This year’s family reunion: matching T-shirts, BBQ—and financial advice
The sprawling Rosenthal clan is meeting this weekend to reconnect and empower future generations with family wisdom on finding success.
Economics
What I’ve been reading
If you want to understand wealth in America, a good place to start is The Everywhere Millionaire by Owen Zidar
For many Americans, the math of homeownership simply doesn’t add up any more
The long list of spiraling costs includes property taxes, insurance, maintenance and home improvements. Source link
Watch a video to learn more about what it means to be working class in America
WSJ’s Janet Adamy explains the surprising findings of what it means to be working class in the U.S. Source link
The Fed’s vice chair of supervision spoke at a private dinner Bank of America hosted for clients hours after the central bank announced its latest policy decision, according to people familiar with the event
A closed-door event hosted by Bank of America featured Michelle Bowman, the vice chair for supervision. Source link
European leaders are grappling with how to stem a flood of Chinese exports hammering their industries—and whether they are ready for a trade war with Beijing over the problem
European Union leaders are struggling for consensus on how much to restrict imports that are battering their industries. Source link
Week Ahead for FX, Bonds: U.S. Inflation Data in Focus as Prospects of Fed Rate Hike Increase
The Federal Reserve’s favored inflation measure will be watched closely after the central bank recently signaled the possibility that its
The U.S. has launched a trade investigation into a German plan to cut spending on pharmaceuticals, a move that could result in fresh tariffs
The investigation comes after Berlin said it would require drugmakers to offer bigger discounts on medicines. Source link
Dollar Rises to One-Year High, U.S. Markets Closed for Holiday
The dollar gained as investors continued to digest the increased likelihood of higher U.S. rates following Wednesday’s Fed meeting. Source
BOJ Deputy Governor Warns of Risk from Delaying Rate Hikes
Raising interest rates can curb economic activity, but the Bank of Japan’s deputy governor Ryozo Himino sees an even bigger