Finance

“There’s a whole neoliberal agenda,” she said, referencing the received free-market wisdom that cutting public budgets spurs economic growth. “And then the way that traditional theory has fomented it or not contested it — there’s been kind of a strange symbiosis between mainstream economic thinking and stupid policies.” Dr. Mazzucato takes issue with many of […]

US home prices have increased 2.1% from a year ago, as affordability challenges limit price growth By JOSH BOAK AP Economics Writer November 26, 2019, 2:02 PM 1 min read U.S. home prices increased modestly in September from a year ago, as roughly seven years of rising home values have hurt affordability. The S&P CoreLogic

Top U.N. environment officials say countries have procrastinated for too long and should start making steep cuts in greenhouse gas emissions immediately, or risk missing agreed targets for limiting global warming By JAMEY KEATEN and FRANK JORDANS Associated Press November 26, 2019, 10:22 AM 4 min read Countries have procrastinated for too long and need

Global shares are mixed after China said its top trade envoy and other senior officials spoke by phone with U.S. negotiators By YURI KAGEYAMA AP Business Writer November 26, 2019, 8:47 AM 3 min read Global shares were mixed Tuesday after China said its top trade envoy and other senior officials spoke by phone with

Westpac CEO to step down over money-laundering scandal November 26, 2019, 3:59 AM 1 min read The chief executive of Australia’s second biggest bank plans to resign following accusations Westpac committed 23 million breaches of anti-money laundering and counterterrorism financing laws. The financial crime regulator AUSTRAC is pursuing Westpac in the Federal Court for allegedly

E-commerce giant Alibaba’s shares jump 7% in Hong Kong debut November 26, 2019, 5:52 AM 3 min read Chinese e-commerce giant Alibaba’s shares jumped more than 8% in their debut on the Hong Kong stock exchange on Tuesday, an auspicious start at a time when the former British colony is reeling from political unrest. By

Asian shares are rising after a surge on Wall Street prompted by China’s new guidelines for the protection of patents and copyrights By YURI KAGEYAMA AP Business Writer November 26, 2019, 3:17 AM 3 min read Asian shares were mixed after an upbeat start Tuesday on optimism over U.S.-China trade talks, prompted by Beijing’s new

Powell: Solid economy but tame inflation allows low rates By CHRISTOPHER RUGABER AP Economics Writer November 26, 2019, 12:50 AM 3 min read Federal Reserve Chairman Jerome Powell on Monday sketched an optimistic view of the economy but signaled that continued low inflation means higher interest rates won’t likely be necessary anytime soon. Powell said

But it is a change from the Fed’s consensus view, even in the recent past. As unemployment dropped to a 50-year low and wages gradually climbed, officials thought that the labor market must be approaching full employment. They lifted borrowing costs nine times between late 2015 and late 2018 to prevent a tight job market

Britain’s most senior Jewish religious leader stepped into Britain’s election campaign Monday, saying the country’s main opposition leader has allowed the “poison” of anti-Semitism to take root in his party. Chief Rabbi Ephraim Mirvis, spiritual leader of the U.K.’s Orthodox Jews, said that “the very soul of our nation is at stake” in the Dec.