Keeps central bank on track for gradual interest-rate hikes Central-bank chief calls recent wage increases ‘quite welcome’ Federal Reserve Chairman Jerome Powell welcomed recent increases in Americans’ wages while expressing confidence that low unemployment won’t spur a takeoff in prices...
On Sept. 24, 5,745 goods imported to the U.S. from China will be hit with a 10% tax. Unlike previous tariffs, many of these items are things that are directly sold to consumers instead of raw materials, like luggage and...
A slight majority of U.S. adults (52 percent) lived in middle-class households in 2016, according to a new report from Pew Research Center. That might seem like only a bare improvement from the previous reporting period in 2011, when the...
An old saying holds that markets are ruled by either greed or fear. Greed once governed cryptocurrencies. The price of Bitcoin, the best-known, rose from about $900 in December 2016 to $19,000 a year later. Recently, fear has been in...
The tea-leaves may be turning again for Bitcoin. Chart patterns and measures of momentum are hinting at support just as the latest swoon by the largest cryptocurrency heightens apprehension among speculators and true-believers. Technical indicators may be well suited to...
Shares of online home sales site Zillow were down more than 16 percent by the close on Tuesday, marking the company's worst day in nearly seven years. Closing at $49.40 per share, the stock recovered some of its losses from...
Since 1975, when the first retail investment fund that aimed simply to mimic a stockmarket index was launched by Vanguard, such “passive” funds have squeezed margins and profits right across the asset-management industry. On August 1st that trend reached its...
Chinese peer-to-peer protests are setting a political trap for regulators. Beijing police on Monday stopped irate investors from converging on the head office of China’s banking regulator to demand compensation for losses from collapsed P2P lenders. Officials are partly responsible...
It’s an interesting time in the U.S. economy. We’re experiencing a nine-year-long expansion with robust GDP growth, while a trade war is brewing between the U.S. and its major trade partners. So how important is trade to the U.S. economy,...
It's universally acknowledged that San Francisco is expensive — but are its rents the most expensive in the world? Yes — according to a new study from financial advice site Walletwyse. The study took crowd-sourced data from Numbeo, a site...
President Trump thinks a new tax on imported cars will boost American auto production and bring back thousands of jobs. He’s about the only one. As the Trump administration readies a report on imported cars that could be the pretext...
LendingClub, Social Finance push a ‘core banking product’ Goldman Sachs among established banks with an online lender Heather Turner and her husband needed a few thousand dollars to jump-start the adoption of a teenager from Ukraine, and their timing was...
The “low” income level needed to qualify for some affordable housing programs in the Bay Area comes in at $117,400-a-year per household. The U.S. Department of Housing and Urban Development’s latest figure for “low income” levels has drawn outrage from...
The Dow erased its gains for the year Tuesday, finishing 287 points lower and extending a global stock sell-off triggered by President Donald Trump's threat to levy billions of dollars more in tariffs on Chinese goods. It's the latest escalation...
The combined wealth of the world’s millionaires rose for a sixth straight year and topped $70 trillion for the first time ever in 2017 thanks to an improving global economy and strong stock market performance, according to a new report...
