Finance

“The motivation for most discounting is survival,” said Jim Galbally, a senior consultant at AAL, a higher education consulting firm. “They are using the discount rate as a way to increase enrollment.” Mr. Galbally added that tuition accounted for more than 80 percent of the revenue at most colleges, “so every student really matters.” Whether […]

Did you hear the one about a top Trump administration official praising Representative Alexandria Ocasio-Cortez, the liberal firebrand from the Bronx? You may be waiting for a punch line. But this is not a joke. Lawrence Kudlow, director of President Trump’s National Economic Council, singled out Ms. Ocasio-Cortez for praise recently — an unusual and

Global shares were mixed Friday as investors bought back stocks following gains on Wall Street, although worries about a trade dispute between the U.S. and China remained. France’s CAC 40 slipped 0.3% to 5,370.04 in early trading, while Germany’s DAX lost 0.4% to 11,796.38. Britain’s FTSE 100 dipped 0.3% to 7,261.26. U.S. shares were set

HONG KONG — Antigovernment protesters on Friday swarmed Hong Kong’s international airport, taking aim at both a global transit hub and the city’s closely guarded reputation for order and efficiency. The protest in the airport’s arrival hall, which is planned to last through Sunday, comes as Hong Kong reels from its worst political crisis since

Luxury gym Equinox and indoor cycling studio SoulCycle are facing a backlash from some members and celebrities over a fundraiser being held for President Donald Trump by a company executive. Stephen Ross, chairman and founder of real estate development company The Related Cos., which owns Equinox and SoulCycle, is throwing the Trump fundraiser on Friday

SAN FRANCISCO — Uber set two dubious quarterly records on Thursday as it reported its results: its largest-ever loss, exceeding $5 billion, and its slowest-ever revenue growth. The double whammy immediately renewed questions about the prospects for the company, the world’s biggest ride-hailing business. Uber has been dogged by concerns about sluggish sales and whether

Wall Street’s anxiety over the Trump administration’s trade war with China could herald lower mortgage rates for homebuyers, but a chronic shortage of houses for sale will keep prices high. Investors fearful that the trade war could sharply slow global economic growth have been buying bonds, sending the yield on the 10-year Treasury note to

President Trump has loudly and increasingly complained that the Federal Reserve is hurting the economy on his watch by keeping interest rates too high. “No help from Fed!” he said on Twitter last week, in what has become a typical broadside against the central bank. But Fed officials have supported economic growth to an unusual

Kraft Heinz released its second quarter earnings report delayed by accounting problems and revealed continued fall-out related to those issues on top of weak sales. The company that makes Oscar Mayer hot dogs, Kool-Aid, Heinz ketchup and Velveeta took charges in excess of $1 billion in the first half due in part to the “perceived

U.S. long-term mortgage rates fell sharply this week, with the benchmark 30-year loan touching its lowest level since November 2016. Financial markets around the globe have been whipsawed by anxiety over the U.S.-China trade war, sending investors fleeing from stocks to the safety of bonds and pushing bond interest-rates to record lows. Mortgage buyer Freddie