You’d hardly know there was a UK political crisis going by looking at the pound. Prime Minister Theresa May’s Brexit plan was so distasteful to one of her leading cabinet ministers that he quit — surely that is a recipe for the currency to tank. And yet, sterling managed to climb to its highest in almost a month versus the ...

Rumours of the demise of medium-sized asset managers have proved to be greatly exaggerated, so far. But a combination of rising costs, a stagnant pool of profit and dwindling revenue in the next five years will hasten a divide in the industry between bigger firms enjoying economies of scale, and smaller specialists that can justify charging higher fees by excelling ...

During the past four decades, the US has become much more racially and ethnically diverse. The share of non-Hispanic white people residing in the country is now only 62 percent, while Hispanics and Asians together make up 22.5 percent. Since 2014, less than half of the kids born in the US have been born to two non-Hispanic white parents. Some ...