Mitsubishi Motors Corp. shareholders approved on Friday the ouster of Carlos Ghosn, who was pivotal in the Japanese automaker’s three-way partnership with Nissan and Renault until he was arrested on financial misconduct charges last year. The vote took place in a 2-hour general meeting of shareholders at a Tokyo hotel, with approval shown in clapping […]
Mitsubishi Motors shareholders approve ouster of Ghosn Read More »
Why is the stock market so happy and the bond market so gloomy? Just as the S&P 500 was setting a record high Thursday, bond yields were tumbling to their lowest levels since Donald Trump was elected. The yield on the 10-year Treasury, which influences rates for mortgages and other loans, dropped below 2% at
Q&A: Stocks soar while bonds are signaling gloom. What’s up? Read More »
Is the Fed chair also protected from arbitrary removal? This is not clear. In the statute, the phrase that forbids a president to fire the seven Fed governors without cause is attached to a sentence that sets their terms at 14 years. This sentence traces back to the original 1913 law that created the Fed,
Does Trump Have the Legal Authority to Demote the Federal Reserve Chairman? Read More »
Why is the stock market so happy and the bond market so gloomy? Just as the S&P 500 was setting a record high Thursday, bond yields were tumbling to their lowest levels since Donald Trump was elected. The yield on the 10-year Treasury, which influences rates for mortgages and other loans, dropped below 2% at
Q&A: How can stocks cheer while bonds can’t find a friend? Read More »
China warned Thursday that threats and tariffs will not resolve trade tensions between the two biggest economies and blasted Republican Sen. Marco Rubio for his criticism of technology giant Huawei over patents. Interested in China? Add China as an interest to stay up to date on the latest China news, video, and analysis from ABC
China rejects threats, tariffs as way to resolve trade war Read More »
Energy stocks have gone along with oil prices on a wild ride this quarter. Oil prices steadily rose through April and then sank as the trade war between the U.S. and China escalated and threatened global economic growth. More recently, rising tensions between the U.S. and Iran have pushed prices higher. After hitting a high
Energy stocks swing with economic signals, Mideast tensions Read More »
U.S. long-term mortgage rates were little changed this week. The key 30-year, fixed-rate loan hovered around an average 3.8% for the third straight week. Before leveling off, rates marked six straight weeks of declines putting them at historically low levels during this spring’s homebuying season. Mortgage buyer Freddie Mac said Thursday the average rate on
US long-term mortgage rates little changed; 30-year at 3.84% Read More »
An early surge on the stock market Thursday put the S&P 500 index on track for another record high and erased the market’s losses from a brutal sell-off in May. The S&P 500 rose 1% as of 10 a.m. Eastern time and was slightly above the record close it reached April 30. The index has
US stocks are on pace for a record day after early surge Read More »
The Sherman Antitrust Act was passed in the Senate by a 51-to-1 vote, while the House endorsed it unanimously. It was two pages long, did not bother defining the word “monopoly” and was used in its first decade mostly to go after labor. Some historians think the conservative Congress that passed it was merely being
To Take Down Big Tech, They First Need to Reinvent the Law Read More »
Asian shares are higher with the Shanghai benchmark up 2.4% on hopes that a meeting between President Donald Trump and his counterpart Xi Jinping next week might help ease trade tensions. The Thursday tracked modest gains on Wall Street. Tokyo’s Nikkei 225 index added 0.6% to 21,462.86 while the Hang Seng in Hong Kong surged
Asian shares gain, Shanghai up 2.4%, on Fed rate cut talk Read More »
