The renewable-energy boom is here. Trillions of dollars will be invested over the next 25 years, driving some of the most profound changes yet in how humans get their electricity. That's according to a new forecast by Bloomberg New Energy Finance that...
But he says there is still uncertainty about whether labor market will keep improving. U.S. central bankers are still likely to start raising interest rates this year if the labor market improves further, though the jobs outlook has become more...
BEIJING—China is stepping up monetary-easing measures in the face of a worse-than-expected economic slowdown, as authorities scramble to ease the heavy debt burdens of companies and governments. The People’s Bank of China said Sunday it would shave a quarter of...
Tumbling interest rates in Europe have put some banks in an inconceivable position: owing money on loans to borrowers. At least one Spanish bank, Bankinter SA, the country’s seventh-largest lender by market value, has been paying some customers interest on mortgages by deducting...
Greece is drawing up drastic plans to nationalise the country's banking system and introduce a parallel currency to pay bills unless the eurozone takes steps to defuse the simmering crisis and soften its demands. Sources close to the ruling Syriza...
Retirement plan advice is at a turning point, and this special report explores the biggest issues and changes facing the industry today. Investment News
...The euro has fallen to its lowest level against the US dollar in 12 years after the European Central Bank (ECB) began its government bond buying programme. It fell as low as $1.0560, before recovering a little. But many traders...
Federal Reserve Chair Janet Yellen struck a decidedly dovish tone in indicating that it would be a while before the central bank's Open Market Commmittee makes a move on interest rates. The central bank chief said caution would be used...
Here comes “America Saves Week,” when consumers are deluged with surveys and advice about saving. And no one's going to argue that putting more money away—for a child’s education, for a comfortable retirement, for a rainy-day fund—isn't an important goal....
Germany and its allies turned up the pressure on Greece to accept their conditions to stay in the euro as the region’s top finance officials descended on Brussels to hammer out a deal. An agreement on extending Greece’s bailout program,...
Pimco said on Friday Paul McCulley had stepped down as chief economist and as a managing director, a role he had assumed in May at the request of Bill Gross, who was the firm's chief investment officer at the time....
The Obama administration said Friday it would allow people to sign up for plans on HealthCare.gov through April, and at the same time acknowledged it had sent some 800,000 people incorrect tax statements about their coverage in 2014. The announcement about the...
Euro-area finance ministers reached an accord that would keep bailout funds flowing to Greece in return for a commitment to meet certain conditions, buying time to work out the detail of longer-term Greek financing. Talks in Brussels between officials from...
A report citing anonymous sources claims the tech giant is looking to build its first electric car within five years. Reports last week that Apple is secretly developing an electric car triggered a frenzy of speculation in the tech and auto industries....
As the job market gains steam, Federal Reserve Chair Janet Yellen faces a massive challenge to adjust her monetary levers just right: She wants to keep the recovery going without stoking a bubble or spurring inflation. It's a delicate balance...
