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Bond King Bill Gross Falls to the Middle of the Pack

Bill Gross once oversaw $2 trillion in assets and was named fixed-income manager of the decade in 2010 by mutual funds researcher Morningstar Inc. A 2004 biography called him “the bond king.” In an era of index investing, he’s one of a handful of mutual fund managers—much less bond fund

Surviving a Heroin Overdose May Soon Depend on Where You Live

In southwest Ohio, people die from national rate. In the future, whether someone survives could hinge on what county they’re in.The sheriff in Butler County this summer suggesting ambulance crews shouldn’t have to save the lives of some people who have been revived before.In neighboring Hamilton County, which includes Cincinnati, officials

This Is the Crazy Tax Math Trump Must Master, Fast

The math makes clear that Trump’s 15 percent rate is impossible. But by putting out an reaching out to Democrats; on Sept. 12, he invited three key senators to dinner at the White House. It’s the art of the deal as Trump prepares to embark on a multicity tour to

Scammers Are Constructing Fake People to Get Real Credit Cards

On a warm day in May, agents from the FBI and the U.S. Postal Inspection Service descended on a leafy neighborhood in South Carolina and raided the home of a DJ suspected of using fake identities to obtain 558 credit cards from Capital One Financial Corp.Outside the house in Rock

Your Next Phone Will Probably Cost You $1,000

When U.S. wireless carriers started winding down their heavy smartphone subsidies a few years back, many Americans kicked the new-model-every-two-years habit that had become routine early in the iPhone era. Those who didn’t have had to accept prices ticking slowly higher as Apple Inc. and Samsung Electronics Co. try to outdo one another with

While Dreamers Are in Purgatory, the GOP Is in Hell

For months, Donald Trump seemed genuinely torn over what to do about the Deferred Action for Childhood Arrivals (DACA) program, the Obama-era initiative that shields immigrants from deportation if they were brought to the U.S. illegally as kids. On the campaign trail, Trump rescind DACA and give Congress six months

An Activist Investors Latest Tactic: Playing Nice

As Nelson Peltz, founder of Trian Fund Management, angles for a seat on Procter & Gamble Co.’s board, he’s pledging to back social, environmental, and governance issues in ways that may appeal to the consumer-products giant’s institutional investors.Weeks after disclosing its stake in P&G in February, Trian updated its website

This Is What Climate Change Sounds Like

One of the best instruments scientists can use to map climate change is roughly the size of a thumb—and adorable. The humble tree frog (genus ) has proliferated from Florida to Alaska, yet it’s a delicate critter. Its disappearance from a habitat is an early warning that the place is

The $4.7 Billion K-Pop Industry Chases Its Michael Jackson Moment

At a mountain retreat south of Seoul, some three dozen aspiring pop stars practice synchronized dance moves while singing into bottles of tea they grip in place of microphones. Then they do it again. And again.Endless repetition, tear-inducing critiques from coaches, smile practice, and psychological counseling are plot points in

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