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Business Headlines

Curated news from Bloomberg Business

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published May 12th 2017, 7:57 am, by Ben Steverman (Bloomberg) —Motherhood is changing, as are mothers’ working lives—and those changes have economists concerned. For a while, women around the world were making clear economic progress. More of them were working, and they were earning more (and boosting the global economy in the process).

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published May 12th 2017, 7:30 am, by Suzanne Woolley (Bloomberg) —Automation, that demon of American job security, may be the patron saint of retirement savings. The average balance in a 401(k) defined-contribution account at Fidelity Investments hit a record $95,500 in the first quarter, up more than 9 percent from a

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Business Headlines

published May 14th 2017, 11:38 am, by Kanga Kong (Bloomberg) —North Korea fired a ballistic missile early Sunday, its seventh such test this year, just days after South Korea elected a president who vowed to engage with Kim Jong Un’s regime. The missile was launched at 5:27 a.m. from the western

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Business Headlines

published May 11th 2017, 5:29 pm, by Sarah Mulholland and Caleb Melby (Bloomberg) —The company belonging to Jared Kushner’s family is pulling out of a presentation to investors in China following criticism that his sister invoked his work for his father-in-law, President Donald Trump, in a similar pitch last weekend.

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published May 11th 2017, 9:35 am, by Lu Wang (Bloomberg) —Things are looking great for equities. Right? Before today’s plunge, hardly a day went by without another record. The S&P 500 Index has closed at an all-time high 16 times in 2017, its 7 percent advance through Wednesday led by

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Business Headlines

published Apr 5th 2017, 5:00 am, by Suzanne Woolley (Bloomberg) —“You know in your heart of hearts that when the account balance hits zero, the girlfriend is gone,” says Wendy Johnson. Johnson has been investigating suspicions of financial abuse of the elderly for six of her nine years on U.S. Bancorp

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published May 10th 2017, 7:16 pm, by Chris Strohm (Bloomberg) —The Trump administration began its search for a replacement for ousted FBI Director James Comey while fending off questions about the president’s abrupt decision to fire the nation’s top law enforcement officer. President Donald Trump planned to meet Wednesday with

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Business Headlines

published May 10th 2017, 8:53 pm, by Adam Haigh (Bloomberg) —Asian stocks advanced as global equities remained at record levels and a rebound in oil boosted energy producers. The New Zealand dollar declined after the nation’s central bank said it will keep rates at a record low for an extended

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Business Headlines

published May 8th 2017, 1:18 pm, by Joe Light (Bloomberg) —Fannie Mae and Freddie Mac may soon begin to provide financing for buyers of manufactured homes, according to draft plans released on Monday. The move is part of an effort by the mortgage-finance giants to ease burdens on low-income borrowers, many

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Business Headlines

published May 9th 2017, 1:55 pm, by Laura Litvan and Steven T. Dennis (Bloomberg) —Senate Republican leaders are starting what’s shaping up to be a secretive process to write their version of an Obamacare overhaul — even after some GOP senators complained that the House devised sweeping health-care legislation behind

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