Bloomberg Thousands of people joined a rally in Thailand to protest against the military-backed government and call for more political freedom, less than a year after a disputed general election. The demonstrators gathered on Sunday in a Bangkok park for an early-morning protest jog against the administration led by prime minister Prayuth Chan-Ocha. Former army chief Prayuth seized power in ...

One of the controversies that swirls around the Federal Reserve — America’s central bank — is whether it could rescue the economy from collapse in the event of another financial crisis. Among economists, there are many skeptics, but Ben Bernanke, who was Fed chairman during the 2007-09 Great Recession, isn’t one of them. In a long and detailed paper, Bernanke ...

Give Macy’s Inc. a polite clap, and no more, for kicking off the retail holiday reporting season in reasonable style. The department store giant said that like-for-like sales from company-owned stores fell 0.7% in November and December, compared with the year earlier period. That’s by no means stellar, but it was much better than its dismal third quarter, when same-store ...