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Rep. Chris Collins Loses $16.7 Million on Tanking Biotech Stock

New York GOP Rep. Chris Collins took a $16.7 million bath Tuesday when biotechnology stock in which he was heavily invested plummeted, Bloomberg News reports.
Newsmax

FedEx floats plan for government tax reform

While health care commands the nation’s attention, a prominent Memphis company is tackling tax reform. Bloomberg reported in a June 27 article that Fred Smith, FedEx Corp.’s chairman and CEO,..
bizjournals

Videos for Bloomberg

News video: Dartmouth's Levin on Central Banks Using Digital Currency

Dartmouth's Levin on Central Banks Using Digital Currency 04:45

Jun.27 -- Andrew Levin, professor of economics at Dartmouth College, discusses why central banks are exploring the move to digital currencies. He speaks with Bloomberg's Joe Weisenthal on "What'd You..
Source: Bloomberg Global Business -

News video: Trump Says Senate Health Bill Is Going to Be 'Great'

Trump Says Senate Health Bill Is Going to Be 'Great' 00:44

Jun.27 -- President Donald Trump comments on the health-care legislation currently before the U.S. Senate.
Source: Bloomberg Global Business -

News video: テスラに挑む欧州、バッテリー生産の自前「ギガファクトリー」着工

テスラに挑む欧州、バッテリー生産の自前「ギガファクトリー」着工 03:37

Jun.27 --..
Source: Bloomberg Global Business -

News video: Why Central Banks Might Move to Digital Currencies

Why Central Banks Might Move to Digital Currencies 03:06

Jun.27 -- Andrew Levin, professor of economics at Dartmouth College, discusses why central banks are exploring the move to digital currencies. He speaks with Bloomberg's Joe Weisenthal on "What'd You..
Source: Bloomberg Global Business -

News video: WTO's Brauner Concerned G-20 Can't Find Agreement

WTO's Brauner Concerned G-20 Can't Find Agreement 00:54

Jun.27 -- "If a smaller, very important group of just 20 is not capable of finding agreement on the importance of trade, and the importance of multilateral rules, this is of concern to us, no doubt..
Source: Bloomberg Global Business -

 

Investing Legend Calls Cryptocurrencies "Biggest Bubble Of A Lifetime"... But There Is A Catch

investing legend calls cryptocurrencies biggest bubble of a lifetime... but there is a catch
Former Fortress Principal Michael Novogratz left the firm's colossal macro hedge fund almost two years ago, but has been discussing investments in virtual currencies since 2013 when he told a UBS..
Zero Hedge

Del Monte Pacific Limited and Fresh Del Monte Produce Announce New Joint Ventures in Retail and Refrigerated Grocery Products

del monte pacific limited and fresh del monte produce announce new joint ventures in retail and refrigerated grocery products
CORAL GABLES, Fla. & SINGAPORE & MANILA, Philippines--(BUSINESS WIRE)--Del Monte Pacific Limited (DMPL, dual listed on the Mainboards of the Singapore Exchange Securities Trading Limited and the..
Business Wire

Goldman, Citi Turn Positive On Gold – Despite “Mysterious” Flash Crash

goldman, citi turn positive on gold – despite “mysterious” flash crash
*Goldman and Citigroup Turn Positive On Gold - Despite "Mysterious" Flash Crash* - Gold bounces higher after "mysterious" one minute "flash crash" mistake - $2 billion, 50 tons or 1.8 million..
Zero Hedge

TECH STOCKS SELL-OFF: Here's what you need to know

tech stocks sell-off: here's what you need to know
Tech stocks including Microsoft, Facebook, and Apple sold off on Tuesday, as the Nasdaq fell the most among the three main indexes. Alphabet fell 2.2% after EU antitrust regulators slapped the tech..
Business Insider

Deutsche Bank is reportedly staring down a $60 million trading loss (DB)

deutsche bank is reportedly staring down a $60 million trading loss (db)
Deutsche Bank could be staring down a $60 million loss after a bad bet on inflation, Bloomberg reported Tuesday.  The German lender's supervisory board is reportedly investigating whether traders..
Business Insider

Hollywood Wants To Take A Close Look At The Chinese Box Office

hollywood wants to take a close look at the chinese box office
Watch VideoHollywood is reportedly taking a closer look at the Chinese box office.  Bloomberg says the Motion Picture Association of America, which represents major movie studios, is conducting an..
Newsy

Deutsche Faces $60MM Derivative Loss For Inflation Bet Gone Bad

deutsche faces $60mm derivative loss for inflation bet gone bad
Just two months after Deutsche Bank was fined $165 million for not only still rigging FX when its currency traders were found to still be participating in banned chat boards, but for violating the..
Zero Hedge

Deutsche Bank takes possible $60M derivative loss - Bloomberg


SeekingAlpha

Oil Sands Exodus Pushes Canada’s M&A Deals To Highest Since 2007

International oil majors have sold a number of oil sands assets in Canada in recent months, with energy deals dominating the total mergers and acquisitions (M&A) activity so far this year, setting the..
OilPrice.com

Trader Abandons European Stock Long, Admits "Too Busy Patting Myself On The Back"

trader abandons european stock long, admits too busy patting myself on the back
Authored by Kevin Muir via The Macro Tourist, *Like a bad parent who doesn’t love his kids equally, I have a confession. My infatuation with European stocks has stopped me from seeing clearly.*..
Zero Hedge

Hollywood movie studios are concerned they are being short-changed on box office sales from China

hollywood movie studios are concerned they are being short-changed on box office sales from china
Hollywood has long been suspicious that the box office receipts they receive from the movies they release in China have been underreported, and now they are taking action.  The Motion Picture..
Business Insider

Apple And Hertz Working Together On Self-Driving Cars

Apple and Hertz Global Holdings Inc. will work hand in hand to develop self driving vehicles. Bloomberg reported that Apple will hand over six Lexus SUVs to Hertz subsidiary Donlen fleet management..
RTTNews

Netflix CEO's favorite original show was taken down in China after only a few days (NFLX)

netflix ceo's favorite original show was taken down in china after only a few days (nflx)
Netflix CEO Reed Hastings loves his company's dark animated comedy “BoJack Horseman,” but Chinese censors appear less enthusiastic. The series has been pulled after only a few days of availability..
Business Insider

CB Insights Reveals the Fintech 250 List At Future of Fintech

VATBox Named to the 2017 Fintech 250, Highlighting Advancements in Automated VAT Recovery NY, NY (PRWEB) June 27, 2017 CB Insights today named VATBox to the prestigious Fintech 250, a select..
PRWeb

Toronto Trump hotel owner strikes deal to remove president’s name from the building

The owner of the Trump International Hotel & Tower in Toronto has reached a deal that would remove President Donald Trump’s name from the front of the building. Bloomberg reports that JCF Capital..
Raw Story

Conference Board Consumer 'Hope' Stumbles To 5-Month Lows

conference board consumer 'hope' stumbles to 5-month lows
Following the drop in UMich confidence preliminary print for June (as Republican hope fell), *The Conference Board's measure of confidence ticked up, handily beating expectations*. The present..
Zero Hedge

Hong Kong Microcaps Crash Amid Marketwide Margin Call: "It's A Domino Effect"

hong kong microcaps crash amid marketwide margin call: it's a domino effect
A few weeks ago, we reported that in a bizarre development - and the latest in a long series of red flags involving Chinese and HK stocks - various Chinese small and micro cap companies had asked..
Zero Hedge

How the Senate GOP health care bill could impact you

Bloomberg News White House correspondent Shannon Pettypiece joins "CBS This Morning" from Washington to discuss how the numbers in the Senate health care bill could affect your coverage.
CBS News


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