published May 4th 2017, 4:00 pm, by Ben Steverman (Bloomberg) —Americans face two big problems as they get older: a shortage of retirement savings and the skyrocketing cost of health care. Both may be about to get worse after two narrow votes in Congress this week. On Wednesday, the Senate voted

published May 3rd 2017, 5:58 pm, by Jennifer Jacobs and Justin Sink (Bloomberg) —President Donald Trump is poised to take actions aimed at giving churches and religious groups greater leeway to engage in politics without risking their tax-exempt status, according to two White House officials. An announcement on an executive

published May 3rd 2017, 8:45 am, by Suzanne Woolley (Bloomberg) —Twitter had a brief freakout last week after White House spokesman Sean Spicer seemed to suggest that pretax 401(k) contributions to retirement savings were in danger. The White House hastened to say that wasn’t part of the proposed tax overhaul

published May 3rd 2017, 5:56 pm, by Liam Denning (Bloomberg Gadfly) —David Einhorn says Tesla Inc.’s valuation is a bubble. But then, you hardly need to pay a hedge-fund manager to know that. Tesla’s stock fell slightly in after-hours trading following the release of first-quarter results late Wednesday. Even so,

published May 2nd 2017, 3:53 pm, by Wael Mahdi (Bloomberg) —Saudi Arabia will retain full ownership of its oil and gas reserves and sole decision-making authority on production levels after Saudi Arabian Oil Co.’s long-awaited initial public offering, Deputy Crown Prince Mohammed bin Salman said in interview Tuesday on state-run

published May 2nd 2017, 4:45 pm, by Shira Ovide (Bloomberg Gadfly) —Even if Apple’s next iPhone proves to be a hit, it may seem like a letdown. The company’s stock price and valuation have been on a tear this year as investors look past the company’s transformation into a highly profitable

Soon will be out the third season of Fear the Walking Dead, a prequel of sorts to the most popular cable show ever, The Walking Dead. It is not really a prequel as it has all new characters and it takes place in Los Angeles and Mexico, not on the

published May 2nd 2017, 2:49 pm, by Tony Capaccio (Bloomberg) —The Pentagon will attempt a new test by the end of this month of whether it can intercept an intercontinental ballistic missile like the ones North Korea is seeking to develop, according to the deputy director of the U.S. Missile

  published May 1st 2017, 5:12 pm, by Margaret Talev, Jennifer Jacobs and Jennifer Epstein (Bloomberg) –President Donald Trump said Monday the Republican health-care bill being negotiated in Congress ultimately will protect Americans with pre-existing conditions as well as Obamacare does. “I want it to be good for sick people.

published Apr 28th 2017, 4:00 am, by Suzanne Woolley (Bloomberg) — The long-term impact of a new presidential administration’s early acts is almost impossible to assess. That hasn’t stopped some from making weighty pronouncements on Donald Trump’s first 100 days, including Donald Trump. And it won’t stop us. With that,