The encouraging noises emanating from Washington make it more likely, although it is still far from certain, that a deal to prevent the fiscal cliff will be reached and that any adverse impact on the...

We would warn against reading too much into the performance of retail sales on Black Friday as there is little evidence that it will set the tone for sales during the whole holiday season. More...

Some have argued that the election result, which maintained the broad status quo of a divided Congress, was the worst possible outcome for the fiscal cliff negotiations. But as far as the fiscal cliff...

The re-election of President Obama removes one uncertainty that has been weighing on the markets over the last few months. But they are none the wiser about if, how and when Congress will deal with...