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U.S. Existing-Home Sales Jump in September,Inventory Drops for 16 Months

Walgreens Might Lose its $17.0-Billion Deal with Rite Aid

A Major Deal Falls into Trouble The $17.0-billion deal to merge Walgreens and Rite Aid Corporation (NYSE:RAD) was put into...

ECB Keeps Interest Rates Unchanged at October Meeting

ECB President Mario Draghi Holds Policy Steady As the European Central Bank (ECB) nears the end of its stimulus program,...

Attorney General Launches Criminal Probe into Wells Fargo

The Fake Accounts Scandal Continues Despite the resignation of CEO John Stumpf, Wells Fargo & Co (NYSE:WFC) continues to have...

Wage Inflation Rising in U.S. Economy

Inflation, Employment Key to U.S. Rate Decision in December Inflationary pressures are emerging when it comes to paying wages to...

Saudi Arabia Already Spending $17.5-Billion Bond Issue

Creditors Starting to Collect Many contractors who work with the Saudi Arabian government have been waiting on their checks for...

China’s Third-Quarter GDP Growth Slips to 6.7%

Growth Slows in the Middle Kingdom As the world’s emerging superpower, China has been the focal point of economic growth...

ECB Sees Bitcoin as a Threat to Its Monetary Control

Central Banks Don’t Like Cryptocurrencies The European Central Bank (ECB) is finally taking a stand against cryptocurrencies like “Bitcoin”, which...

Pound Sterling Slides as Germany Closes Brexit Backdoor

Merkel Deals Blow to Theresa May In accordance with their public statements, German officials are closing down backchannels between their...

$15-Billion Saudi Debt Is Floated in Global Markets

A New Frontier for Bonds There appears to be strong investor demand for the first round of bonds to come...

Core CPI Breaks 2% Threshold for 11 Straight Months

How Will the Fed React? For the 11th straight month, the Federal Reserve has to sit idly by while core...