published May 13, 2018, 2:25:43 PM, by Noah Feldman (Bloomberg Opinion) — Don’t be fooled by the superficially amicable split between the Boy Scouts of America and the Church of Jesus Christ of Latter-day Saints. The breakup, in fact, reflects a long festering period of incompatibility and will have consequences

published May 13, 2018, 4:00:01 PM, by Gwen Ackerman and Fadwa Hodali (Bloomberg) — At Jerusalem’s Al Aqsa mosque, it was seen as a worrisome enough development for the preacher to send up an alarm. “Don’t try to change the identity of the holy city,” Ismail Nawahda exhorted. What had

published May 13, 2018, 4:00:16 PM, by Daniel Moss (Bloomberg Opinion) — Chairman Jerome Powell wants us to know that the Federal Reserve isn’t to blame for the sell-off in emerging markets. Perhaps it isn’t. But the Fed has been spotted in the vicinity. The connection between emerging markets and

published May 10, 2018 3:02:31 PM, by Sarah Ponczek (Bloomberg) — U.S. stocks rallied to a seven-week high while the dollar sank after a weak inflation reading signaled the Federal Reserve won’t need to step up the pace of interest-rate increases. Chipmakers paced gains in major American equity benchmarks, while

published May 10, 2018 2:15:35 PM, by Erik Wasson (Bloomberg) — House Minority Leader Nancy Pelosi said that if Democrats take control of the House in November and she’s elected as their leader, she will seek to revise the GOP’s tax cut bill to reverse its estimated $1.9 trillion increase

published May 10, 2018 1:55:28 PM, by Jason Tesauro (Bloomberg) — Once upon a time, the name in racing was Mario Andretti. The Italian with the killer sideburns owned racing in the 1970s and ’80s. He took checkered flags in Formula One, IndyCar, World Sportscar Championship, and Nascar. But Andretti’s

published May 9, 2018 3:46:41 PM, by Ryan Collins and Naureen S. Malik (Bloomberg) — President Donald Trump’s decision to scrap the Iran nuclear deal and restore sanctions was great for oil bulls. But for natural gas drillers in America’s hottest shale play, it could be a disaster in the

published May 3, 2018 6:06:05 AM, by Arie Shapira (Bloomberg) — Stock futures are up small, the 10-year is back down to ~2.95%, the dollar is slightly lower, and Mnuchin and company have touched down in China (no incremental news is out just yet) — while Elon Musk’s relationship with

published May 9, 2018 3:49:02 PM, by Alan Levin (Bloomberg) — At Memphis International Airport, drones may soon be inspecting planes and delivering airplane parts for FedEx Corp. In Reno, Nevada, they will test airlifting life-saving defibrillators to patients. And customers in Virginia could get goods they ordered from the

published May 3, 2018, 2:00:15 PM, by Justin Fox (Bloomberg Opinion) — Let’s run through some fun retirement-savings jargon: DB, for defined benefit, means a traditional pension plan. The monthly payout is defined from the start and guaranteed by the plan sponsor. DC, for defined contribution, is an individual retirement