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Calm Markets Are No Reason to Bid Up Stocks - Bloomberg Gadfly

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Nir Kaissar is a Bloomberg Gadfly columnist covering the markets. He is the founder of Unison Advisors, an asset management firm. He has worked as a lawyer ...

Moore’s Defeat in Alabama Deals Trump a Rebuke Ahead of ...

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The defeat of Republican Roy Moore in Alabama’s U.S. Senate race by Democrat Doug Jones was a stunning rebuke to the GOP’s anti-establishment wing led ...

GOP Eyes Cut for Top End, 21% Corporate Rate: Tax Debate Update

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President Donald Trump plans to make what his staff members called a “closing argument” for tax-overhaul legislation Wednesday as congressional Republicans consider last-minute revisions to key provisions. Here are the latest developments,…

Democrat Doug Jones Defeats GOP’s Roy Moore in Alabama ...

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Democrat Doug Jones delivered a stunning upset defeat to Republican Roy Moore in a U.S. Senate race in deep-red Alabama that had split the GOP even before ...

Top Stories in last day

15

This Electric Truck Will Probably Beat Tesla’s to Market ...

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On the evening of Nov. 16, Elon Musk unveiled the latest prop in his Tony Stark cosplay. Tesla Inc.’s all-electric semi rig met all the classic Musk ...

12

GOP to Grill Rosenstein on Anti-Trump 'Bias' in Mueller's Probe

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House Republicans plan to hit Deputy Attorney General Rod Rosenstein with a barrage of questions about what they say is an anti-Trump bias at the FBI and Justice Department, in an attack aimed at undermining Special Counsel Robert Mueller…

11

U.K. Loses Most Jobs Since 2015 as Labor Market Shows ...

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Britain shed jobs at the fastest pace in almost 2 1/2 years between August and October in a sign that the labor market is slowing. The number of people in ...

09

FBI Agent Removed From Russia Probe Called Trump an 'Idiot'

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Washington (AP) -- Two FBI officials who would later be assigned to the special counsel's investigation into Donald Trump's presidential campaign described him with insults like "idiot" and "loathsome human" in a series of text messages…

06

Things to Know About Alabama's New U.S. Senator, Doug ...

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Birmingham, Ala. (AP) -- Doug Jones, a Democrat who once prosecuted two Ku Klux Klansmen in a deadly church bombing and has now broken the Republican lock ...

Republicans Now Have a Reason to Panic - Bloomberg

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Democrats won a special Senate election in deeply conservative Alabama, narrowing the Republicans' slim majority in the chamber, and likely generating ...

02

Senate Russia Probe May Not Have More Open Hearings, Burr Says

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Senate Intelligence Chairman Richard Burr said he doesn’t currently see a need for more public hearings in his panel’s investigation of Russian interference in the U.S. election, but added that he still won’t be able to meet an original…

01

Soccer Bribery Trial Nears End With Bid to Toss Case, No ...

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The fate of three former South American soccer officials accused of taking millions of dollars in bribes will soon be in the hands of a jury after they ...

Traders See No End to the Dollar’s Pain in 2018

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For the almighty dollar, 2017 has been nothing short of abysmal. Next year might be even worse. Despite a recent bounce back, analysts and investors say the greenback could lose more ground against the euro and yen as the prospect of…

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Here's Where the GOP Tax Plan Stands Right Now

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House and Senate Republicans are working this week on compromise tax-overhaul legislation in an effort to send it to President Donald Trump as soon as next week. Here are the latest developments, updated throughout the day: GOP Is Said to…

Stocks Struggle Ahead of Fed Meeting; Bonds Fall: Markets Wrap

Stocks in Europe struggled to match Asian gains as investors awaited policy decisions by central banks on the continent and in America. Most European bonds followed Treasuries lower as the dollar retreated. The Stoxx Europe 600 Index…

23

Your Spirit Airlines Flight Is Now On Time—Almost

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The airline that passengers love to hate is figuring out how to arrive on time. Spirit Airlines Inc. rose to third place in the Department of Transportation’s monthly tally of U.S. airlines’ on-time performance in October, with 87.2…

20

Billionaires at New York Galas Can't Agree on Trump's Tax Plan

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Robert Rubin, who was once a U.S. Treasury secretary and co-head of Goldman Sachs, referred questions on the Republican tax overhaul to another guest at the UJA-Federation of New York's Wall Street Dinner. "Ask John," Rubin said Monday…

Scott Pruitt’s Soundproof Phone Booth to Be Probed by EPA ...

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The Environmental Protection Agency’s inspector general said it would probe whether the EPA ran afoul of federal spending laws in ordering up a $25,000 ...

Trump Says US Has 'Won' Against Islamic State in Syria, Iraq

U.S. President Donald Trump prepares to sign H.R. 2810, National Defense Authorization Act for Fiscal Year 2018, during a signing ceremony in the Roosevelt Room at the White House on Dec. 12. Photographer: SAUL LOEB/AFP Getty Images.…

17

Bitcoin Rally Boosts Smaller Cryptos Litecoin, Ether to Records

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Ether and litecoin, the second and fourth biggest cryptocurrencies, are surging to all-time highs on optimism that bitcoin futures will attract institutions to the fledgling market. The rallies come as speculators flock to Coinbase.com Inc…

Tuesday, Dec 12

What Hedge Funds Will Do After the Hedge Fund Model Dies

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The long and short on hedge funds is that long and short isn’t working so well anymore. That’s the rather simple strategy that built the $3.2 trillion industry — the once-durable buying long when you figure an equity will go up and selling…

Austrian Explosion Rattles Europe’s Gas Market

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Natural gas flows were set to recover in Europe after an explosion at an Austrian hub threatened supplies already pinched by a closed pipeline in the North Sea and a cold snap across the continent. Oil company OMV AG, which controls the…

Moore, Jones Show Urban-Rural Divide That Defines Alabama Race

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Democrat Doug Jones and Republican Roy Moore made their election eve pitches to Alabama voters in settings that evoked the cultural and political divide that's come to define the two parties in modern America. With ballots set to be cast…

Bitcoin's First 24 Hours on Wall Street Feed Euphoria and Doubts

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Bitcoin’s triumphant debut on Wall Street hasn’t ended the financial industry’s skepticism. The new breed of futures contracts that launched on Cboe Global Markets Inc.’s exchange late Sunday quickly became a 24-hour microcosm of bitcoin’s…

Monday, Dec 11

Harassment Politics Grip Washington and Spur Fear in Both Parties

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Chatter in Washington around the rising tally of lawmakers toppled by sexual harassment allegations has shifted from “who’s next?” to “how does this end?” While the U.S. capital has endured sex scandals since Alexander Hamilton’s affair…

Why Arbitrage Traders Are Salivating Over Bitcoin Futures

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The proverbial free lunch is just sitting there in the hours-old bitcoin futures market. So why isn’t it being gobbled up? Cboe Global Markets Inc.’s new contracts were priced as much as 13 percent higher than bitcoin itself since trading…

Treasury's One-Page Report: Trump's Plans Pay for Senate Tax Cut

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The tax cuts proposed in the Republican Senate tax bill would pay for themselves over 10 years in combination with President Donald Trump's other economic policies, according to a one-page analysis released by the U.S. Treasury Department…

Bitcoin Futures Deliver Wild Ride as Debut Brings Rally, Halts

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Bloomberg's Adam Haigh reports on the start of the bitcoin futures trading on the CBOE. Bitcoin has landed on Wall Street. Futures on the world's most popular cryptocurrency surged as much as 26 percent in their debut session on Cboe…

Sunday, Dec 10

Fired Tech Workers Turn to Chatbots for Counseling - Bloomberg

For months Lovkesh Joshi was quietly terrified of losing his job as a manager at a top Indian tech services company. Clients were cutting their budgets ...

U.K. Seeks `Canada Plus Plus Plus' EU Trade Deal, Davis Says

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Britain wants a trade deal with the European Union that includes the best parts of the bloc’s agreements with Japan, Canada and South Korea, along with financial services, Brexit Secretary David Davis said, showing optimism a pact can be…

Bitcoin Billionaire Winklevoss Sees Surge of as Much as 20 Fold

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Cameron Winklevoss, thought to be one of the largest holders of bitcoin, thinks the cryptocurrency’s blazing gains this year are just the start. He predicts it will rise as much as 20-fold as investors come to view it as an upgrade to gold…

Ex-London Brokers Bet on Marmite in Luxembourg's Brexit ...

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Two former London brokers in Luxembourg have hit on an old-fashioned way to hedge against Brexit. Briton Mark Hollis, 50, and his Irish business partner ...

Saturday, Dec 9

'Track Changes' Shows Manafort Can't Be Trusted, Mueller Argues

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Paul Manafort walks to his vehicle outside the U.S. Courthouse after a bond hearing in Washington, D.C., Nov. 6, 2017. Photographer: Andrew Harrer/Bloomberg. Paul Manafort, the onetime campaign chairman of President Donald Trump, suggested…

China Factory Inflation Eases as Consumer Prices Remain ...

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China’s factory inflation moderated as consumer price gains remained tepid, further reducing a potential source of pressure for policy makers to boost ...

Pharma Lobby Group Sues to Bar California's Drug Price Law

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The U.S. drug industry’s main lobbying group said it filed a lawsuit challenging the constitutionality of a California law meant to make drug prices more ...

Supreme Court Shields Trump Administration on ‘Dreamer ...

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The U.S. Supreme Court temporarily shielded the Trump administration from having to turn over documents connected to the president’s decision to end a ...

Friday, Dec 8

U.S. Job Market Not Looking Very Tight Based on Low-Skill ...

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This rising tide isn’t lifting many boats. Wage growth in the U.S. has failed to pick up this year despite a steady decline in the unemployment rate. The ...

Trump Backs Keeping State Income Tax Break With Cap, Cohn Says

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The White House supports tweaking final tax legislation to appease lawmakers who want to let constituents deduct state income taxes, according to National Economic Council Director Gary Cohn. His comments marked the first time the White…

Brexit Breakthrough Struck as Path Cleared for Tough Trade ...

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The U.K. and the European Union struck a deal to unlock divorce negotiations, opening the way for talks on what businesses are keenest to nail down -- the ...

Stocks Seen Climbing in Asia After U.S. Rally: Markets ...

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Oil gains past $56 a day after falling the most in two months Asian stocks were poised to rise following a broad-based rally in U.S. equities and as a ...