In bankrupt Lebanon, locals mine bitcoin and buy groceries with tether, as $1 is now worth 15 cents
Aerial view of the seafront Manara district near downtown Beirut. Bilwander | Getty Images When Georgio Abou Gebrael first heard…
Markets need to ‘re-anchor their thinking’: Bank of England chief economist hints that traders have it wrong
LONDON — The Bank of England remains committed to its “key goal” of bringing down inflation, but hopes markets will…
The crisis is over for the British pound, but analysts see further weakness ahead
Traders in London. DANIEL LEAL-OLIVAS | AFP | Getty Images LONDON — The British pound is on firmer footing since…
What Would The US Economy Look Like Had COVID Never Happened?
Get your free subscription to Morning Brew at https://morningbrewdaily.com/economicsexplained 0:00 – 1:16 intro1:17 – 2:08 Morning Brew2:09 – 4:17 Trade…
The Fed is expected to raise interest rates by three-quarters of a point and then signal it could slow the pace
The Federal Reserve is expected to raise interest rates by three-quarters of a percentage point Wednesday and then signal that…
Chinese tech giants’ push into U.S., Europe’s markets sets up potential clash with Amazon
TikTok owner ByteDance has launched a women’s fashion website called If Yooou. Pinduoduo launched an e-commerce site in the U.S.…
American companies increasingly look outside of China after Covid
Parts of Shanghai have faced intermittent restrictions on business due to Covid controls, even after a broader two-month lockdown ended…
Alphabet misses on earnings as YouTube shrinks; company will cut headcount growth by half in Q4
Alphabet shares dropped about 7% in extended trading on Tuesday after the company reported weaker-than-expected earnings and revenue for the…
It Took Eight Years, an Army of Engineers, and 1,600 Pounds of Chains to Bring Artist Charles Gaines’s Profound Meditation on America to Life. Now, It’s Here
Charles Gaines has unveiled his ambitious public art piece Moving Chains on New York’s Governors Island. All it took was…
Why China won’t bail out its real estate sector
Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a…
With UK leader Liz Truss quitting, here are the top contenders to replace her
LONDON — British Prime Minister Liz Truss resigned Thursday, bringing to a close a brief 44-day tenure mired by “mini-budget”…
China’s Economy is in Bad Shape
In this episode we take a look at the many problems facing China’s economy. How did the country end up…
Dow closes 400 points lower to end a wild week of trading
Stocks slumped Friday, capping off a volatile week of trading, a day after posting a historic turnaround rally as investors…
British government performs major U-turn on tax cuts. But markets are far from convinced
British Prime Minister Liz Truss attends a news conference in London, Britain, October 14, 2022. Daniel Leal | Reuters LONDON…
Fed officials expect higher rates to stay in place, meeting minutes show
Federal Reserve officials have been surprised at the pace of inflation and indicated at their last meeting that they expect…
UK bond market moves are dramatic — and confusing. And analysts think it could get worse
Getty Images LONDON — U.K. bonds sold off again this week, pushing yields to their highest level since before the…
‘This is serious’: JPMorgan’s Jamie Dimon warns U.S. likely to tip into recession in 6 to 9 months
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and…
Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong
Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve…