The US stock market's horrible year looks set for a particularly nasty ending, with both the S&P 500 and Dow Jones on track for their worst ends to the year since 1931. The S&P 500 is currently headed down 7.8% since the start of the month. If it were to close at that level or…
ANDRÉS MANUEL LÓPEZ OBRADOR, who became Mexico’s president on December 1st, knows how to put the romance into a honeymoon. On December 13th thousands of people attended a free moonlit screening of “Roma”, a Mexican film tipped for an Oscar, on the heliport of Los Pinos, the residence of Mexico’s presidents until Mr López Obrador…
The Russian campaign was the subject of Senate hearings last year and has been widely scrutinized by academic experts. The new reports largely confirm earlier findings: that the campaign was designed to attack Mrs. Clinton, boost Mr. Trump and exacerbate existing divisions in American society. But the New Knowledge report gives particular attention to the…
California withdrew a controversial proposal to impose a tax on text messages after a Federal Communications Commission vote classified texts as an information service, exempting them from telecom surcharges in the state. Last month, the California Public Utilities Commission drafted a proposal to extend an existing tax on telecommunications services, such as phone lines, to…
Malaysia filed criminal charges against Goldman Sachs and two of its executives for "grave violations of our securities laws" relating to its $6.5 billion Malaysian sovereign wealth fund, saying it would seek billions in fines as well as jail time for key figures involved in the scandal. Criminal charges were filed against former Goldman executives…
THINK OF THE upper echelons of the money-management business, and the image that springs to mind is of fusty private banks in Geneva or London’s Mayfair, with marble lobbies and fake country-house meeting-rooms designed to make their super-rich clients feel at home. But that picture is out of date. A more accurate one would feature…
In the absence of any road map, House leaders shuttered the chamber Thursday for a six-day weekend, putting lawmakers in standby mode and scheduling the next votes for Wednesday evening, two days before the shutdown deadline. (Aides cautioned that the schedule could change.) “No one has any idea what the play call is — we…
You’ve probably heard the phrase “save the bees.” Well, the bees may be saving the drones—sort of. On Tuesday, engineers at University of Washington announced that they have designed wireless platforms to be worn by bees, in an effort to solve the issue of poor battery life on smaller drones. Although drones have become a…
The family of a 7-year-old Guatemalan girl who died in US Border Patrol custody is disputing an account from US officials who said she had not been given food or water for days. In a statement released by lawyers, the parents of Jakelin Caal said the girl had been given food and water and appeared…
HUSSEIN SAYED, a local anchor with CNBC, a TV network, beams from the stage as he welcomes participants to a conference on family offices (FOs) in Dubai. Among those present are billionaires and their offspring, advisers and money managers, and a smattering of investment-minded blue-bloods, including Prince Michael of Yugoslavia. “We think there may be…
