In Los Angeles, Angel City FC Is a Hit In Its First Season

In Los Angeles, Angel City FC Is a Hit In Its First Season

Hollywood blockbusters that launch with a blast often fizzle when the hype wears off. But when Angel City FC plays its final home regular season match on Sunday, the National Women’s Soccer League expansion team in Los Angeles will have blown past its original franchise goals—and begun planning for a sequel. When Angel City began … Read more

Central Banks May Stoke Risks by Raising Interest Rates Together

Central Banks May Stoke Risks by Raising Interest Rates Together

Central banks around the world are raising their key interest rates in the most widespread tightening of monetary policy on record. Some economists fear they may go too far if they don’t take into account their collective impact on global demand. According to the World Bank, the number of rate increases announced by central banks … Read more

Don’t look for a stock market bottom until a soaring dollar cools down. Here’s why.

Don’t look for a stock market bottom until a soaring dollar cools down. Here’s why.

It will be difficult for the stock market to stop its slide and find a bottom as long as the U.S. dollar keeps soaring versus its rivals, according to market analysts. Global stocks suffered a bruising week, with the S&P 500 on Friday narrowly avoiding its lowest close of the year. At the same time, a … Read more

A Gilded Age Mansion Asking $14.5 Million Is Washington, D.C.’s, Priciest New Listing

A Gilded Age Mansion Asking .5 Million Is Washington, D.C.’s, Priciest New Listing

In 2016, Amazon’s Jeff Bezos paid $23 million for two side-by-side historic mansions in Washington, D.C. The sprawling early-1900s houses had been a museum, but Mr. Bezos converted them into a massive home, where he has since thrown glittering parties attended by the likes of Bill Gates and Ivanka Trump. Now another one of the … Read more

U.S. stocks suffer another week of losses, Dow ends lowest since November 2020 as bond yields hammer equities after Fed rate hike

U.S. stocks suffer another week of losses, Dow ends lowest since November 2020 as bond yields hammer equities after Fed rate hike

U.S. stocks closed sharply lower Friday, with the Dow Jones Industrial Average ending at its lowest closing value since November 2020. All three major benchmarks suffered another week of losses as bond yields rose in the wake of the Federal Reserve’s interest rate hike on Wednesday. For the week, the Dow dropped 4% while the … Read more

Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history

Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history

““I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when everything was booming.”” — Jeremy Siegel Wharton professor Jeremy Siegel has a bone to pick with Federal Reserve Chair Jerome Powell. The longtime … Read more

Ford’s Latest Supply-Chain Snarl: Not Enough Blue Oval Badges

Ford’s Latest Supply-Chain Snarl: Not Enough Blue Oval Badges

Ford F -3.60% Motor Co. has delayed deliveries of certain vehicles because it didn’t have the blue oval badges that go on them, in another example of how supply-chain challenges have hit auto makers. The car company has run into supply constraints with the brand-name badges and the nameplates that specify the model, according to … Read more

Five Best: Books About Children

Five Best: Books About Children

1. Children barely featured in our literature before the late 18th century, counting for little in social life. Raising a child often appeared synonymous with breaking its will. To a 17th-century citizen, a child was a grossly insufficient adult, trapped for years in a slow process of becoming. Tender expressions of love and grief in … Read more

Dow falls below June low — here’s what it would take to enter bear market

Dow falls below June low — here’s what it would take to enter bear market

An ugly Friday for global equities led to a sharply lower start for Wall Street, as investors eye a potential retest of crucial support on the price charts at the June lows. The Dow Jones Industrial Average DJIA, -1.46%, in fact, was down 390 points or 1.3%, at 29,687, trading below its June 17 closing … Read more