Opinion

  The Federal Reserve is inching towards acknowledging how painful its inflation fight is likely to be, but it’s still a lot closer to the optimists than the pessimists. On a day when it raised interest rates by 0.75 percentage point to a range of 3% to 3.25%, the Fed also released economic projections showing that its median forecast for ...

After the mourning period and state funeral for Queen Elizabeth II, the attention of the new Liz Truss government in the UK returns to how best to moderate cost-of-living pressures while seeking growth. The success of this approach, details of which will be made available in the next few days, is not assured. Much will depend on four economic and ...

You should reconsider the bank you use, at least for some of your savings. Chances are, if you’re a customer at one of the major retail banks, you’re leaving real money on the table. High-yield online savings accounts are finally starting to feel like they are in fact, high-yielding — or at least higher-yielding than they’ve been in recent years. ...

  Elon Musk’s bid to get out of buying Twitter Inc for about $44 billion goes to trial October 17 in Delaware. The same day, another multibillion-dollar lawsuit that zeroes in on good faith when parties sign contracts will be heard in US District Court in Washington. The investment firm Fairholme Funds Inc is leading a group that claims US ...

  The Bucha atrocities and more recent evidence of torture from the areas near Kharkiv recently retaken by the Ukrainian military create an impression of a Russian genocidal zeal — the kind exhibited by Nazi German troops in the territories they captured or, say, by Italian fascist troops in Ethiopia. Yet Vladimir Putin’s Ukraine adventure is such a flop precisely ...

  After Amazon.com Inc, it’s the turn of Apollo Global Management Inc to wade into the jungle that’s corporate governance in India. It has sued a Mumbai-based warehousing firm in which it owns a large stake. The cause of the dispute vanished when the company dropped a controversial plan to sell its business. But the US shareholder, whose rejection of ...

In a few weeks’ time, Mark Zuckerberg will announce a new virtual reality (VR) headset from Meta Platforms Inc. Embarrassingly, we already know what it will look like. A video of the purported device has been doing the rounds online after someone found one in a hotel room. Yet none of that should matter because whizzy VR headsets are becoming ...

  Quiet quitting, where you don’t quit the job but no longer subscribe to the culture that work is your life, is alien to Hong Kong’s diligent finance worker bees. But conditions are ripe for them to stop hustling for a while. Say no to 12-hour days and late-night conference calls. This year, few are expecting blow-out bonuses that would ...

  Wednesday’s meeting of the Federal Open Market Committee is dominating all discussions. That’s inevitable. But if there’s one area where the Fed’s monetary policy could wreak changes, and where many Americans fear that it will, it is on housing. The latest diffusion index of homebuilders’ confidence produced by the National Association of Home Builders was published. It’s easy to ...

The world is fretting over the demise of global supply chains and the threat of deglobalisation, with the US trying to lure manufacturing activity back home — or at least closer. Yet supply chains have actually evolved for the better in some places — particularly in Asia — despite all the challenges since 2020 as Covid roiled global trade. The ...