Economy

The biggest bank merger since the crisis may herald more

  GIANT BANKS are made, not born. Today’s American behemoths were formed by a dizzying series of deals in the

Retail Sales Fall the Most in Nearly 10 Years, Curbing Economic Optimism

Maybe last year’s holiday wasn’t quite as good as it seemed. U.S. retail sales in December were down 1.2%, the

Record Earnings, Good Economy—So Why Are the Big Banks Cutting Back?

Last month, Wall Street’s major banks celebrated robust quarterly earnings virtually across the board. Even before Morgan Stanley disclosed comparatively

Bank Mergers Are Happening Faster Under the Trump Administration, But is That a Good Thing?

Bank mergers are occurring faster under the Trump administration, but that might not be the best news. Mergers are moving

Bill Gates Has Some Harsh Words for Alexandria Ocasio-Cortez’s Tax Plan

Bill Gates says he’s fine with the idea of higher taxes for the rich, but plans like the one being

India’s January retail inflation rate drops to 2.05 percent

 India’s retail inflation rate dropped to 2.05 percent in January from a year earlier, lowest since June 2017, government data

Paul Krugman Believes a Recession Is Coming This Year or Next

The Nobel Prize-winning economist Paul Krugman has added his two cents to the debate over whether a recession is coming.

How Venezuela turns its useless bank notes into gold

 Venezuela’s most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps

U.S. Senator Warren launches 2020 campaign, sounds note of economic equality

U.S. Senator Elizabeth Warren, struggling to move past criticism over her claims of Native American heritage, aimed for a fresh

A bold new plan to tackle climate change ignores economic orthodoxy

  AS DEALS GO, the New one was a big one. Franklin Roosevelt’s plan to yank America out of depression