Text size The US has taken action against financial secrecy before. It’s time to do it again, writes Raymond W. Baker. Dreamstime About the author: Raymond W. Baker is the founding president of Global Financial Integrity, a think tank in Washington, DC Drug traffickers, counterfeiters, corrupt government officials, and tax evaders all have one thing … Read more
Text size Commuters in front of the Bank of Japan headquarters in Tokyo, Japan. Kiyoshi Ota/Bloomberg About the author: Desmond Lachman is a senior fellow at the American Enterprise Institute. He was a deputy director in the International Monetary Fund’s Policy Development and Review Department and the chief emerging market economic strategist at Salomon Smith … Read more
BANGKOK (AP) — Shares were trading mixed in Asia on Monday after Wall Street benchmarks closed higher on Friday, capping a third week of gains out of the last four. Tokyo and Shanghai rose while Hong Kong, Seoul and Sydney fell. Taiwan’s benchmark jumped 3.8%. Attention was turning to Wednesday’s decision by the Federal Reserve … Read more
This has bugged me all my life. My father left my family when I was 7. I’m not sure how much in child support he paid my mother. Soon after I graduated college, he visited me for the first time since he left the family. He told me that he wanted to send me money … Read more
I have always refrained from saying what legendary investor Sir John Templeton considered the four most dangerous words in investing: This time is different.” After months of talking to and reading the words of investment experts trying to find the right way to describe and forecast the US economy and stock market for 2023, I’m … Read more
It’s way too early to proclaim a Goldilocks environment, even if major asset classes are at least pointing to a better chance of it. The S&P 500 SPX has gained 5% this year, and the tech-heavy Nasdaq Composite COMP is up 8%, even with a seemingly daily stream of job-cut announcements. Stay tuned Thursday for … Read more
Text size Conditions in the US were already enough to justify a pause in the US Federal Reserve’s rate-increase, Desmond Lachman writes. Kevin Dietsch/Getty Images About the author: Desmond Lachman is a senior fellow at the American Enterprise Institute. He was a deputy director in the International Monetary Fund’s Policy Development and Review Department and … Read more
Text size Microsoft is experiencing a slowdown in the growth of its cloud computing business. Gerard Julien/AFP via Getty Images Investors might be feeling a little jittery ahead of Microsoft ‘s quarterly financial results. And for good reason. Microsoft (ticker: MSFT) reports financial results for the December quarter after the close of trading on Tuesday. … Read more
Bonds and stocks may be getting back to their usual relationship, a plus for investors with a traditional mix of assets in their portfolios amid fears that the US faces a recession this year. “The bottom line is the correlation now has shifted back to a more traditional one, where stocks and bonds do not … Read more
Appliance manufacturers are betting that internet-connected “smart home” appliances will help transform their businesses and the scope and length of their customer relationships—but not all customers are plugging in. LG Electronics Inc. said that less than half of the smart appliances it has sold stay connected to the internet—a number it is actively working to … Read more