Liz Truss Pulls Screeching U-turn on Plans to Cut Taxes for Britain’s Wealthiest
Liz Truss pulls the fastest 180 in history.
Economy & Policy
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.
Japan Boosts Defense Spending in Face of China Threat
Rising tensions with China has Japan second-guessing its meager defense budget.
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.
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.
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…
Bonds, Stocks Rally After Encouraging Inflation Report
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…
Ireland’s Economy is Soaring Thanks to a Pot o’ Corporate Taxes
You’ve heard of the luck of the Irish, but did you know the expression has nothing to do with four-leaf clovers or trapping Leprechauns? It comes from the 19th-century gold and silver rush when many of the most successful and…
Are Rising US Lottery Sales an Economic Indicator?
Economists turn to lots of peculiar things when trying to make sense of the world. Alan Greenspan, the Oracular US Federal Reserve Chairman from 1987 to 2006, famously looked at dry cleaning and men’s underwear sales. Others skip closets and…
Uber Reported Positive Cash Flow for the First Time Ever
When Dara Khosrowshahi sits down for dinner tonight, he won’t be eating his words for a change. In May, the Uber CEO vowed to be “hardcore about costs across the board.” Less than three months later, on Tuesday, his company…
