Economy & Policy

US Inflation Remains Stubbornly High at 8.3%

The latest US inflation reading is stubbornly higher than expected.

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China Extends Its Influence With Emergency Loans

China is emerging as a major competitor to the IMF.

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Gene Company Illumina to Appeal EU Block on $7.1 Billion Grail Acquisition

The EU blocked a merger deal for a company that has no business in Europe.

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The UK’s New Prime Minister Has a Queen’s Commemorative Plate Full of Economic Challenges

The UK’s new Prime Minister has her work cut out for her.

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Japan Boosts Defense Spending in Face of China Threat

Rising tensions with China has Japan second-guessing its meager defense budget.

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Hedge Funds Make Biggest Bet Against Italy Since the Great Recession

Hedge funds are betting against the Italian economy like it’s the Detroit Lions.

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The Fed Hosts Global Banking Summit at Jackson Hole as Rate Hikes Loom

The world’s economic elite are descending on a Wyoming ski town once more.

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Ultra-Rich Americans Seek Refuge in Offshore Accounts

A new Senate report sheds light on a massive tax loophole.

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Turkey Cuts Interest Rates Despite 80% Inflation, Ghana Interest Rate Set at 22%

Even with 200-plus central banks in the world, it’s hard to imagine two more different responses to soaring inflation and a depreciating currency. Turkey’s central bank on Thursday announced a shocking cut to interest rates, despite 79.6% inflation and the…

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Bonds, Stocks Rally After Encouraging Inflation Report

Goldman Sachs

Go ahead and cancel that massage appointment, because the latest CPI numbers will surely ease any stress-induced back pain. On Wednesday, data released by the US Department of Labor showed the pace of inflation cooled considerably in July from June…

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Tale of the Tape: Warren Buffett and Cathie Wood

Farm Strong: Understanding Agriculture as an Investment

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