The dollar weakened and US borrowing costs jumped after President Donald Trump claimed to have sacked Federal Reserve governor Lisa Cook, escalating his battle with the country’s independent central bank. In a move without precedent in modern US history, Trump ...
The government’s National Wealth Fund (NWF) has pledged up to £200 million to support new battery storage projects across Britain, as part of a £500 million investment package designed to strengthen the country’s clean energy infrastructure. The deal sees the ...
Romina Boccia, Dominik Lett, and Ivane Nachkebia As we close out our third year, we’re once again taking stock of what our team has been working on—and the impact we’re making (see our first and second year recaps, here and ...
Fed Chairman Jerome Powell’s claims to want to protect the “independence” of the Federal Reserve ring hollow. Following sound monetary policies is more important than the theoretical “independence” of the central bank. ...
David Inserra President Trump took to Truth Social to “put all Countries with Digital Taxes, Legislation, Rules, or Regulations, on notice that unless these discriminatory actions are removed, I, as President of the United States, will impose substantial additional Tariffs ...
In case you haven‘t noticed, housing prices are not rising like they did a short time ago, thanks to higher interest rates. Bringing down those rates, however, will increase inflation and make housing less affordable. ...
Jeffrey Miron A widely endorsed view of markets holds that “capitalism without bankruptcy is like religion without hell.” Thus, as new research notes, [B]arriers to firms exiting the market, such as the costs of bankruptcy, laying off workers, and selling or ...
Matthew Cavedon By all appearances, the death penalty is highly unpopular in the District of Columbia. The last person the city executed was Robert Carter in 1957—his jury actually recommended that he get life, but the death penalty was mandated ...
The owner of the Financial Times has launched legal action against artificial intelligence start-up Perplexity AI, accusing the company of large-scale copyright infringement and “free riding” on journalists’ work. Japanese media group Nikkei, alongside daily newspaper The Asahi Shimbun, has ...
Debenhams Group is considering the sale of Pretty Little Thing as part of a wider restructuring effort aimed at stabilising the struggling fashion retailer. Chief executive Dan Finley, who took charge last November after the resignation of John Lyttle, said ...