By Theophilos Argitis May 27, 2019, 3:13 PM EDT
Photographer: Cole Burston/Bloomberg
The House of Representatives passed legislation Thursday that would make significant changes to the laws governing retirement savings accounts.
Rising tensions in the Middle East are vying with fears over an escalating trade war between the U.S. and China to determine the course of oil prices in the coming weeks. In the midst of the turmoil, a group of OPEC+ oil ministers are meeting to recommend a course of action for the group over the second half of the year. Their task is not an enviable one.
The escalating U.S.-China trade war is threatening to upend the global economy’s much-anticipated rebound and could even throw its decade-long expansion into doubt if the conflict spirals out of control.
What Bloomberg’s Economists Say“Higher tariffs would mean lower margins for producers and higher prices for consumers and, in turn, reduced demand. This would create widespread disruption along the supply chain.”– Maeva Cousin, economist
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