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Hit Hard by California Wildfires, Santa Rosa Faces Housing Crisis

Hit Hard by California Wildfires, Santa Rosa Faces Housing Crisis

Santa Rosa lost 3,000 homes, or 5% of its housing stock, and 400,000 square feet of commercial space.

Published 7 months ago

Big Oil Set for Bumper Profits Despite Cheap Crude

Big Oil Set for Bumper Profits Despite Cheap Crude

When some of the world’s largest energy companies report earnings next week, it will provide a glimpse into whether they are improving profitability as oil prices continue to hover around $50 a barrel.

Published 7 months ago

How the Tax Plan Would Impact Financial Markets

How the Tax Plan Would Impact Financial Markets

Analysts have a warning for investors betting a tax overhaul will boost financial markets: don't get your hopes up.

Published 7 months ago

Catalonia Independence Crisis Tests Spanish Premier’s Patient Approach

Catalonia Independence Crisis Tests Spanish Premier’s Patient Approach

As Catalonia’s independence bid has gained momentum, Mariano Rajoy has stuck to a script that has served him in other crises: Play for time.

Published 7 months ago

It’s All Hands on Deck for the Astros, Yankees in Game 7

It’s All Hands on Deck for the Astros, Yankees in Game 7

With a World Series spot on the line, conventional strategy will have no place in Saturday’s deciding game of the ALCS between the New York Yankees and the Houston Astros.

Published 7 months ago

Trump Signals Yellen Still in Contention for Another Term as Fed Chief

Trump Signals Yellen Still in Contention for Another Term as Fed Chief

President Donald Trump signaled that Federal Reserve Chairwoman Janet Yellen remains a strong candidate to be renominated for the job, saying he liked her “a lot,” while also highlighting John Taylor and Jerome Powell as front-runners.

Published 7 months ago

Wisconsin’s Foxconn Deal Highlights How States Use Cash to Sweeten Bids

Wisconsin’s Foxconn Deal Highlights How States Use Cash to Sweeten Bids

Wisconsin’s $3 billion bid this summer to land Foxconn Technology Group’s first major U.S. factory looked smaller than that of a neighboring state’s, but included an increasingly popular feature that likely made the difference: cash.

Published 7 months ago

Wells Fargo Fires Four Foreign-Exchange Bankers as Woes Spread to Investment Bank

Wells Fargo Fires Four Foreign-Exchange Bankers as Woes Spread to Investment Bank

Wells Fargo has fired four foreign-exchange bankers amid an investigation into that business by both the bank and regulators.

Published 7 months ago

P&G, After Slight Sales Gain, Puzzled by Weak U.S. Consumer Spending

P&G, After Slight Sales Gain, Puzzled by Weak U.S. Consumer Spending

Procter & Gamble recorded sluggish growth during the first quarter as it battles a challenging market for consumer-goods makers.

Published 7 months ago

The World’s Next Environmental Disaster

The World’s Next Environmental Disaster

India’s Yamuna River, born in a glacier in the Himalayas, is so defiled by the time it leaves Delhi that scientists have declared it ‘eutrophic,’ or incapable of sustaining life—a prime example of how the world’s second-largest country is failing to manage its rapid development.

Published 7 months ago

Activist Investor Loeb Says He Will Push Nestlé to Make Further Changes

Activist Investor Loeb Says He Will Push Nestlé to Make Further Changes

Activist investor Daniel Loeb praised Nestlé’s recent moves to raise shareholder value but indicated he will continue to push the packaged foods giant to make further changes.

Published 7 months ago

A Russian Ghost Submarine, its U.S. Pursuers and a Deadly New Cold War

A Russian Ghost Submarine, its U.S. Pursuers and a Deadly New Cold War

A resurgence in Moscow’s submarine fleet has reignited the undersea arms race of the Cold War. It’s played out recently in a cat-and-mouse sea hunt across the Mediterranean that pit the U.S. Navy against one of Russia’s newest and most sophisticated attack subs.

Published 7 months ago

AmEx Chief’s Mission: Get Millennials, Keep the Rich

AmEx Chief’s Mission: Get Millennials, Keep the Rich

Incoming American Express CEO Stephen Squeri is looking to regain the cachet of the AmEx brand, both for millennials who don’t view it the same way as their parents and for established customers who have been wooed by banks offering better services and more perks.

Published 7 months ago

Drop in Teenage Pregnancies Drives Declining Birthrate

Drop in Teenage Pregnancies Drives Declining Birthrate

The U.S. birthrate hit a record low in 2016, but the top-line figure conceals a big factor in the decline: teenage pregnancies

Published 7 months ago

Talk of Retirement-Savings Cap Rattles Financial Industry

Talk of Retirement-Savings Cap Rattles Financial Industry

Proposals floating around Washington to cap the amount that Americans can contribute before taxes to 401(k) plans and individual retirement accounts are unsettling professionals in the retirement industry.

Published 7 months ago