Politics
Johnson’s Tories Suffer Shock Defeat in U.K. District Vote
Politics
Singapore Gives Half of Population at Least 1 Covid Vaccine Shot
Politics
Apple Daily Is Running Low on Funds to Print Hong Kong Newspaper
Politics
Iran Elects Hardliner as Nuclear Talks Enter Critical Phase
Politics
H.K. Court Denies Bail to Apple Daily’s Editor, Publisher
Politics
Putin’s Boasts About Covid-19 Safety Are Unraveling
Tech
Microsoft Plans Massive China Expansion in Asia-Wide Cloud Push
Opinion
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.
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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
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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.
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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.
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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
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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.
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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...
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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.
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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.
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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.
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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.
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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
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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
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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.
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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
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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
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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
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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
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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.
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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.
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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...
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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
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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
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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
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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.
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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.
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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.
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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
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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
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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...
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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
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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...
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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.
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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.
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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
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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
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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
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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
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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
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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%.
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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...
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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....
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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...
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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
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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.
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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.
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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.
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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...
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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
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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.
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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.
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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
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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.
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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
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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.
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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
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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
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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.
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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
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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.
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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
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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.
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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
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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
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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
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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.
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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?
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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.
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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.
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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
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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
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David Fickling
Big Oil Is Unwilling to Bet on the Future of Crude
or a century, there’s been a key metric for judging the direction of the oil industry: The number of years it would take for wells to run dry. The reserves-to-production ratio or R/P — calculated as oil reserves, divided by annual production...
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Andreas Kluth
Berlin’s Rent Controls Are Proving to Be a Disaster
- If populism on the political right corrupts democracies, populism on the left ruins economies. For the latest evidence take a closer look at the housing market of the German capital, Berlin. A year ago, a rent cap took effect in the city
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Robert A. George
Trump’s Not-Quite-Triumphant Return
The former president made a semi-Trumphant return on Sunday. Donald Trump’s rapturous reception at the Conservative Political Action Conference in Orlando, Florida, made clear that the conservative movement, as well as the Republican Party, belongs to him
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Tyler Cowen
Inflation Is Uncontainable But Not Inevitable
Otherwise intelligent people can be surprisingly wrong about economics. The latest example is the claim that current inflationary pressures are somehow being “captured” or “locked up” in asset prices...
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Richard Cookson
Why the Dollar Is More Robust Than It Looks
It’s about as hard right now to find anyone with a kind word to say about the greenback as it is to find someone with a nasty word about equities. There is much talk of yawning U.S. budget and current-account deficits.
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Brian Chappatta
Jerome Powell Knows a Market Tantrum. This Isn't Close.
Federal Reserve Chair Jerome Powell has worked at the central bank for almost a decade. Naturally, during that time he has seen his share of market meltdowns, from the so-called taper tantrum in 2013 to the losses in late 2018 that forced him to....
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Bloomberg Opinion
How Good Is the Israeli Pfizer Vaccine News?
The news out of Israel sounds very good. Is it as encouraging as it seems? The holy grail of vaccination is to supress infections. When this happens at a 100% level, it’s called sterilizing immunity and means the virus just cannot infect you.
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Robert Burgess
Most Important Number of the Week Is 4.9%
As weeks go, this past one could hardly have gone better for the economy. From retail sales to industrial production and the number of homes sold, any data point of consequence easily topped estimates. This was no fluke....
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Karl W. Smith
Is McConnell’s Post-Trump Strategy Working?
Senate Minority Leader Mitch McConnell has a knack for making everyone mad. With his vote against former President Donald Trump’s impeachment, he angered both Democrats and many Never-Trump Republicans
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Brian Chappatta
Covid Housing Boom Is Even Bigger Than Imagined
The Federal Reserve Bank of New York on Wednesday released its quarterly report on household debt and credit for the final three months of 2020, with its strategists and statisticians deciding to dig deeper into mortgage originations
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Brian Chappatta
Goldman Sachs Aims to Counter Reddit’s Trading Frenzy
Goldman Sachs Group Inc.’s strategy for broadening its reach beyond Wall Street and the wealthiest clientele made all the sense in the world. It already had a consumer bank, Marcus, that offered options like higher-interest savings accounts for individuals
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Nir Kaissar
Bitcoin’s Volatility Should Burn Investors. It Hasn’t.
Just over 10 years old, Bitcoin might already be the best-performing investment of all time. It might also be the most volatile, and volatility has a way of luring people into ill-timed and costly investing choices
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Mervyn King
The Debate About Stimulus Is Missing the Point
With a new administration in Washington, a rollout of mass vaccinations, policy discussion in the U.S. revolves around the size of the next fiscal package. Similar debates are taking place across the world. The word “stimulus” is causing a lot of confusion
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Tara Lachapelle
Disney+ Can Compete, But Can It Make Money?
Shares of Walt Disney Co. closed at an all-time high Thursday, minutes before the company reported a 99% plunge in quarterly net income. That’s not something investors see often. It wasn’t that they were caught off-guard
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Mark Gilbert
Short Selling Is Even More Dangerous Now
nvestors who seek to profit from a decline in a company’s share price have always taken greater financial risks than their long-only peers. Now, they face the additional danger of running afoul of Redditors piling into the market’s most-shorted stocks. F
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Liam Denning
Biden’s Climate Policy: Move Fast and Fix Things
On Monday, I wrote about how the damage done to energy demand by Covid-19 provides one rationale for President Joe Biden to press ahead with his green agenda
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Ferdinando Giugliano
History Tells Us to Worry About Inflation
Just like clothes and food, macroeconomics has its fashions. The latest is for public debt. From the OECD to the International Monetary Fund, global organizations that traditionally supported fiscal restraint have become much more relaxed about sovereign
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Lionel Laurent
Why Elon Musk’s Dogecoin Tweets Have Hit a Bitcoin Nerve
Imagine a team of smartly dressed bankers pitching an investment to Wall Street financiers only to be left raging when a weirdo in a dog costume walks in and gets the money. That’s how some corners of the cryptocurrency market are reacting....
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Chris Hughes
McKinsey's Opioid Settlement Is a Warning to All Consultants
Now it’s McKinsey’s turn. First, the banking industry paid out billions to settle misconduct allegations after the financial crisis. More recently, the audit profession has been receiving record fines.
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Richard Cookson
Rising Inflation Will Force the Fed's Hand
The problems faced by new U.S. President Joe Biden would be formidable for anyone. There’s the political schism that won’t be cured by optimistic calls for unity. Then there’s the herculean challenge of stopping Covid from killing too many more people
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Noah Smith
Debt Is No Reason to Fear Trillions in Green Spending
- President Joe Biden and other leaders are proposing large amounts of new government investment in order to decarbonize the U.S. economy. These plans will inevitably encounter deficit scolds who will balk at the amount of new debt required
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Elga Bartsch
Covid Shows That Europe’s Fiscal Rules Are Outdated
One upshot of Covid-19 has been closer coordination between monetary and fiscal powers. This has led to a revolution in macroeconomic policy — one that countries should continue building upon.
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Martin Ivens
Is Boris Johnson Still Prime Minister of the United Kingdom?
n the eyes of many voters, Boris Johnson stopped being prime minister for the whole of the United Kingdom as soon as the Covid pandemic began to rage last March
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Mark Gilbert
Market Madness Puts Pension Funds in a Risky Bind
A 25-year-old bond that matures in the U.K. this summer neatly encapsulates the trend that has driven investors to chase higher returns by buying private assets, lower-rated debt and other riskier securities.
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Tae Kim
Facebook and Apple Will Miss 2020, Unlike Everyone Else
Sometimes blowout earnings aren’t enough. For the third quarter in a row, Facebook Inc. and Apple Inc. generated billions upon billions in profits and flexed the power of their dominant businesses.
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Cass R. Sunstein
Biden Climate Regulation Is About to Get Tougher
It’s the most important number you’ve never heard of, and President Joe Biden is about to change it as he resets U.S. environmental policy.
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Lionel Laurent
Bitcoin Is an Incredibly Dirty Business
nstitutional investors diving into Bitcoin — namely hedge funds — are eager to promote its unpredictable price swings as the sign of a new asset class in the making. The cryptocurrency has traded at between $5,000 and $40,000 over the past year,
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Mohamed A. El-Erian
Fed’s High-Wire Act Becomes Trickier
The Federal Reserve’s top policy-making committee will meet this week facing significant crosscurrents: How best to balance a dimmer short-term economic outlook with a brighter longer-term one, and how to maintain highly stimulative monetary policy...
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Ferdinando Giugliano
Rich Versus Poor, the Global Gap Is Narrowing
Income inequality is among the most hotly debated economic topics of our times. It’s also one of the most misrepresented. For years the left has condemned the widening disparities that followed the financial crisis.
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Politics
Top Cocoa Grower Accuses Mondelez of Backtracking on Farmer Pay
Politics
Trump Takes Aim at Murkowski by Endorsing GOP Primary Challenger
Politics
CDC Says Delta Strain Likely to Dominate in U.S.: Virus Update
Politics
NYC Mayoral Election Baffles Voters With City’s Revival at Stake
Politics
Trudeau Resists Business Pressure to Open U.S. Border for Summer
Pursuits
The 11 Meals I’ll Remember the Most From 2020
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
Four Huge Power-Plant Upsets Pushed Texas to Brink of Blackouts
Politics
UN Confirms Guterres for a Second Term as Secretary-General
Politics
House Republicans Inching Ahead in Money Chase for Midterms
Economics
IMF Staff Propose Carbon-Price Floor to Slow Climate Change
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Ministers Warn Johnson of Tory Revolt After U.K. Election Shock
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Yang, Garcia Plan Joint Campaign Stops: Election Update
Economics
Fed’s Bullard Says High Inflation May Warrant Liftoff in 2022
Politics
Is Northern Ireland Heading for Another Political Crisis?
Economics
Growth Pangs Gain Precedence for India’s Inflation-Targeting RBI
Politics
Former EU President Tusk Poised to Return to Polish Politics
Politics
Lufthansa Says It Aims to Repay German Aid by September Vote
Politics
Delta Variant Cases Soar in U.K. With More People Hospitalized
Politics
Venezuela’s Maduro Pleads for Foreign Capital, Biden Deal in Caracas Interview
Politics
Maduro’s Tightened Grip Forces Opposition to Lower Its Sights
Politics
Beijing Considers Lifting All Birth Restrictions by 2025, DJ Says
Politics
Sweden PM Fights for Survival as Political ‘Crisis’ Declared
Politics
Supreme Court’s Conservatives Duck ‘Big Waves’ as Storms Loom