published May 2nd 2017, 3:53 pm, by Wael Mahdi (Bloomberg) —Saudi Arabia will retain full ownership of its oil and gas reserves and sole decision-making authority on production levels after Saudi Arabian Oil Co.’s long-awaited initial public offering, Deputy Crown Prince Mohammed bin Salman said in interview Tuesday on state-run

published May 2nd 2017, 4:45 pm, by Shira Ovide (Bloomberg Gadfly) —Even if Apple’s next iPhone proves to be a hit, it may seem like a letdown. The company’s stock price and valuation have been on a tear this year as investors look past the company’s transformation into a highly profitable

published May 2nd 2017, 2:49 pm, by Tony Capaccio (Bloomberg) —The Pentagon will attempt a new test by the end of this month of whether it can intercept an intercontinental ballistic missile like the ones North Korea is seeking to develop, according to the deputy director of the U.S. Missile

  published May 1st 2017, 5:12 pm, by Margaret Talev, Jennifer Jacobs and Jennifer Epstein (Bloomberg) –President Donald Trump said Monday the Republican health-care bill being negotiated in Congress ultimately will protect Americans with pre-existing conditions as well as Obamacare does. “I want it to be good for sick people.

published Apr 28th 2017, 4:00 am, by Suzanne Woolley (Bloomberg) — The long-term impact of a new presidential administration’s early acts is almost impossible to assess. That hasn’t stopped some from making weighty pronouncements on Donald Trump’s first 100 days, including Donald Trump. And it won’t stop us. With that,

published May 1st 2017, 4:00 pm, by Satyajit Das (Bloomberg View) — For all the hand-wringing over when and how the Federal Reserve would begin tapering its massive bond-buying program, emerging nations appear to be relatively well-prepared for higher U.S. interest rates. Compared with the period before the 1997 financial

published Apr 29th 2017, 9:25 pm, by Katia Dmitrieva and Justin Sink (Bloomberg) —Donald Trump touted the achievements of his administration, saying he’s made good on promises to voters, but on his 100th day in office couldn’t let go of his animosity toward the news media during a raucous campaign-style rally

published Apr 29th 2017, 6:01 pm, by Catherine Bosley (Bloomberg) —If you want to be at the epicenter of global growth in the next few decades, you could do worse than relocate to somewhere like Kigali, Foshan, or Belo Horizonte. That’s because many cities that today are still comparative backwaters on

published Apr 30th 2017, 10:52 am, by Ben Brody (Bloomberg) — Vice President Mike Pence said he hopes Congress can pass legislation to replace Obamacare by the end of the year, a far longer timetable than President Donald Trump has envisioned. Pence, in an interview Sunday on NBC’s “Meet the

published Apr 27th 2017, 3:42 pm, by Dina Bass (Bloomberg) — Satya Nadella’s plan to reshape Microsoft Corp. as a cloud-computing company hit a snag in the third quarter, when lackluster sales of Surface tablets and weaker demand for corporate services kept revenue growth in check. Adjusted sales in the