Policy: Economy

The median American household lost a third of its wealth in the last 10 years

By Joseph Lawler | 07/29/14 05:00 AM

The median American household saw its wealth decline by more than one-third in the past decade, according to a new estimate published by the Russell Sage Foundation.
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Stocks end lower ahead of economic data

By MATTHEW CRAFT | 07/29/14 11:08 PM

NEW YORK (AP) — The stock market fell modestly on Tuesday as investors focused on a batch of big economic reports ahead. On Wednesday, the government releases its look at economic growth in the spring quarter and the Federal Reserve finishes a two-day meeting. The next day, a report on...
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UBS sees profits rise, probed over trading system

By JOHN HEILPRIN | 07/29/14 01:17 PM

GENEVA (AP) — Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by its core wealth management business, and disclosed it was part of a group of financial companies being investigated over alternative trading systems called "dark pools." UBS...
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