published Sep 20, 2017, 3:05:16 PM, by Jessica Summers (Bloomberg) — Oil closed above $50 a barrel for the first time since July as a drop in fuel supplies became the latest positive nudge following brightening demand prospects and signals that OPEC will intensify output cuts. Futures jumped 1.9 percent

published Sep 20, 2017, 2:53:05 PM, by Alex Webb (Bloomberg) — Apple Inc. shares fell the most in more than a month after an analyst said demand for the iPhone 8 is “substantially lower” than for earlier models of the world’s best-selling smartphone. Pre-order volumes in the U.S. for the

published Sep 20, 2017, 1:50:35 PM, by Svenja O’Donnell and Robert Hutton (Bloomberg) —Prime Minister Theresa May said the U.K. will withhold part of its funding to the United Nations unless it delivers reforms. Britain will set aside 30 million pounds ($40.5 million) of its 90 million-pound membership fee which

published Sep 19, 2017, 6:32:00 PM, by Shannon Pettypiece and Kevin Cirilli (Bloomberg) —President Donald Trump will use money donated to his campaign and the Republican National Committee to pay for his personal legal bills related to investigations into his campaign’s ties to Russia, two people familiar with the matter

published Sep 19, 2017, 6:00:00 PM, by Jack Farchy and Elena Mazneva (Bloomberg) —Russia’s state-owned nuclear corporation is joining the lithium rush. After a collapse in the price of uranium, Rosatom Corp. plans to start mining and trading the metal used in batteries as it seeks to profit from the

published Sep 18, 2017, 4:03:32 PM, by Tyler Cowen (Bloomberg View) —The Republicans are making yet another run at repealing Obamacare, this time with a bill sponsored by Republican senators Lindsey Graham, of South Carolina, and Bill Cassidy, of Louisiana. While this legislation doesn’t seem workable in its current form,

published Sep 18, 2017, 5:00:01 PM, by Olivier Monnier (Bloomberg) —Kadi Bah saw people starving in the Sahara desert and drowning in the Mediterranean during her failed six-month odyssey to reach Europe. But as soon as the United Nations plane bringing her back home from Libya to Ivory Coast touched

published Sep 18, 2017, 6:00:00 PM, by Jessica Summers and Barbara Powell (Bloomberg) —Three weeks after Hurricane Harvey ravaged the massive fuel-making industry along the Texas coast, the region’s recovery from storm damage is starting to disrupt plans for crucial maintenance at refineries thousands of miles away from the flood

published Sep 15, 2017 2:26:56 PM, by Ben Carlson (Bloomberg View) — In late July, Oaktree Capital’s Howard Marks put out a memo describing current investment trends that could turn out to be mistakes. Marks urged caution on equity valuations, low volatility, FAANG stocks (Facebook, Amazon, Apple, Netflix and Google),

published Sep 17, 2017 9:00:18 AM, by Albert R. Hunt (Bloomberg View) — The stars should be aligned for a big infrastructure deal.  The lingering devastation from the hurricanes that crippled Houston and Florida underscored the national problems of crumbling roads and bridges, inadequate transportation systems and aging electrical grids.