Puerto Rico files for bankruptcy in last-ditch attempt to sustain public services

Puerto Rico has filed for a form of bankruptcy in a desperate bid to stave off creditors and maintain essential services to its 3.4 million citizens, nearly half of whom live in poverty. Analysts lauded the decision by the insolvent US territory, which owes more than...

Economic Trends: We’re Getting Awfully Close to Full Employment

Economic Trends By NEIL IRWIN May 5, 2017 There is one prism through which we should analyze the April jobs numbers released Friday and each of the remaining reports in 2017: How close to full employment are we, really? That is the apparently simple yet...

Just in case … Here’s what will happen to markets on Monday if Le Pen wins

Elections are tough to trade. Just look at Trump, who was forecasted to be a surefire massive recession-maker if he somehow pulled out the election. Instead, he has led the market way up ever since being elected in November. Or Brexit. So of course, in France, Le Pen...