The number of Americans seeking unemployment benefits stayed at a 43-year low last week in the latest sign that layoffs are scarce. THE NUMBERS: Weekly applications for unemployment benefits were unchanged at a seasonally adjusted 246,000, the Labor Department said...
THE collapse in the value of the pound—down by nearly 20% against the dollar since the Brexit vote—will result in rising inflation as the cost of imported goods goes up. Figures released on October 18th show that inflation in September...
The destination was decided in June, by simple majority: Britain is leaving the European Union. The journey, however, will be complex and perilous, beset by wrong turnings, chicanes and elephant traps. With 64m Britons in the back seat, perhaps that...
Wall Street stock index futures were little changed throughout Sunday's highly contentious presidential debate, indicating that markets continue to view that Democrat Hillary Clinton holds an edge in the Nov. 8 election against her Republican rival, Donald Trump. The 90-minute...
Unity Bank and Skye Bank close to being insolvent, Arqaam says Seven Nigerian banks may be under-capitalized and in deficit Nigeria’s banking industry is experiencing a “full-blown financial crisis” as failed fiscal and monetary policies lead to a credit crunch,...
China is edging towards "financial calamity" and must wean itself off its debt addiction and reform if it is to avoid a crisis, the International Monetary Fund has warned. Markus Rodlauer, deputy director of the IMF's Asia-Pacific department, said the world's...
European Central Bank President Mario Draghi said on Wednesday the bank's low interest rate policies were not responsible for the problems that Deutsche Bank is facing. Michael Kemmer, the head of Germany's BdB banking association, earlier on Wednesday told Deutschlandfunk radio that...
Theresa May had to say something about Brexit at her first Conservative Party conference as party leader and prime minister. She could not just repeat her tedious mantra that “Brexit means Brexit”. So on October 2nd she came up with...
I have been talking about slow global economic growth since I've been writing for MarketWatch — nearly five years now. In May 2015, when I expanded my thoughts a bit and wrote "Global Growth Will Never Be the Same,” there...
Wal-Mart effect combines with deflation to eat away at margins Two-for-one sirloins? How about a nice deal on a wagyu steak? Call it the Great Grocery-Store Giveaway of 2016. In Austin, Texas, Randalls slashed prices for boneless beef ribs by...
Baby boomers, born between 1946 and 1964, are heading into retirement in droves (about 10,000 a day, in fact). Along with the aging of this iconic cohort come lots of data about their poor preparation for their golden years. Insufficient...
Middle-class Americans and the poor enjoyed their best year of economic improvement in decades in 2015, the Census Bureau reported Tuesday, a spike that broke a years-long streak of disappointment for American workers but did not fully repair the damage inflicted...
Jackson Hole revealed things that did not make it into reports by the mainstream media. Turns out, the academic and philosophical underpinnings were being laid down for a radical expansion of the Federal Reserve’s toolbox. The unthinkable policy that I’ve...
Equity valuations between Japanese and European banks will converge with quantitative easing (QE) programs and negative interest rate policies set to continue for the long term, according to a team at JPMorgan. "QE reduces lending rates to negative and we...
Company filed for court protection in South Korea last week A number of Hanjin ships have been stranded since the filing ​Hanjin Shipping Co. gained approval Sept. 1 for its court receivership filing after creditors refused to continue supporting the...
