10 years after Lehman’s bankruptcy, these are the big lessons for investors

The S&P 500 these days is dilly-dallying just below last month’s all-time high. But if you zoom out, it’s a more impressive picture, with the stock benchmark up 141% since Lehman’s bankruptcy on Sept. 15, 2008. And that watershed moment for the global financial crisis seems like the topic du jour. “Everyone is reflecting upon the 10-year anniversary of Lehman […]

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All Americans would get an income boost under this new plan to share the country’s riches

The single most inconvenient truth about the U.S. economy is that for the foreseeable future, there simply won’t be enough good-paying jobs to sustain the large middle-class that was built up after World War II. That means there’ll be rising economic insecurity for as far as the eye can see.  This isn’t a secret. According to the U.S. Labor Department, […]

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Goldman CFO calls bitcoin rejection rumor ‘fake news’

Digital currency markets are staring at three consecutive losing sessions, with most major coins in the red early Friday. Bitcoin, the world’s largest cryptocurrency, has lost more than 15% since Wednesday, tumbling to a two-week low of $6,279.08. In early Friday trading a single bitcoinBTCUSD, -0.37% last changed hands at $6,373.96, down 1.1% since Thursday at 5 p.m. Eastern Time […]

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China’s HNA says its will sell $10 billion stake in Deutsche Bank

One of China’s largest conglomerates intends to completely exit its stake in Deutsche Bank AG and unload the vast majority of overseas investments it made in recent years, according to people familiar with the matter, a significant comedown for a once-highflying company. HNA Group Co. 000616, +2.32% , an owner of airlines and hotels that amassed more than $40 billion worth […]

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This is one way Donald Trump has been good for the environment

Depending on your political views, President Trump could represent any number of things to you. Swamp drainer or swamp filler. Make America Great Again or Make America Hate Again. But interestingly, it is becoming increasingly clear that Donald Trump may be one thing in particular: Good for the environment. If you’re scratching your head on that one, you’re not alone. […]

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Dollar slips as hiring data shakes confidence in strong jobs report Friday

A popular gauge of the U.S. dollar retreated slightly in subdued action Thursday with investor focus fixed in part this week on the U.S. job market. U.S. economic data released a day ahead of the latest closely-watched jobs report included the ADP private-sector employment snapshot for August. Its softer-than-expected result undercut expectations for a strong reading in the government’s broader […]

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FBI probing if American Express misrepresented foreign-exchange pricing

The Federal Bureau of Investigation has launched a probe into pricing practices within American Express Co.’s foreign-exchange unit, according to people familiar with the matter. The investigation, which is being run out of the FBI’s Washington field office, is in its early stages and is focused on whether the foreign-exchange international payments department misrepresented pricing to clients in order to […]

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