Finance

Ford and Mahindra are joining forces to expand the American automaker’s presence in India and develop electric vehicles for emerging markets. Ford will transfer some operations in India to the joint venture, which is valued at $275 million and expected to be operational by 2020. Mahindra will own a 51% controlling stake, with Ford owning […]

A surprise contraction in U.S. manufacturing last month knocked the stock market lower Monday morning, erasing an early rally. The report from the Institute for Supply Management heightened concerns that the U.S.-China trade war is slowing down economic growth. The feud has also been sapping business confidence and prompting companies to hold off on investing

Charles Schwab is dropping commissions for online trading of U.S. stocks and exchange-traded funds, the latest slash in an industry battle that’s drastically cut the cost of investing. Tuesday’s announcement sent shares of other brokerages plummeting. TD Ameritrade lost 21% in morning trading, on pace for its worst day in 13 years. E-Trade Financial lost

“It is a complete scam,” said Alexander Bachuwa, a frequent traveler and consumer lawyer in Puerto Rico who writes the Points of Life travel blog. He advises using a currency app on your phone to estimate charges instead. Just say no to conversions. Always pay in the local currency for the lowest cost to you.

As a child, I imagined that I would grow up to become the kind of savvy financial wizard who traded stocks and bonds from his top-floor corner office with a swagger that could be mistaken for arrogance. I didn’t necessarily want to be rich, or even affluent, so much as I wanted to behave and

Inflation in the 19-country eurozone eased in September, largely due to cheaper energy prices. Statistics agency Eurostat said Tuesday that the annual inflation rate eased to 0.9% in September from 1.0% in August. Low inflation can be a sign of economic weakness and has been a concern for officials at the European Central Bank, whose

Shares rose in Asia on Tuesday, with markets in Hong Kong and Shanghai closed for a national day holiday. The Reserve Bank of Australia followed the lead of the Federal Reserve and other central banks in cutting its key interest rate, to a record low 0.75%. Sydney’s S&P ASX 200 jumped 0.8% to 6,741.10. Japan’s

Congress didn’t unconstitutionally penalize Democratic-leaning states when it imposed a cap on federal deductions for state and local taxes, a federal judge ruled Monday. The 2017 federal tax law, which President Trump signed after a party-line vote in Congress, limited to $10,000 the state and local tax payments that families can write off on their

Small and mid-sized businesses are having a harder time getting credit and that’s having an impact on their plans to hire. Those are findings of a quarterly survey of small businesses released Monday by Pepperdine University’s Graziadio School of Business and Management and Dun & Bradstreet Corp. The third-quarter survey questioned 752 small and mid-sized

Stocks moved broadly higher in early trading Monday as investors moved closer to wrapping up a highly volatile quarter in which the market was buffeted by swings in the U.S.-China trade war. Technology stocks led the early gains. Apple rose 1.3%. Product and chipmakers have been among the most sensitive to developments in the trade