Banks’ pullback from commodities trading is weakening the link between raw materials and equities and helping to re-establish supply and demand as the main factor in setting prices, United Nations researchers say.
Apple Inc. and Facebook Inc. posted earnings that topped analysts’ estimates, benefiting from expansion strategies and joining industrial companies such as Boeing Co. that are being lifted by a strengthening economy.
The townhouse in London’s Mayfair neighborhood where Michael and Yoel Zaoui have their offices is much more modest than the sprawling financial-district headquarters where they spent most of their careers.
Rand Paul came to Chicago yesterday and did something a Republican thinking about running for president typically wouldn’t do: subject himself to a nearly hour-long grilling by the one-time chief political strategist for President Barack Obama.
The smallest wave of municipal borrowing in three years is proving a boon for Illinois. The lowest-rated U.S. state is selling debt for the third time since February after winning the lowest bond costs since 2009.