Category: Economy

Large U.S. banks have high exposure to U.K.

Major U.S. banks have high financial exposure to the United Kingdom, and could face increased risk on loans and deposits at their branches there as the result of last month’s Brexit vote, according to recent report. Citigroup,...

Does a $70,000 minimum wage work?

About a year ago, Gravity Payments CEO Dan Price turned the national debate over a $15 minimum wage inside out by announcing that he was raising the salaries of his 100 or so employees...

Negative Rates Hit Global Shipping Market

The owner of the world’s biggest shipping line says negative interest rates are hurting the industry by delaying the consolidation wave so badly needed. The monetary policy environment “means that consolidation will be much...