David Malpass’ nomination would fit President Trump’s pattern of tapping officials to lead institutions whose missions they’ve questioned.
economic growth
Posted inBusiness, Life & Culture, Nation & World, News
Idea of 70% tax on wealthiest Americans has Davos abuzz
The suggestion by Rep. Alexandria Ocasio-Cortez has its share of critics.
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Posted inBusiness, Life & Culture, Nation & World, News
Sears lives to fight another day, with chairman’s rescue plan clearing key hurdle
A panel approves Eddie Lampert’s $5 billion plan for the struggling retailer, but a judge must still sign off.
Posted inBusiness, Life & Culture, Nation & World, News
Apple woes could signal bust in smartphone market
Falling interest in China underscores the tech giant’s dilemma: Most everyone who will buy a phone already has.
Posted inBusiness, Nation & World
Online-only sellers branching out to Main Street with brick-and-mortar stores
Some retailers that initially focused on virtual sales plan to open 850 stores over the next five years, a report says, a bright spot in the retail sector.
Posted inBusiness, Life & Culture, Nation & World, News
New trend bubbles up: Fish pedicures
A Gaza Strip business buys into the school of thought that our feet can be fish feed.
Posted inBusiness, Nation & World
Stocks dive again, heading for worst December since Great Depression
Investors are growing worried that global economic growth is cooling and that the U.S. could slip into a recession in the next few years.
Posted inBusiness
Regulation rollback: Oil train catastrophe in the making?
The Trump administration miscalculates the potential benefits of putting better brakes on trains that haul explosive fuels.
Posted inBusiness
Sears’ biggest holder bids $4.6 billion to salvage bankrupt chain
The company would have just over 500 functioning locations left if the takeover succeeds.
Posted inBusiness, Nation & World
Cooling economy in China erodes sales of some U.S. luxury brands
It’s a rude awakening for such designer brands as Louis Vuitton and Burberry that increasingly rely on Chinese customers who spend $90 billion a year on jewelry, clothes and other high-end goods.