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Biden Has Republican Powell as Ally in Bid to Lift Labor’s Clout

Swiss Votes on SNB Investments, Corporate Liability Seen Failing

Czechs to Reopen Shops, Restaurants as Virus Spread Slows

Payrolls in U.S. Set to Tread Higher in Pandemic Slog: Eco Week

Pennsylvania’s High Court Allows State to Complete Certification

Tech

Bitcoin Extends Decline After Biggest Slump Since Pandemic Hit

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Goldilocks Year Awaits Emerging Markets Defying Pandemic Rout

Biden Has Republican Powell as Ally in Bid to Lift Labor’s Clout

Swiss Votes on SNB Investments, Corporate Liability Seen Failing

Czechs to Reopen Shops, Restaurants as Virus Spread Slows

Payrolls in U.S. Set to Tread Higher in Pandemic Slog: Eco Week

Pennsylvania’s High Court Allows State to Complete Certification

Harris Scoffs at the Idea of a Rematch Against Trump in 2024

Peru’s Ousted Ex-President Martin Vizcarra to Run for Congress

Ethiopian Forces Take Control of Capital of Tigray Region

Trudeau Ready to Open Spending Taps for Coronavirus and Beyond

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.

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

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.”

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.

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

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.

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

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

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

Noah Smith

Biden Turns to a New Generation for Economic Advice

o prepare for his transition of power, President-elect Joe Biden has created agency review teams tasked with understanding the operations of various government bureaucracies. Those appointments provide clues to how he might govern.

Noah Smith

Socialism Isn't the Way to Win the Working Class

The 2020 election might provide a golden opportunity for the working class -- Americans without a four-year college degree who tend to work in blue-collar and service industries such as construction and retail

Ferdinando Giugliano

Biden Faces a Global Economy That's Tired of U.S. Antics

The election of Joe Biden as U.S. president has prompted sighs of relief across the world — not least because his White House is expected to be a boon for the international economy.

Ramesh Ponnuru

Why Georgia Republicans Play Along With Trump

Nothing in Donald Trump’s presidency became him like the leaving it. All the character flaws that marked his presidency and caused his defeat — the dishonesty, the petulance, the self-obsession — are on display as he vainly clings to office.

Anjani Trivedi and Shuli Ren

Jack Ma, Show Them How to Run a $280 Billion Bank

None of that is lost on Ma, founder of Alibaba Group Holding Ltd. and Ant. The financial outfit has a similar 30% ownership in MyBank, and describes the licensed digital lender as one of its largest customers....

Eli Lake

Trump Is Leaving Office as He Governed: Recklessly

President Donald Trump’s petulant decision to fire Defense Secretary Mark Esper, via Twitter of course, was both shocking and predictable. It’s shocking that a president who just lost an election would fire a member of his cabinet

Noah Smith

Biden Will Need to Get Creative to Save the Economy

When the President-elect takes office, he’ll confront the country’s two most acute challenges: an ongoing Covid-19 pandemic and the economic damage it's wrought. But he'll have an uphill battle to enact the sort of bold policy agenda...

Cass R. Sunstein

How Vote-Counting Became a Job for the States

The current confusion and anxiety surrounding presidential vote-counting, with different states using different rules and procedures, make it natural to wonder: Wouldn’t it have been better to let the federal government oversee the process?

Peter R. Orszag

The Link Between the Stock Market and the Economy Is Weakening

The stock market is often misused as a bellwether for the economy, especially in political debates. Yet the market has never reliably moved in concert with the economy. And today the connection between the two is weaker than at any point since World War 2

Noah Feldman

The Last Check on Presidential Power: We the People

After four years of President Donald Trump’s assault on the Constitution, it comes down to this. The courts have done what they could to limit the damage; the House impeached him; and the Senate let him get away with it

Shuli Ren

China Is Getting Ready for a World Without Trump

First, it no longer required banks to set aside cash if clients wanted to short the yuan. This makes betting against the currency cheaper, and allows room for the yuan to weaken.

Tim Culpan

In China, Big Tech Isn't the Enemy. It's the Strategy

Beijing’s goal of building a self-reliant technology industry has been elevated to become a strategic pillar, part of the latest five-year plan setting out top national priorities. This means China is redoubling efforts to wean itself off foreign companies

Bill Dudley

The Fed Is Really Running Out of Firepower

No central bank wants to admit that it’s out of firepower. Unfortunately, the U.S. Federal Reserve is very near that point. This means America’s future prosperity depends more than ever on the government’s spending plans

Lionel Laurent

Covid-19’s Second Wave Is Battering Hospitals

During Covid-19’s first wave, locked down families gathered on their balconies every evening in Paris, Madrid and Rome to applaud exhausted nurses and doctors risking their lives to save others

Mark Gilbert

EU Rolls Brexit Tanks Onto U.K. Hedge Fund Lawn

As negotiations about the terms of the U.K.’s departure from the European Union rumble on interminably, it’s pretty clear that the future relationship will be fractious at best.

Pankaj Mishra

Trump Is One of the World’s Lamer Demagogues

our years after his shock victory, U.S. President Donald Trump seems to be running on empty. Opinion polls predict a win for former Vice President Joe Biden. In some Democratic circles, the word “landslide” is being jubilantly whispered.

Brian Chappatta

A Weakening U.S. Dollar Is Still the Preeminent Currency

In early June, the U.S. dollar appeared to be in total free fall. From May 14 through June 8, the Bloomberg Dollar Spot Index tumbled 4.6%, effectively wiping out all of its appreciation during the worst of the coronavirus crisis.

Noah Smith

Old-Age Is the Next Global Economic Threat

While the world wrestles with a deadly pandemic and how to confront climate change, there’s another, long-term global challenge that no one really knows how to deal with: Population aging.

Brian Chappatta

Goldman Sachs Traders Slow Down, But the Bank Doesn't

-- Goldman Sachs Group Inc.’s traders set an impossibly high bar for themselves to clear in the second quarter. As expected, they couldn’t keep up that kind of frenetic pace in the three months through September. But the bank didn’t need them to

Clara Ferreira Marques

Give China a Cheer for Making Polluters Pay

- China’s ambitious pledge to decarbonize by 2060 requires the world’s top polluter to dramatically raise the cost of spewing greenhouse gases into the atmosphere.

Lionel Laurent

You Can’t Blame the EU for Not Trusting Boris Johnson

This is not the Brexit endgame Boris Johnson expected. Thursday was supposed to be the U.K. prime minister’s make-or-break moment for reaching a trade deal with the European Union before the transition period ends on Dec. 31.

Michael R. Strain

Biden Would Smother the Economy by Raising Taxes

high priority for a Biden White House would be to raise taxes on high-income Americans, and to push the corporate rate up to 28% from 21%. This would satisfy many progressives who want to see higher taxes at the top

Brian Chappatta

JPMorgan Didn’t Signal a Turning Point for the Economy

You could almost feel the shockwave that JPMorgan Chase & Co. sent across Wall Street on Tuesday morning with its third-quarter earnings. Investors have always scrutinized results from the biggest U.S. bank

David Fickling

China's Coal Import Ban Has More Bark Than Bite

Remember in June when China called a halt to purchases of U.S. soybeans and then stopped buying U.S. soybeans? Or last year, when China blocked imports of Australian coal and then stopped buying Australian coal? Yeah, me neither.

Julian Lee

Covid-19 Is Big Oil’s Asteroid Strike

- Covid-19 may do for Big Oil what the Chicxulub asteroid did for the dinosaurs when it struck Earth 66 million years ago. Much like the “terrible lizards,” Big Oil was already in decline before the novel coronavirus hit

Bill Dudley

The Covid Crisis Exposed What Financial Reformers Missed

After the U.S. financial system came to the brink of collapse in 2008, Congress and regulators spent years on renovations designed to prevent that from ever happening again

Andreas Kluth

Trump or Biden, the U.S. and Europe Will Split

Slowly but surely, the Mid-Atlantic Ridge keeps pushing the North American and European plates apart, at the rate of about an inch a year. Something similar is happening in geopolitical tectonics

The Editors

The Fed Is Right and Trump Is Wrong: Stimulus Can’t Wait

President Donald Trump has told his team to stop discussing a new stimulus package until after the election. He should pay closer attention to what Jerome Powell said to the National Association for Business Economics a few hours before

Michael R. Strain

K-Shaped Recoveries End Well for Everybody

There’s a lot of chatter about which letter of the alphabet will represent the shape of the eventual recovery from the pandemic recession. Hopeful politicians predict a V, representing a rebound as robust as the downturn was calamitous

Mohamed A. El-Erian

Trump Illness Exposes Underlying Market Tension

Losses in the main U.S. stock indexes on Friday will go down in history simply as small ones in an otherwise choppy week. But assessed in more detail, they provide a remarkable example of the intense tug-of-war that now grips markets and will most likely..

Conor Sen

America’s Economy Has Broken the Curse of the ‘70s

he Federal Reserve spent the past several years shifting to a policy framework that emphasizes employment more and inflation less. This made it more patient with business cycle expansions

David Fickling

We're a Long, Long Way From Running Out of Gold

Here’s one potential reason to add some bullion coins or bars to your investment portfolio: They’re not making any more of them. All the gold that’s ever been mined would fit into a cube with edges 22 meters long

The Editors

End the Stalemate Over Coronavirus Relief

- Last week, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin finally got around to talking about a new round of coronavirus aid, and yesterday the Democrats released a new plan

Andreas Kluth

Should We Have Corona Lockdowns Just for the Old?

he mayor of Moscow just ordered all Muscovites older than 65 to stay at home. This idea of restrictions imposed on just one category of citizens — those most at risk of dying from Covid-19

Julian Lee

Oil Heavyweights Look Ready for a Showdown

Oil producers could be set for another showdown before the end of the year, with heavyweights Saudi Arabia and Russia holding different views on how to approach the halting recovery in oil demand.

Noah Smith

Trump’s Threat to Democracy Threatens the Economy

It’s still possible the November election will go off without a hitch and be settled the way most elections are settled -- by simply counting the votes, assigning electors based on statewide majorities and letting the constitutional rules decide who won

Jonathan Bernstein

If Trump Prepares for Tyranny, Will Republicans Follow?

- Let’s be clear: Any attempt by Republican state legislators to appoint their own set of electors — the people who will actually select the next president in the electoral college — in defiance of their states’ voters after the Nov. 3 election...

Tim Culpan

Blacklisting U.S. Tech Would Highlight China’s Own Weakness

Plans by China to draw up a blacklist of U.S. technology firms might sound great to hardliners as a retaliatory measure against Washington, but would most likely backfire

Niall Ferguson

California Burnin’ — a Warning Against One-Party Rule

I was with him all the way until he said the words “on climate change.”

The Editors

Powell Can’t Disguise the Limits of Monetary Policy

Federal Reserve Chairman Jerome Powell has made his first policy announcement since unveiling the central bank’s new monetary strategy in August. Financial markets have plenty of questions about the plan, but Powell on Wednesday provided..

Brian Chappatta

The Fed’s ‘Explicit Guidance’ Is Full of Loopholes

Federal Reserve officials determined at their meeting two months ago that providing greater clarity about the likely future path of the federal funds rate “would be appropriate at some point.” That moment is now.

Brian Chappatta

Wall Street Economists Channel Powell's Fiscal Vision

This is the time to use the great fiscal power of the United States to do what we can to support the economy and try to get through this.” Those words came from Federal Reserve Chair Jerome Powell in late April, about a month after the Coronavirus Aid

Tim Culpan

In TikTok Sale, Microsoft Is No Loser and Oracle No Winner

Heartiest of congratulations go to Microsoft Corp. Six weeks after announcing to the world it was in talks to buy TikTok, the American software giant comes out to tell us it didn’t get the gig.

Justin Fox

It’s Been a Bad Year to Be a Tourist Magnet

Like a lot of countries in East and Southeast Asia, Thailand has done a pretty spectacular job of controlling the coronavirus pandemic. There have been just 3,446 confirmed cases of the diseas

The Editors

Trump’s Eviction Ban Doesn't Go Far Enough

Millions of people in the U.S. are facing the threat of eviction amid one of the worst health and economic crises in the nation’s history. Helping them should be a top priority.

Aaron Brown

Biden Plan to Improve the 401(k) Does the Opposite

I’ve written a couple of recent columns found here and here on fixes needed to restore the value of 401(k) and other deferred tax retirement plans for young median-wage workers.

Shuli Ren

A Bubble Scarier Than Big Tech Is Brewing in China

In China, an even scarier bubble than Big Tech is brewing. It's engineered not by the nation’s notorious mom-and-pop investors, but professional stock pickers. These days, even a soy sauce maker can be valued at 100 times earnings.

Marcus Ashworth

Trump or Biden, Who's Best for Dollar vs. Euro?

Strategists at JPMorgan Chase & Co. wrote this week about the odds narrowing on a Donald Trump win in the U.S. presidential election. His opponent, Joe Biden, is still comfortably ahead in the polls, but the bank’s commentary got me thinking

Mark Gilbert and Marcus Ashworth

A Currency War Is the Last Thing the World Needs

“It's our currency, but it’s your problem,” John Connally, Richard Nixon’s treasury secretary, told the world in 1971. Four decades later, the dollar’s weakness threatens to incite a full-blown currency war

Robert Burgess

Murphy’s Wall Street Tax Plan Has Pros and Cons

The Covid-19 pandemic and resulting recession have wreaked havoc on U.S. state budgets. Lawmakers are looking for news ways to generate revenue to help close the spending shortfall.

Paul Podolsky

Negative Real Rates Aren't Reversing Anytime Soon

The collapse in real interest rates to below zero means the U.S. government is being paid to borrow and spend. This is obviously rare, but that doesn’t mean the situation will soon reverse.

Daniel Moss

The Fed Is Fighting the Last War on Inflation

By signaling a more relaxed view of inflation and foreshadowing U.S. interest rates will stay lower for longer, the Federal Reserve has given Asia’s economic chiefs a green light to rev commerce well into the coming decade.

Ramesh Ponnuru

Trump Oversells His Economic Success Story

Economies have a stubborn habit of not cooperating with political narratives.At start of the year, the gaggle of Democrats running for president wanted very badly for “President Trump’s economy” to be failing most Americans.

The Editors

The Fed’s Big Rethink on Monetary Policy

In his speech this week for the annual Jackson Hole conference, Federal Reserve Chairman Jerome Powell will talk about the central bank’s long-awaited review of monetary policy.

Andreas Kluth

Women Have Been Better Leaders Than Men During the Pandemic

The evidence is in: At least during the first wave of Covid-19, countries with female leaders suffered far lower death rates than comparable nations led by men. This doesn’t mean that the trend will necessarily persist in a second or third wave.

Max Nisen

Pharma Rivals Are Fighting Covid Together. Why Stop There?

The world is relying on drugmakers’ expertise to get us out of the Covid-19 crisis — initially with treatments to help lessen the risks from contracting the virus, and then ultimately with a vaccine.

Chris Bryant

Did Europe Make a Mistake Reopening Its Borders?

Was is it all for nothing? With Spain, France and Germany recording the highest number of virus cases since they emerged from lockdown, the danger that Europe blows its best chance of taming the coronavirus grows by the day.

Shuli Ren

China Just Killed Its $491 Billion Private Loan Market

Sometimes you've got to wonder what Beijing’s priorities are: helping small businesses weather the Covid-19 storm or taking victory laps. The message to the private banking world is unclear.

Robert Burgess

The Stock Market’s Improbable Recovery Explained

Judging solely by the stock market, no one would know that the economy is suffering its worst downturn since the Great Depression because of the coronavirus pandemic. After plunging 34% over almost five weeks in February and March...

Tim Culpan

Trump Just Took the Nuclear Option on Huawei

In May, the administration of President Donald Trump mandated that manufacturers globally couldn’t use American technology to produce chips designed by Huawei.

Daniel Moss

Japan Has Always Scraped By. Covid Will Make That Harder

Despite being written off by skeptics as an economic wasteland for the past three decades, Japan has often managed to scrape by, and has even enjoyed periods of sustained growth.

Nisha Gopalan

China May Dismiss U.S. Sanctions. Its Banks Can’t

Hong Kong and Chinese officials scoffed when the Trump administration imposed sanctions last weekend on 11 individuals deemed to have played a role in undermining the city’s autonomy. Luo Huining, director of the central government’s Liaison Office...

Conor Sen

Don't Sweat a Temporary Spike in Inflation

July’s surprisingly strong consumer price data may raise understandable fears that inflation is making a comeback. After all, the Fed is aggressively supporting the economy, Congress has allocated trillions of dollars in fiscal relief

Ramesh Ponnuru

Biden Makes the Safe Choice With Kamala Harris

Biden said he was going to choose a woman. The next logical question, once he made that declaration, was whether that woman would be White. So he more or less had to choose a nonwhite woman: A White woman would have been a disappointment to too many Dems

Tim Culpan

SoftBank Gives Up Pretending It Isn't a Fund

Once the owner of two telecom companies and a collection of other operating businesses, the Japanese conglomerate would report quarterly operating profit and net income.

Lionel Laurent

What Spain Is Telling Us About Second Wave of Coronavirus

Last week’s 750 billion-euro ($877 billion) Covid-19 rescue fund marked a high point in the European Union’s plan to tackle the economic fallout of the virus.

Therese Raphael

London Needs the Tube and the Tube Needs Londoners

Now an underground system that has defined the life and character of a city since 1863 is edging toward a financial abyss, as social distancing and home-working become the new norm.

Joe Nocera

I Was Wrong About Florida’s Response to Covid-19

Florida is now the epicenter of the pandemic in the U.S. Since July 10, the number of new positive cases has averaged more than 10,000 a day. As of Wednesday, the total number of cases was nearly 380,000 according to the state’s health department.

Tyler Cowen

The U.K.’s Response to Covid-19 Has Been World-Class

When the discussion turns to which countries have responded best to Covid-19 — and if nothing else, the pandemic frees up a lot of time for this debate — those most often mentioned are Taiwan, New Zealand and Vietnam.

Ferdinando Giugliano

The ECB Can't Slow Its Stimulus Buying Yet

Since the pandemic in Europe appears relatively contained, some central bankers may find it tempting to discuss when and how to begin withdrawing emergency stimulus measures. President Christine Lagarde should ignore such suggestions.

Daniel Moss

You Want the Truth? You Can't Handle Total Lockdown

Second waves of coronavirus outbreaks may not mean reimposing blanket restrictions on activity in Asia. The region’s economies, which have seen more than half a century of growth grind to a halt, won't be able to handle it.

Teresa Ghilarducci

The Covid Recession Offers a Chance to Save Money

This pandemic could be a once in a lifetime break in your spending habits, and a breakthrough for your saving habits. As people hunkered down, spending fell drastically for restaurants, hotels and airfares

Justin Fox

There’s Still a Gaping Hole in the Economy

une was another big month for job growth as employers called back workers from coronavirus-induced layoffs. As a resurgence of the disease in the U.S. raises lots of questions about whether the growth can continue

Shuli Ren

Wirecard Is a Wild Card, Even Without SoftBank Money

What’s more perplexing, a company that can’t seem to avoid due diligence failures, or one that throws its name behind a controversial partner without putting in a dime? Investors in SoftBank Group Corp. may have seen a bit of both

Andreas Kluth

This Is Angela Merkel’s Swan Song as Leader

Covid-19 is a crucible of leadership. Some people are failing this test — the presidents of Brazil, Russia and the U.S. spring to mind. Others are passing it with flying colors, notably the leaders of New Zealand, Denmark and Taiwan.

Julian Lee

Trump’s Inaction Makes Oil Market Management Harder

The unprecedented OPEC+ deal in April, which led to drastic output cuts, is now entering its most dangerous phase, with oil demand and prices recovering. At the time, President Donald Trump claimed credit for the breakthrough, even though the U.S...

Tara Lachapelle

SoftBank's Son Hawks a Hot Stock for Cool Cash

As Japan’s SoftBank Group Corp. unloads about 200 million shares of T-Mobile US Inc., more investors get a chance to own a top-performing stock that had been hogged by insiders. SoftBank’s fire sale isn’t a knock on T-Mobile,

The Editors

What the Next Stimulus Should Look Like

So far, the U.S. economic-policy response to the coronavirus crisis has been impressive. Nobody could accuse Congress and the Federal Reserve of being timid about supporting output and employment.

Mark Gilbert

If U.S. Stocks Are a Bubble, They’re Hardly Alone

Many of the world’s leading investors are concerned that the recent gains in the U.S. stock market are overdone, given the uncertain economic outlook and the risks of a second wave of the Covid-19 virus

Noah Smith

Fear of Infection Hurt the Economy More Than Lockdowns

Until recently, it seemed like the contentious debate over lockdowns was over. By the end of May, many states were defying the warnings of public-health experts, reopening restaurants, retail and public spaces

Noah Feldman

Trump Lawsuit Against John Bolton Is Beyond Frivolous

President Donald Trump’s administration is suing former national security adviser John Bolton in a last-ditch effort to block publication of his forthcoming memoir, which contains damaging allegations about Trump’s attempts to get China’s President Xi

Marcus Ashworth and Elisa Martinuzzi

Europe Is in Danger of Another Sovereign Debt Doom Loop

The European Union has been relaxing its rule book for banks — painstakingly built up in the decade or so since the financial crisis — as it tries to manage the impact of coronavirus. Unfortunately, the move might create big problems if economic....

Mohamed A. El-Erian

Stock Exuberance Poses Risk to Broader Economy

A wild week for U.S. stock market indexes was accompanied by some eye-popping moves in individual listings, several of which were apparently driven by retail investors and lacked easy explanations other than exuberance.

Marcus Ashworth

Bond Issuers Are Living in the Land of Milk and Honey

uropean sovereign debt issuers are in the land of milk and honey, racing to get as much as possible of this year’s issuance completed before the summer lull. With so much monetary stimulus sloshing about , governments even have an eye on getting ahead ....

Shuli Ren

China Is Killing Its Bond Bull to Save Main Street

ou’ve got to feel for central bankers. Their hearts are in the right place, with all these efforts to help Main Street businesses weather a bad economy. But their largesse often ends up on Wall Street, in the pockets of traders and big corporate treasurers

Nir Kaissar

Stock Market Has Almost Always Ignored the Economy

The S&P 500 Index has surged 45% since it last bottomed on March 23 through Monday, based on closing prices. It’s up 8% since protests began on May 27 in response to the death of George Floyd in police custody in Minneapolis

Stephen Roach

A Crash in the Dollar Is Coming

he era of the U.S. dollar’s “exorbitant privilege” as the world’s primary reserve currency is coming to an end. Then French Finance Minister Valery Giscard d’Estaing coined that phrase in the 1960s largely out of frustration, bemoaning a U.S

Justin Fox

There Are Two Recessions, Not One

Of the 21.4 million nonfarm payroll jobs that disappeared in the U.S. from mid-February to mid-April, 17.6 million, or 86%, were in the six lowest-paid (as measured by average weekly wages in February) of the 11 supersectors

Conor Sen

Big Job Gains Are Coming, But Not Yet and Not Enough

The economic disruption caused by the coronavirus has led to huge questions about what the employment situation in the U.S. will look like in a few months, let alone in the next year or so

Barry Ritholtz

Gold Is On the Rise Along With Unemployment

The pandemic has changed the state of the economy and with it the most attractive risk assets, according to this week's guest on Masters in Business, economist David Rosenberg. He expects rates to remain very low for as far as the eye can see

Noah Smith

The U.S. Gets Serious About Catching Up to China in R&D

For a few years now, commentators (including myself) have been calling for a big boost in research spending by the U.S. federal government. In their book “Jump-Starting America: How Breakthrough Science Can Revive Economic Growth and the American Dream,”

Peru’s Ousted Ex-President Martin Vizcarra to Run for Congress

Ethiopian Forces Take Control of Capital of Tigray Region

Trudeau Ready to Open Spending Taps for Coronavirus and Beyond

Iran Pledges Payback at ‘Right’ Time Over Scientist Killing

Democrats Look to Young Voters to Win Georgia and the Senate

Pursuits

As Catwalks Move Online, Luxury Brands Try to Keep a Human Touch

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.