China’s long-running debt problems reached a tipping point this year, crippling numerous small lenders and raising concerns about a systemic liquidity crunch. The lack of confidence resulted in multiple rural bank runs. Worse still, the estimated trillions of dollars of...
Trump revives Brazil, Argentina steel tariffs, swipes at Fed ​U.S. factories extend contraction as index misses forecasts U.S. stocks dropped on concern over global trade risks and disappointing factory data. The dollar and bonds declined. The S&P 500 Index fell...
As WeWork crashes and Uber bleeds cash, the consumer-tech gold rush may be coming to an end. Several weeks ago, I met up with a friend in New York who suggested we grab a bite at a Scottish bar in...
This morning, CBS News and other news outlets reported that General Electric has announced that it will be freezing its pension plans for U.S. salaried workers and executives at year-end 2020, according to an October 7 GE press release. They...
After working for multiple decades, it's not uncommon for a taxpayer to have multiple traditional IRAs. Perhaps you have rollover IRAs from previous jobs or several IRAs at different financial institutions. But “in the eyes of the IRS you have...
The cost of family health coverage in the U.S. now tops $20,000, an annual survey of employers found, a record high that has pushed an increasing number of American workers into plans that cover less or cost more, or force...
Andrew Bosomworth, managing director and head of portfolio management in Germany at Pimco, discusses Europe nearing a liquidity trap and why European Central Bank policy is increasingly subordinated to fiscal policy. He speaks with Bloomberg's Guy Johnson on "Bloomberg Markets."...
Americans aren't exactly known as strong savers, which explains why so many live paycheck to paycheck. But in a survey by the CFP Board released earlier this year, 48% of U.S. adults aren't saving any money for retirement. And that's...
Choosing a financial advisor has always been a confusing, high-stakes decision, and critics say a recent regulation designed to help consumers may actually have made it harder to know whom to trust. On its face, the new measure, known as...
There is some $15 trillion in government debt that now yields less than zero, and former Federal Reserve Chairman Alan Greenspan believes there’s no reason why U.S. government bond yields couldn’t join much of the developed world in the subzero...
On August 5th the Trump administration deployed another weapon in its fight with China: name-calling. After some grousing on President Donald Trump’s twitter feed, the Treasury officially designated China a currency manipulator. The Chinese government stands accused of devaluing its...
S&P 500 Index jumps more than 1% after six days of losses China rebuffs U.S. Treasury’s currency manipulator designation U.S. shares clawed back some of their recent losses after China’s move to stabilize its currency fueled speculation cooler heads will...
Faced with increased scrutiny from the Department of Labor about lackluster efforts to find missing retirement plan participants, employers are asking for permission to send uncashed pension checks—money that belongs to former workers–to state unclaimed property funds. “It’s unbelievable, but...
The scene was solemn at Deutsche Bank’s offices in London, New York and Tokyo on Monday as scores of employees, belongings in hand, left their desks for the final time as the German lending giant began one of the largest...
The number of billionaires in the U.S. has more than doubled in the last decade, from 267 in 2008 to 607 last year. We are now officially in the longest U.S. economic expansion in history — one perhaps best characterized...
