The World Economic Forum in Davos opens with US-China contest as ‘the key problem of our time’

The World Economic Forum in Davos opens with US-China contest as ‘the key problem...

As for President Trump, he has expressed increasing concern about how his trade dispute with China is dragging down markets. For the moment, administration insiders say Trump is siding more with Treasury Secretary Steve Mnuchin's penchant for deal-making, rather than U.S. Trade Representative Robert Lighthizer's harder line approach, that seeks more fundamental changes in how…
CEO Mike Manley’s bumpy first six months at the helm of Fiat Chrysler following Marchionne’s unexpected death

CEO Mike Manley’s bumpy first six months at the helm of Fiat Chrysler following...

"It's been a bumpy year," said Manley, as he settled into a chair in a small conference room at the back of Fiat Chrysler's auto show display. And circumstances are forcing him to reexamine a number of elements from the plan Marchionne outlined, including the pace at which Fiat Chrysler migrates from conventional, internal combustion…
Democratic presidential hopefuls commemorate the Martin Luther King Jr. holiday

Democratic presidential hopefuls commemorate the Martin Luther King Jr. holiday

Harris, a first-term senator and former California attorney general known for her rigorous questioning of Trump's nominees, opened the holiday by declaring her bid on ABC's "Good Morning America." She abandoned the formality of launching an exploratory committee, instead going all in on a presidential campaign. "I love my country," she said when asked what…
A pessimistic population means ‘Yellow Vest’ protests could become more mainstream, new survey warns

A pessimistic population means ‘Yellow Vest’ protests could become more mainstream, new survey warns

Benoit Tessier | Reuters A protester waves a French flag during clashes with police at a demonstration by the "yellow vests" movement in Paris, France, December 8, 2018.  France has seen repeated street and violent protests over the last two months – a scenario that could become more mainstream worldwide, the Edelman Trust Barometer Report…
Europe should stand up and compete, not blame China

Europe should stand up and compete, not blame China

To my knowledge, Italians have never complained about trade. They always find ways to get in. At the time when the U.S. was raising hell about trade with Japan in late 1980s/early 1990s, fashionable boutiques, restaurants and food shops around Tokyo's Ginza and Omotesando were full of Italian merchandise. Germany and France are very different…
Here’s where things stand two years into Trump’s presidency

Here’s where things stand two years into Trump’s presidency

Trump frequently takes credit for the country's economic growth, but some are benefiting more than others and there are signs of slowing. Unemployment has hit historical lows, falling from 4.7 percent percent in January 2017 to 3.9 percent last December. Wages, however, have been slow to catch up. While the S&P 500 has risen roughly…
One week in, here’s what we’ve learned from earnings season

One week in, here’s what we’ve learned from earnings season

Earnings are shaping up to be better than people expected. Or at least, they're not as bad as feared. Big banks struggled in bond trading in the fourth quarter but posted strong results in consumer businesses and solid credit quality, an indicator that American households are doing well. Few companies reported seeing collateral damage related…
TSA calls in backup officers as absences of unpaid airport screeners rise

TSA calls in backup officers as absences of unpaid airport screeners rise

Elijah Nouvelage, Reuters Long lines are seen at a Transportation Security Administration (TSA) security checkpoint at Hartsfield-Jackson Atlanta International Airport amid the partial federal government shutdown, in Atlanta, Georgia, U.S., January 18, 2019. The Transportation Security Administration has been calling in officers that usually help with staffing shortages during natural disasters to compensate for a…
Do you know your net worth?

Do you know your net worth?

What's your net worth? Even if you don't fly on private jets or play polo, this simple equation is an important tool that says a lot about your financial health. Still, most people don't bother to calculate it. That's a mistake. "It's the first snapshot into an overall look at your finances," said Michael LaRiviere,…
America’s wealthy aren’t acting like they believe we’ve seen the market bottom

America’s wealthy aren’t acting like they believe we’ve seen the market bottom

"I don't think these responses show that a bottom has been reached," Loewengart said of E-Trade's latest survey. "We would see it in the asset allocation question and we not seeing it," he said, pointing to findings in the survey that show the majority of investors with $1 million or more in their accounts are…

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