Business

Warren, Sanders Want Wealth Tax; Economists Explain How it Works

From 1982 to 2018 the share of U.S. wealth held by the 400 richest Americans is estimated to have grown from 1% to around 3.5%, or probably around $3 ...

Kudlow: 'Deep State' Fed Moving in Right Direction

White House economic adviser Larry Kudlow on Thursday suggested the U.S. central bank’s staff is part of a “deep state” and repeated his own and...

Fed's Brainard: Facebook's Libra Faces 'Core' Legal, Regulatory Challenges

U.S. Federal Reserve Governor Lael Brainard said on Wednesday that Facebook's efforts to launch a Libra cryptocurrency must overcome a "core set of le...

US Pension Funds Took Positions in Blacklisted Chinese Surveillance Company

Some of the biggest public pensions funds in the United States have invested in one of the world's largest purveyors of video surveillance systems tha...

Is World Economy Sliding Into First Recession Since 2009?

The global economy is wobbling and whether it topples over is the big question in financial markets, executive suites and the corridors of power. Inv...

US, China Resume High-Level Trade Talks as Non-Core Concessions Seen Possible

Top U.S. and Chinese negotiators met on Thursday for the first time since late July to try to ease a bitter 15-month trade war and business groups exp...