Finance

Consider that the top 1 percent of earners in the United States score one-third of a standard deviation (or 5 IQ points) above the average adult on cognitive and workplace skills — measured from an assessment of adults by the Organization for Economic Cooperation and Development. Not bad, but not that unusual, either: Roughly 45 […]

Global stock markets lower amid uncertainty about possible progress in U.S.-China trade talks By JOE McDONALD AP Business Writer November 8, 2019, 9:06 AM 3 min read Global stock markets mostly declined Friday amid uncertainty about a possible U.S.-Chinese agreement to roll back tariffs in their trade war. Tokyo rose after Beijing said Thursday the

Honda has recorded a 6.7% decline in quarterly profit as vehicle and motorcycle sales slipped and an unfavorable exchange rate hurt earnings By YURI KAGEYAMA AP Business Writer November 8, 2019, 7:21 AM 2 min read Honda recorded a 6.7% decline in July-September profit as vehicle and motorcycle sales slipped and an unfavorable exchange rate

US-China contracts again in October despite optimism about possible deal aimed at ending tariff war that threatens global economic growth By JOE McDONALD AP Business Writer November 8, 2019, 5:05 AM 2 min read U.S.-Chinese trade contracted again in October, despite optimism about possible progress in talks aimed at ending a tariff war that threatens

The Interior Department is proposing to award a contract for federal water in perpetuity to a powerful water district that used to employ Secretary David Bernhardt as a lobbyist By ELLEN KNICKMEYER Associated Press November 8, 2019, 2:47 AM 3 min read The Interior Department is proposing to award one of the first contracts for

Michael Bloomberg, the billionaire former mayor of New York City, is opening the door to a 2020 presidential campaign By JULIE PACE AP Washington Bureau Chief November 8, 2019, 1:11 AM 5 min read Michael Bloomberg, the billionaire former mayor of New York City, is opening the door to a 2020 Democratic presidential campaign, warning

Rogue employees pilfering data and spying across networks have long plagued governments and corporations. But in this burgeoning age of social networks, where people entrust real-time location and other personal data to a handful of companies, the stakes have become immeasurably higher. Allegations that two former Twitter employees spied on opponents of the Saudi government

A judge in New York orders President Donald Trump to pay $2 million for misusing his charitable foundation By MICHAEL R. SISAK Associated Press November 7, 2019, 8:41 PM 4 min read A judge Thursday ordered President Donald Trump to pay $2 million to an array of charities as a fine for misusing his own

The Latest on Pacific Gas & Electric Co.’s quarterly earnings (all times local): 11 a.m. Pacific Gas & Electric is estimating it will cost the bankrupt utility $65 million to credit the 738,000 customers whose power was shut off last month to minimize the chances its outdated electricity lines would ignite a fire. The San

Over the course of a lifetime, many people accumulate assets that their loved ones might not know about, including banks accounts, retirement funds, insurance claims and Treasury bonds. No government agency tracks the value of all unclaimed assets throughout the country, but independent estimates say the number might run as high as $80 billion. Here