Finance

NEW ORLEANS, July 9 (Reuters) – A federal appeals court panel grilled Democratic attorneys general on Tuesday about whether Obamacare violates the U.S. Constitution, as it weighs whether to uphold a Texas judge’s ruling striking down the landmark healthcare reform law. The judges focused on whether the 2010 Affordable Care Act lost its justification after […]

Ross Perot, who died Tuesday, has not been much in the news in the past few years. But his ideas surely have. His staunch opposition to the North American Free Trade Agreement in the 1990s found a powerful echo two decades later when Donald Trump ran for the presidency calling for a wall on the

News headlines might lead you to believe that millennials are striking out on a growing list of financial accomplishments: homeownership, paying off student loans — not to mention summoning the will to resist high-end coffee or avocado toast. When it comes to investing, they might have a point. Investment firm TD Ameritrade surveyed 1,519 people

Job openings posted by U.S. employers slipped 0.7% in May, while hires that month tumbled 4.4% in a sign that the job market may be cooling slightly. The Labor Department said Tuesday that employers posted 7.3 million jobs in May. They hired 5.7 million, down from the record 6 million achieved in April. The report

Major U.S. stock indexes were mixed in morning trading Tuesday, leaving the broader market little changed after a two-day losing streak. Wall Street got off to a weak start for the third straight day as it continued to pull back following a run of record highs last week. Investors have turned cautious as they look

Federal Reserve Chairman Jerome Powell said Tuesday that the Fed’s annual stress tests of the nation’s largest banks will need to evolve to keep pace with a changing financial system. Powell called the tests, which determine whether a bank could survive a severe economic downturn, one of the “most successful supervisory innovations” achieved in the

July 9 (Reuters) – Billionaire Richard Branson’s space-tourism venture, Virgin Galactic, plans to go public by the end of this year as part of a deal with a special purpose acquisition company (SPAC) created by venture-capital firms Social Capital and Hedosophia, the companies said on Tuesday. The SPAC, Social Capital Hedosophia Holdings Corp, will take a 49%

PepsiCo is reporting better-than-expected profit and revenue as the company continues its shift to healthier snacks and drinks under a new CEO. Organic revenue — which doesn’t include acquisitions — rose 4.5 percent, a slower pace than the first quarter. CEO Ramon Laguarta has said Tuesday that he expects that growth to continue to slow

Japan said Tuesday it does not plan to retract or renegotiate its stricter controls on high-tech exports to South Korea, a day after the South Korean president urged that the issue be resolved through diplomacy. Tokyo tightened the approval process for Japanese shipments of photoresists and other sensitive materials to South Korean companies last week.

Central bankers have a favorite mantra: Patch the roof while the sun is shining. But 10 years after the Federal Reserve worked alongside the European Central Bank and the Bank of Japan to bring the global economy back from the brink, their ability to prevent the next downturn is limited. Whether the world’s central banks