published May 17th 2017, 10:31 am, by Suzanne Woolley (Bloomberg) —With graduation gifts, it’s the thought that counts. The cash is nice, too. Spending on graduation gifts in the U.S. is expected to reach $5.6 billion this year, according to a new survey from the National Retail Federation. That tops last

published May 18th 2017, 5:00 pm, by Adam Minter (Bloomberg View) —It’s been an excellent few months for startups in China’s sharing economy. Perhaps too good. The bike-sharing industry landed its first unicorn, and companies that allow phone users to share battery packs have raised at least $150 million in

published May 18th 2017, 6:01 pm, by Mark Shenk and Grant Smith (Bloomberg) —OPEC will extend an accord that trims production, even as surging U.S. output threatens the group’s goal of draining excess supply, according to a Bloomberg survey. The Organization of Petroleum Exporting Countries and its allies will prolong

published May 17th 2017, 5:00 pm, by Noah Feldman (Bloomberg View) —The American obsession with President Donald Trump and the investigation into untoward Russian influence is distracting us from China’s bid to displace the U.S. when it comes to global leadership. The latest major step is the “Belt and Road”

published May 13th 2017, 12:16 pm, by Margaret Talev (Bloomberg) —A defiant President Donald Trump told the graduating class at Liberty University to stand up to criticism and challenge conventions in his first commencement address since taking office, a message that seemed aimed at his detractors as much as to

published May 17th 2017, 6:28 pm, by Benjamin Purvis (Bloomberg) —Volatility was set to spread across Asian equity markets after turmoil surrounding Donald Trump’s administration sparked the worst day in eight months for U.S. stocks as investors rushed toward haven assets. Equity index futures in Australia, Japan and South Korea pointed

published May 16th 2017, 5:00 pm, by Wael Mahdi and David Wethe (Bloomberg) —Saudi Aramco plans to sign agreements with at least 10 companies including General Electric Co. and oil field-service businesses Schlumberger Ltd. and  Halliburton Co. when President Donald Trump visits Saudi Arabia, according to two people familiar with

published May 16th 2017, 7:07 pm, by David Roman (Bloomberg) —Asia’s emerging economies are embracing the digital revolution. From the Philippines to Indonesia, developing nations across the region are jumping on the digital bandwagon faster than expected given their relatively low income levels, according to a new report by Deloitte

published May 16th 2017, 4:05 pm, by Margaret Talev, Shannon Pettypiece and Michael S. Arnold (Bloomberg) —White House National Security Adviser H.R. McMaster sought for the second day to contain the damage from a report that President Donald Trump revealed sensitive and highly classified intelligence to two senior Russian officials,

published May 15th 2017, 6:00 pm, by Blaise Robinson (Bloomberg) —The scorching gains that have put emerging-market equities on track for their best year since 2009 are showing signs of flagging. After the MSCI Emerging Market Index’s surge of about 17 percent this year, momentum indicators suggest the rally is