The goal of all this scrutiny is to root out abuses and create a more level playing field to allow for increased competition. This should benefit consumers in the long run. In the shorter term, however, we may have to accept some unpleasant consequences
The stock market is often misused as a bellwether for the economy, especially in political debates. Yet the market has never reliably moved in concert with the economy. And today the connection between the two is weaker than at any point since World War 2
Beijing’s goal of building a self-reliant technology industry has been elevated to become a strategic pillar, part of the latest five-year plan setting out top national priorities. This means China is redoubling efforts to wean itself off foreign companies
Losses in the main U.S. stock indexes on Friday will go down in history simply as small ones in an otherwise choppy week. But assessed in more detail, they provide a remarkable example of the intense tug-of-war that now grips markets and will most likely..
It’s still possible the November election will go off without a hitch and be settled the way most elections are settled -- by simply counting the votes, assigning electors based on statewide majorities and letting the constitutional rules decide who won
- Let’s be clear: Any attempt by Republican state legislators to appoint their own set of electors — the people who will actually select the next president in the electoral college — in defiance of their states’ voters after the Nov. 3 election...
This is the time to use the great fiscal power of the United States to do what we can to support the economy and try to get through this.” Those words came from Federal Reserve Chair Jerome Powell in late April, about a month after the Coronavirus Aid
The evidence is in: At least during the first wave of Covid-19, countries with female leaders suffered far lower death rates than comparable nations led by men. This doesn’t mean that the trend will necessarily persist in a second or third wave.
Hong Kong and Chinese officials scoffed when the Trump administration imposed sanctions last weekend on 11 individuals deemed to have played a role in undermining the city’s autonomy. Luo Huining, director of the central government’s Liaison Office...
Biden said he was going to choose a woman. The next logical question, once he made that declaration, was whether that woman would be White. So he more or less had to choose a nonwhite woman: A White woman would have been a disappointment to too many Dems
The unprecedented OPEC+ deal in April, which led to drastic output cuts, is now entering its most dangerous phase, with oil demand and prices recovering. At the time, President Donald Trump claimed credit for the breakthrough, even though the U.S...
President Donald Trump’s administration is suing former national security adviser John Bolton in a last-ditch effort to block publication of his forthcoming memoir, which contains damaging allegations about Trump’s attempts to get China’s President Xi
The European Union has been relaxing its rule book for banks — painstakingly built up in the decade or so since the financial crisis — as it tries to manage the impact of coronavirus. Unfortunately, the move might create big problems if economic....
uropean sovereign debt issuers are in the land of milk and honey, racing to get as much as possible of this year’s issuance completed before the summer lull. With so much monetary stimulus sloshing about , governments even have an eye on getting ahead ....
ou’ve got to feel for central bankers. Their hearts are in the right place, with all these efforts to help Main Street businesses weather a bad economy. But their largesse often ends up on Wall Street, in the pockets of traders and big corporate treasurers
For a few years now, commentators (including myself) have been calling for a big boost in research spending by the U.S. federal government. In their book “Jump-Starting America: How Breakthrough Science Can Revive Economic Growth and the American Dream,”
The Rubenstein Show