Category: Finance

The U.K.’s opposition Labour Party suffered a dramatic split on Monday morning after a group of its politicians decided to leave in protest over leader Jeremy Corbyn’s handling of Brexit. The breakaway group comprises the influential pro-European parliamentarian Chuka Umunna, as well as Luciana Berger, Chris Leslie, Angela Smith, Mike Gapes, Gavin Shuker and Ann…

During the 35-day government shutdown, media coverage tended to focus on the struggles of federal employees who missed their paychecks. Hundreds of thousands of government workers, indeed, had a tough time, in some cases having to turn to loans or moonlight as Uber drivers to make it through the barren period. Still, the vast majority…

London markets were down on Monday, losing some of the advances made last week, with trading volumes potentially lower due to a U.S. holiday. Investor concerns remain over trade negotiation progress between the U.S. and China. Meanwhile, consumer goods company Reckitt Benckiser Group PLC added close to 4% after posting results. How are markets performing?…

Saudi Arabia on Sunday denied reports that its crown prince was bidding to acquire the famed Manchester United soccer club, suggesting it’s all been a misunderstanding. In a tweet, translated by Google, Saudi Minister of Media Turki Alshabanah said: “The news that Prince Mohammed bin Salman’s desire to acquire Manchester United was completely unfounded. In…

That is the famously plain-spoken Charlie Munger, speaking to CNBC’s Becky Quick in an interview on the network that aired on Friday. “They’re old. They keep your hospitals busy. They don’t burden your schools, the police department, your prisons. They give a lot. Who wouldn’t want rich people?” The nonagenarian’s comments come as Amazon.com Inc.…

LONDON — A U.K. parliamentary committee rebuked Facebook Inc. in a new report that calls for regulation and intensified scrutiny of social-media companies. The report urged a compulsory code of ethics for technology companies to deal with harmful or illegal content on their sites. It also called for the creation of an independent regulator that…

U.S. financial markets will pause Monday in observance of Presidents Day — which, technically, is not the name of the holiday. The New York Stock Exchange and Nasdaq will shutter on Feb. 18. And the Securities Industry and Financial Markets Association, or Sifma, is recommending no trading in dollar-denominated securities, meaning the closely watched 10-year…

Financial advisers can do a lot of good. They can stop you making stupid decisions. They can stop you panicking. They can pressure you to budget better, get the right insurance, make and stick to longer-term plans, and do important things like keeping an up-to-date will. At their best, they’re both a trusted counselor and…

Don’t miss these top money and investing features: The trouble with bear markets is that stock investors typically don’t know they’re in one until they’re in one. Investment advisers may also be taken by surprise. That’s why it’s crucial to have realistic expectations of the market, especially when it comes to volatility and risk. Investors…

MARKETWATCH FRONT PAGE Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez slammed Amazon for getting a federal tax refund this year and last despite booking billions in profit. A close look at Amazon’s finances shows the Vermont independent and Bronx Democrat will have more to get upset about, because the internet giant has billions of dollars…