Federal Reserve Chairman Jerome Powell tried to thread the needle between dovish and hawkish at his press conference, but realistically had no hope of pleasing market participants who thought a series of interest-rate cuts were already in the bag. The Fed just isn’t there yet. This reduction in rates was the insurance against bad outcomes. Going forward, conditions will need ...

Boris Johnson is playing the part of the “madman” negotiator to a tee. The new British prime minister insists he will take his country out of the European Union on October 31 with either a completely new withdrawal deal or none at all — however high the economic cost. With Johnson refusing to even meet his EU counterparts until they ...

As if the luxury goods industry didn’t have enough to worry about with the troubling developments in its key Asia markets, Hugo Boss AG has raised the specter of things going wrong in America too. The maker of smart suits said that its sales (when excluding currency movements) and earnings growth would be at the lower end of its anticipated ...