Finance

Mr. Kavesh, 57, who is based in a Seattle suburb, said that the factory in China that produced his cowboy hats was closed and that he did not know when it would reopen. Even after the factory’s workers return, the facility needs wool from its Chinese suppliers to make the hats. “The key component — […]

Switzerland’s financial market authority has penalized Julius Baer bank for violating its obligations to combat money laundering over a nearly nine-year span By JAMEY KEATEN Associated Press February 20, 2020, 7:58 AM 3 min read GENEVA — Switzerland’s financial market authority has penalized Julius Baer bank for violating its obligations to fight money laundering over

Thanks to “contactless” payment systems, there’s a revolutionary change going on in how credit cards are used. While mildly convenient for purchases in the United States, the technology is a huge improvement for overseas travelers. What is contactless technology and why is it good for travel? Read on. Keep that wallet hidden, or better yet,

WASHINGTON — President Trump and his economic team see “no need to hastily rewrite the federal government’s antitrust rules,” drawing a battle line with leading Democratic presidential candidates on an issue that has increasingly drawn the attention of economists, legal scholars and other academics. In their annual Economic Report of the President, released on Thursday,

Asian shares are mixed after Wall Street recovered to record highs, but worries persist about the damage to the regional economy from the new virus that began in China By YURI KAGEYAMA AP Business Writer February 20, 2020, 4:44 AM 5 min read TOKYO — Shares were mixed Thursday in Asia after Wall Street recovered

Here are some questions and answers about high school money classes: Does personal finance instruction help students make better decisions? Yes, but the impact varies, depending on details like the amount of instruction time and the topics covered, according to the Consumer Financial Protection Bureau. “Well-implemented state financial education mandates lead to a clear improvement

WASHINGTON — Senators will vet Judy Shelton, a prominent Federal Reserve critic, for one of the central bank’s top jobs on Thursday, a moment that many economists will be watching closely because they see her as a potential threat to the Fed’s prized independence. Ms. Shelton has rhetorically questioned whether America even needs the Fed.

Environmental groups are suing to contest plans for a potentially huge gas field they say would endanger antelope in Grand Teton National Park By MEAD GRUVER Associated Press February 20, 2020, 1:31 AM 2 min read CHEYENNE, Wyo. — Environmental groups are suing over plans for a potentially huge Wyoming gas field they say would

After selling his first technology company, Gururaj Deshpande donated $20 million to the Massachusetts Institute of Technology to create a center for technological innovation, which bears his name. Mr. Deshpande is proud of the work the center fostered, but the effort focused on what he refers to as the two billion people in the world

“They asked substantive, tough questions,” Sam Bell, the founder of Employ America, said of the Republican senators. Mr. Bell’s group has been pushing for Fed nominees who are focused on lifting employment and has vocally opposed Ms. Shelton. “The aura, after the hearing, is that there’s serious bipartisan skepticism,” he said. Democrats showed their discomfort