The U.S. stepped up a spat with European officials over their investigations of U.S. companies’ tax practices, warning in a letter from the Treasury secretary that they are creating a “disturbing” precedent.
Friday’s report on import prices is expected to put additional pressure on inflation, further complicating the Fed’s plans.
Price moves across asset classes and the rise of volatility have left investors grasping for an overarching thesis, leading to the rise of multiple explanations.
Life-insurance stocks fell sharply again as worries mount about the pain of plunging oil prices and the possibility that low interest rates won’t go away as fast as expected.
PepsiCo Inc. said Thursday its fourth-quarter profit surged 31%, but Chief Executive Indra Nooyi issued a sobering warning that continuing overseas turmoil could upend the U.S. economy.
Indonesia opened 35 business sectors to full foreign ownership and raised allowable foreign stakes in dozens of others.
International Monetary Fund Managing Director Christine Lagarde effectively won a second term as head of the emergency lender after the selection process closed with only one nomination.
Lending Club Corp. capped its first full year as a public company by reporting record quarterly profit and loan volume and telling investors it could weather a tougher economy.
The Anglo-Australian miner has introduced a new dividend policy, shifting toward a payout linked to earnings. That looks a sensible move given the continuing commodities downturn.
The risk of the U.S. tilting into a recession is rising due to the tumble in financial markets, according to The Wall Street Journal’s latest survey of economists, which also lowered growth estimates.