published Nov 28th 2016, 5:32 pm, by Suzanne Woolley (Bloomberg) — Many company 401(k) retirement savings plans could use a swift kick into the 21st century, according to a new report from the U.S. Government Accountability Office. A number of longtime 401(k) plan designs fail to reflect a new, more

published Nov 27th 2016, 4:00 pm, by Angelina Rascouet, Grant Smith and Wael Mahdi (Bloomberg) — OPEC is embarking on a last-ditch diplomatic push to reach a production cut, with ministers flying to Russia for talks, as Saudi Arabia for the first time suggested the oil-club doesn’t necessarily need to

published Nov 22nd 2016, 9:19 am, by Shobhana Chandra (Bloomberg) — Sales of previously owned U.S. homes unexpectedly climbed in October to the highest level since February 2007, a sign of momentum in the housing market a month before a jump in borrowing costs, National Association of Realtors data showed

published Nov 23rd 2016, 11:12 am, by Luke Kawa and Julie Verhage (Bloomberg) — On the surface, the message from the University of Michigan’s final reading of consumer sentiment for November is that President-elect Donald Trump will fix what ails the nation — fast. The consumer expectations index of the

published Nov 22nd 2016, 3:26 pm, by Rita Nazareth and Lukanyo Mnyanda (Bloomberg) — All four major U.S. stock benchmarks rallied to records, with the Dow Jones Industrial Average topping 19,000 for the first time. Metals climbed, while oil was little changed. The Dow Average rose alongside the S&P 500

published Nov 22nd 2016, 1:42 pm, by Vivian Nereim (Bloomberg) — Saudi engineering graduate Marwan turned down a job from General Electric to hold out for a better salary. It’s a decision he now regrets. The 24-year-old native of the port city of Jeddah has been applying to jobs for

published Nov 22nd 2016, 3:35 pm, by John Voskuhl and Caleb Melby (Bloomberg) —President-elect Donald Trump said that a sitting U.S. president “can’t have a conflict of interest,” responding to a surge of questions about whether his global business interests will collide with his official duties when he takes office

published Nov 21st 2016, 9:30 am, by Sid Verma (Bloomberg) —The president-elect has fueled a spirited rally in the dollar and developed-market stocks since his election victory, while government bond yields have staged a large selloff amid expectations that the Republican’s policy platform — tax cuts, deregulation, and infrastructure spending —

published Nov 21st 2016, 2:34 pm, by Lisa Abramowicz (Bloomberg Gadfly) —The wheels of the $1.3 trillion U.S. junk-bond market are slowly grinding to a halt. Just a few years ago, the market was as wide open as it had ever been, allowing borrowers to raise money for anything and

published Nov 21st 2016, 3:01 pm, by Lu Wang and Rebecca Spalding (Bloomberg) —U.S. stocks rose, pushing four major benchmark indexes to simultaneous records for the first time since 1999, as investors added to a post-election advance spurred by speculation the incoming administration’s policies will incite brisker economic growth. The