Stocks and bonds; emerging markets and advanced economies; urban office towers and Iowa farmland; you name it, and it is trading at prices that are high by historical standards relative to fundamentals. The inverse of that is relatively low returns for investors.
For most of America, Reno stirs images of worn-out casinos, strip clubs and quick divorces. But it is trying to change that reputation and reduce its reliance on gambling by taking advantage of its location and low taxes to gain a solid footing in the new economy.
A severe thunderstorm packing winds estimated at more than 80 mph spawned a tornado, injured at least six people and caused significant damage to homes in western Michigan, officials said Monday, and storms with tornadoes damaged some homes in Iowa.
A federal appeals court has dealt a new blow to Arizona in its series of immigration-related crackdowns, ruling that the state cannot deny driver's licenses to young immigrants who are allowed to stay in the U.S. under a 2012 Obama administration policy.
SANTA CLARITA, Calif. (AP) — A roller coaster hit a tree branch at the Six Flags Magic Mountain amusement park, dislodging the front car and leaving four people slightly injured and about two dozen others stranded about 20 feet in the air for hours, authorities said.
The authorities are said to have begun settlement talks with Commerzbank over its dealings with Iran and other countries blacklisted by the United States, to pave the way toward talks with Deutsche Bank.