United States

The Economist

Profits at America’s banks are sky-high

It helps that the economy is on the up, and markets are soaring

Published on 17 April 2021 | 12:00 am


Is growth in China soaring or slowing?

The answer depends on how you calculate growth

Published on 17 April 2021 | 12:00 am


John Williamson, who defined the “Washington consensus”, died on April 11th

His brainchild became caricatured. But it had never been a manifesto

Published on 15 April 2021 | 2:55 pm


The appeal of emerging-market dollar bonds

For a start, the alternatives are hardly compelling

Published on 15 April 2021 | 2:55 pm


America’s inflation spike begins

A data quirk and a reheating economy push up the consumer-price index

Published on 13 April 2021 | 12:00 am


The war against money-laundering is being lost

The global system for financial crime is hugely expensive and largely ineffective

Published on 12 April 2021 | 12:00 am


Totting up bitcoin’s environmental costs

Without regulation, mining in China could consume as much energy as Italy by 2024

Published on 10 April 2021 | 12:00 am


Coinbase goes public with a pop

But the success of the cryptoexchange is not guaranteed

Published on 10 April 2021 | 12:00 am


The IMF marks up the global recovery

America looks set to outperform

Published on 10 April 2021 | 12:00 am


In poor countries, statistics are both undersupplied and underused

Governments often lack incentives to collect, share and use data

Published on 8 April 2021 | 2:48 pm


Robert Mundell, an influential international economist, has died

He was considered the intellectual father of the euro

Published on 8 April 2021 | 2:48 pm


As China’s stockmarket corrects, regulators try doing less

So far, they have avoided heavy-handed intervention

Published on 8 April 2021 | 2:48 pm


House prices in the rich world are booming

Unusually, suburbs not cities are feeling the heat

Published on 8 April 2021 | 12:00 am


Janet Yellen calls for a global minimum tax on companies. Could it happen?

Many countries want to link a deal to the trickier issue of taxing rights on profits

Published on 8 April 2021 | 12:00 am


How has the IMF fared during the pandemic?

Take-up of its schemes has been lower than the scale of the covid-19 crisis would suggest

Published on 3 April 2021 | 12:00 am


What the enthusiasm for funding startups means for the VC world

More money chasing scarce ideas means that the prices paid for startups rise

Published on 31 March 2021 | 2:56 pm


What 100 contracts reveal about China’s development lending

Loans are not obviously predatory; secrecy is sometimes a condition

Published on 31 March 2021 | 2:56 pm


What if Europe’s fiscal largesse were as generous as America’s?

America’s rapid recovery from covid-19 offers a glimpse of what could be

Published on 31 March 2021 | 12:00 am


The electric-car boom sets off a scramble for cobalt in Congo

Western buyers are becoming alert to miners’ poor working conditions

Published on 31 March 2021 | 12:00 am


Governments have identified commodities essential to economic and military security

Obtaining them is another matter

Published on 31 March 2021 | 12:00 am


Archegos, a family office, brings Nomura and Credit Suisse big losses

More bad news may follow. But the episode already raises disquieting questions

Published on 31 March 2021 | 12:00 am


The economics of falling populations

A shrinking global population could slow technological progress

Published on 27 March 2021 | 12:00 am


The Fed and the bond markets

How to avoid another taper tantrum

Published on 27 March 2021 | 12:00 am


Battered Bafin’s new boss Branson

Cleaning up after the Wirecard scandal

Published on 27 March 2021 | 12:00 am


The impact of green investors

Sustainable investing faces up to the sceptics

Published on 27 March 2021 | 12:00 am


Trade inflows in Asia fuel debate over currency intervention

Foreign-exchange reserves are both an insurance policy and a lightning rod for criticism

Published on 25 March 2021 | 12:00 am


America used to be behind on digital payments. Not any more

PayPal, Stripe and others are only just getting started

Published on 25 March 2021 | 12:00 am


Just how anchored are America’s inflation expectations?

The legacy of the Biden stimulus—and of Jerome Powell—may depend on the answer

Published on 25 March 2021 | 12:00 am


Why two former central bankers are talking about trust

Two books by Mark Carney and Minouche Shafik consider its importance for economies and societies

Published on 20 March 2021 | 12:00 am


Efforts to modernise economics teaching are gathering steam

The hope is that it will help diversify the profession

Published on 20 March 2021 | 12:00 am


Italy is central to the bull case for euro-zone stockmarkets

Might there be a Draghi effect?

Published on 18 March 2021 | 3:55 pm


Non-fungible tokens are useful, innovative—and frothy

The craze extends from digital art to sports clips and cat cartoons

Published on 18 March 2021 | 12:00 am


America’s banks have too much cash

Abundant liquidity is meant to help markets. It might soon cause trouble

Published on 18 March 2021 | 12:00 am


China’s markets are shaking off their casino reputation

Can foreign firms actually win?

Published on 18 March 2021 | 12:00 am


The perils of asking central banks to do too much

Dealing with inequality and climate change is best left to politicians

Published on 13 March 2021 | 12:00 am


China’s government is cracking down on fintech. What does it want?

The state is seeking to position itself at the heart of the industry

Published on 13 March 2021 | 12:00 am


Warmer Arctic waters could turn the tides in LNG markets

Russia begins to ship gas through the Arctic all the year round

Published on 13 March 2021 | 12:00 am


China’s budget forecast is more informative than its growth target

The economy often grows more slowly than the Ministry of Finance expects

Published on 13 March 2021 | 12:00 am


How America’s blockbuster stimulus affects the dollar

Stronger growth and higher rates should mean a stronger greenback

Published on 13 March 2021 | 12:00 am


The many guises of vaccine nationalism

Italy will not be the last to block shipments

Published on 11 March 2021 | 3:53 pm


The world’s consumers are sitting on piles of cash. Will they spend it?

Households look set to power the economic recovery—especially in America

Published on 9 March 2021 | 12:00 am


Oil markets prepare for lofty prices and restrained supply

A failed attack on a Saudi refinery is only the latest event pushing prices up

Published on 8 March 2021 | 12:00 am


With growth on track, China starts to unwind stimulus

Its exit will offer a partial preview for others

Published on 6 March 2021 | 12:00 am


Greensill Capital’s woes will reverberate widely

The supply-chain financier’s troubles highlight overlooked risks in the system

Published on 6 March 2021 | 12:00 am


Why people are worried about the bond-equity relationship

Buried in the quant argot is a fear of a return to 1970s-style inflation

Published on 6 March 2021 | 12:00 am


Which emerging markets are most exposed to a Treasury tantrum?

Some countries may be victims of their own success

Published on 4 March 2021 | 3:47 pm


What is a celebrity worth?

How celebrities price themselves on Cameo

Published on 4 March 2021 | 3:47 pm


Might the pandemic pave the way for a universal basic income?

A true UBI seems far off. But more experimentation is likely

Published on 2 March 2021 | 12:00 am


Get ready for more bond-market scares

Anxieties about inflation, on which a constellation of asset prices depends, will persist

Published on 1 March 2021 | 12:00 am


Can China’s new carbon market take off?

A decade in the making, its emissions-trading system is now live

Published on 27 February 2021 | 12:00 am


Why the sacking of Petrobras’s boss spooked markets

It suggests that in Brazil liberal reforms are falling further down the agenda

Published on 27 February 2021 | 12:00 am


The prices of sports cards and odd collectibles are booming, too

Financial markets are social things, now more than ever

Published on 25 February 2021 | 3:51 pm


The pandemic has pushed working mums out of the labour force

American women have fared worse than those in other rich countries

Published on 25 February 2021 | 3:51 pm


Why Cathie Wood is the fund manager of the moment

Her hunt for the big business winners of the future holds mass appeal

Published on 24 February 2021 | 12:00 am


Prices in the world’s biggest carbon market are soaring

Investors are paying attention; many see it as a one-way bet

Published on 24 February 2021 | 12:00 am


Tether is fined by regulators in New York

A “stablecoin” is branded anything but, adding to jitters in crypto-markets

Published on 23 February 2021 | 12:00 am


What is the cheapest way to cut carbon?

Bill Gates is the latest to grapple with a thorny question

Published on 22 February 2021 | 12:00 am


What a hot American economy means for the rest of the world

Trading partners will benefit. But the real uncertainty comes from the Fed

Published on 20 February 2021 | 12:00 am


What market break-evens do and don’t tell you about inflation fears

The closely watched gauges are too volatile to be a reliable guide

Published on 20 February 2021 | 12:00 am


The WTO has a new chief. Is it time for new trade rules too?

Ngozi Okonjo-Iweala is not alone in thinking the WTO could do more

Published on 20 February 2021 | 12:00 am


Bitcoin crosses $50,000

But the real action on digital currencies is at central banks

Published on 20 February 2021 | 12:00 am


Amsterdam’s financial centre gains an edge over continental rivals

Brexit and the IPO boom have bolstered the Dutch side

Published on 20 February 2021 | 12:00 am


What the SPAC craze means for tech investing

Signs of the craze are as common as sightings of unicorns in Silicon Valley

Published on 20 February 2021 | 12:00 am


Economic forecasters are pencilling in heady growth rates

America is expected to grow at its fastest pace since 1984

Published on 18 February 2021 | 4:01 pm


Why SPACs are Wall Street’s latest craze

Blank-cheque firms appeal to everyone, from sophisticated financiers to sportsmen

Published on 16 February 2021 | 12:00 am


Washing machines reveal how trade and competition are linked

The saga of Whirlpool’s efforts to secure protection

Published on 11 February 2021 | 3:49 pm


Lessons in betting against bubbles from the Big Short

Knowing for sure that something is askew may not be enough to make you money

Published on 11 February 2021 | 3:49 pm


European banks need new chiefs

But headhunters are struggling to find them

Published on 11 February 2021 | 3:49 pm


Inflation will rise in the coming months

But will it be sustained?

Published on 11 February 2021 | 3:49 pm


China leads in precision-guided central banking. Does it work?

It has helped during the pandemic but done less to cure deep economic problems

Published on 11 February 2021 | 3:49 pm


Should governments in emerging economies worry about their debt?

As in the rich world, interest rates are below nominal growth rates in many places

Published on 11 February 2021 | 3:49 pm


Why the prices of both oil and the metals that seek to replace it are rising

For the first time in a year, oil prices top $60 a barrel

Published on 8 February 2021 | 12:00 am


How WallStreetBets works

The subreddit has already become a subject of study

Published on 6 February 2021 | 12:00 am


High-frequency traders are in the spotlight

They are the stockmarket’s new intermediaries

Published on 6 February 2021 | 12:00 am


A new epoch for retail investors is just beginning

Technology may soon make markets for all kinds of assets as liquid as the stockmarket

Published on 6 February 2021 | 12:00 am


How should economists think about biodiversity?

A new report for the British government lays out a framework

Published on 6 February 2021 | 12:00 am


Chinese investors’ access to foreign assets expands—a bit

A new scheme will allow access to wealth-management products in Hong Kong

Published on 4 February 2021 | 3:54 pm


Germany’s finance minister promises to overhaul financial regulation

In the wake of Wirecard’s collapse, BaFin will be beefed up

Published on 4 February 2021 | 3:54 pm


Why the WallStreetBets crowd are able to profit from predatory trading

Textbooks say it can’t happen. But there are times when front-running distressed traders pays off

Published on 2 February 2021 | 12:00 am


How the GameStop saga threatens Robinhood

The platform’s users are furious, and regulators and lawmakers are on its case

Published on 1 February 2021 | 12:00 am


What would a $15 minimum wage mean for America’s economy?

The large increase carries risks for jobs. But history suggests it could bring large rewards

Published on 30 January 2021 | 12:00 am


Will India’s government act to save its public-sector banks?

Few options are palatable to both the government and investors

Published on 30 January 2021 | 12:00 am


Why you should ignore the siren call of market timing

Few manage to profitably outwit the herd

Published on 30 January 2021 | 12:00 am


The frenzied rise of GameStop

Retail punters 1, short-sellers 0

Published on 30 January 2021 | 12:00 am


Who is at risk from premature austerity?

Some countries are tightening too far, too soon

Published on 30 January 2021 | 12:00 am


As trading restrictions are lifted, the GameStop frenzy continues

Regulators and politicians are weighing in

Published on 29 January 2021 | 12:00 am


What effect will Joe Biden’s “Buy American” order have?

In practice, it may not affect trading partners much

Published on 26 January 2021 | 12:00 am


Can China’s long property boom hold?

The country is building five times as many houses as America and Europe combined

Published on 25 January 2021 | 12:00 am


A Swiss money-laundering probe raises disturbing questions

We investigate the uncomfortably close links between the Swiss and Russian authorities in the Magnitsky case

Published on 23 January 2021 | 12:00 am


China’s regional gap is worsening

While entrepreneurship flourishes in the south, a rust-belt malaise deepens in the north

Published on 23 January 2021 | 12:00 am


Property investment: some hard truths

New research suggests returns are not what they are cracked up to be

Published on 21 January 2021 | 3:52 pm


What is the link between economic crises and political ruptures?

New research uncovers the subtle interaction between economic and social forces

Published on 21 January 2021 | 3:52 pm


Supply bottlenecks are pushing up costs for manufacturers

The effect on inflation should be temporary

Published on 21 January 2021 | 3:52 pm


Have banks now got too much cash?

Some are in the bizarre position of shooing away deposits

Published on 20 January 2021 | 12:00 am


Will Joe Biden’s fiscal stimulus overheat the American economy?

If it does, higher inflation could be the consequence

Published on 19 January 2021 | 12:00 am


China’s economy zooms back to its pre-covid growth rate

Its success offers some useful lessons about how to confront a pandemic

Published on 18 January 2021 | 12:00 am


New research shows the robots are coming for jobs—but stealthily

Look beneath the aggregate economic numbers, and change is afoot

Published on 16 January 2021 | 12:00 am


Why everyone is now an options trader

On average last year almost 30m equity options changed hands each day

Published on 16 January 2021 | 12:00 am


First-time investors are flooding Brazil’s stockmarket

But fiscal uncertainty threatens the boom

Published on 14 January 2021 | 3:51 pm


Shares in emerging markets have hit a record peak

The price of the index is near its 2007 levels. But little else remains the same

Published on 14 January 2021 | 3:51 pm






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