One of the most difficult challenges in finance is how to price crypto assets. Bonds pay interest. Stocks pay dividends. What exactly do crypto assets pay? Well, other people value them too, but what does that depend upon? How can crypto valuations be connected to something real? The value of crypto assets comes from a few core uses — ...

  Look past the fracas about Jamie Dimon’s shifting prognosis for the US economy — from cautious optimism a week ago to warning of an imminent “hurricane.” What matters is that a titan of American finance is prepared to say what too few have over recent decades: Domestic conditions can look pretty good, until they’re quickly undercut by adverse events ...

  Bloomberg The day after Wuhan went into a lockdown in January 2020, Singapore Airlines Ltd Chief Executive Officer Goh Choon Phong called a crisis meeting at Airline House, the company’s massive, factory-like headquarters at the end of Changi Airport’s runways. The question to be answered: How bad is this going to be? Within weeks, as China locked down more ...