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North Korea Missile Jitters Surface Ahead of U.S. War Games

North Korea Missile Jitters Surface Ahead of U.S. War Games

The U.S. and South Korea are readying for a new joint military exercise, the type of drill that in the past has prompted Pyongyang to respond with missile tests.

Published 8 months ago

Yellen Says Gradual Rate Increases Should Help Sustain Economy’s Growth

Yellen Says Gradual Rate Increases Should Help Sustain Economy’s Growth

Federal Reserve Chairwoman Janet Yellen said “the ongoing strength of the economy will warrant gradual increases” in short-term interest rates, to keep unemployment low and to nudge inflation toward the Fed’s 2% target.

Published 8 months ago

Global Gas Producers Turn to Next Challenge: Finding Buyers

Global Gas Producers Turn to Next Challenge: Finding Buyers

After spending hundreds of billions of dollars to transform themselves into global natural-gas giants, big energy companies face a new challenge: generating more demand as supplies threaten to balloon and prices languish.

Published 8 months ago

Barbarians Open Their Gates as Blackstone, Others Seek Retail Cash

Barbarians Open Their Gates as Blackstone, Others Seek Retail Cash

Blackstone Group LP is pushing aggressively into products for retail investors, betting it can raise as much from them over the long term as it does from the institutions that form the main source of its $371 billion of assets

Published 8 months ago

World’s Central Bankers, Finance Officials Keep Close Eye on Selection of Next Fed Chief

World’s Central Bankers, Finance Officials Keep Close Eye on Selection of Next Fed Chief

As President Donald Trump mulls whether to keep Janet Yellen as chairwoman or pick a new candidate, officials around the world are watching the process, the result of which is likely to affect their economies.

Published 8 months ago

Your Next Home Could Run on Batteries

Your Next Home Could Run on Batteries

A combination of solar power and the rise of residential energy storage is paving the way for a new kind of cable cutting.

Published 8 months ago

Steel Is Back in Style With Car Makers

Steel Is Back in Style With Car Makers

Auto makers are using more lightweight, high-strength steel for components that shave pounds off their latest models.

Published 8 months ago

Pentagon Turns to High-Speed Traders to Fortify Markets Against Cyberattack

Pentagon Turns to High-Speed Traders to Fortify Markets Against Cyberattack

Pentagon officials have been meeting with dozens of high-speed traders and others from Wall Street to study how hackers could unleash chaos in the U.S. financial system.

Published 8 months ago

U.S. Presses for Changes in IMF, World Bank Policies

U.S. Presses for Changes in IMF, World Bank Policies

Treasury Secretary Steven Mnuchin, at an annual meeting of the International Monetary Fund and the World Bank, called on the IMF to help move trading powers away from large trade surpluses and urged the World Bank to curtail its lending to middle-income countries.

Published 8 months ago

Bomb Rocks Somalia’s Capital; 20 People Killed

Bomb Rocks Somalia’s Capital; 20 People Killed

The truck bomb in Mogadishu appeared to target a hotel on a busy road, and police say no one has claimed responsibility for the attack.

Published 8 months ago

Rent the Runway Chases the Fast-Fashion Shopper

Rent the Runway Chases the Fast-Fashion Shopper

Rent the Runway is going after discount shoppers outside big cities with a limited, lower-priced fashion-rental plan, dangling the allure of an ever-changing designer wardrobe for $89 a month.

Published 8 months ago

New California Fires Spread, Triggering Further Evacuations

New California Fires Spread, Triggering Further Evacuations

More evacuations were ordered in Northern California as some wildfires grew and new ones were sparked; elsewhere in the region, officials gained control of some blazes, allowing residents to return to their homes.

Published 8 months ago

Academy Expels Harvey Weinstein After Sexual Assault Allegations

Academy Expels Harvey Weinstein After Sexual Assault Allegations

Harvey Weinstein, the executive more affiliated with the Oscars than any producer in Hollywood, has been kicked out of the Academy of Motion Picture Arts and Sciences.

Published 8 months ago

Major Health Insurers Anticipated End of Subsidies

Major Health Insurers Anticipated End of Subsidies

Several major insurers said they intend to provide health plans on the Affordable Care Act’s exchanges for the rest of this year and for 2018, despite a financial blow from President Donald Trump’s cancellation of federal cost-sharing payments.

Published 8 months ago

U.S. Trying to Find More Doctors to Send to Disaster Areas

U.S. Trying to Find More Doctors to Send to Disaster Areas

A U.S. government program that sends doctors and nurses to disaster zones says it needs more health-care workers, as relief efforts continue in Puerto Rico and the U.S. Virgin Islands.

Published 8 months ago