It’s almost 80 years since Fred Schwed’s book “Where are the Customers’ Yachts?” lifted the lid on Wall Street’s propensity to enrich itself at the expense of its clients. A new study suggests that the most lucrative investment a fund could make would be paying to relocate its operations as far away from the financiers as possible. In a paper ...

FedEx Corp. failed to deliver, as did the Federal Reserve. The two broad factors that shape emerging-market investing – global growth and the path of US rates – aren’t playing out well. On December 19, FedEx shares plunged 12 percent, the most in a decade, as the company cut its earnings outlook just three months after raising it. CEO Fred ...

President Donald Trump can’t say he wasn’t warned about General Motors. In June, GM said that the various tariffs that Trump had either already imposed or was considering could “lead to less investment, fewer jobs, and lower wages for our employees.” These tariffs, the company said, risked “undermining GM’s competitiveness against foreign auto producers.” Now GM has announced that it ...