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 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

published May 8, 2018, 3:00:06 PM, by Michael S. Arnold (Bloomberg) — Israel’s army instructed municipalities in the Golan Heights to open bomb shelters in the northern plateau after noticing “irregular activity” of Iranian forces in Syria that raised fears of an impending attack on Israel. “Defense systems have been

published May 8, 2018, 7:57:37 AM, by Elizabeth Campbell (Bloomberg) — Three years ago today, the Illinois Supreme Court struck down the state’s attempt to cut its employees’ pension benefits to chip away at a retirement-system debt that’s swelled to almost $11,000 for every man, woman and child. Since then,

published May 7, 2018, 5:27:22 PM, by Eric Martin, Josh Wingrove and Andrew Mayeda (Bloomberg) — Cabinet-level negotiators from the three Nafta nations are meeting again in Washington this week to attempt a breakthrough on the trade deal. It won’t be easy. Several contentious issues remain unresolved after more than

published May 4, 2018, 5:03:01 PM, by Jason Tesauro (Bloomberg) — Say someone gave you $130,000. Or you just want to spend $130,000 for fun. Or you’d like to spend $130,000 because you know someone will pay you back. Sometimes it’s not clear. Anyway, here are some things you could

published May 7, 2018, 5:58:08 PM, by Sarah McBride (Bloomberg) — Move over, candy and flamethrowers. Elon Musk tweeted out plans Monday for yet another side venture: alleviating the nation’s housing crisis. “The Boring Company will be using dirt from tunnel digging to create bricks for low-cost housing,” he wrote