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...
Economists are increasingly forecasting a recession next year, but one believes the downturn has already begun. Gary Shilling, an economist and financial analyst who is credited with predicting several recessions over the past 40 years, thinks the U.S. is in...
Congress says wealthy would reap most benefit from cap repeal ​House panel will examine deduction’s impact in Tuesday hearing More than half of the benefit of repealing the $10,000 deduction cap for state and local taxes would go to millionaires,...
The S&P 500 is within 1% of its closing record set on April 30 The S&P 500 index stands less than 1% shy of a record but investors aren’t loving the climb, based on a recent fund manager survey from...
Bets on a move as soon as July rise after weak jobs report Some see Powell getting ahead of market with half-point cut Federal Reserve Chairman Jerome Powell and his colleagues face three decisions when it comes to reducing interest...
The U.S.-China trade war has had a major effect on American farmers since the Trump administration began taking action against Beijing in March 2018. Things got worse recently when President Trump announced on Friday that the U.S. will be implementing...
The Trump administration’s 10% tariff on $200 billion in Chinese imports has been a nuisance, with many U.S. businesses absorbing the cost or working around it. But President Donald Trump’s threat over the weekend to hike the duty to 25% would...
Most millennials define adulthood as being on their own financially, but the majority still depend on Mom and Dad for money, even in into 30s, according to a new Merrill Lynch/Age Wave survey given exclusively to USA TODAY. Seven in...
Critics of economics like to say that its abstract theories lack real-world pay-offs. There is a glaring counter-example: the global rise of central-bank independence in the past 25 years. In the 1970s it was normal for politicians to manipulate interest...
Basket of American companies exposed to Europe up 23% in 2019 IMF sharply downgrades its outlook for euro-area economies The soft spot for the global economy is a source of strength for the U.S. stock market. A basket of American...
Prime Minister Theresa May is expected to speak after a marathon Cabinet meeting on Tuesday, according to media reports. Meanwhile, members of Parliament are maneuvering to try to prevent a no-deal split in 10 days. Kitty Donaldson & Robert Hutton...
