DIVINING meaning in the Trump administration’s trade announcements is a thankless task. No sooner does a policy seem settled than it is thrown up in the air once more. On May 23rd, days before a scheduled meeting with the European Union and Japan on a joint trade strategy and in the middle of talks to […]
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THE baroque era in Turkish architecture lasted deep into the 19th century, leaving behind lavish buildings, such as the Lily Mosque in Istanbul and waterside pavilions that seem to float on the Bosphorus. The baroque period in Turkish monetary policy will last until June 1st, when the central bank will simplify its equally ornate monetary-policy […]
Read moreEuropean leaders may be scratching their heads because they’ve never seen anyone like President Donald Trump, CNBC’s Jim Cramer said Thursday. “The Europeans don’t know what to do. I think they’re a little taken by surprise,” said Cramer, referring to the Trump administration’s decision Thursday to impose 25 percent steel and 10 percent aluminum import […]
Read moreCommerce Secretary Wilbur Ross said Thursday that stock markets will “adjust” to any changes in U.S. trade relations. “A 170-[point decline] is not very cataclysmic in any event,” Ross said Thursday on CNBC’s “Squawk on the Street.” “Naturally, if the market, to the degree it was surprised, it’ll have to adjust to that. But markets […]
Read moreThe larger the lottery reward a lucky gambler collects, the more likely his or her neighbors are to file for bankruptcy, according to a new working paper from the Philadelphia Federal Reserve that sought to find analytical backing for the “keeping up with the Joneses” theory. The research found that social pressure to compete with […]
Read moreCurrency, United States Finance
The European Commission (EC) has angrily reacted to news that the United States will impose steel and aluminum tariffs on Canada, Mexico and the European Union (EU). U.S. Commerce Secretary Wilbur Ross announced at a news briefing Thursday that tariffs of 25 percent on steel imports and 10 percent on aluminum imports will take effect […]
Read moreIt’s been quite a month for @Jack. Twitter, which Jack Dorsey co-founded in 2006, has jumped 14 percent in May, a month in which the S&P 500 has gained just 2.6 percent. Square, the payments company that Dorsey launched three years later, has performed even better, surging nearly 24 percent for the month to a […]
Read morePotential homebuyers out shopping in April may have been spooked by a sharp rise in mortgage interest rates. Pending home sales, which measure signed contracts to buy existing homes, fell a wider-than-expected 1.3 percent compared to March, according to the National Association of Realtors. It was the third lowest level of the past year. Pending […]
Read moreThe Trump administration will put tariffs on steel and aluminum imports from Canada, Mexico and the European Union, the latest action in a string of protectionist policies to crack down on alleged trade abuses. The tariffs of 25 percent on steel imports and 10 percent on aluminum imports will take effect at midnight Thursday, Commerce […]
Read moreCurrency, United States Finance
Gender equality in the workplace may be showing signs of improvement, but a report published Thursday has revealed just how much is left to be done. The study, backed by the British government, revealed 10 of the “worst explanations” that researchers heard given for not employing women to the boards of the U.K.’s largest companies. […]
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