President Donald Trump endorsed a plan to change the way the US immigration system operates. Half of the plan is very good. The other half is bad and counterproductive. The plan, known as the Reforming American Immigration for Strong Employment (RAISE) Act, was developed by Republican senators Tom Cotton of Arkansas and David Perdue of Georgia. It would do two ...

It’s customary for companies reporting a horror-show result to blame the general trading environment, rather than anything within control of management. Commodities trader Noble Group Ltd. is no exception. In declaring that it had been holed below the waterline with a $1.9 billion net loss over the June quarter, the company declared the problem was not with the crew, but ...

Ten years after risky mortgages helped spark a global financial crisis, lenders and policymakers have lost none of their talent for helping people make big-ticket purchases they couldn’t otherwise afford. True, 100 percent mortgages are rare now, let alone the 125 percent loan-to-value deals offered by Northern Rock. Fibbing about your income to get a loan is more difficult, though ...