From West Virginia to Arizona, public-school teachers are in revolt. They are demanding better pay, and they deserve it — so long as their salaries are tied to their performance. It’s not that US teachers are underpaid; the median income for the country’s 1 million high-school teachers, for example, is more than 50 percent higher than that of the general ...

Everyone loves an underdog, unless it’s Rodrigo Duterte and the Philippine peso. The Philippines is Asia’s worst stock and currency market this year. A 6 percent slump in the benchmark index combined with a 4.6 percent slide in the peso means US dollar-based investors are looking at double-digit losses. Year-to-date, foreigners pulled more than $580 million from shares, after inflows ...

The return of volatility in the first quarter versus 2017 was our focus last week. Some interesting pushback followed the premise that prices seem to ignore news sometimes and at other times hang on every headline. My explanation: Most people have this correlation backward. Contrary to widespread belief, the news does not drive markets or prices; rather, it is the ...