Asia’s fastest-growing economies are hiding a dirty secret: Their youngest workers are battling stubbornly high rates of unemployment.

Bangladesh—long considered a development model for slashing extreme poverty—clocked an average of 6.5% economic growth a year for the last decade. But over the past few years, youth unemployment climbed to 16%—the highest level in at least three decades, according to data from the United Nations International Labor Organization.

China and India recorded the same percentage of young people who are seeking work without success. In Indonesia, the rate is 14%. Malaysia’s is 12.5%.

Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more.

Having gone through cost cutting, the toolmaker is poised to benefit from a housing rebound.

The exchange company has diversified into more services for banks, including anti-financial crime tools.

From Dow Jones Newswires

With activity in Canada still weak, unemployment on the rise and inflation falling, BofA Securities sees a small chance of a half-point cut from the Bank of Canada next week but pencils in a quarter-point cut in the policy rate to take it to 4.25%. And with the central bank set to remain data dependent, BofA anticipates a similar cut at each of the remaining 2024 policy meetings to bring the rate to 3.75% by year-end and then down to 3% at end-2025. ([email protected]; @RobbMStewart)

A strong appetite among companies to invest in artificial intelligence is blunting U.S. monetary policy, Apollo's Torsten Slok says in a note. "The economics textbook says that higher interest rates should slow capex spending," but although interest rates are at their highest level in decades, "capex spending by the Magnificent Seven is at record high levels," Slok says. "This is another reason why the monetary policy transmission mechanism is much weaker than usual." The Fed has been keeping interest rates high for more than a year. "Fed hikes are having a much smaller negative impact than normal on business investment decisions because of the strong appetite among firms to invest in AI," Slok says. ([email protected]; @ptrevisani)

The Morgan Stanley director discusses how connections and community in the workplace can help advisers anticipate and meet client expectations.

Abercrombie, Foot Locker, Kohl’s, Nordstrom and other mall chains report mixed quarterly results.

Batteries alone can’t get planes far enough for most flights. But airplane manufacturers are hoping a hybrid plane could be the best way to go.

Credit-builder cards let users deposit money to pay bills. The fintechs say this counts as borrowing.

As the brands she founded seek to recapture her magic, the late designer’s husband and collaborators reflect on what made her special: ‘Katy was more subversive than anyone knew’

Buy Side from WSJ: These Are the Deals Buy Side Staffers Have in Our Carts for Labor Day

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