Sterling is back into its pre-Brexit referendum range versus the dollar, quite an amazing achievement from the depths of Brexit despair in late 2016. While dollar weakness has driven all the major currencies stronger, some of the fire under sterling has been driven by the Bank of England’s recent desire to raise rates. That desire, like many things in life, ...

The International Monetary Fund (IMF) said it expects the global economy to expand 3.9 percent this year and next, a forecast that is unchanged from January estimates. That’s the good news for markets. The bad news is that there was something much more important in the IMF report this quarter: caveats about risks related to protectionism and global conflict. Given ...

I recently returned from a trip to Japan. I’ve been going there for many years, so I can confirm that traveling in that country — especially for longer periods of time — is infinitely easier than it was just a decade ago. One of the main reasons is Airbnb. Ten years ago, lodging in Japan was limited to overpriced hotels ...