By now, almost every finance aficionado knows about the problems in the hedge-fund industry. With almost $3 trillion in assets under management, the industry has been bedeviled by complaints of underperformance and high fees. Large institutions that put money into hedge funds are now reversing course, led by endowments and pension funds. Redemptions totaled $20.7 billion in the three …

  The U.S. Federal Reserve appears to be paying more attention to how its policies affect black Americans. This is a wise move, because blacks stand to gain a lot more than others from the Fed’s efforts to support economic growth. The minutes of the Fed’s July policy-making meeting noted that officials had discussed unemployment rates and other measures of …

  An escalation of tension between Russia and Ukraine augurs bad for both. The two countries are going through throes of deplorable financial crisis and the diplomatic flareup will only worsen the already dismal situation. The hostilities have badly hit their economies and it is in the interest of both that the conflict is not allowed to intensify further. The …