts Back to Fed; Gold Extends Retreat
©2015 Bloomberg News NRREB86K50Y4 (Bloomberg) — The dollar maintained its ascendancy as a new week of trading got under way, with the focus returning to the divergence in central bank policy around the world. Asian stock futures were mixed, with Japan closed for a holiday. The greenback was steady at
Netflix Soars After Posting Subscriber, International Gains
©2015 Bloomberg News NRLK9N6KLVRP (Bloomberg) — Netflix Inc., the top stock in the Standard & Poor’s 500 this year, soared to a record high after reporting 65.6 million new subscribers to its Internet TV service in the second quarter. Netflix climbed 18 percent to $115.81 at the close in New
What to Look for in Jeb’s Fundraising Bounty: Jonathan Bernstein
©2015 Bloomberg View NR9W436S9728 (Bloomberg View) — News item: Jeb Bush’s super PAC has raised… Yes, it’s a lot of money, but, sorry, I can’t get into it. The amount of money Jeb! will raise for his presidential campaign is More Than Enough. The details of exactly how much (more
Back-to-School Spending May Dip on Tighter Budgeting, NRF Says
©2015 Bloomberg News NRHYK96JIJUW (Bloomberg) — The National Retail Federation predicted a drop in the average family’s back-to-school spending, bringing a downbeat forecast to an industry hoping for a resurgence in the second half. Families will spend about 5.8 percent less on back-to- school shopping this year than in 2014,
In Los Angeles, Voting Is Getting the Silicon Valley Treatment
©2015 Bloomberg News NRBTK36S9728 (Bloomberg Politics) — Last year, a bipartisan commission established by President Obama declared that the U.S. faces an “impending crisis in voting technology.” After the 2000 Florida recount showed the world that the American presidency could be determined by hanging chads, Congress set aside $3.3 billion,