Until the market can separate winners from losers, it will struggle to identify leaders and hit new record highs. Judging by the sharp rally after several days of declines, the [...]

The US dollar slid sharply yesterday against a range of currencies—notably the euro, the pound, the yen, and the Australian dollar—with the steepest drop seen versus the yuan. Negative drivers for [...]

President Donald Trump said his chosen candidate to lead the Federal Reserve could boost US economic growth by 15%, an exceptionally optimistic claim that nonetheless highlights the pressure Kevin Warsh [...]