New York is probing allegations that Donald Trump and his family used “outright fraud” to evade taxes on hundreds of millions of dollars. A New York Times report said that, counter to the president's claim that he is a self-made billionaire, much of his fortune was handed to him by his father, starting at a very young age.—David E. Rovella Here are today's top storiesAmerica's retreat from world leadership is intensifying calls to revisit the dollar's role in the global economy, Bloomberg Businessweek reports. As the sexual assault probe of Brett Kavanaugh nears an end, concern the FBI effort isn't "serious" was compounded by news the White House hasn't allowed agents to interview the high court nominee or Dr. Christine Blasey Ford. Trump, meanwhile, is betting the fight will help in November, mocking Ford and another accuser before a cheering Mississippi crowd. Japanese companies are offering the U.K. a taste of what's to come if Brexit talks with the EU fail: they're shifting operations elsewhere. Ever wonder what the world's worst stock market is? Well, this one is so bad that traders are afraid to bargain hunt even as it plummets. The spotted lanternfly, native to Southeast Asia, is following in the footsteps of the brown marmorated stink bug, Bloomberg Businessweek reports, spreading across America and destroying crops. Remember that Chinese actress who vanished from the public eye in June? She's back with a $129 million fine for tax evasion. What's Luke Kawa thinking about? The Bloomberg cross-asset reporter says Mizuho's U.S. high-yield team expansion and Bank of America's plans to cover 100 U.S. exchange-traded funds pay "thematic homage" to the key drivers of the long American risk rally. What you'll need to know tomorrowThe yield on 10-year U.S. Treasuries hasn't been higher since 2011.Companies may be preparing for a slowdown in earnings.The bull market has helped older CEOs stick around.Tesla's Model 3 is becoming one of the best-selling U.S. sedans.Poland is planning to build Europe's largest airport. Here's whyThe super-rich are stockpiling cash in secret funds to give away later.There's an incredibly rare, pricey bourbon about to hit liquor stores. Sponsored Content by Milliman It’s been a long time since innovation and insurance were mentioned in the same breath. But that’s about to change. See how Milliman is helping drive the insurtech revolution. What you'll want to read tonightHyperloop Transportation Technologies rolled out its first full-scale passenger capsule, offering the world a peek into the future of travel popularized by Tesla CEO Elon Musk. Named the Quintero One, the vehicle is made almost entirely out of composite material. Have you started strategizing for 2019? We have. Don’t miss the annual Bloomberg Businessweek special report, The Year Ahead, on the major trends, disruptions, breakthrough products, innovations and movements to watch in the coming year. Get Bloomberg All Access in time to receive this issue in print and much more. Join the smartest minds in tech & investing at Bloomberg's Sooner Than You Think, a special event on Oct. 16 at The William Vale in NYC. Learn how artificial intelligence, cryptocurrency, and blockchain are reshaping how we spend, save, and invest. Register now with registration code BBGNEWS. Download the Bloomberg app: It's available for iOS and Android. |