WASHINGTON — The U.S. and China are about to declare a pause in their trade war by signing an initial pact at the White House this week, but a continuing battle over technology is bound to keep relations between the two superpowers on edge. The Trump administration’s immediate focus isRead More →
When hedge-fund billionaire Ray Dalio asked a crowded ballroom at a Milken Institute conference earlier this year whether they agreed that the current economic system needs to be renovated, most hands were raised. “If we don’t agree, we’ll have some form of revolution; that could be to abandon capitalism orRead More →
Wall Street and the news media have paid considerable attention to U.S. home mortgage modifications, but not much notice has been given to the growing problem of re-defaults on these modifications. Re-defaults are a massive problem — and endanger the U.S. mortgage and housing markets. What is a mortgage modification? InRead More →
Facebook’s latest virtual reality (VR) device, called Oculus Quest, gets good reviews. It offers “six degrees of freedom” of movement, which pushes the boundaries of user interaction with content. There are no messy wires. Apps download straight to the device and WiFi connects users for multiplayer games. But there’s aRead More →
Once we get past another batch of big earnings, notably Apple’s after the close of trading Tuesday, investors will need to get ready to face the Fed full on. And vice versa for the U.S. central bank, which will come up against financial markets that have grown increasingly uneasy withRead More →
