Bloomberg Markets Magazine

23 hours ago | bloomberg.com | Felipe Saturnino |Giovanna Azevedo

Hugo Motta, Brazil's speaker of the lower house. (Bloomberg) -- Scaling back corporate tax exemptions in Brazil will be top of the agenda for lawmakers when they meet with the government on Sunday night, House Speaker Hugo Motta said. The talks come as the government of President Luiz Inacio Lula da Silva tries to plug a hole in the budget with tax hikes, a strategy criticized by Motta, who was elected speaker with broad backing, and the country’s top bankers.

1 day ago | bloomberg.com | Martin Z. Braun |Maggie Eastland

The sleepy town of Groton is best known for its its naval base, General Dynamics Corp. Photographer: Simon Simard/Bloomberg(Bloomberg) -- Before the lawsuits started piling up in courtrooms across Connecticut, before his employer accused him of running a “massive Ponzi-like fraud,” and before the FBI showed up, Robert Cappelletti looked well on his way to pulling off one of the greatest muni-bond coups of all time.

1 day ago | bloomberg.com | David Westin

Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I'm David Westin, and this week we held a roundtable discussion with Larry Summers of Harvard and Niall Ferguson of the Hoover Institution about the future of China and explored the developing world of investing in law firms. If you're not yet a subscriber, sign up here for this newsletter.

1 day ago | bloomberg.com | Patricia Lopez

Looking for dinner. (Bloomberg Opinion) -- Of all the cuts in the budget reconciliation bill working its way through Congress, few make less sense than those aimed at the Supplemental Nutrition Assistance Program, which has been feeding the nation’s poor for decades. Fully 42 million people rely on SNAP’s modest benefits to feed themselves and their children — 1 in every 8 Americans. Under the proposed cuts, 4 million would lose all or part of their benefits.

1 day ago | bloomberg.com | Pathom Sangwongwanich

Thai nationalist protesters outside the Cambodian Embassy protest the border dispute with Cambodia. (Bloomberg) -- Thailand’s top army official designated commanders of two task forces to oversee border crossings with Cambodia as tensions simmer following a skirmish in late May. Effective from Saturday, the Burapha and Suranaree task forces have been authorized to determine necessary measures at border checkpoints, according to a statement signed by Army Chief Pana Claewplodtook.