Author: super@dmin

A day after a broad selloff, Asian stock markets gained in early trading Tuesday, despite modest losses on Wall Street. Japan’s Nikkei NIK, +0.61%   was up 0.5%, led by SoftBank Group and energy and steel stocks, amid continuing concerns about U.S. trade issues. Of 33 Topix subindexes, 17 sectors were higher. SoftBank 9984, +2.80%…

WASHINGTON — A federal regulator plans to explain what it considers to be “abusive” practices by companies selling financial services, a move aimed at giving a clearer idea of what behavior would get companies into trouble under relatively new government enforcement powers. Mick Mulvaney, the Consumer Financial Protection Bureau’s acting director, said Monday the bureau…

Saudi Arabia was supposed to be a fee bonanza for Wall Street. The fallout from the disappearance of dissident journalist Jamal Khashoggi may jeopardize that payday. On Sunday and early Monday, a trio of Wall Street’s most powerful executives — JPMorgan Chase & Co. Chief Executive James Dimon, BlackRock Inc. CEO Laurence Fink and Stephen…

Bitcoin rose sharply Monday after a credit scare on a major cryptocurrency exchange created a rush for the No. 1 digital currency. After beginning the day around $6,200, bitcoin BTCUSD, +0.67%  traded to an intraday high of $6,960.68 on the Kraken exchange. However, on the Bitfinex exchange, the third largest cryptocurrency exchange by volume, according…

Investors fled from high-yield corporate bonds as stock-market contagion spared few corners of the investment universe last week. Exchange-traded funds focusing on high-yield corporate paper, or “junk” debt, struggled to stem outflows from an asset class that has largely survived the turmoil in broader bond markets. Such bonds are issued by firms that carry a…

Financial advisers can do a lot of good. They can stop you making stupid decisions. They can stop you panicking. They can pressure you to budget better, get the right insurance, make and stick to longer-term plans, and do important things like keeping an up-to-date will. At their best, they’re both a trusted counselor and…

The Federal Reserve is raising U.S. interest rates — and giving stock investors a heartburn — to head off a threat to the economy from rising inflation. But what if inflation has already peaked? After surging to a six-year high in July, inflation has leveled off in the past few months. The consumer price index,…

So now Ford Motor F, -1.93%  Chairman Bill Ford and JPMorgan Chase JPM, -1.09%  boss Jaime Dimon have both opted to drop out of that Saudi conference following the country’s suspected role in the disappearance of journalist Jamal Khashoggi. The high-profile pair is following the lead of Uber CEO Dara Khosrowshahi, Viacom VIA, -1.04%  CEO…

Asian stock markets lost ground in early trading Monday following Friday’s regional bounce that eased last week’s pain. Japan’s Nikkei fell more than 1% following its worst week in right months, while indexes in Hong Kong and Taiwan also dropped more than 1%. Defensive stocks were down early in Japan. Near session lows in the…

While investors are no doubt wringing their hands over what’s going on in the stock market this week, here’s another thing to fret over: rising mortgage rates. “What many in 2016 thought would never happen again is now reality,” writes Wolf Richter of the Wolf Street blog. “A line in the sand has been breached.”…