"I don't see a happy ending to this," said Vincent Deluard, the director of global macro strategy at INTL FCStone.
IndustryBridgeport, Connecticut has the most residents dealing with credit card debt, followed by New York City and Virginia Beach, Virginia.
IndustryThe boost in the number of employed Americans largely tracks with the nation's sluggish population growth as Americans come of age and start working.
IndustrySanders and Warren aim to sharply curb the economic power that the super-rich have amassed in recent decades and use their money to fund new programs.
IndustryThe era of lower interest rates adds a new challenge to the fund management industry that is already battling asset outflows and lower fees.
IndustryLebanese bank deposits are safe and there is no need to panic, the head of the banking association said on Saturday, seeking to calm nerves about restrictions on some withdrawals imposed after nationwide protests. Already
IndustryIs Deutsche Bank's poor FIC performance transitory? Or is the division teetering as other European banks start to eat its lunch?
IndustryThe presentation also highlighted a break with cofounder Adam Neumann, with new executives planning to focus on large companies as customers.
IndustryA Wall Street firm has rated Slack's stock as underperform because it sees competition from Microsoft Teams hurting Slack's future growth prospects in a critical market.
IndustryImage copyrightGetty Images A WeWork shareholder has taken the company to court over the near-$1.7bn
IndustryGMO-Z.com Trade UK Limited, a subsidiary of GMO Financial Holdings Inc., announced this Thursday that it has launched its new institutional prime-of-prime service under a new brand – Z.com Global Markets.
IndustryLufthansa has cancelled 1,300 flights after it lost a last-minute legal bid to halt a strike by cabin crew.
IndustryChristine Lagarde steered clear of monetary policy in her first speech as European Central Bank president, calling instead for “strength, resolve and courage” in the region at an award ceremony for former German Finance Minister Wolfgang Schaeuble.
IndustryFor the past year, business leaders and policymakers in central Europe have been wondering how long they can defy gravity.
IndustryFrance saw national output rise 0.3% in the third quarter - defying forecasts for slightly slower growth - as unemployment in Germany rose faster than expected and its chambers of commerce warned that exports would shrink next year for the first time since the financial crisis as trade friction mounts.
IndustryIn 2012, Mario Draghi uttered what may be the three most famous words in the history of central banking, pledging the European Central Bank would do “whatever it takes” within its mandate to preserve the euro.
IndustryThe Russian central bank has identified almost 140 companies it says may be illegally offering FX trading to local consumers in yet another warning against the sector since it began cracking down on providers of retail forex products earlier last year.
IndustryDovish BoE Sends GBP/USD Lower, 2 Voters Call for Rate Cuts
IndustryUSD/CAD is finding it hard to break back above the 1.3200 area and short-term trading is now confined between the 20- and 50-day moving averages.
IndustryPhilippine President Rodrigo Duterte said that the Association of Southeast Asian Nations (ASEAN) welcomed China's strong support for the regional bloc's development on trade, economy and maritime cooperation.
Industry
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