ECB President Christine Lagarde said the economy was facing a “major shock” and that the central bank measures unveiled Thursday were “almost surgically” targeted at areas where monetary policy could help.
By David McHugh, Associated Press
Stocks kept falling Friday and bond yields took more breathtaking drops as a brutal, dizzying couple weeks of trading showed no sign of letting up.
By Stan Choe, Damian J. Troise, Associated Press
Spending less and saving more is often at the top of list when Americans make their New Year’s resolutions.
By Gretchen Frazee
U.S. Treasury Secretary Steven Mnuchin said Saturday that the overall U.S. economy has not been harmed by the trade battles set off by President Donald Trump's get-tough policies although some individual sectors have been hurt.
By Victor Caivano, Associated Press
The Trump administration has made it clear that it plans to roll back the once-tough approach of the Consumer Financial Protection Bureau, which was born out the 2008 financial crisis, and intended to be a federal watchdog cracking down on…
By Paul Solman
How do you drive investors to spend money on cutting-edge cancer treatments? One idea, according to economist Andrew Lo, is to sell securities in a megafund of research projects. Economics correspondent Paul Solman explores how financial engineering could be the…
By Mihir A. Desai
The cold calculus and material emphasis of finance seems about as far removed as one can imagine from the arts. And yet, many great writers and artists were tied to finance vocationally. Can you guess who?…
By Mihir A. Desai
“We are all insurance companies.” This odd dictum, from the famous American philosopher Charles Sanders Peirce, may serve us well as we struggle to find the best path forward in the health insurance debate.
By Martin Crutsinger, Julie Bykowicz and Julie Pace, Associated Press
Steven Mnuchin has had a long history as a successful financial executive and a period as head of Trump's campaign finance operation.
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