Media mogul Sumner Redstone’s trust puts the decision on whether he is able to manage its assets in the hands of three doctors who could review the 92-year-old only after a vote by five of his associates and relatives.
The U.S. job engine slowed in January while unemployment hit an eight-year low and wage growth accelerated, complicating the outlook for Federal Reserve officials as they assess whether the economy is strong enough for further interest-rate increases.
A poor sugar harvest this year, which has pushed up local prices, is creating an incentive for smugglers to flout China’s import restrictions and bring cheaper supplies across the hard-to-police borders of Southeast Asia
After years of lackluster results, financial scandals, painful share sales, disruptive management changes, onerous regulations and strategic U-turns, many European bank investors are throwing in the towel.
Mining stocks, the market’s punching bag of 2015, are the darlings of 2016—so far. The question for investors however, is whether the rally is what traders call a “bull trap”—a brief bounce before another dive into the red.