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Crude Prices Bounce On Inventory Draw Despite Biggest Production Spike In 19 Months

crude prices bounce on inventory draw despite biggest production spike in 19 monthsFollowing last night's surprise inventory build (as reported by API), as one trader noted, "inventory declines are expected this time of yr and more or less expected, we need to see inventory draws..
Zero Hedge 55 minutes ago

News article

Meet the shadowy Italian hoaxer who impersonated UK Defence Secretary Michael Fallon on Twitter

meet the shadowy italian hoaxer who impersonated uk defence secretary michael fallon on twitterReporters from BBC News, Sky News, The Daily Telegraph and The Sun were quick to welcome UK Defence Secretary Michael Fallon to Twitter on Thursday. However, what they didn't realise was that the..
Business Insider 1 hour ago

Videos for Bloomberg

News video: F-35 Fighter Jets Put to the Test Off North Carolina

F-35 Fighter Jets Put to the Test Off North Carolina 02:04

May 28 -- America’s most expensive weapons program is close to passing a major milestone. Operational testing this month could finally clear the first F-35 fighter jets for combat duty. Bloomberg's..
Source: Bloomberg - 19 minutes ago

News video: Pandora Founder Sees News, Sports Coming to Service

Pandora Founder Sees News, Sports Coming to Service 00:54

May 28 -- Pandora founder Tim Westergren talks about adding news, sports and other non-music content to Pandora with Bloomberg's Emily Chang in a sneak peek of their conversation on this week's edition..
Source: Bloomberg - 19 minutes ago

News video: More Nuclear Talks for U.S., Iran

More Nuclear Talks for U.S., Iran 02:04

May 28 -- Bloomberg's Betty Liu reports on today's top news stories. She speaks on “Bloomberg Markets.”
Source: Bloomberg - 19 minutes ago

News video: The Return of Lehman Brothers’ Dick Fuld

The Return of Lehman Brothers’ Dick Fuld 04:06

May 28 -- Bloomberg’s Bill Cohan discusses the return to the spotlight for former Lehman Brothers Chief Executive Officer Dick Fuld. He speaks on “Bloomberg Markets.”
Source: Bloomberg - 19 minutes ago

News video: The Tax Man Is Watching Your Home From Above

The Tax Man Is Watching Your Home From Above 01:02

May 28 -- A growing trend among municipalities is to hire private aerial photography companies to take high resolution photos of local houses. Through analytic software, a small number of property tax..
Source: Bloomberg - 19 minutes ago

 
News article

Oil Prices Drop To 7-Week Lows - Here's Why

oil prices drop to 7-week lows - here's whyWTI Crude hit new 7-week lows, dropping below $57 (front-month) for the first time since April 15th's 'inventory draw' rip. In addition to reports from Reuters of leaked details about *OPEC not..
Zero Hedge 2 hours ago

News article

The market for big, expensive luxury cars in China is over

the market for big, expensive luxury cars in china is overChina has been, in a word, awesome for luxury automakers. As the country has minted millionaires and billionaires, its newly wealthy have gone shopping for high-end German cars. And they haven't..
Business Insider 2 hours ago
News article

12 documentaries on Netflix that will make you smarter about business

12 documentaries on netflix that will make you smarter about businessHere's a quick and fun way to enrich your business knowledge: streaming documentaries on Netflix. The online movie and TV service has a vast cache of business and tech documentaries that anyone with..
Business Insider 2 hours ago
News article

Pending home sales jump to nine-year high (ITB, XHB, PKB, HOMX, FLM)

pending home sales jump to nine-year high (itb, xhb, pkb, homx, flm)The pending home sales index rose more than expected and climbed to the highest level in nine years in April. According to the National Association of Realtors, sales rose 3.4% month-over-month, and..
Business Insider 2 hours ago
News article

Consumer Comfort Plunges For Longest Streak In 7 Years

consumer comfort plunges for longest streak in 7 yearsWith business confidence collapsing, Bloomberg's Consumer Comfort index - after dropping to its lowest since December - plunged once again this week to 40.9 (from 42.4). This is the lowest since..
Zero Hedge 2 hours ago

News article

YouTube Is Worth $70 Billion On Its Own, Says BoA Analysts

"YouTube is a big asset that warrants a big valuation," says Bank of America Merrill Lynch analyst Justin Post in a paper shared with Bloomberg this...
Billboard.com 2 hours ago

News article

EPA looks to address ethanol blend wall issue in RFS

The Environmental Protection Agency is weighing contrasting rationales by different sectors in setting ethanol blending requi -More-  *Get your FREE copy of the 2015 Environment..
SmartBrief 3 hours ago

News article

DANIEL FUSS: The Fed will 'drag their feet absolutely as long as possible' (UST)

daniel fuss: the fed will 'drag their feet absolutely as long as possible' (ust)Daniel Fuss of Loomis Sayles doesn't think the Federal Reserve will raise rates this year. The market sees a high chance that the Fed will hike for the first time in seven years before 2015 runs..
Business Insider 3 hours ago
News article

Financial Insanity Grips The World

financial insanity grips the worldVia Dr.Sircus.com, *Rare is the person who is a realist. We collectively live in a world of pretend and extend. *Every one of us wants our present civilization to continue, though for countless..
Zero Hedge 3 hours ago

News article

Cisco loses key wireless-patent ruling before Supreme Court

The Supreme Court has rejected Cisco's "good faith" arguments in its ruling against the company for an "induced patent" infri -More-  *Are you tapping into new market potential?* Cuba is Airbnb's..
SmartBrief 3 hours ago

News article

Initial Jobless Claims Rise, Miss Expectations - Gone Nowhere Since The End Of QE3

initial jobless claims rise, miss expectations - gone nowhere since the end of qe3With the *biggest miss to expectations in 6 weeks*, initial jobless claims rose to 282k (against 270k exp). For context this means *jobless claims have gone nowhere since the end of QE3*.   It..
Zero Hedge 3 hours ago

News article

Oil storage is so expensive it could derail the oil recovery (USO, WTI, OIL, VDE, BNO)

oil storage is so expensive it could derail the oil recovery (uso, wti, oil, vde, bno)The oil recovery is under threat. Oil tankers have become super-expensive – a sign that drillers are flooding the market once more, according to a report Wednesday by Bloomberg's Naomi Christie..
Business Insider 4 hours ago
News article

Hillary Clinton is winning the Hollywood primary

hillary clinton is winning the hollywood primaryCelebrities are coming out in droves to choose a horse in the 2016 presidential race.  Former Secretary of State Hillary Clinton has, by far, the most endorsements so far, with a total of 30..
Business Insider 4 hours ago

News article

Balloons (and Grexit) cast shadow over G7 meeting

balloons (and grexit) cast shadow over g7 meetingThe G7 meeting is being overshadowed by fears of a Grexit.. as well as a number of balloons with some of the world's most influential leaders on them.    Protesters from the international group One..
City A.M. 4 hours ago

News article

China's most wanted fugitive is in US custody after being caught with a fake Dutch passport

china's most wanted fugitive is in us custody after being caught with a fake dutch passportChina's most wanted fugitive who's been MIA for over a decade is now in US custody after being caught with a fake Dutch passport, according to Bloomberg. Yang Xiuzhu, who fled China in 2003 after..
Business Insider 4 hours ago

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