published Sep 6th 2016, 4:00 am, by Romy Varghese (Bloomberg) — Along with death and taxes, Californians have counted on another inevitability: once pension promises are made to public employees, they can’t be rolled back. That belief, which has guided officials as they deal with mounting bills to cash-strapped retirement

published Sep 6th 2016, 12:03 pm, by Anuchit Nguyen and Maria Levitov (Bloomberg) — Emerging-market stocks headed for their highest level since July 2015 and currencies strengthened as data showing slower-than-forecast growth in the U.S. services industry bolstered speculation that the Federal Reserve will move slowly in raising interest rates.

published Sep 6th 2016, 1:03 pm, by Lananh Nguyen (Bloomberg) — A gauge of the dollar dropped by the most in five weeks after a report showed America’s service industries expanded in August at the weakest pace in six years, damping the outlook for higher U.S. interest rates. The U.S.

published Sep 2nd 2016, 12:46 pm, by Conor Sen (Bloomberg View) — The stock market of the late 1990s is remembered mostly for high-flying dotcom equities that eventually crashed back to earth. Yet from a money flows standpoint, the bigger imbalance of that era was that large-cap stocks fetched very

published Sep 4th 2016, 4:00 pm, by Adam Minter (Bloomberg View) — For 30 years, the word “sweatshop” has conjured up a very specific image: low-wage Asian workers making branded clothes in crowded, unsafe factories for consumers overseas. The power of that image has launched human rights campaigns, altered how

published Sep 5th 2016, 6:01 pm, by Agnieszka de Sousa (Bloomberg) — It’s looking like another bad year for the biggest banks when it comes to commodities. Revenue from raw materials at Goldman Sachs Group Inc., JPMorgan Chase & Co. and 10 other top banks slid 25 percent in the

published Sep 4th 2016, 10:02 am, by Robert Hutton (Bloomberg) — Prime Minister Theresa May warned there were “difficult times ahead” for the U.K. economy in the wake of the country’s vote to leave the European Union. May was speaking as she traveled to the Group of 20 summit in

published Sep 3rd 2016, 4:00 am, by Share the View (Bloomberg View) — Vladimir Putin Doesn’t Get U.S. Politics Russia’s president professes ignorance about the 2016 race. Is he bluffing? Leonid Berdshidsky says his claim could be an old intelligence officer’s trick designed to distance himself from the DNC leaks

published Sep 4th 2016, 9:48 am, by Michelle Jamrisko and Patricia Laya (Bloomberg) — Hillary Clinton is the most dishonest presidential candidate since Richard Nixon, Indiana Governor Mike Pence said a day after the FBI released a report on its investigation into the Democrat’s e-mail usage as secretary of state.

published Aug 24th 2016, 8:12 am, by Sahil Kapur and Jennifer Jacobs (Bloomberg) — Donald Trump is backing away from his call for mass deportations of undocumented immigrants, and even some of his rally-going supporters say they’re fine with it. If he wins the November election, the Republican presidential nominee