published Jul 19, 2018 11:00:05 PM, by Christopher Condon and Rich Miller (Bloomberg) — President Donald Trump’s extraordinary broadside against the Federal Reserve on Thursday may end up getting him exactly what he doesn’t want: higher interest rates. Confronted with a burst of presidential pressure not seen for decades to

published Jul 18, 2018 2:46:30 PM, by Laura Davison (Bloomberg) — Republicans are promising a comprehensive second round of tax cuts — but tax changes affecting retirement savings may be the only measures with enough political support to make it through Congress this year. House Ways and Means Chairman Kevin

published Jul 18, 2018 4:34:14 PM, by Toluse Olorunnipa and Justin Sink (Bloomberg) — President Donald Trump said Wednesday that Russia isn’t currently targeting the U.S., diverging from a public statement his own intelligence director made two days earlier. After a reporter asked during a cabinet meeting whether Russia was

published Jul 18, 2018 7:16:22 PM, by Zaid Sabah and David Wainer (Bloomberg) — Israel’s Knesset late Wednesday passed a controversial nation-state bill that allows the state to encourage the establishment of communities for Jews only, Haaretz reported on its website. Ahead of the vote, opposition members of the Knesset

published Jul 17, 2018 4:12:58 PM, by Jessica Summers (Bloomberg) — Oil dipped after an industry group reported crude inventories in the U.S. climbed higher, when analysts were expecting a decline. Futures in New York edged lower in after-hours trading after the American Petroleum Institute was said to report nationwide

published Jul 17, 2018 5:02:39 PM, by Erik Larson (Bloomberg) — Four Democratic-led northeastern states sued the Trump administration to invalidate the new $10,000 cap on the federal tax deduction for state and local taxes that they say unfairly targets them. New York, New Jersey, Connecticut and Maryland claim the

I have been been on a David Lynch movie bender lately. David Lynch is the director of such films as Lost Highway, Mulholland Drive, Blue Velvet and Eraserhead. The guy used to be a carpenter yet his films are so esoteric and metaphorical, yet he seems to be a strange

published Jul 17, 2018 4:12:42 PM, by Elena Popina and Sarah Ponczek (Bloomberg) — Tech traders who spent the last few days worrying about what Netflix Inc.’s earnings would hold should’ve been thinking about something else: Jay Powell’s congressional testimony. After starting the day in the red after Netflix bombed

published Jul 16, 2018 3:19:32 PM, by Therese Raphael (Bloomberg Opinion) — The two sides in the great Brexit debate finally found something they can agree on: hatred of Prime Minister Theresa May’s European Union divorce-settlement plan. A growing number of the combatants even agree on the solution. That would

published Jul 16, 2018 4:13:20 PM, by Liz Capo McCormick and Lu Wang (Bloomberg) — A growing chorus of observers is saying that financial markets are too sanguine about the threat that a U.S.-instigated trade war poses to global output and asset values. The International Monetary Fund joined the fray