Central bankers rarely get an easy ride. They are always doing too much or too little, depending on your outlook. If there’s one man who has escaped that inferno without even a dusting of charcoal, it is Andy Haldane. That’s no mean feat — the former chief economist of the Bank of England spent 32
Israel’s finance minister has slammed a decision by the financial ratings agency Moody’s to downgrade Israel’s credit rating By MELANIE LIDMAN Associated Press February 11, 2024, 9:12 AM ET • 3 min read TEL AVIV, Israel — Israel’s finance minister on Sunday slammed the decision by financial ratings agency Moody’s to downgrade Israel’s credit rating,
The Securities and Exchange Commission is set to impose new rules that would require many private funds to register with the agency as so-called dealers, a move that regulators say will help them better monitor a sometimes wobbly market for U.S. government debt. When firms that deal Treasury bonds register with the SEC “they become
Published: Feb. 6, 2024 at 6:25 a.m. ET Kwasi Kwarteng, who served as the U.K.’s finance minister during the mini-budget crisis which saw Britain’s pound drop to its lowest ever levels against the U.S. dollar, has said he will not stand for reelection as a member of parliament. The British politician, who had previously worked
Kraken’s chief security officer wants his 400-member team to stay away from social media as he believes their presence on platforms like Twitter and LinkedIn can create security risks for the crypto exchange. Nick Percoco has allowed only a handful of people from his team to publicly confirm their roles and has instructed the rest to work
A pair of activist investors have pulled their request for shareholder votes on climate-related proposals after ExxonMobil sued to keep them off the ballot at the company’s upcoming meeting. But while Arjuna Capital and the environmental group Follow This say they will not refile the proposals, Exxon still wants a U.S. court in Texas to
China’s stock market regulators have renewed their effort to reassure jittery investors by promising to crack down on stock price manipulation and “malicious short selling.” By ELAINE KURTENBACH AP Business Writer February 5, 2024, 3:05 AM ET • 2 min read BANGKOK — Chinese shares gyrated on Monday, sinking to 5-year lows, after stock market
“Is Nvidia today’s Cisco? It’s possible. If so, then it has a lot more upside before it crashes — if it crashes.” Is it possible that the meltup phase of the bull market (which started on Oct. 12, 2022) has begun already — having started following the correction low on Oct. 27, 2023? Yes, it
As mortgage rates fall, aspiring homeowners have gained nearly $40,000 in buying power in a matter of months, according to a new report. But that power comes with a catch: increased competition. Now that the 30-year mortgage rate has fallen from nearly 8% to below 7%, home buyers with a monthly housing budget of $3,000
These mutual-fund and ETF investing tips can keep your portfolio out of a deep freeze
Published: Feb. 2, 2024 at 4:25 p.m. ET Don’t miss these top money and investing features: Investing news and trends Tesla’s stock had its worst month in a year, but Cathie Wood’s ETFs kept buying The ARK Innovation and ARK Net Generation exchange-traded funds bought more than $150 million in Tesla shares in January. Read