Finance

Asian shares were mixed Friday as turbulence continued on global markets amid ongoing worries about the U.S.-China trade conflict. Japan’s benchmark Nikkei 225 recouped early losses to gain 0.1% and finish at 20,418.81. Australia’s S&P/ASX 200 was little changed, inching down less than 0.1% to 6,405.50. South Korea’s Kospi fell 0.6% to 1,927.50, while Hong […]

If the threat of a recession gives you pause when it comes to your personal finances, remember now is a time to prepare, not panic. Worries about the economy increased this week when a fairly reliable recession warning emerged from the bond market. But without a crystal ball, it remains unclear when a recession might

Tapestry Inc.’s shares lost nearly a quarter of their value Thursday after the upscale handbag and fashion company said that it would have an unexpected drop in profit and revenue in the current quarter. The New York-based company, which owns the Coach, Kate Spade and Stuart Weitzman labels, said it expects its revenue in its

How fragile is the global economy? The U.S.-China trade war is weakening businesses in both countries, Germany’s economy shrank in the second quarter, and Britain appears headed for a disruptive exit from the European Union this fall. Those trends have hammered American manufacturers and caused global financial markets to plunge on fears that the world’s

WASHINGTON — Against the backdrop of mounting evidence that the global economy is weakening, President Trump is caught between his desire to pursue the trade war with China he promised to win and his need to keep the economy humming as the 2020 election approaches. That conflict explains some of the messaging from Mr. Trump

A whistleblower who warned regulators about Bernard Madoff’s Ponzi scheme is now accusing General Electric of misleading investors, sending the company’s stock on a downward spiral. Investigator Harry Markopolos accused GE on Thursday of engaging in accounting fraud worth $38 billion, saying the company is hiding massive losses and heading for bankruptcy. The issues he

The latest on developments in financial markets (all times local): 4 p.m. Stocks ended another roller-coaster day mostly higher on Wall Street, making up just a fraction of the ground they lost in a huge plunge the day before. Walmart was a standout Thursday, putting up a 6.1% gain after turning in solid results and

U.S. long-term mortgage rates remained near historically low levels this week against a backdrop of volatile financial markets around the globe. Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year loan was unchanged at 3.60%, its lowest level since November 2016. A year ago the rate stood at 4.53%. The average

Launching his Presidential bid last June, Donald Trump held up his financial statement to prove <a href=”https://www.washingtonpost.com/news/digger/wp/2015/06/19/you-may-not-take-donald-trumps-candidacy-seriously-but-take-another-look-at-his-real-estate-business/” target=”_blank”>he had assets worth a total of $9 billion.</a> <br><br> In a tasteless boast, Trump went on to reveal he refused a bank’s loan of $4bn. <a href=”https://www.washingtonpost.com/news/digger/wp/2015/06/19/you-may-not-take-donald-trumps-candidacy-seriously-but-take-another-look-at-his-real-estate-business/” target=”_blank”>He said:</a> “I don’t need it. I don’t want it.

The financial world has been atwitter about the inversion of the yield curve. It is a phenomenon in the bond market in which longer-term interest rates fall below shorter-term interest rates, and has historically been a warning sign that a recession could be on the way. This all seems obvious to people who are steeped