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Euro Inflation Slows Sharply on Oil Just as ECB Caps Stimulus

Euro Inflation Slows Sharply on Oil Just as ECB Caps Stimulus

Consumer prices rose annual 1.6% in December; median est. 1.7% Core inflation excluding energy, food remains unchanged at 1% Euro-zone inflation hit an eight-month low in December, just as the European Central Bank stopped adding stimulus to the economy. Consumer...
Inside the World’s Most Elite (and Secret) Traders’ Club

Inside the World’s Most Elite (and Secret) Traders’ Club

The nameless group confers “a hunting license” that lets an investor sit at the “big boy table and make high-level trades not available to stupid amateurs.” In an industry where power and influence are measured in dollars and cents, this may be the most exclusive club...
How Come There Are So Many Billionaires in Communist China?

How Come There Are So Many Billionaires in Communist China?

It’s official now that Jack Ma, chairman of the Chinese e-commerce giant Alibaba Group Holdings Ltd., is a member of the Communist Party. He’s also the richest of a growing gaggle of high-net-worth individuals in China, who between them control $6.5 trillion. The...