Gunmaker American Outdoor Brands Corp., formerly Smith & Wesson, cautioned its biggest investor Tuesday that one of its greatest business risks was to take political positions unpopular with its pro-Second Amendment customers. American Outdoor manufactured the firearm that killed 17 people last
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The U.K. will take “robust” action against whoever poisoned a former Russian spy, Home Secretary Amber Rudd warned. “The use of a nerve agent on British soil is a brazen and reckless act,” Rudd told Parliament on Thursday. “This is attempted murder in a most cruel and public way. We will respond in
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Steve Roth has written a great primer on national accounting and how it affects the way we think about the economy. His key point is that changes in net worth caused by asset prices fluctuations are just as important as standard measures of income and saving. When people feel richer, they will spend
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When Michael Bloomberg was fired from his job at Salomon Brothers in 1981, he decided not to seek work at another investment bank. Instead, he created a tool that would make him indispensable to employees at all the investment banks: the Bloomberg Terminal, which would become the foundation of
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Asia-Pacific stocks were higher Thursday after markets in the U.S. and Europe stabilized following weakness due to top White House economic adviser Gary Cohn's resignation.
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