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Kyle Bass Says History Will Remember Xi for Reckless Policies

Hedge fund manager Kyle Bass, who has been betting against the yuan and warning of a collapse in China’s banking system, said the nation will one day come to regret handing Xi Jinping more enshrined President Xi’s policies alongside those of former leaders Mao Zedong and Deng Xiaoping. Xi, who

Xis Key Milestone Positions Him to Rule China for Decades

Whether or not Chinese President Xi Jinping signals a successor Wednesday, he’s amassed enough power to effectively rule for decades.The Communist Party Video: How Xi Went From Feeding Pigs to Ruling ChinaThe congress also selected 204 full Central Committee members, who will in turn elect the Standing Committee on Wednesday. The

Janet Yellen Cant Help Retirees

For millions of aging Americans, the interest rate hikes from the Federal Reserve will provide relief, you’re wrong.Many graying Americans, particularly the poorest, have saved so little and borrowed so much that raising rates will have no real positive impact and may even hurt. The result could be a still-wider

The Way We Get Electricity Is About to Change Forever

Batteries are everywhere these days: in our iPhones, toothbrushes, vacuum cleaners, and electric cars. But batteries—really big batteries—are just getting started.The idea is that grid-sized versions might be used to store excess wind and solar power, smoothing out the peaks and valleys of the electricity supply. There’s just one problem:

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

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

Rich People Dont Want Ivanka Trumps Fashion

At a T.J. Maxx discount shop in the shadow of New York’s Queensboro Bridge, there’s little sign of Ivanka Trump’s fashion label. But she’s there. Dangling next to a bright red Fossil handbag is a single, blush-leather Ivanka Trump satchel. A flip of the tag reveals a $129 price, about the same as the other bags on

What Wall Street Is Saying About Snap’s Second-Quarter Results

Not even a filter can fix the chart of Snap Inc.’s shares. The stock fell as much as 18 percent after the maker of the Snapchat mobile application for sending disappearing photos and videos reported disappointing results. Growth, something Wall Street has been closely watching for the social-media company since its