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China police detain some Evergrande wealth management staff

Jennifer DuBois -
BEIJING (Reuters) - Police in southern China have detained some staff at China Evergrande Group's wealth management unit, suggesting a new investigation that...
Business

New York employers must include pay rates in job ads under new state law

Jennifer DuBois -
ALBANY, N.Y. (AP) — Help-wanted advertisements in New York will have to disclose proposed pay rates after a statewide salary transparency law goes...
Business

Student-Loan Restart Threatens to Pull $100 Billion Out of Consumers’ Pockets

Jennifer DuBois -
Listen to article(2 minutes)The restart of student-loan payments could divert up to $100 billion from Americans’ pockets over the coming year, leaving consumers...
Business

Auto workers’ union calls talks with Ford productive as strike continues

Jennifer DuBois -
NEW YORK (AP) — The United Auto Workers said Saturday it had “reasonably productive conversations” with Ford, as its limited strike against the...
Business

The market’s heaviest hitters are sounding the alarm on US debt

Jennifer DuBois -
Three market experts have cited concern that growing US debt will send interest rates up.Ray Dalio and Bill Gross both pointed out a...
Business

Fed’s Higher-for-Longer Mantra Has Doubters in Bond Market

Jennifer DuBois -
(Bloomberg) -- Amid signs the bond market has bought into the Federal Reserve keeping interest rates higher for longer, a cohort of investors...
Business

World Adapts to Fed’s Rate Order in 36-Hour Sequence

Jennifer DuBois -
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergA 36-hour rush...
Business

Fed unlikely to raise rates in November, says Goldman Sachs

Jennifer DuBois -
(Reuters) - The Federal Reserve is unlikely to raise interest rates at its Oct. 31-Nov. 1 meeting, Goldman Sachs strategists wrote on Saturday,...
Business

Warren Buffett poured $3 billion into Dow Chemical during the financial crisis. Here’s the story of how he helped the manufacturing titan – and...

Jennifer DuBois -
Warren Buffett invested a vital $3 billion in Dow Chemical at the height of the financial crisis.In return, Berkshire Hathaway received preferred stock...
Business

Book Value per Share for Banks: Is It a Good Measure?

Jennifer DuBois -
Bank stocks are notorious for trading at prices below book value per share, even when a bank's revenue and earnings are on the...
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