Latest News

Posted: 2019-05-23 09:02:00
At a time of low unemployment for African Americans, educated, well-connected professionals are starting new lives in cities such as Charlotte, N.C.
Posted: 2019-05-22 09:01:27
American farmers rely heavily on selling their goods overseas. As the trade war heats up again, many Midwest soybean farmers have huge surpluses and are receiving government aid.
Posted: 2019-05-21 09:01:00
A new poll from NPR, Harvard and the Robert Wood Johnson Foundation gives a glimpse into rural life in America today, finding that many people living in rural communities live on the edge financially.
Posted: 2019-05-20 09:00:51
America Is In Full Employment, So Why Aren't We Celebrating?
U.S. unemployment is at a nearly 50-year low. The jobless rate for Hispanics has never been lower. The past two years have been the best job market ever for African Americans. Shouldn't we be...
Posted: 2019-05-17 09:02:00
Boeing Moves A Step Closer To Resolving 737 Max Problems
Boeing says it has completed development of a software fix for its trouble 737 Max planes, addressing a flight control system that investigators have implicated in two recent deadly crashes.

Posted: 2019-05-23 18:39:43
Zara owner Inditex said it would split its dual role of chief executive and chairman, leaving Pablo Isla to lead the company and appointing Carlos Crespo as new CEO in a sign of the importance...
Posted: 2019-05-23 18:33:01
The newest round of U.S. tariffs on Chinese imports will cost the typical American household $831 annually, researchers said on Thursday, as the Trump administration came under growing political...
Posted: 2019-05-23 18:31:34
Deutsche Bank is planning cuts at its U.S. equities business, including prime brokerage and equity derivatives, to win over shareholders unhappy about its performance, four sources familiar with...
Posted: 2019-05-23 18:27:43
Trump administration announces $16 billion farm aid plan to offset trade war losses
The Trump administration on Thursday unveiled a $16 billion farm aid package to offset losses from a 10-month trade war with China and said payment rates to farmers would be determined by where...
Posted: 2019-05-23 18:27:02
Trade uncertainties big downside risk, Fed officials say
Uncertainty over U.S.-China trade, including how long recently increased tariffs will stay in place and if and how trade tensions will get resolved, is holding businesses back from investments...
Posted: 2019-05-23 18:25:24
Pompeo says Huawei CEO lying over ties to China government: CNBC
U.S. Secretary of State Mike Pompeo said on Thursday the chief executive of China's Huawei Technologies was lying about his company's ties to the Beijing government, and he believed more American...
Posted: 2019-05-23 17:54:18
Zara owner Inditex splits off CEO role, Isla stays in charge
The world's biggest clothing retailer Inditex said on Thursday it would split its current dual role of chief executive and chairman, leaving Pablo Isla leading the company as chairman and appointing...
Posted: 2019-05-23 17:34:39
U.S. home sales, manufacturing stumble; job market resilient
Sales of new U.S. single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing activity hit its lowest level in almost a decade in May, suggesting a sharp...
Posted: 2019-05-23 17:31:43
Exclusive: U.S. airlines expect Boeing 737 MAX jets need up to 150 hours of work before flying again
Once regulators approve Boeing Co's grounded 737 MAX jets for flight, each aircraft will likely require between 100 and 150 hours of preparation before flying, officials from the three U.S. airlines...
Posted: 2019-05-23 17:27:59
Exclusive: Operator of Venezuelan PDVSA's fleet seeks to detain tankers: document, sources
German shipping firm Bernhard Schulte Shipmanagement (BSM) has moved to legally detain three of Venezuelan PDVSA's oil tankers to collect on late payments owed to it by the state-run oil company,...

Posted: 2019-05-23 14:44:33
Billionaire David Tepper plans to turn his hedge fund Appaloosa Management into a family office where he will invest his personal fortune and return capital to outside clients at some point,...
Posted: 2019-05-23 10:07:29
Why does the word “old” come to mind for so many of us when the topic of Social Security comes up?  
Posted: 2019-05-22 18:53:17
Investors continued a four-week long retreat from the U.S. stock market last week by unloading a net of nearly $9.6 billion in assets from domestic mutual and exchange-traded funds, according...
Posted: 2019-05-21 15:54:30
'Toxic cocktail' brewing for U.S. asset managers: hedge fund investor Kass
Hedge fund investor Doug Kass said on Tuesday that he is shorting several investment managers, including T. Rowe Price Group Inc and Franklin Resources Inc, as they could be "the next group to...
Posted: 2019-05-21 10:05:01
Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope
From submitting their fingerprints to giving up their tax records, Wells Fargo & Co's next chief executive will go through a vetting process that could rival that of top U.S. government officials.
Posted: 2019-05-20 19:09:04
Exclusive: Elliott Management opposes airline Azul on Avianca Brasil bankruptcy plan
U.S. hedge fund Elliott Management is opposing a new plan by Brazilian airline Azul SA to purchase some of the routes operated by financially troubled rival Avianca Brasil for $145 million, according...
Posted: 2019-05-17 22:10:50
Your money: Cosigning a student loan? Be prepared to pay
(This May 16 story corrects 10th paragraph to clarify that 96% of cosigns are for undergraduate loans.)
Posted: 2019-05-17 16:12:45
Philly refiner defers retirement fund payments to employees: letter
Philadelphia Energy Solutions will defer retirement payments to union members until next year, the company said in a letter to the union last week, the latest sign the refiner is struggling to...
Posted: 2019-05-17 14:08:09
Investors shun equities, pile into bonds in past week: BAML
Investors are neither extremely bullish nor bearish, according to Bank of America Merrill Lynch's gauge of market sentiment, as they weigh the impact of trade tensions between the United States...
Posted: 2019-05-16 21:07:10
U.S.-based equity funds post $12.27 billion outflows amid U.S.-China trade tensions
Investors rattled by lingering trade tensions between the United States and China pulled $12.27 billion from U.S.-based equity funds in the week ended Wednesday, according to data released by...