Covid cases are on the rise in several European countries. Upticks are visible again in France, Italy and the UK. Infection rates in both Austria and Germany eclipse previous waves of the virus (based on cases per million). China is grappling with new highs in terms of case counts. The US may soon follow. This fifth wave of the ...

  Jerome Powell seemed to get the message across this time. After the most recent Federal Open Market Committee meeting, bond yields fell as he laid out an extremely hawkish agenda in his press conference. The conventional wisdom is that traders took Powell’s repeated insistence that the economy was strong enough to withstand repeated hikes as reason to be optimistic ...

  Bloomberg Boeing Co faces a new crisis after a 737 jet fell out of the sky in China, renewing concerns about its best-selling family of planes and extending one of the most turbulent periods in the aviation titan’s century-long history. The 737-800 aircraft operated by China Eastern Airlines Corp nose-dived into mountainous terrain with 132 people on board, prompting ...