admin August 23, 2019

Amy Wang and her husband spent hundreds of hours trying to straighten out their financial futures after falling prey to identity theft. Now she wants other would-be victims to learn from her experience. Amy, a 50-year-old occupational therapist in Miami, says she and her husband, Michael Wang, started receiving credit-card denials and store credit cards […]

admin August 23, 2019

FOR A CASE study in the complexity of transitions from central planning, consider the knotty mess that is China’s interest-rate system. More than 40 years after Mao Zedong died, the country is an economic superpower, yet it still struggles to manage bank lending using interest rates, rather than through heavy-handed interventions such as credit quotas. […]

admin August 23, 2019

AFP/Getty Images Negative-yielding debt? You mean I pay to hold it? Bonds with negative yields sound like be awful investments. So why are investors piling into bond ETFs? Nicholas Colas, Co-founder of DataTrek Research, mused on that question in a research note out Thursday. “The short answer is that negative yielding bonds still pay […]

admin August 22, 2019

Bloomberg News/Landov Dallas Fed President Robert Kaplan stressed that risk management is a key consideration for him going forward. Dallas Fed President Robert Kaplan said Thursday he was open-minded about the possibility of more interest-rate cuts in coming months, as a way to manage downside risks. “The Fed may have a role to play” […]

admin August 22, 2019

SHAWNEA ROSSER earned upwards of $29 an hour when she worked for General Motors in Dayton, Ohio. But in 2008 the factory closed. Years later the building was bought by Fuyao Group, a Chinese multinational company that makes glass. The new American managers promised that the “historic” project would “give people jobs, and give a […]

admin August 22, 2019

TIDJANE THIAM is not the first non-Swiss chief executive of Credit Suisse. His American predecessor, Brady Dougan, held the job for eight years. But Mr Dougan was an insider, having been at the firm for ages. Mr Thiam was anything but. A citizen of France and Ivory Coast, where he was a government minister in […]

admin August 22, 2019

Reuters Britain’s Prime Minister Boris Johnson waves as he prepares to leave next to German Chancellor Angela Merkel after a meeting at the Chancellery in Berlin, Germany August 21, 2019. British stocks ambled lower on Thursday after signs emerged the Federal Reserve isn’t rushing to cut interest rates, as a German trip by U.K. […]