Opening an antitrust action against a company whose service offers better choice and flexibility than its main rival would be a bizarre move. But that is exactly what a group of 36 state attorneys general did when they sued Alphabet Inc.’s Google
With overall employment appearing to bounce back, the argument by some politicians that overly generous enhanced jobless benefits are impeding the economic recovery is losing steam. Moreover, the extra cash will turn out to be a good thing in the long run
The rules of finance have been turned on their head in the meme-stock era. Now when a company’s prospects deteriorate and short sellers bet a stock will fall further, retail investors often ignore the financial fundamentals and pile in anyway
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...
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
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
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
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
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
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
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
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...
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
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
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.
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
If it wasn’t for last year’s extraordinary events, there would be nothing even remotely remarkable about Jayshri Hodkar’s struggle to survive as a single mother of two on the earnings of her tailoring shop, a single machine in one room of a rented house
The $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
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
The Rubenstein Show