By Rick Clough (bloomberg.com) – General Electric Co.’s pension deficit is the worst in corporate America, hampering Chief Executive Officer Larry Culp’s efforts to rescue the manufacturing icon. Now, with falling interest rates making his job even harder, he’s doing something about it.
By Vince Golle (bloomberg.com) – American companies still have work to do in slimming inventories even after making some headway in the second quarter, indicating that further efforts to trim bloated stockpiles could weigh on the economy.
By Joshua Fineman (bloomberg.com) – A slow start to the year for mergers and acquisitions — hamstrung by trade issues with China — picked up in June…
By Reade Pickert and Jeff Kearns (bloomberg.com) – U.S. economic growth accelerated in the first quarter on a big boost from inventories and trade that offset slowdowns in consumer and business spending, with President Donald Trump touting the report as much stronger than expected.
By Shelly Hagan and Wei Lu (bloomberg.com) – The Golden State is living up to its nickname, with California ranking as the most innovative economy in America.
By Chris Farrell (Bloomberg.com) – Saving more money early is sound advice, but not always possible. You may be able to pick up the pace after the kids are grown.
By Bloomberg News (bloomberg.com) – China’s efforts to arrest destabilizing declines in domestic stocks in recent years have become so well recognized that market players coined the term “the national team” to describe buying by state-owned funds. In the latest bout of turmoil, there’s been a twist.
By Peter Coy (bloomberg.com) – Metal Tariffs Haven’t Cost Jobs (Yet). Backers of the duties point out that jobs in metal-using industries are still growing.
By Dana Hull (bloomberg.com) – Wall Street and Washington have the same question for Elon Musk: Where’s the money?
By Elena Popina (bloomberg.com) – The rush to get out of U.S. tech stocks entered its third day Monday as concerns mounted over how the storied FAANG bloc will fare amid rising interest rates and slower growth.