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This Article is From Jul 28, 2018

Your Evening Briefing

(Bloomberg) --

The U.S. economy grew by 4.1 percent in the second quarter, the fastest since 2014. But all is not well as the global trade war claims victims, wages remain stagnant, the housing market teeters, and some worry a recession may be on the horizon.

Here are today's top stories

Twitter's effort to crush fake accounts in the wake of Russian interference with the 2016 U.S. election isn't going over well with Wall Street, which punished the company for slow user growth.

Richard Branson isn't conceding space supremacy to Elon Musk or Jeff Bezos, as Virgin Galactic bounces back from a 2014 disaster with new promises of commercial space travel.

Nasdaq thinks it can help get cryptocurrency on the path to legitimacy despite the funny money's history of shady transactions and fraud.

Wall Street took a chunk out of big oil, slamming Exxon Mobil and Chevron for failing to fully capitalize on rising oil prices.

Whole Foods used to provide a window into the burgeoning market of organic food and how upscale Americans eat and shop. But Amazon swallowed the grocer, and all is now veiled.

U.S. President Donald Trump allegedly had relationships with three more women who were paid "hush money," including one who says he got her pregnant, the lawyer for Stormy Daniels claims.

What's Luke Kawa thinking about? The Bloomberg markets reporter is looking backwards, reflecting on how Friday's numbers also include revisions to earlier data that may change the way we look at economic performance in recent years.

What you'll need to know tomorrow

What you'll want to read tonight

Why do space movies still rule the American movie theater? Films about galaxies far, far away have been big moneymakers in recent years, thanks in part to the third phase of the Star Wars franchise. This wasn't always the case—here's what changed.

©2018 Bloomberg L.P.

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