Economics
U.K. Economy Rebounds in February as End of Lockdown Nears
Politics
Climate Change May Be Costing Russia Billions Every Year
Economics
U.K. Businesses Burn Cash as Brexit Bureaucracy Takes Its Toll
Economics
RBNZ Sees Need for Prolonged Stimulus Amid Uncertainty
Politics
China Ramps Up Communication With U.S. Firms to Improve Ties
Politics
Biden to Address a Joint Session of Congress on April 28
Tech
Jack Ma’s Fortune Jumps $2 Billion After Record Alibaba Fine
Opinion
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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Liam Denning
Keystone XL Couldn’t Survive a Changed Climate
In purely chronological terms, the opposite of a “Scaramucci” could arguably be called a “Keystone.” The Keystone XL pipeline expansion was first proposed almost 13 years ago. On Wednesday, newly installed President Joe Biden killed it. Again.
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Cass R. Sunstein
Can Ex-Presidents Be Impeached? No. Convicted? Yes.
Those are two different constitutional questions. And President Donald Trump, impeached last week while still in office and potentially subject to conviction after departing, has obvious reason to offer a firm “no” to the second question.
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Nir Kaissar and Timothy L. O'Brien
Biden’s Rescue Plan Is a Start. Now Think Big.
Tens of millions of Americans are scrambling to keep a roof over their heads, food on their tables, education for their children and access to healthcare during an epic public health and economic crisis. Joe Biden acknowledged that hardship Thursday night
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Matthew Yglesias
On Day One, Biden Can Start Winning the Midterms
In a few days, Joe Biden, Chuck Schumer and Nancy Pelosi will take possession of the most coveted prize in U.S. politics: unified control of the federal government. They shouldn’t expect it to last — and they should govern that way.
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Marcus Ashworth
Expect the Weak Dollar Trend to Return
It was meant to be the no-brainer trade of 2021: Keep selling the dollar on a big-spending Joe Biden presidency. The money-printing required to fund U.S. stimulus would heap pressure on the greenback, reinforcing a market dynamic at work since March
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Jonathan Bernstein
This Time, Trump Impeached Himself
Donald Trump is now the only president to be impeached twice by the House of Representatives. That makes him responsible for half of the presidential impeachments in U.S. history.
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Marcus Ashworth
City of London Needs Brexit Limbo to End
Negotiations between the two sides have seen deadline after deadline get busted since the Brexit referendum in 2016. The City of London cannot afford a repeat of that now. It needs clarity fast
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Shuli Ren
China’s Very Distressed Developers Are Also Very Clever
Wary of billion-dollar defaults, China does not want its daredevil real estate developers to take on any more debt. Banks have been asked to limit their housing loan exposure
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Tae Kim
Can Twitter Survive Banning Donald Trump?
Twitter Inc. has done something that was once thought unimaginable. It shut down one of its biggest attractions — Donald Trump’s account — and in doing so also canceled a sitting U.S. president
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David Fickling
This Was No Coup. But It Comes Far Too Close
If you’re wondering whether events in Washington, D.C. constitute a coup, Naunihal Singh, an assistant professor at the U.S. Naval War College in Newport, Rhode Island, literally wrote the book.
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Sam Fazeli and Lionel Laurent
France Has Lockdown Lessons for Boris Johnson
Optimism about Covid-19 vaccines has quickly turned to pessimism about how slowly they’re being rolled out — and the grim realization that stay-at-home restrictions will be with us for longer as a result.
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Ferdinando Giugliano
Europe Is Botching the Vaccine Rollout
Unless Europe gets its mass inoculation programs right, quickly, it will be hard to believe that its political model can deliver better results to its citizens than what’s available in the rest of the world.
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Chris Bryant
A $21 Billion Wager on Who Will Build the Apple Car
A red-hot trend in the car industry is for new entrants such as Fisker Inc. to hand over the complicated and capital-intensive work of engineering and building vehicles to a contract manufacturer.
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Daniel Moss
Singapore's Covid Success Isn't Easily Replicated
This brighter outlook and cautious easing of restrictions reflects Singapore’s success at containing Covid-19 infections, and makes the place look great relative to the U.S. and Europe, where the disease is again spreading rapidly
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Shuli Ren
The Three Big Mistakes China Made in 2020
But there’s always room to improve. Come January, there will be a more rational occupant of the White House, which will give China the space to focus on structural reforms. And it’s here I’d like to raise some quibbles with Beijing
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Chris Bryant
Stanford Scientists Create a Billionaire Factory
One of the most unsettling developments in business in 2020 was the trend for electric-vehicle companies to list on a stock exchange before they have their first revenues.
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Andy Mukherjee
A Data-Driven End to Capitalism as We Know It
A global data profit will be a very different GDP from gross domestic product. The case for technology companies to share it with we, the people who supply them the bits and bytes, is compelling.
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Andy Mukherjee
When 6,000 Islands Work From Home, Expect the Urge to Merge
“It’s time for us to work from home, learn from home, worship at home,” Indonesia’s president announced in the early days of the pandemic in March.
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Bloomberg Opinion
How Worrisome Is This U.K. Virus Variant?
Sam Fazeli, a Bloomberg Opinion contributor who covers the pharmaceutical industry for Bloomberg Intelligence, answered questions about the emergence in the U.K. of a mutant variant of the coronavirus, which has prompted strict lockdown measures
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Mohamed A. El-Erian
New U.K. Lockdown Signals Worsening Economic Outlook
British Prime Minister Boris Johnson and members of his government risk significant political damage for their decision on Saturday to introduce extremely tough restrictions on London and parts of the southeast England
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Tae Kim
Google Antitrust Actions May Have Hit a Tipping Point
On Thursday, a bipartisan group of 38 state attorneys general sued Google parent Alphabet Inc., accusing it of antitrust violations. The regulators contend the internet giant leveraged its market dominance in the search-engine market
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Mark Gilbert and Marcus Ashworth
How Markets Can Defy Gravity Again in 2021
ith the pandemic threatening to trash the global economy, governments have opened the fiscal spigots and central banks have pumped even more money into the monetary system. Financial assets, from stocks to bonds to Bitcoin, have responded by rallying to..
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Therese Raphael
British Sovereignty Means Free Will, Not a Free Lunch
Only a handful of people are privy to what’s going on inside the “tunnel” of European Union-U.K. trade talks. But the softening of political rhetoric since Sunday suggests negotiators have achieved a breakthrough
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Mervyn King
The Biggest Covid Mistake Was Avoidable
No sensible person should envy politicians having to decide how best to combat Covid-19. Confronted with a new virus, errors and missteps were inevitable. But their biggest mistake was unnecessary — they pretended to know more than they did.
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Julian Lee
Irrational Exuberance Hits the Oil Market
Covid-19 vaccines are raising hopes of a swift recovery in oil demand next year, but markets seem to have thrown caution to the wind.
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Ferdinando Giugliano
Lagarde Doesn't Act on Her Dire Warnings
Christine Lagarde became president of the European Central Bank last year under the auspices that she would reunite a bitterly divided governing council.
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Joe Nocera
Facebook Has Only Itself to Blame for Drastic Remedy
In 2012, when Instagram was two years old, with 13 employees and no obvious path to profitability, Zuckerberg knew that the fast-growing photo app was a potential threat to Facebook Inc.’s social media dominance.
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The Editors
Britain and Europe Need the Brexit Talks to Succeed
U.K. Prime Minister Boris Johnson is headed to Brussels this week for last-ditch talks with Ursula von der Leyen, head of the European Commission, on Britain’s future trading relationship with the European Union
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Barry Ritholtz
Who Can Investors Listen to When Everybody’s Wrong?
The year 2020 will be remembered for any number of things, including how wrong so many were about so much. From the pandemic to the election, and from the economy to financial markets, prognosticators did a horrible job.
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Lionel Laurent
No-Deal Brexit Will Inflict Serious Pain on Europe, Too
Europeans seem more sanguine about Brexit than the British. More French column inches were filled with the death of former President Valery Giscard d’Estaing last week than with the risks of a messy end to decades of unfettered trade
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Mervyn King
Fiscal Policy During and Beyond the Covid Crisis
The current downturns are unlike any previous recession or depression. The coronavirus itself is novel but, more to the point, so is the reason output collapsed in much of the world — not because of Covid-19 as such
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Tara Lachapelle
Fox News Is Holding More Cards Than Trump Realizes
President Donald Trump and a pair of fledging conservative news networks seem intent on taking down Rupert Murdoch’s Fox News. Do they have a shot?
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Timothy L. O'Brien
Trump's Election-Fraud Business Is Booming
The president of the United States, a self-described multi-billionaire, is still claiming the 2020 election was rigged — and he wants you to give him some of your money to help him sort that out.
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Sarah Halzack
Cyber Monday Is Now Every Day
As expected, e-commerce spending hit records on three recent marquee holiday shopping days
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Nir Kaissar
If You Left the Market, Don’t Wait to Get Back In
There are only a few basic rules of investing: diversify, keep your costs low and probably most important, hang on when markets tumble occasionally. The last one is the trickiest.
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Francis Wilkinson
The Biden Era Will Be Neither Normal Nor Boring
Having spent the past four years with the political equivalent of heavy metal music blasting outside their psychic windows late into the night, millions of Americans are hoping that the Biden administration will usher in a new era of calm.
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Lionel Laurent
A $364 Trillion Game of Brexit Chicken Gets Ugly
Politicians in the European Union are fretting about how little time is left to strike a Brexit trade deal, with French Foreign Minister Jean-Yves Le Drian publicly bemoaning British foot-dragging this week.
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Mark Gilbert
Forget the Bargain Basement. Bet on the Next Big Thing
opes that vaccines will soon replace economic lockdowns as our best defense against the coronavirus have stirred speculation that value stocks will regain favor among investors. A
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Andreas Kluth
France and Germany Agree on the U.S. More Than They Realize
“I profoundly disagree” with the German defense minister, French President Emmanuel Macron said the other day, calling her view on transatlantic relations “a historical misinterpretation.”
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Daniel Moss
Yellen Has the Policy Chops and Political Savvy
anet Yellen knows a deep recession and a patchy recovery from the inside. She'll need all that policy prowess and a healthy dollop of political nous to steer the U.S., and by default the rest of the world, through this epic slowdown.
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Leonid Bershidsky
Election Forecast Models Are Worth More Attention Than Polls
In the run-up to the U.S. presidential election, I wrote a script that automatically produced a daily news story showing the victory probabilities for the two main candidates according to FiveThirtyEight, the polling aggregation website
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Brian Chappatta
This Fed-Treasury Public Fight Has No Winners
So much for the synergy between Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin in combating the fallout from the coronavirus pandemic.
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Tae Kim
Big Tech Backlash Means Get Ready for Less Free Stuff
The goal of all this scrutiny is to root out abuses and create a more level playing field to allow for increased competition. This should benefit consumers in the long run. In the shorter term, however, we may have to accept some unpleasant consequences
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Michael R. Strain
Don’t Be Fooled. The Coronavirus Economy Still Needs Help.
Covid-19 is surging — but, finally, the light at the end of the tunnel is visible. Preliminary test results indicate that vaccines being developed by Pfizer Inc. and Moderna Inc. are more effective than many dared to hope
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Mark Gilbert
Fund Managers Are Incubating a Future Bond Market Crash
As the pandemic started to shake the global economy in March, liquidity rapidly dried up in the world’s fixed-income markets. Regulators have identified fund managers as the key protagonists in the petrification. T
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Politics
Brazil Central Bank Pledges to Stop Core Inflation Contagion
Politics
Chamber of Commerce Urges Senators to Reject Voting Rights Bill
Economics
Biden Trade Chief Meets Drugmakers, WTO Vaccine-Waiver Advocates
Economics
China Must Choose Between Inflation or Pollution From Steel
Politics
Senate GOP Nearing Decision on Whether to Embrace Earmarks
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
Enbridge’s Great Lakes Pipeline Is ‘Nonnegotiable’ for Canada
Politics
Democrats Say Caregiving Is Infrastructure: Stimulus Update
Politics
U.K. Let Top Official Take Greensill Job While Still in Post
Economics
Partial Strike at Eastern Canada’s Biggest Port to Clog Shipping
Politics
Merkel Succession Turns Nasty With Mudslinging and Threats
Politics
EU Governments to Seek Deal on Controversial Covid Passports
Politics
Florida and Alaska Republicans Push Senate Bill to Restart Cruises
Politics
Australia Trade Chief Heads to Europe to Discuss Vaccine Exports
Economics
Bank of England’s Biggest Inflation Hawk Will Step Down
Politics
Peru Socialist Set to Face Fujimori in Battle of Extremes
Politics
U.S. Expects to Have Enough Vaccine Supply Despite J&J Pause
Politics
Merkel-Succession Rivals Square Off in Messy Nomination Duel
Economics
Consumer Prices in U.S. Advance by Most in Nearly Nine Years
Politics
Gibbons Joins Crowded Republican Primary for Ohio Senate Seat
Politics
Merkel Forges Ahead With Push for Control Over Covid Curbs
Politics
U.K. Says Bailout of Gupta’s GFG Would Be ‘Very Irresponsible’
Politics
In Venezuela Bond Market, Gunmen and Bags of Cash Are Required