Politics
Biden Enters Last Stretch With $114 Million Cash Edge Over Trump
Politics
Rishi Sunak Surprised Top U.K. Officials With One-Year Spending Plan
Politics
Britain to Resume Trade Talks with EU Amid Signs of Progress
Politics
Mexico Recovery Seen Rosier by Bank After Rapid Reopening
Politics
Blue States Back Minnesota Ballot Deadline Against GOP Appeal
Politics
Bolsonaro Slams Chinese Vaccine His Government Agreed to Buy
Tech
Snapchat Co-Founders Share $2.7 Billion Windfall
Opinion
Noah Smith
Old-Age Is the Next Global Economic Threat
While the world wrestles with a deadly pandemic and how to confront climate change, there’s another, long-term global challenge that no one really knows how to deal with: Population aging.
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Brian Chappatta
Goldman Sachs Traders Slow Down, But the Bank Doesn't
-- Goldman Sachs Group Inc.’s traders set an impossibly high bar for themselves to clear in the second quarter. As expected, they couldn’t keep up that kind of frenetic pace in the three months through September. But the bank didn’t need them to
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Clara Ferreira Marques
Give China a Cheer for Making Polluters Pay
- China’s ambitious pledge to decarbonize by 2060 requires the world’s top polluter to dramatically raise the cost of spewing greenhouse gases into the atmosphere.
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Lionel Laurent
You Can’t Blame the EU for Not Trusting Boris Johnson
This is not the Brexit endgame Boris Johnson expected. Thursday was supposed to be the U.K. prime minister’s make-or-break moment for reaching a trade deal with the European Union before the transition period ends on Dec. 31.
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Michael R. Strain
Biden Would Smother the Economy by Raising Taxes
high priority for a Biden White House would be to raise taxes on high-income Americans, and to push the corporate rate up to 28% from 21%. This would satisfy many progressives who want to see higher taxes at the top
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Brian Chappatta
JPMorgan Didn’t Signal a Turning Point for the Economy
You could almost feel the shockwave that JPMorgan Chase & Co. sent across Wall Street on Tuesday morning with its third-quarter earnings. Investors have always scrutinized results from the biggest U.S. bank
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David Fickling
China's Coal Import Ban Has More Bark Than Bite
Remember in June when China called a halt to purchases of U.S. soybeans and then stopped buying U.S. soybeans? Or last year, when China blocked imports of Australian coal and then stopped buying Australian coal? Yeah, me neither.
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Julian Lee
Covid-19 Is Big Oil’s Asteroid Strike
- Covid-19 may do for Big Oil what the Chicxulub asteroid did for the dinosaurs when it struck Earth 66 million years ago. Much like the “terrible lizards,” Big Oil was already in decline before the novel coronavirus hit
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Bill Dudley
The Covid Crisis Exposed What Financial Reformers Missed
After the U.S. financial system came to the brink of collapse in 2008, Congress and regulators spent years on renovations designed to prevent that from ever happening again
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Andreas Kluth
Trump or Biden, the U.S. and Europe Will Split
Slowly but surely, the Mid-Atlantic Ridge keeps pushing the North American and European plates apart, at the rate of about an inch a year. Something similar is happening in geopolitical tectonics
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The Editors
The Fed Is Right and Trump Is Wrong: Stimulus Can’t Wait
President Donald Trump has told his team to stop discussing a new stimulus package until after the election. He should pay closer attention to what Jerome Powell said to the National Association for Business Economics a few hours before
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Michael R. Strain
K-Shaped Recoveries End Well for Everybody
There’s a lot of chatter about which letter of the alphabet will represent the shape of the eventual recovery from the pandemic recession. Hopeful politicians predict a V, representing a rebound as robust as the downturn was calamitous
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Mohamed A. El-Erian
Trump Illness Exposes Underlying Market Tension
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..
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Conor Sen
America’s Economy Has Broken the Curse of the ‘70s
he Federal Reserve spent the past several years shifting to a policy framework that emphasizes employment more and inflation less. This made it more patient with business cycle expansions
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David Fickling
We're a Long, Long Way From Running Out of Gold
Here’s one potential reason to add some bullion coins or bars to your investment portfolio: They’re not making any more of them. All the gold that’s ever been mined would fit into a cube with edges 22 meters long
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The Editors
End the Stalemate Over Coronavirus Relief
- Last week, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin finally got around to talking about a new round of coronavirus aid, and yesterday the Democrats released a new plan
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Andreas Kluth
Should We Have Corona Lockdowns Just for the Old?
he mayor of Moscow just ordered all Muscovites older than 65 to stay at home. This idea of restrictions imposed on just one category of citizens — those most at risk of dying from Covid-19
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Julian Lee
Oil Heavyweights Look Ready for a Showdown
Oil producers could be set for another showdown before the end of the year, with heavyweights Saudi Arabia and Russia holding different views on how to approach the halting recovery in oil demand.
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Noah Smith
Trump’s Threat to Democracy Threatens the Economy
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
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Jonathan Bernstein
If Trump Prepares for Tyranny, Will Republicans Follow?
- 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...
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Tim Culpan
Blacklisting U.S. Tech Would Highlight China’s Own Weakness
Plans by China to draw up a blacklist of U.S. technology firms might sound great to hardliners as a retaliatory measure against Washington, but would most likely backfire
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Niall Ferguson
California Burnin’ — a Warning Against One-Party Rule
I was with him all the way until he said the words “on climate change.”
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The Editors
Powell Can’t Disguise the Limits of Monetary Policy
Federal Reserve Chairman Jerome Powell has made his first policy announcement since unveiling the central bank’s new monetary strategy in August. Financial markets have plenty of questions about the plan, but Powell on Wednesday provided..
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Brian Chappatta
The Fed’s ‘Explicit Guidance’ Is Full of Loopholes
Federal Reserve officials determined at their meeting two months ago that providing greater clarity about the likely future path of the federal funds rate “would be appropriate at some point.” That moment is now.
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Brian Chappatta
Wall Street Economists Channel Powell's Fiscal Vision
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
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Tim Culpan
In TikTok Sale, Microsoft Is No Loser and Oracle No Winner
Heartiest of congratulations go to Microsoft Corp. Six weeks after announcing to the world it was in talks to buy TikTok, the American software giant comes out to tell us it didn’t get the gig.
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Justin Fox
It’s Been a Bad Year to Be a Tourist Magnet
Like a lot of countries in East and Southeast Asia, Thailand has done a pretty spectacular job of controlling the coronavirus pandemic. There have been just 3,446 confirmed cases of the diseas
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The Editors
Trump’s Eviction Ban Doesn't Go Far Enough
Millions of people in the U.S. are facing the threat of eviction amid one of the worst health and economic crises in the nation’s history. Helping them should be a top priority.
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Aaron Brown
Biden Plan to Improve the 401(k) Does the Opposite
I’ve written a couple of recent columns found here and here on fixes needed to restore the value of 401(k) and other deferred tax retirement plans for young median-wage workers.
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Shuli Ren
A Bubble Scarier Than Big Tech Is Brewing in China
In China, an even scarier bubble than Big Tech is brewing. It's engineered not by the nation’s notorious mom-and-pop investors, but professional stock pickers. These days, even a soy sauce maker can be valued at 100 times earnings.
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Marcus Ashworth
Trump or Biden, Who's Best for Dollar vs. Euro?
Strategists at JPMorgan Chase & Co. wrote this week about the odds narrowing on a Donald Trump win in the U.S. presidential election. His opponent, Joe Biden, is still comfortably ahead in the polls, but the bank’s commentary got me thinking
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Mark Gilbert and Marcus Ashworth
A Currency War Is the Last Thing the World Needs
“It's our currency, but it’s your problem,” John Connally, Richard Nixon’s treasury secretary, told the world in 1971. Four decades later, the dollar’s weakness threatens to incite a full-blown currency war
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Robert Burgess
Murphy’s Wall Street Tax Plan Has Pros and Cons
The Covid-19 pandemic and resulting recession have wreaked havoc on U.S. state budgets. Lawmakers are looking for news ways to generate revenue to help close the spending shortfall.
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Paul Podolsky
Negative Real Rates Aren't Reversing Anytime Soon
The collapse in real interest rates to below zero means the U.S. government is being paid to borrow and spend. This is obviously rare, but that doesn’t mean the situation will soon reverse.
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Daniel Moss
The Fed Is Fighting the Last War on Inflation
By signaling a more relaxed view of inflation and foreshadowing U.S. interest rates will stay lower for longer, the Federal Reserve has given Asia’s economic chiefs a green light to rev commerce well into the coming decade.
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Ramesh Ponnuru
Trump Oversells His Economic Success Story
Economies have a stubborn habit of not cooperating with political narratives.At start of the year, the gaggle of Democrats running for president wanted very badly for “President Trump’s economy” to be failing most Americans.
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The Editors
The Fed’s Big Rethink on Monetary Policy
In his speech this week for the annual Jackson Hole conference, Federal Reserve Chairman Jerome Powell will talk about the central bank’s long-awaited review of monetary policy.
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Andreas Kluth
Women Have Been Better Leaders Than Men During the Pandemic
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.
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Max Nisen
Pharma Rivals Are Fighting Covid Together. Why Stop There?
The world is relying on drugmakers’ expertise to get us out of the Covid-19 crisis — initially with treatments to help lessen the risks from contracting the virus, and then ultimately with a vaccine.
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Chris Bryant
Did Europe Make a Mistake Reopening Its Borders?
Was is it all for nothing? With Spain, France and Germany recording the highest number of virus cases since they emerged from lockdown, the danger that Europe blows its best chance of taming the coronavirus grows by the day.
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Shuli Ren
China Just Killed Its $491 Billion Private Loan Market
Sometimes you've got to wonder what Beijing’s priorities are: helping small businesses weather the Covid-19 storm or taking victory laps. The message to the private banking world is unclear.
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Robert Burgess
The Stock Market’s Improbable Recovery Explained
Judging solely by the stock market, no one would know that the economy is suffering its worst downturn since the Great Depression because of the coronavirus pandemic. After plunging 34% over almost five weeks in February and March...
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Tim Culpan
Trump Just Took the Nuclear Option on Huawei
In May, the administration of President Donald Trump mandated that manufacturers globally couldn’t use American technology to produce chips designed by Huawei.
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Daniel Moss
Japan Has Always Scraped By. Covid Will Make That Harder
Despite being written off by skeptics as an economic wasteland for the past three decades, Japan has often managed to scrape by, and has even enjoyed periods of sustained growth.
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Nisha Gopalan
China May Dismiss U.S. Sanctions. Its Banks Can’t
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...
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Conor Sen
Don't Sweat a Temporary Spike in Inflation
July’s surprisingly strong consumer price data may raise understandable fears that inflation is making a comeback. After all, the Fed is aggressively supporting the economy, Congress has allocated trillions of dollars in fiscal relief
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Ramesh Ponnuru
Biden Makes the Safe Choice With Kamala Harris
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
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Tim Culpan
SoftBank Gives Up Pretending It Isn't a Fund
Once the owner of two telecom companies and a collection of other operating businesses, the Japanese conglomerate would report quarterly operating profit and net income.
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Lionel Laurent
What Spain Is Telling Us About Second Wave of Coronavirus
Last week’s 750 billion-euro ($877 billion) Covid-19 rescue fund marked a high point in the European Union’s plan to tackle the economic fallout of the virus.
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Therese Raphael
London Needs the Tube and the Tube Needs Londoners
Now an underground system that has defined the life and character of a city since 1863 is edging toward a financial abyss, as social distancing and home-working become the new norm.
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Joe Nocera
I Was Wrong About Florida’s Response to Covid-19
Florida is now the epicenter of the pandemic in the U.S. Since July 10, the number of new positive cases has averaged more than 10,000 a day. As of Wednesday, the total number of cases was nearly 380,000 according to the state’s health department.
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Tyler Cowen
The U.K.’s Response to Covid-19 Has Been World-Class
When the discussion turns to which countries have responded best to Covid-19 — and if nothing else, the pandemic frees up a lot of time for this debate — those most often mentioned are Taiwan, New Zealand and Vietnam.
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Ferdinando Giugliano
The ECB Can't Slow Its Stimulus Buying Yet
Since the pandemic in Europe appears relatively contained, some central bankers may find it tempting to discuss when and how to begin withdrawing emergency stimulus measures. President Christine Lagarde should ignore such suggestions.
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Daniel Moss
You Want the Truth? You Can't Handle Total Lockdown
Second waves of coronavirus outbreaks may not mean reimposing blanket restrictions on activity in Asia. The region’s economies, which have seen more than half a century of growth grind to a halt, won't be able to handle it.
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Teresa Ghilarducci
The Covid Recession Offers a Chance to Save Money
This pandemic could be a once in a lifetime break in your spending habits, and a breakthrough for your saving habits. As people hunkered down, spending fell drastically for restaurants, hotels and airfares
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Justin Fox
There’s Still a Gaping Hole in the Economy
une was another big month for job growth as employers called back workers from coronavirus-induced layoffs. As a resurgence of the disease in the U.S. raises lots of questions about whether the growth can continue
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Shuli Ren
Wirecard Is a Wild Card, Even Without SoftBank Money
What’s more perplexing, a company that can’t seem to avoid due diligence failures, or one that throws its name behind a controversial partner without putting in a dime? Investors in SoftBank Group Corp. may have seen a bit of both
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Andreas Kluth
This Is Angela Merkel’s Swan Song as Leader
Covid-19 is a crucible of leadership. Some people are failing this test — the presidents of Brazil, Russia and the U.S. spring to mind. Others are passing it with flying colors, notably the leaders of New Zealand, Denmark and Taiwan.
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Julian Lee
Trump’s Inaction Makes Oil Market Management Harder
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...
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Tara Lachapelle
SoftBank's Son Hawks a Hot Stock for Cool Cash
As Japan’s SoftBank Group Corp. unloads about 200 million shares of T-Mobile US Inc., more investors get a chance to own a top-performing stock that had been hogged by insiders. SoftBank’s fire sale isn’t a knock on T-Mobile,
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The Editors
What the Next Stimulus Should Look Like
So far, the U.S. economic-policy response to the coronavirus crisis has been impressive. Nobody could accuse Congress and the Federal Reserve of being timid about supporting output and employment.
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Mark Gilbert
If U.S. Stocks Are a Bubble, They’re Hardly Alone
Many of the world’s leading investors are concerned that the recent gains in the U.S. stock market are overdone, given the uncertain economic outlook and the risks of a second wave of the Covid-19 virus
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Noah Smith
Fear of Infection Hurt the Economy More Than Lockdowns
Until recently, it seemed like the contentious debate over lockdowns was over. By the end of May, many states were defying the warnings of public-health experts, reopening restaurants, retail and public spaces
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Noah Feldman
Trump Lawsuit Against John Bolton Is Beyond Frivolous
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
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Marcus Ashworth and Elisa Martinuzzi
Europe Is in Danger of Another Sovereign Debt Doom Loop
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....
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Mohamed A. El-Erian
Stock Exuberance Poses Risk to Broader Economy
A wild week for U.S. stock market indexes was accompanied by some eye-popping moves in individual listings, several of which were apparently driven by retail investors and lacked easy explanations other than exuberance.
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Marcus Ashworth
Bond Issuers Are Living in the Land of Milk and Honey
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 ....
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Shuli Ren
China Is Killing Its Bond Bull to Save Main Street
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
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Nir Kaissar
Stock Market Has Almost Always Ignored the Economy
The S&P 500 Index has surged 45% since it last bottomed on March 23 through Monday, based on closing prices. It’s up 8% since protests began on May 27 in response to the death of George Floyd in police custody in Minneapolis
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Stephen Roach
A Crash in the Dollar Is Coming
he era of the U.S. dollar’s “exorbitant privilege” as the world’s primary reserve currency is coming to an end. Then French Finance Minister Valery Giscard d’Estaing coined that phrase in the 1960s largely out of frustration, bemoaning a U.S
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Justin Fox
There Are Two Recessions, Not One
Of the 21.4 million nonfarm payroll jobs that disappeared in the U.S. from mid-February to mid-April, 17.6 million, or 86%, were in the six lowest-paid (as measured by average weekly wages in February) of the 11 supersectors
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Conor Sen
Big Job Gains Are Coming, But Not Yet and Not Enough
The economic disruption caused by the coronavirus has led to huge questions about what the employment situation in the U.S. will look like in a few months, let alone in the next year or so
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Barry Ritholtz
Gold Is On the Rise Along With Unemployment
The pandemic has changed the state of the economy and with it the most attractive risk assets, according to this week's guest on Masters in Business, economist David Rosenberg. He expects rates to remain very low for as far as the eye can see
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Noah Smith
The U.S. Gets Serious About Catching Up to China in R&D
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,”
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Brian Chappatta
$1 Trillion of Corporate Bonds Today, Downgrades Tomorrow
The amount of new debt issued this year in the U.S. investment-grade corporate bond market will reach $1 trillion today, by far the fastest pace in history. The implications of that milestone depend on how you look at it.
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Liam Denning
Covid-19 Blows a $400 Billion Hole in Global Energy
ovid-19 has blown a $400 billion hole in global energy. How we fix it will determine our success or failure versus that other implacable force of nature: climate change
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Brian Chappatta
Bank Stocks Are Either Cheap or Signal More Pain
Something strange happened in the U.S. stock market on Tuesday. No, it wasn’t that the S&P 500 crossed 3,000 for the first time in almost three months, generating a yelp of joy from the White House and groans from Wall Street veterans
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Julian Lee
The World's Smartest Oil Traders Have Taken to the Seas
The waters off the South African oil storage terminal at Saldanha Bay are getting busy. A small flotilla of tankers full of crude is idling near the busy shipping lanes that link the Atlantic and Pacific Oceans.
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Andy Mukherjee
China's Crypto Is All About Tracing — and Power
he coronavirus has disrupted the world in very large ways. While that battle has been waged, however, another event has almost been missed: the birth of a new kind of fiat currency, which could forever reshape the relationship between money, economic power
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Marcus Ashworth
Germany and France Move Closer to a Euro Bond
Make it quick and keep it simple. That seems to have been the thinking behind Emmanuel Macron’s and Angela Merkel’s surprise master plan for a 500 billion-euro ($543 billion) Covid-19 recovery fund, to be paid for collectively by the European Union
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Shuli Ren
Why Indonesia's QE Is Terrifying
Now that the world’s largest central banks are buying trillions of dollars of bonds, emerging markets reckon they can experiment, too. From Colombia to South Africa, developing nations are launching their own quantitative easing programs
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Julian Lee
U.S. Oil Companies Line Up With Russia, Saudi Arabia
American oil producers have cut much more output than you think. Their reaction to market forces has been bigger than official data suggest, and that means the U.S. is actually working alongside Saudi Arabia, Russia and other big oil producers
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Cathy O'Neil
Meet the Covid Models That Are Running the World
The coronavirus pandemic has thrust mathematical models into a leading role in human affairs. Their predictions are literally a matter of life and death, driving decisions on equipping hospitals
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David Fickling
The WTO Is Dead. Long Live the WTO
Many of the world’s multilateral organizations have the longevity of nation states. The International Telecommunication Union is older than Germany. The World Intellectual Property Organization directly descends from a body Victor Hugo helped to establish.
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Timothy L. O'Brien
Covid-19 Will Sicken the Housing Market Until the Pandemic Lifts
Bill McBride is a trained chemist and self-deprecating data junkie who is publicity-shy. For years he blogged anonymously, eventually outing himself only so he could praise a deceased co-writer in an interview with a reporter.
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Therese Raphael
Stay Alert? Boris Johnson’s Reopening Strategy Confuses Britain
Boris Johnson’s much-anticipated address to the nation Sunday night left many feeling unsatisfied, and others infuriated. For a political team that has often used pithy slogans to devastating effect, the new one unveiled to guide the Britain out of...
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Liam Denning and Nathaniel Bullard
Negative Oil Is Positive for Clean Power
One word explains oil’s recent crash to negative prices: inertia. Those barrels in the pipeline, and the forces that put them there, don’t respond quickly to sudden change.
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Shuli Ren
Crazy Trading on China's Nasdaq Has Its Own Logic
Old habits die hard. China’s Nasdaq-like ChiNext board has staged a comeback this year, rallying 17% to trade at an average of — yes, really — 70 times earnings. Is this misguided enthusiasm by an investor base that infamously engineered a stomach-churning
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Shuli Ren
Buyers’ Remorse Is Catching in the Coronavirus Era
Dealmakers, listen up. If you’re looking to close a transaction, make sure you read the contract terms even more carefully than usual. Buyer’s remorse is spreading in the coronavirus era.
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Brian Chappatta
Leveraged-Loan Investors Let Companies Take the Wheel
Last week, Moody’s Investors Service published its quarterly report on covenant quality in leveraged loans. As usual, it painted a grim picture, with deals in the final three months of 2019 offering the worst investor protections ever seen
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Julian Lee
Oil's Recovery Could Take Decades, Not Years
Who knows what the new normal for oil demand will be once Covid-19 is firmly in the rear view mirror? Not me, that's for sure. But it is likely to be lower than it was in 2019, and it could be that way for many years.
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Gary Shilling
Stock Traders Should Heed the Lessons of the 1930s
Don’t be fooled by the recent rebound in stocks; the investment scene is beginning to resemble the 1929 market crash and the early 1930s Great Depression.
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Brooke Sutherland
Boeing and GE Stare Down an Aerospace Apocalypse
The coronavirus hit to the aviation business is as bad as it was expected to be for Boeing Co. and engine-maker General Electric Co., and that is bad enough. Both companies reported results on Wednesday and the numbers were just ugly.
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Tim Duy
The Fed Will Soon Need to Stem Deflation
Federal Reserve Vice Chair Richard Clarida expressed confidence earlier this month that the U.S. could avoid an outbreak of deflation. I have become increasingly less confident that we can avoid such an outcome
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Joe Nocera
The U.S. Isn’t Protecting Enough Blue-Collar Workers
My son Nick lives in New Zealand, which has done a remarkable job fighting the coronavirus. As of Friday, the nation of 4.8 million people had 1,456 confirmed cases and only 17 deaths.
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Marcus Ashworth
The ECB Prepares the Way for Buying Junk Bonds
The European Central Bank’s meeting on April 30 might be its most important as it tries to manage the devastating economic impact of the Covid-19 virus. While its reaction so far has worked, it will need much greater firepower in the future.
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Julian Lee
Trump Can’t Save Oil Prices With Saudi Import Ban
Banning imports of crude oil from Saudi Arabia is just the sort of gesture that might appeal to President Donald Trump, who has vowed to protect jobs in the U.S. shale patch.
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Robert Burgess
Take Oil's Plunge Seriously, Not Literally
Global market participants were fixed on the oil markets Monday as West Texas Intermediate crude futures crashed to negative — yes, negative — $40.32 a barrel from $18.27 on Friday. What this means is
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Daniel Moss
The Future of Monetary Policy Is Asian
As the coronavirus pandemic continues, Bloomberg Opinion will be running a series considering the long-term consequences of the crisis. This column is part of a package on monetary policy.
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Marcus Ashworth
Stock Market Investors Are Too Optimistic
There has been a V-shaped recovery; in the stock market, not the economy. That is dividing opinion between the doomsayers who think this divergence makes no sense, and those who believe that the Federal Reserve and its central bank peers have this covered
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Politics
Fed’s Brainard Urges More Fiscal Aid in Dark Warning on Outlook
Politics
Morgan Stanley Says Buy Stocks If There’s an Election Plunge
Politics
Doctors Fight ‘Infodemic’ With Americans Seeing Virus as a Hoax
Politics
If the Polls Are Wrong You Want to Be Hedged: Wall Street Votes
Politics
Malaysia’s Ruling Party UMNO Pledges Support for Government
Pursuits
As Catwalks Move Online, Luxury Brands Try to Keep a Human Touch
The Rubenstein Show
Nancy Pelosi

House Speaker Nancy Pelosi, a Democrat from California, talks about gender equality, why she first ran for office and her relationship with President Trump. The interview took place March 8, 2019. 

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Dara Khosrowshahi

Uber CEO Dara Khosrowshahi talks about taking the company public, the future of driverless cars, expansion plans and whether or not he takes an Uber. The interview was recorded on June 11, 2019.

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Arne Sorenson

CEO and President of Marriott International Inc., Arne Sorenson, talks about how he became the first non-Marriott family member to be CEO, and how he manages dual threats from Airbnb and Google. Taped on April 10, 2019.

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Steve Ballmer

Steve Ballmer, former CEO of Microsoft Corp. and current Los Angeles Clippers owner, talks about meeting Bill Gates at Harvard, his early years at Microsoft and subsequent rise to CEO in 2000. Taped on April 26, 2018.

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Tim Cook

Apple CEO Tim Cook talks about working with Steve Jobs, the values at Apple, including privacy and equality, and if he'd run for president. The interview was taped on May 13, 2018.

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Politics
U.K. Expands Areas With Highest Restrictions as Virus Surges
Politics
Spanish Premier Accused of Plot Against Monarchy in Toxic Debate
Politics
Pelosi, Mnuchin Near a Deal, With Post-Election Vote Floated
Politics
Trudeau’s Snap-Election Dare is Rebuffed by Rival Party Leader
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Trump Enters Final Debate Seeking to Make Up Ground on Biden
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Court-Packing Alternatives Start Gaining Traction With Democrats
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Shaken Up By Trump, Auto Lobby Eyes Impact of Biden Presidency
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High-Profile Kidnapping Plot Fans Pakistan Political Crisis
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Big U.S. Treasuries Wagers Bet Against Election Fireworks
Economics
BOE Case for Stimulus Soon Boosted by Feeble U.K. Inflation
Economics
Food-Price Shock Thwarts Central Banks Fighting Historic Slump
Politics
Second-Biggest Moroccan Bank Weighs Stake Sale in Pivot to Asia
Politics
Kremlin Sees More Friction With West as Best Answer to Tensions
Politics
South Africa Moves to Soothe Investor Fears Over Land Grabs
Politics
Boris Johnson Imposes Strictest U.K. Virus Curbs on Manchester
Politics
Trump Campaign Burned Through Almost Half Its Cash in September