Global Economy

admin August 21, 2018

Brexit has already slammed the pound once. It could happen again. The currency would be put under severe pressure if Britain crashes out of the European Union next year without striking a deal on trade, according to analysts. “The day after the UK voted for Brexit, the pound suffered the biggest single day loss for […]

admin August 21, 2018

Coal is dying because of dirt-cheap natural gas. The rise of renewable energy isn’t helping. President Donald Trump is set to announce this week an effort to prop up coal by replacing Obama-era carbon emission policies known as the Clean Power Plan, according to The Washington Post and The New York Times. But the regulatory […]

admin August 20, 2018

After eight years and roughly $330 billion in loans, Greece is putting bailouts behind it. The country on Monday officially exited the last of the three enormous rescue programs that saved it from going bust and abandoning the euro. But the bailouts from the International Monetary Fund, the European Central Bank and the European Commission […]

admin August 16, 2018

The gold rush is on in Texas, and Big Oil is scrambling for a piece of the action. The oil industry is shelling out billions of dollars in a series of acquisitions in the Permian Basin, the hottest oilfield in the world. The latest deal came on Tuesday when Diamondback Energy (FANG) agreed to purchase […]

admin August 15, 2018

UK government efforts to rein in CEO pay haven’t made much of a dent. The median pay for chief executives of the 100 most valuable companies on the London Stock Exchange increased 11% last year to £3.9 million ($5 million), according to a new report. That compares to a median raise of just 2% for […]

admin August 15, 2018

Macy’s same store sales weren’t good enough to keep its momentum going. The department store has been one of the hottest stocks on Wall Street lately. Its shares have more than doubled in the past 12 months. But the stock deflated like a balloon at the end of the Macy’s Thanksgiving parade and plummeted nearly […]

admin August 15, 2018

LAST month Nick Rowe had a bad dream. It was five minutes before the first class of the autumn term at Carleton University in Ottawa, where he has long taught macroeconomics. But he could not find the classroom. Then he woke up and remembered with relief that he had just retired. Learning macro is a […]

admin August 15, 2018

Whenever he wants to see his old house, Nezam Juman walks to the edge of his waterfront property and peers around the river’s bend. He can just see the roof behind some trees. It was his dream home, paid for with a cash-out refinance just as housing prices were peaking in Fort Myers, Florida. “I […]

admin August 14, 2018

COMPARED with equity investing, bond investing can seem stuck in the dark ages. As hedge funds and asset managers use whizzy algorithms to trade shares automatically, bond-fund managers still often call traders by phone. So when new investing strategies do arise, they make an even bigger splash. “Factor” investing is the latest example. This is […]

admin August 14, 2018

American oil refineries are running full tilt to meet insatiable demand for gasoline and diesel at home and abroad. Refineries processed a record-high 18 million barrels of crude per day in early July, according to government statistics. Full-year refinery activity is expected to hit a record in 2018 for the second year in a row. […]