Author: super@dmin

HOUSTON—A federal judge barred the Trump administration on Monday from refusing asylum to immigrants who cross the southern border illegally. U.S. District Judge Jon S. Tigar issued a temporary restraining order after hearing arguments in San Francisco. The request was made by the American Civil Liberties Union and the Center for Constitutional Rights, which quickly…

Can Santa Claus save this stock market? Many are certainly hoping so, since nothing else appears able to stem the market’s carnage. The Dow Jones Industrial Average DJIA, -1.56%  fell sharply again on Monday, shedding nearly 400 points. Its doubtful that even Santa can help. An analysis of the past century reveals that the stock…

For too many Christmases than I care to remember, I spent upward of $1,000 on presents for my husband and two daughters. I’d simply convinced myself that waking up to a tree overflowing with gifts was nonnegotiable. By February—when my kids had lost interest in 90% of their gifts—I was left with regret. And a…

Asian stock markets fell in early trading Tuesday, following tech-led declines on Wall Street. Japan’s Nikkei NIK, -1.10%   was down 0.8%, with electronics and machinery stocks among the biggest decliners. Sony 6758, -2.87%   was down 2.6% while Fanuc 6954, -2.82%   and Hitachi 6501, -3.26%   were off some 3%. But the auto…

The Roman philosopher Seneca wasn’t talking about the stock market when he wrote that “Time discovers truth,” but he could have been. In the long run a stock price will reflect a company’s (true) intrinsic value. In the short run the pricing is basically random. Here are two real-life examples. Let’s say you had the…

Courtesy Everett Collection ‘Male teachers are about 12% more likely to leave their schools when they work under female principals than under male principals,’ a new study in New York public schools concluded. Men earn more than women, are more likely to make it to the C-suite and, studies suggest, they’re more likely to show…

Former New York City mayor Michael Bloomberg’s $1.8 billion donation to Johns Hopkins University has made headlines for its sheer size — it’s the biggest gift ever to a single institution. The money, to be used for financial aid, will let the school open its doors to qualified students who otherwise couldn’t afford to attend.…

Bloomberg News/Landov Pedestrians pass in front of a PNC Financial Services Group Inc. bank branch in Chicago. A Federal Reserve plan to relax rules on big banks has run into an opponent: one of its own regional banks. In a letter, the Minneapolis Fed warns that a new rule meant to bring capital and liquidity…

Nobel Prize winning economist Joseph Stiglitz says Puerto Rico’s current debt position is “unsustainable” and has an idea how much debt relief is necessary to restore sustainability, in a new study with Columbia University colleague Martin M. Guzman and Pablo A. Gluzmann, a senior researcher at the National University of La Plata in Argentina. In…

Tech stocks got hammered Monday, leading the broader market lower as the software sector faced its worst selloff in nearly three years. On Monday, tech stocks were the worst performing sector of the S&P 500 index’s SPX, -1.66%  11 sectors, dropping 3.9%, as the index declined 1.7%, and the Technology Select Sector SPDR ETF XLK,…