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A Diversified Portfolio May Not Help Investors Much This Year

By The economy has changed and investors can no longer rely on a diversified stock-bond portfolio to provide protection in times of market volatility, according to JPMorgan Asset Management. Rising inflation expectations and the knock-on effect of higher yields are acting to prevent bonds from rallying in risk-off environments, global strategist Thushka Maharaj wrote in…

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Why Alleged North Korean Links Froze a Baltic Bank

European banks know that violating U.S. sanctions hurts, paying billions of dollars in fines for providing countries like Iran and Sudan access to the U.S. financial system. Now Latvia’s third-largest lender, ABLV Bank AS, has been plunged into crisis after the U.S. said it may label the firm a money launderer for North Korea. That…

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President Trump, I’m Russian and I’m Not Laughing

"They are laughing their asses off in Moscow," President Donald Trump tweeted on Sunday as part of his damage control after 13 Russian Facebook trolls were indicted for meddling in the 2016 presidential election. Really? Some Russians -- including the man who runs the indicted troll factory -- are  indeed laughing, but I'm one Russian…

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