Finance

“Mr. Xi and the party will be seen as unable to defend China’s economic future” if the confrontation with the United States does major damage to Huawei and throws off China’s rollout of the next generation of wireless technology, called 5G, Mr. Triolo added. More broadly, the warnings also seemed to be an attempt to […]

The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are rising for a third straight day as investors hope U.S. and Mexican officials can reach a deal that avoids tariffs on goods from Mexico. One report said the U.S. could delay the tariffs, set for June 10, but there was no

To President Trump, tariff “is a beautiful word indeed.” Just in the last few weeks, he increased tariffs on billions of Chinese imports and threatened Mexico with big new tariffs. His enthusiasm as trade-warrior-in-chief, though, has not been mirrored by the public. At least that is the conclusion to draw from opinion polling, which shows

Financial leaders of the Group of 20 gathered Saturday to brainstorm ways to adapt global finance to an age of trade turmoil and digital disruptions. The central bank governors and other financial regulators meeting in this southern Japanese port city also flagged risks from upsets to the global economy as Beijing and Washington clash over

Gold is shining again as investors scramble for safety amid the widening global trade war. The price of gold has climbed nearly 5% since May 21, while markets around the world fell. Last week was the best of the year for gold after President Donald Trump surprised markets by threatening to raise tariffs on Mexico.

Global markets were mostly higher Friday with investors optimistic about a U.S.-Mexico trade deal and what economists expect to be solid U.S. jobs numbers. France’s CAC 40 climbed 1.5% to 5,358. Germany’s DAX picked up 0.8% to 12,049, while Britain’s FTSE 100 gained 0.9% to 7,325. Wall Street was also poised to open higher with

Consumer borrowing accelerated in April to the fastest pace in five months as a rebound in credit card use offset slower demand for auto and student loans. Borrowing increased by $17.5 billion, the Federal Reserve said Friday. That is up from March’s $11 billion advance and marks the biggest jump since a $21.7 billion increase

Finance ministers and central bank governors meeting in Japan this weekend will try to make headway on longstanding issues such as how much global giants like Facebook and Amazon should pay in taxes. They’re likely to end up focusing a large share of their attention, however, on how to keep global growth on track when

Robert Herr blames himself for what was his worst real estate investment. As a mortgage broker and real estate agent, he said, he should have known better than to buy a quarter-share in a beachfront condo. But like many others before him, he could not resist the siren call of sea air and an ocean

Wall Street turned the page on a painful May in the stock market by notching its best week since late November. Stocks climbed for a fourth consecutive day Friday, capping a week of gains that reversed most of the losses in May, when President Donald Trump’s tariff threats escalated trade wars with China and Mexico.