published Jun 2nd 2016, 5:48 pm, by Katherine Chiglinsky and Elizabeth Dexheimer (Bloomberg) — Wall Street and business lobbying groups have teamed up to fight the Obama administration’s new rules for U.S. brokers managing retirement accounts, saying the regulations include a “ deliberately unworkable” fiduciary standard. The U.S. Chamber of

published Jun 2nd 2016, 9:55 pm, by David Fickling (Bloomberg) — There are two sides to every story, and that’s rarely more true than in commodity markets. If you look just at the supply side of the equation, it’s hard to comprehend traders’ mild reaction to another OPEC meeting concluding

published Jun 2nd 2016, 8:07 pm, by Emma O’Brien (Bloomberg) — Asian equities tracked the U.S. rebound, rallying as the S&P 500 Index’s climb to a seven-month high bolstered optimism ahead of jobs data that’s likely to color speculation around Federal Reserve policy. Gold extended its slump. Japanese shares drove

published Jun 1st 2016, 6:00 pm, by Justin Sink (Bloomberg) —President Barack Obama took on Donald Trump’s Republican campaign pitch to make America great again by declaring Wednesday that his economic policies already have made life better for middle-class voters. Obama returned to the site of his first presidential visit,

published Jun 1st 2016, 9:36 am, by Elizabeth Campbell (Bloomberg) — Illinois’s leaders failed to end the state’s worst budget impasse on record, deepening the fiscal turmoil in the Land of Lincoln as unpaid bills may swell to $10 billion, schools risk not opening on time, and prisons fall in

published Jun 1st 2016, 7:31 pm, by Eli Lake (Bloomberg View) —In this turbulent election year, one constant theme for leaders of both major parties is a desire to build a global coalition against the Islamic State. Now a relatively unknown group is taking that message literally. On Wednesday, a

published May 31st 2016, 8:11 am, by Matt Levine (Bloomberg View) — Banks. One simple plausible story about the U.S. banking industry is that in 2006 it was fun and aggressive and wild and dangerous, and in 2026 it will be boring and sleepy and safe and utility-like, but in

published May 31st 2016, 3:57 pm, by Chris Dolmetsch and Edvard Pettersson (Bloomberg) — Donald J. Trump claimed he’ll win a lawsuit alleging his namesake real-estate school swindled students as documents unsealed in a related racketeering case showed the hard sell given hesitant prospects. Trump University team members were told

published May 31st 2016, 4:54 pm, by Ben Brody (Bloomberg) — Hillary Clinton’s chief of staff during her time as secretary of state, Cheryl Mills, said she simply never thought about the prospect that some of Clinton’s private e-mail exchanges wouldn’t be retained under federal records laws. “I wish I

published May 30th 2016, 1:00 am, by Mark Whitehouse (Bloomberg View) — Greece and its creditors may have averted a crisis by agreeing on the release of another dose of bailout money, but the deal does little to address a deeper problem: Europeans still don’t want to put their money