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The false promise of friendshoring

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America, China and Europe appear to be trading less with their geopolitical rivals

How American states squeeze athletes (and remote workers)

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Sports are big business in America. The country’s four largest professional leagues generate about $45bn in revenues a year, more than half of...

Investors may be getting the Federal Reserve wrong, again

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The interest-rate market has a dirty secret, which practitioners call “the hairy chart”. Its main body is the Federal Reserve’s policy rate, plotted...

Wall Street titans are betting big on insurers. What could go...

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Blackstone listed on the New York Stock Exchange during the summer of 2007. Doing so just before the global financial crisis was hardly...

Wall Street is praying firms will start going public again

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Can you feel the chill? It is bone-deep, now. In 2021 capital markets were searing hot. On average, at least one new firm...

American stocks loiter near an all-time high

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It is the first trading day of the year. The stockmarket opens a whisker away from an all-time high. American equities have soared...

Has America really escaped inflation?

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The country’s extraordinary economic vigour keeps the threat alive

Will America manage a soft landing in 2024?

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Could 2024 be a year unlike any in America’s post-war economic history? Never since 1945 has annual inflation, measured by the consumer-price index,...

Hong Kong’s problems trace back to China. And also America

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Sevva, a swanky bar and restaurant with electrifying views, has been serving bankers and sightseers for more than 15 years. From its terrace,...
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