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.
By Craig Torres and Christopher Condon (Bloomberg.com) – Fed’s Powell Says Gradual Rate Hikes Are the Best Path ‘For Now’
By Randall Jensen (Bloomberg.com) – Stocks Decline as Oil Tumbles, Dollar Rallies: Markets Wrap
By Andrew Mayeda and Jenny Leonard (Bloomberg.com) – Here’s How a Trade War Between the U.S. and China Could Get Ugly