Greenback’s rise caused by anticipation of fiscal boost Appreciation will harm economy if Trump can’t deliver The dollar’s appreciation may represent the U.S. economy’s biggest speed bump in 2017, and that could be good or bad, depending on whether President-elect...
Measure of Americans’ expectations surges to a 13-year high More households expect better economy, labor market in 2017 Consumer confidence climbed in December to the highest level since August 2001 as Americans were more upbeat about the outlook than at...
Nearly half of 30-year-olds earn less than their parents did at that age. The impact on politics has been clear: a new spirit of populism and unrest. The engine of capitalism is struggling to create the abundance that was once...
Tax prep companies are coming to grips with an age-old business convention: Once you give it away for free, no one will want to pay for it ever again. The industry is offering more free online options for do-it-yourself tax...
Even the investment greats are not immune to the troubles plaguing the hedge fund industry. With months of poor returns and investor redemptions having hit many hedge funds across the industry, the biggest news out of the hedge fund world...
The housing bust is officially over, 10 years after it started. But like much else in the economy, the real-estate recovery has benefitted the wealthy more than others, with many ordinary folks still falling behind. A prominent gauge of home...
Senior EU officials fear allowing Britain to exit on its own terms could empower far-right candidates in France and Germany. European leaders have reportedly come to a 27-nation consensus that the UK must be forced into a hard Brexit in order to counter...
Donald Trump invoked China so much as a candidate that his mere pronunciation of the word became something of a craze. When he becomes president on Jan. 20, Trump will have the chance to take action against the country he blames the most for stealing...
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...
