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In Provincetown, Covid Hits 14 Friends in Show of Delta’s Might

Israel Blames Iran for Deadly Ship Attack After Tehran’s Denial

U.S. Debt Ceiling Suspension Ends, Congress Unclear on Next Step

Trump Raised $50.5 Million in Six Months, FEC Reports Show

The Covid-19 Outbreak Has a New Epicenter in the U.S.

Tech

Tycoon’s $6 Billion Surge Unseats Samsung Heir as Richest Korean

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In Referendum, AMLO Asks Mexicans Whether to Probe Predecessors

In Provincetown, Covid Hits 14 Friends in Show of Delta’s Might

Israel Blames Iran for Deadly Ship Attack After Tehran’s Denial

U.S. Debt Ceiling Suspension Ends, Congress Unclear on Next Step

Trump Raised $50.5 Million in Six Months, FEC Reports Show

The Covid-19 Outbreak Has a New Epicenter in the U.S.

Laschet’s Approval at Low Ebb in Latest German Election Poll

Draghi Has Stabilized Italy. His Next Task Will Shape His Legacy

U.K.’s Delta Rollercoaster Flips Between Virus Horror and Hope

Pelosi Scraping for Votes to Extend Virus Eviction Moratorium

Andrea Felsted

Get Ready to Pay More for Coffee, Beer, Bread and Snacks

Anxiety about inflation is high. Even as demand roars back, the world’s biggest manufacturers, from The Procter & Gamble Co. to Nestle SA, are seeing the cost of raw materials, whether chemicals or coffee, soar

Lionel Laurent

The French Unicorn Dream Built on Trading Cards

Emmanuel Macron has long dreamed of unicorns. Before the pandemic struck, he called on investors and bankers to help fund 25 French billion-dollar startups by 2025

Marcus Ashworth

Beijing's Crackdown Ruins July for Investors Everywhere

Forget your plans for a quiet, relaxing summer. The stock markets of the world's second largest economy are tumbling; and when Chinese equities turn bearish, it can be brutal.

Liam Denning

Tesla Earnings Calls Still Need Elon Musk

Tesla finally notched a billion-dollar quarter where it counts: the bottom line.

Lionel Laurent

Can the EU Make the U.K. a Good Neighbor?

Boris Johnson’s top Brexit official David Frost wasn’t picked to build bridges.

Andrea Felsted

Can’t Find Milk and Other Staples? It’s Not Just the Pingdemic

Britain’s grocers are facing a perfect storm of Brexit, a record number of people self-isolating (most of them having been pinged by the National Health Service’s Covid app), and soaring temperatures

Barry Ritholtz

Biden’s Bold Plan to Bring Competition Back

The National Economic Council was created by executive order in the early 1990s with the goal of having a White House entity that could coordinate economic policy on behalf of the president

The Editors

The Case for Vaccine Mandates

In much of America, vaccine hesitancy has turned into vaccine defiance. Several states have banned or are considering banning demands by businesses that people show proof of vaccination.

Mohamed A. El-Erian

Delta’s Unknowns Complicate Medical and Economic Responses

The surge in the Covid-19 delta variant worldwide is raising concerns about the robustness of what has already been an uneven and uncertain global economic recovery. The extent of this worry speaks to medical and economic policy issues.

Robert Burgess

The Most Important Number of the Week Is 1.30%

There’s no bigger question in financial markets than why U.S. government bonds — the benchmark for all markets worldwide and the ultimate “risk free” asset — have managed to rally in the face of faster inflation and a booming economy.

Lionel Laurent

How to Make Sure Climate War Doesn’t Become Class Warfare

Trade in coal and steel powered the European Union’s formative years. Now the bloc wants to lead the world on climate responsibility, with a bumper package of proposals from expanding an emissions-trading system to banning fossil fuel car

Bobby Ghosh

Global Hunger Is Back With a Vengeance

Even a short spasm of food inflation can be damaging for the world’s poorest, who are rarely more than a few meals away from hunger. So the current spike in food prices, examined in detail by several of my colleagues, should be setting off klaxons

Tyler Cowen

The Crypto Revolution Will Not Be Public

Financial institutions will have to take a radically different approach to information technology just to stay in business

Lionel Laurent

Europe’s Long March Toward Living With Covid-19

Living” with Covid-19 has been talked about since the pandemic first began: A moment when the coronavirus disease becomes part of everyday life, rather than an overpowering wave of cases and deaths that overloads hospitals

Marcus Ashworth

Has the Fed Boxed Itself Out of a Smooth Taper?

Wise old market heads often remark that the bond market rarely lies and it often leads the stock market. This is particularly apposite at the moment, with too much cash kicking about and forcing bond, house and equity prices ever higher

Tae Kim

Google App-Store Antitrust Suit Is Right Target, Wrong Idea

Opening an antitrust action against a company whose service offers better choice and flexibility than its main rival would be a bizarre move. But that is exactly what a group of 36 state attorneys general did when they sued Alphabet Inc.’s Google

Tyler Cowen

Ransomware Attacks Will End, But Not Anytime Soon

he latest cyberattack, apparently emanating from Russia again, has hit at least 20 software firms affecting at least 1,000 businesses.

Chris Hughes

A $9 Billion Buyout Bid Puts the U.K. Market to Shame

The latest private equity deal in the U.K. — the biggest in more than a decade — raises an awkward question for investors in the London stock market

Lisa Abramowicz

Extra Jobless Benefits Aren’t Holding Back the Economy

With overall employment appearing to bounce back, the argument by some politicians that overly generous enhanced jobless benefits are impeding the economic recovery is losing steam. Moreover, the extra cash will turn out to be a good thing in the long run

Gary Shilling

How Labor Shortages Help Profits and Hurt Inflation

The U.S. labor market is tight. In April, there were 9.3 million job openings but just 6.1 million new hires, according to the latest Bureau of Labor Statistics. Wages are rising as a result. And yet, these conditions should help....

Therese Raphael

Boris Johnson’s Covid Recovery Plan Is Spend, Spend, Spend

The prime minister’s inclination is to spend his way out of the pandemic-induced crisis, but Chancellor of the Exchequer Rishi Sunak is increasingly anxious to see fiscal guardrails imposed.

Marcus Ashworth

Europe’s Covid Debt Party Just Keeps Raging On

t’s tricky following up a smashing success. But the European Union faced no such problems with its dual-tranche 15 billion-euro ($18 billion) five-year and 30-year bond sale Tuesday.

Chris Bryant

Billionaire Richard Branson Is Hit With the Meme-Stock Crowd

The rules of finance have been turned on their head in the meme-stock era. Now when a company’s prospects deteriorate and short sellers bet a stock will fall further, retail investors often ignore the financial fundamentals and pile in anyway

Robert Burgess

The Most Important Number of the Week Is 74

Describing the performance of the real estate market as “hot” would be an understatement. The National Association of Realtors said this week that the median price of an existing home reached a record $350,300 in May, up 23.6% from a year earlier.

Noah Smith

Automation Is a Race the U.S. Can’t Afford to Lose

The U.S. has traditionally been a nation of optimists about technology. But just when the world seems poised for a technologically-driven productivity boom, Americans have acquired a dour outlook about the march of progress

Andy Mukherjee

Paying With e-CNY? First Show a Digital ID

igital currencies are almost here, with China’s e-CNY possibly off the block as early as the 2022 Beijing Winter Olympics. But among the many things we still don’t know about these new payment instruments is their usage overseas:

Scott Duke Kominers

Biden Is Rushing America’s Return to Normalcy

On July 4, President Biden is planning to mark with a large event at the White House to celebrate the resumption of American life. It will be a key moment for the administration, which has hit goal after goal on the pandemic since taking office

Brooke Sutherland

Face Masks Were Booming Until They Weren't

Face masks were the most ubiquitous visual symbol of the Covid-19 pandemic, but they’re fading from sight as more and more people get vaccinated. Roughly 177 million Americans — or 68.7% of the adult population — have received at least one dose

Tyler Cowen

What the Crypto Crowd Doesn’t Understand About Economics

Just last week I argued that cryptocurrency is here to stay. Now I’d like to explain to some of my crypto friends why parts of the mainstream economics and financial world do not take them more seriously.

The Editors

The Fed Is Moving More Slowly Than the Recovery

The Federal Reserve has lately come under increasing pressure to shift its thinking on inflation and monetary policy. A course correction was indeed overdue. At this week’s meeting of its policy-making committee, the Fed budged — but not quite enough.

Noah Smith

Big Government Is the Answer to America's Supply Problems

In the wake of the pandemic, Americans are rediscovering the importance of the economy’s supply side. But this won’t be a rerun of the 1980 — we’re learning that there’s a lot more to bolstering supply than tax cuts and deregulation

Chris Hughes

Exxon Won't Be Last Shock Win for Activists

An activist’s success in shaking up Exxon Mobil Corp.’s board is more than a win for the environmental pillar of ESG investing. It’s a template for shareholder campaigns on social issues ranging from discrimination to the obesity epidemic.

Marcus Ashworth

Europe's Debt Avalanche Is Just About to Start

The waiting’s over. The European Union has fired the gun on its multiyear bond issuance to fund the 750 billion-euro ($900 billion) pandemic recovery fund that the bloc agreed last summer.

Robert Burgess

The Most Important Number of the Week Is $25.6 Trillion

No economist can say with a straight face that he or she predicted that the sharpest contraction since the Great Depression would just as quickly turn into boom times not seen since the 1980s

Mark Gilbert

Can Crypto Buttress the Asset Management Industry?

The outlook for the global asset management industry, plagued in recent years by unmerciful downward pressure on fees, is starting to look brighter.

Tae Kim

GameStop’s Latest Amazon Hires Prove It’s More Than a Meme Stock

GameStop Inc. has been best known lately for the excitement it has generated with the Reddit crowd, and as one of the first of the big meme-stock winners. But for those willing to take a deeper look, there is something more going on...

Liam Denning

Did Tesla Sell Bitcoin? Its China Sales Are a Clue

I’m really starting to think Tesla Inc. may have sold some Bitcoin already this quarter. I know Elon Musk tweeted something indicating otherwise, but that isn’t always a rock-solid reference. Plus, Tesla’s May sales figures for China just came in.

David Fickling

Think the Global Minimum Tax Will Bite? Watch the Stock Market

There’s a simple test for whether international moves to crack down on tax avoidance announced over the weekend are going to be effective: Check the stock market.

Mervyn King

Make No Mistake, the Risk of Inflation Is Real

Price stability is when people stop talking about inflation and their decisions reflect genuine economic factors. It has been a long time since inflation was a talking point but, especially in the United States, it has reentered public debate.

The Editors

Biden Should Aim For a Treaty, Not a Deal, With Iran

Among the many revelations in a recently leaked interview with Iranian Foreign Minister Mohammad Javad Zarif is a passing reflection on the nuclear deal his country signed with the world powers in 2015.

Mohamed A. El-Erian

AMC and GameStop Frenzy Goes Beyond Casino Mentality

It has only been a few months since Reddit-enabled retail investors, or what some unflatteringly refer to as “retail mob,” embraced GameStop and drove its valuation to the moon only to be frustrated by a sudden change against them in the rules of the game

Tyler Cowen

Covid Showed That We’re Bad at Big Decisions

Human behavior during Covid has upended one of the most fundamental assumptions of economics, even if economists haven’t yet come around to admitting it. In sum: People are worse at big, important decisions than previously thought, and better at small ones

Andy Mukherjee

India Won’t Get a V-Shaped Recovery This Time

The V-shaped economic recovery that India’s policy makers obsessed over in 2020 did eventually materialize. It won’t be repeated after this year’s Covid-19 carnage.

Robert Burgess

The Most Important Number of the Week Is 3.1%

Inflation? Meh. The Federal Reserve has it under control. That was the message sent by bond traders after the U.S. Commerce Department said Friday that a key measure of consumer prices is running at its highest level since 1992

Tae Kim

GameStop Bros Shouldn't Ignore Best Buy Blowout

This year’s meme-stock phenomenon GameStop Corp. is soaring again. But the Reddit crowd that loves trading the name may be getting too exuberant, especially considering Best Buy Co.’s latest strong earnings report

Marcus Ashworth

The Fed Is Suffering From Tantrum Paranoia

he U.S. Federal Reserve risks waiting too long before trimming back its stimulus out of fear of a repeat of the 2013 taper tantrum, but this time really is different as it needs to prove its inflation-fighting chops

Alberto Gallo

Central Bank Digital Currencies Will Fix Bad Policy

More than 85% of the world’s central banks are working on central bank digital currencies, according to the Bank for International Settlements. The People’s Bank of China has already implemented a digital yuan

Andy Mukherjee

This Bitcoin Chaos Will Blow Up Your Cyberpunk Utopia

Bitcoin’s wild gyrations in 2021 have made sure of one thing: The future of money will be electronic, but it won’t remotely resemble a cyberpunk utopia. People’s power will bow to sovereigns’ might.

David Fickling

The Push to Lift Corporate Taxes Will End Up Cutting Them

Governments wanting to stop big businesses from shifting profits to low-tax jurisdictions have a carrot and a stick at their disposal.

Marcus Ashworth

The ECB's Financial Stability Report Is Scary Reading

hristine Lagarde has a critical meeting of the European Central Bank’s governing council coming up on June 10. As usual this will encompass a quarterly review of inflation and growth forecasts...

Andreas Kluth

This Is How Europe Can Push Back Against China and Russia

The most important geopolitical project you’ve never heard of is called the Three Seas Initiative. It’s a joint endeavor by 12 eastern members of the European Union to update the physical and digital links between the Baltic, Adriatic and Black Seas

Lionel Laurent

Elon Musk Keeps Trolling the Bitcoin Purists

The future of money apparently looks something like this: Tesla Inc. techno-king Elon Musk posts a one-word tweet — “Indeed” — that suggests his company may have sold its stash of Bitcoin

Mark Gilbert and Marcus Ashworth

Inflation and Rising Bond Yields Will Hit the ECB’s Pain Point

Investors concerned about inflation rearing its capital-eroding head are demanding higher yields in the bond market. But this rise in government borrowing costs poses a challenge for the European Central Bank

Richard Cookson

The Real Reason Why U.S. Bond Yields Are Stuck

Yields on 10-year Treasuries are lower now than at the end of March, despite this week’s blowout inflation numbers and accelerating growth. The Federal Reserve wants you to believe this is because the inflationary spurt is temporary.

Andreas Kluth

Here’s How Good Climate Policy Could Go Bad

- There’s good news and bad news in humanity’s struggle against climate change. What’s good is that we have an excellent instrument against global warming that we can extend and improve: a market-friendly carbon price.

Daniel Moss

If China Shrinks, It's the World's Problem

China’s slowest population growth in decades may be felt more acutely beyond its borders than within them. The economy will keep humming and incomes can continue to climb, albeit at a slower rate.

Robert Burgess

The Most Important Number of the Week Is 266,000

When the latest U.S. jobs figures were released Friday morning, they were too shocking to believe. Something had to be wrong. The economy couldn’t have generated only 266,000 jobs in April when the median estimate was for a gain of 1 million

Brian Chappatta

Fed Comes as Close as It Can to Saying ‘Bubble’

he Federal Reserve can’t say “bubble.” But if it could, it quite possibly would have done so in its semiannual financial stability report released Thursday afternoon, which, in what I can only assume is a first, used the phrase “meme stocks” three times

Shuli Ren

The World’s Largest Pension Fund Has Cooled on ESG. Should You?

If a pioneer investor in ESG is getting cold feet, should you? In July 2017, Japan’s $1.6 trillion Government Pension Investment Fund — the world’s largest — blazed a trail by putting 1 trillion yen...

Andy Mukherjee

Unseen Digital Cash Will Stretch Your Money

Away from the cryptocurrency craze, important changes are taking place in how financial institutions move funds. Unlike the upcoming digital yuan or the keenly awaited Britcoin and FedCoin

Tara Lachapelle

Netflix's First Big Buy Should Be Discovery

The streaming wars are leaving smaller programmers and studios faced with the inevitability of selling to one of the handful of companies set to dominate the world of online video subscriptions: Amazon.com Inc., Apple Inc., AT&T Inc., Netflix Inc...

Robert Burgess

The Most Important Number of the Week Is 6.4%

Any notions that the U.S. economy is struggling should have been wiped away on Thursday, when the Commerce Department said gross domestic product expanded at a 6.4% annualized rate in the first quarter.

Tae Kim

Apple and Facebook’s Staggering Results Aren’t Sustainable

The problem with posting blowout numbers is that it raises the obvious follow-up question: Can you top this? For Apple and Facebook, the answer may be no, or not anytime soon.

Marcus Ashworth

Mario Draghi Is Relying on Some Old Friends

Italy is at an inflection point. Not just because Prime Minister Mario Draghi unveiled the mother of all stimulus packages this week, but also because Italian bond yields are inching up to their highest levels for more than six months

Liam Denning

Tesla Killed It on Bitcoin (and Also Sells Cars)

Year over year, positive impacts from volume growth, regulatory credit revenue growth, gross margin improvement driven by further product cost reductions and sale of Bitcoin

Robert Burgess

The Most Important Number of the Week Is $329,100

The National Association of Realtors came out with its monthly update on housing, and the results were stunning. The median price of an existing home in the U.S. rose to a record $329,100 in March, an increase of 5.92% from February and 17.2% from 2020

Martin Ivens

Liverpool and Manchester United Are Nothing Without the Fans

Two sporting cultures have just waged a war over the “beautiful game” of soccer, with the U.S.-inspired model of a closed-franchise championship for EU elite football clubs losing out to the European attachment to giving the little guy a sporting chance

Brooke Sutherland

International Flight Isn't Delayed, Investors Are Just Early

Since the pandemic started, it’s been clear that business and international air travel would be among the the hardest-hit sectors of the economy and one of the last to recover. Even as some countries start to reopen their borders, that hasn’t changed

Lionel Laurent

Dogecoin Barks But Britcoin Would Bite

Every dog has its day. For Dogecoin, it’s April 20. The dog-themed digital currency that was started as a joke in 2013 jumped more than 200% in five days as part of a meme-driven mass trade to mark International Weed Day. It has already fallen back by 24%.

Alex Webb

The Antitrust Case Against Europe’s Breakaway Soccer League

Plans for a new European Super League, comprising 20 supposedly leading clubs, look actively competitive, with business practices designed to reduce competition. That should give antitrust authorities the impetus to halt...

Marcus Ashworth and Mark Gilbert

EU’s Bond Bonanza Will Reshape the Capital Markets

The fixed-income landscape is set to be transformed as the European Union revs up to borrow $1 trillion by selling bonds in its own right. While talk of creating a market to rival U.S. Treasuries is overblown....

Brian Chappatta

Biggest Banks Can’t Keep Up With U.S. Money Printing

The bank’s first-quarter results on Thursday showed a 47% increase in net income from the previous three months to $8.1 billion. Much like Citigroup Inc., which just a few hours later posted a record profit thanks in part to a $3.9 billion release...

Brian Chappatta

JPMorgan Is on a Hot Streak. Investors Aren't Impressed.

That was my first reaction when I saw the biggest U.S. bank’s top-line results for the first quarter. Its adjusted revenue of $33.12 billion was up 14% year-over-year and topped even the highest forecast, as did its net income of $14.3 billion, a record

Brian Chappatta

Bond Traders’ Inflation Psychosis Won’t Go Away Soon

Last week, the longtime bond bulls at Hoisington Investment Management Co. said that investors’ obsession with the prospect of accelerating price growth was little more than an “inflationary psychosis” that will fade.

The Editors

Europe Is Heading Toward a New Financial Crisis

urope faces a predicament. Even as it struggles to contain the Covid-19 pandemic, it’s setting itself up for another crisis — this one financial.

Daniel Moss

The Yellen Doctrine Is So Much More Than Corporate Taxes

anet Yellen has a potent message for the world and for folks at home weary of U.S. commitments abroad: America isn't done as a global force, if only because it's primarily to the country's own advantage.

Noah Smith

Amazon Is Helping to Resurrect the Labor Movement

- The U.S. labor movement has been moribund for decades, but a high-profile unionization drive at Amazon.com Inc. may be just what it needs to revive its fortunes. That's because Amazon workers embody a new working class that may start to develop...

Clara Ferreira Marques

Russia May Be Carbon’s Last Refuge

When it comes to the energy transition, Russia is like Wile E. Coyote: suspended in mid-air. Reassured by today’s prices and all too aware that tinkering with hydrocarbon production carries political risk, Moscow has pushed back inevitable change

David Fickling

Yellen’s Global Tax Plan Is a China Trade War-Level Fight

If you expected the administration of President Joe Biden to be a return to normalcy on trade issues after the drama of Trump-era tariff battles and tweet diplomacy, Treasury Secretary Janet Yellen has other ideas.

Tae Kim

GameStop Stock Mania Is Making Its Turnaround Possible

What a crazy year it’s been for GameStop Corp. Last April, it was left for dead. Predicting an imminent demise for the retailer, hedge funds piled on their bearish bets and the company’s market value sank to a few hundred million dollars.

Richard Cookson

The ECB's Claims of Unity Are Woefully Misleading

Earlier this month, the ECB announced that it would buy more bonds to stop borrowing costs rising. It was worried that the euro zone economy was in such poor shape that it couldn’t afford to have European bond yields dragged higher by their U.S. cousins

Noah Smith

It's Not Infrastructure; It's Reimagining the U.S. Economy

President Joe Biden’s next major legislative initiative is called an “infrastructure” bill, but it’s actually something bigger. It's about transforming the nation to better fit the needs of our future economy — in other words, industrial policy.

Robert Burgess

The Number of the Week Is 22.1

Did the poor economic data this past week just blow the narrative out of the water for the stock bulls? It would be premature to provide any definitive answer, given that much of the data covered February, when harsh weather disrupted many parts of the US

Lionel Laurent

Britain and Europe Discover the Limits of Vaccine Warfare

After five years of bad-tempered Brexit trade barbs, border closures and the occasional lawsuit, Britain and the European Union have admitted through clenched teeth that they need each other — when it comes to Covid-19 vaccines, at least.

Mark Gilbert

Tesla’s Bitcoin Adventure Promises an Even Wilder Ride

Elon Musk, the Technoking of Tesla, says the electric vehicle maker will now accept payment in Bitcoin for its cars. Adding more of the capricious cryptocurrency to the balance sheet of one of the world’s fastest growing companies by market capitalization

Brian Chappatta

Fed’s Corporate Bond Buying Foresaw a Year of Covid Pain

n March 23, 2020, the Federal Reserve embarked on an audacious policy path that sent shockwaves through financial markets. After a full 12 months living amid a pandemic, and with lockdowns popping up around the world yet again

Noah Smith

While the World Still Struggles, the U.S. Can Power Ahead

The U.S. is set to recover from the pandemic-induced recession faster than other rich countries thanks to its successful vaccination effort and copious relief spending.

Andy Mukherjee

How Amazon Is Fighting Door to Door to Beat Ambani

If it wasn’t for last year’s extraordinary events, there would be nothing even remotely remarkable about Jayshri Hodkar’s struggle to survive as a single mother of two on the earnings of her tailoring shop, a single machine in one room of a rented house

The Editors

The Fed’s Job Isn’t Getting Any Easier

Three months ago, with the outlook for fiscal stimulus unclear, the Fed expected the economy to grow by 4.2% this year, with inflation at 1.8%. Short-term interest rates, it promised, would be held close to zero through 2023.

Brian Chappatta

Jerome Powell Refuses to Humor Bond Traders’ Tantrums

The $21 trillion U.S. Treasury market already set the narrative ahead of the Federal Reserve’s decision on Wednesday. Benchmark 10-year yields stormed to the highest level since January, while 30-year yields reached 2.44% for the first since August 2019

Chris Hughes

Greedy Hedge Funds Push Buyout Bidders to the Edge

When hedge funds are pushing private equity firms around, it’s hard to see things ending well. Merger arbitrageurs in the U.K. have been betting that deal-hungry buyout firms have infinite funds to pay sky-high prices for assets.

Bloomberg Opinion

How Would Biden’s Tax Hike Work?

President Biden looks poised to act on a major pillar of his campaign: a federal tax hike. This effort will be even more colossal than the recent $1.9 trillion Covid-19 relief bill. Here’s what we know so far about how Biden’s tax legislation

The Editors

Crypto’s Rising. So Are the Stakes for Governments Everywhere

For centuries, money issued by governments has served as the lifeblood of the global economy — the currencies in which people hold savings, make payments and keep accounts, and in which nations measure their wealth and geopolitical power

Karl W. Smith

How Biden Transformed the Republican Debate Over Poverty

The American Rescue Plan, which President Joe Biden signed into law today, contains a provision that represents a qualitative break from the welfare-to-work policies that have been in place since the 1990s. The change is also scrambling party politics

Andrea Felsted

Sweatpants Forever? Adidas Is Betting On It

year ago, Kasper Rorsted, chief executive officer of Adidas AG, likened the pandemic’s effect on its business to a soccer match: There would be a lengthy halftime break, but then things would kick off once more.

Brian Chappatta

GameStop Is Soaring Again, But Why Aren’t Its Bonds?

So you heard in January about the huge rise in shares of GameStop Corp., or what Tesla Inc.’s Elon Musk called #Gamestonk. You might even be aware that the stock is surging again, with a rally nearing 100%. But have you heard about ... #Gamebond?

Liam Denning

Saudi Oil Attack Is Nothing Like the Last One

Brent crude is, once again, scraping $70 in the aftermath of a missile attack on critical Saudi Arabian oil facilities. Yet in every other respect, this Monday is nothing like the last time this happened in September 2019.

Niall Ferguson

The Fed Doesn’t Fear Inflation. Its Critics Have Longer Memories

Over the previous five years, inflation in most countries had been on the rise. In the first half of the 1960s, U.S. consumer prices had never gone up by more than 2% in any 12-month period.

Mark Gilbert

Even Central Bankers Can't Agree on Reflation

Investors are betting that as vaccines cure the pandemic, the recovery in growth will be fast and straightforward. That optimism, with the built-in assumption that prices are bound to recover too, has sent bond yields up around the globe

David Fickling

Four Numbers to Gauge China’s Climate Ambitions

hina will begin its biggest political meeting of the year with a grim mark. Despite President Xi Jinping’s pledge in September to reduce carbon emissions to net zero in 2060, the country was the only major economy last year where pollution increased

Draghi Has Stabilized Italy. His Next Task Will Shape His Legacy

U.K.’s Delta Rollercoaster Flips Between Virus Horror and Hope

Pelosi Scraping for Votes to Extend Virus Eviction Moratorium

Trump’s Tax Returns Can Be Released to Congress, DOJ Says

South Africa Says $750 Billion a Year Needed for Climate Goals

Pursuits

The 11 Meals I’ll Remember the Most From 2020

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.

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.

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.

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.

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.