BLOOMBERG Brazilian stocks fell on Friday, keeping the Ibovespa benchmark on course for its first monthly drop since January. If history is any guide, that shouldn’t surprise investors. Brazilian stocks have fallen every May this decade, adding weight to the old adage “sell in May and go away.” The Ibovespa declined 2.7 percent to 51,804.31 at the close of ...

  Bloomberg Obamacare is under legal attack again, and in the health-care industry it’s hospitals that have the most to lose. A federal judge ruled on Thursday that subsidies for patients’ out-of-pocket costs may be illegal in President Barack Obama’s signature health-care law. Those subsidies are a key part of the law that helped millions of Americans afford health care. ...

  AP The global luxury housing market lost some of its sheen last year as financial markets became unsettled and many wealthy buyers began to look for less expensive homes. “The return of realism,” is how Dan Conn, chief executive of Christie’s International Real Estate, described the high-end market that stretches from San Francisco to Singapore. Sales in a sector ...