Oil prices steadied as traders await Wednesday’s interest-rate decision from the Federal Reserve to gauge the economy’s strength and the trajectory of oil demand. West Texas Intermediate swung between gains and losses before ending the […]
U.S. competitors are pushing the limits of autonomy within a dollar-based system, but there isn’t a real global alternative—and the world is far from an inflection point. It has been 80 years since the Bretton […]
New York | Global investors are turning their backs on sustainably focused stock funds, as poor performance, scandals and attacks from US Republicans hit enthusiasm for a much-hyped sector that has pulled in trillions of dollars […]
Complex relationship Tensions between China and the United States have been on the rise for an extended period, driven by economic competition, geopolitical disagreements, and various diplomatic clashes. Recently, China has intensified this complex relationship […]
Quantitative Tightening has removed 40% of Treasury securities and 28% of MBS that pandemic QE added. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet dropped by $107 billion in May, to $7.26 trillion, […]
Unrealized losses in the US banking system are once again on the rise, according to new numbers from the Federal Deposit Insurance Corporation (FDIC). In its Quarterly Banking Profile report, the FDIC says banks are now saddled […]
Returning to the gold standard would limit the issuance of new currency. There are geopolitical reasons why the US abandoned the gold standard in 1971. Fiat currencies are backed by the interest payments made on […]
The European Union just passed a directive requiring ESG mandates for European businesses. ESG, of course, stands for environmental, social and governance standards. Or in the fine print — definite corporate action concerning climate change; […]
The US government just spent over half a trillion dollars in interest payments on its national debt in a mere seven months. The Committee for a Responsible Federal Budget (CRFB) reports that net spending on interest reached […]
***The Europe Ahead series covers views from MEPs in charge of economic files for the main political groups in the run-up to the June EU elections. Right-wing arguments that Europe would need to sacrifice […]
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