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

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

published Jul 16, 2018 5:26:07 PM, by Joel Rosenblatt (Bloomberg) — A former Apple Inc. engineer charged with stealing self-driving car secrets for a Chinese startup pleaded not guilty in federal court in San Jose, California. Zhang Xiaolang entered the plea through his lawyer Monday. He was arrested just before

published Jul 16, 2018 5:40:30 PM, by Spencer Soper (Bloomberg) — Amazon.com Inc. kicked off its big Prime Day sales promotion with technical glitches on its website and app, threatening its 36-hour sales extravaganza. Trouble on the site spiked just as the event began at 3 p.m. Eastern time, but

published Jul 15, 2018 10:55:18 AM, by Margaret Talev (Bloomberg) — President Donald Trump named the European Union as a “foe” of the U.S. in an interview, days after a contentious meeting with NATO allies, but a top European official said the suggestion was “ fake news.” The comment, using

published Jul 15, 2018 6:00:15 PM, by Daniel Moss (Bloomberg Opinion) — That was the high point? We’ve probably seen the best of global growth for this cycle, but the peak wasn’t marked by the traditional catalysts for a slowdown like higher interest rates or a financial blowup. Instead it’s

published Jul 10, 2018 9:48:55 AM, by Martin Z. Braun (Bloomberg) — A growing number of retirees are opting to spend their Golden Years living close to a university campus. Or, in the case of Purchase College, on it. Later this month, a non-profit organization affiliated with Purchase plans to