It is not easy being in Christine Lagarde’s shoes. The incoming president of the European Central Bank (ECB) has not yet presided over her first Governing Council meeting, but she will have to face down a revolt over the central bank’s decision to restart quantitative easing before she even starts. Lagarde may want to thank Mario Draghi for pushing through ...

For years, thriving cities in coastal regions of the US have become increasingly expensive to live in. As cities such as San Francisco, New York City, Los Angeles and Seattle became more attractive, thanks to booming knowledge industries and falling crime, rents soared: And for almost as long, people have been hotly debating what to do about the problem. Many ...

Bloomberg Bonds rallied globally while stocks struggled for traction as investors marked time until the Federal Reserve was expected to conclude its policy meeting on Wednesday, with officials expected to cut interest rates again and possibly move further to calm overnight-loan markets. The dollar rose. Government bonds climbed from London to Tokyo before the expected easing in the world’s biggest ...