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Fewer Households in Hurricane Florence’s Path Have Flood Insurance Than in 2013

Fewer Households in Hurricane Florence’s Path Have Flood Insurance Than in 2013

Fewer homeowners in North and South Carolina own flood insurance than five years ago, signaling many won’t have access to ready cash if they need to rebuild after Hurricane Florence.

Published 2 months ago

Trump Says Democrats Inflated Puerto Rico Death Toll From Hurricane Maria

Trump Says Democrats Inflated Puerto Rico Death Toll From Hurricane Maria

President Trump falsely accused Democrats of inflating the number of people who died in Puerto Rico after last year’s Hurricane Maria, denying that the storm had caused 3,000 fatalities.

Published 2 months ago

Despite Clean-Up Vows, Smartphones and Electric Cars Still Keep Miners Digging by Hand in Congo

Despite Clean-Up Vows, Smartphones and Electric Cars Still Keep Miners Digging by Hand in Congo

Modern batteries need cobalt. Apple, VW and others still include in their supply chains the owner of an African mine where workers produce the metal without shoes or safety equipment.

Published 2 months ago

U.S. Sanctions Russia and Chinese Tech Firms As Alleged North Korean Front Companies

U.S. Sanctions Russia and Chinese Tech Firms As Alleged North Korean Front Companies

The U.S. announced sanctions on Russia and Chinese tech firms as alleged North Korean front companies.

Published 2 months ago

Apple’s Challenge: Win Over China With Pricey New iPhones

Apple’s Challenge: Win Over China With Pricey New iPhones

The signature features of Apple’s new iPhones—bigger screens and dual-SIM support—speak directly to demands in the all-important China market. Chinese rivals already offer similar features for less money, however.

Published 2 months ago

Turkey Takes Action on Strained Economy With Big Rate Rise

Turkey Takes Action on Strained Economy With Big Rate Rise

Turkey’s central bank sharply raised interest rates, defying President Recep Tayyip Erdogan’s demand to keep them lower in an effort to regain investor confidence.

Published 2 months ago

California Cities Lead the U.S. in Personal Income Growth

California Cities Lead the U.S. in Personal Income Growth

Of the nation’s 50 largest metros, five of the 10 with the biggest income gains are located in California, where a diverse economy has been adding jobs across industries including construction, tourism and technology.

Published 2 months ago

The Tricky Part of the Fed’s Next Rate Increase

The Tricky Part of the Fed’s Next Rate Increase

Deciding to raise short-term interest rates will be the easy part of Federal Reserve officials’ meeting later this month. Agreeing on how to frame the path of rate increases next year could prove much harder.

Published 2 months ago

Trader blows €100m hole in Nasdaq’s Nordic power market

Trader blows €100m hole in Nasdaq’s Nordic power market

Loss raises questions over clearing house controls on eve of Lehman collapse anniversary

Published 1 second ago

Netflix sets its sights on the silver screen

Netflix sets its sights on the silver screen

Group that made its name in TV streaming is about to unveil the fruits of its foray into film

Published 1 second ago

Donald Trump calls JPMorgan chief Jamie Dimon a ‘nervous mess’

Donald Trump calls JPMorgan chief Jamie Dimon a ‘nervous mess’

Banker had said he could beat his fellow New Yorker in a presidential election

Published 1 second ago

Apple’s Challenge: Win Over China With Pricey New iPhones

Apple’s Challenge: Win Over China With Pricey New iPhones

The signature features of Apple’s new iPhones—bigger screens and dual-SIM support—speak directly to demands in the all-important China market. Chinese rivals already offer similar features for less money, however.

Published 2 months ago

Trump Hits Back at JPMorgan CEO James Dimon

Trump Hits Back at JPMorgan CEO James Dimon

President Trump criticized James Dimon as a “poor public speaker” and “nervous mess,” a day after the JPMorgan Chase chief executive said he could prevail over Mr. Trump in a presidential campaign.

Published 2 months ago

Turkey Takes Action on Strained Economy With Big Rate Rise

Turkey Takes Action on Strained Economy With Big Rate Rise

Turkey’s central bank raised interest rates by more than 6 percentage points in a long-awaited move to tackle its economic crisis, sending the embattled lira sharply higher against the dollar.

Published 2 months ago

The Tricky Part of the Fed’s Next Rate Increase

The Tricky Part of the Fed’s Next Rate Increase

Deciding to raise short-term interest rates will be the easy part of Federal Reserve officials’ meeting later this month. Agreeing on how to frame the path of rate increases next year could prove much harder.

Published 2 months ago