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President Javier Milei is on the cusp of clinching his biggest political victory since taking office, with lawmakers likely to give final approval to two proposals meant to resuscitate Argentina’s crisis-prone economy.
Federal Reserve Bank of Atlanta President Raphael Bostic said he continues to expect one interest rate cut this year in the fourth quarter, unchanged from his view in March, amid signs inflation has resumed its decline.
Former Bank of Canada Governor Stephen Poloz has been made an officer of the Order of Canada, one of the country’s top honors.
Germany, Poland and the Czech Republic asked the European Union for financial support to help cover the cost of hosting Ukrainian refugees since the three countries have taken in the lion’s share since Russia’s invasion.
Donald Trump’s lawyer at his hush money trial grilled Michael Cohen for hours on the witness stand Thursday about possible inconsistencies in his testimony and his well-documented history of lying under oath.
Jorge Alvarez Maynez, who’s running a distant third place in voter opinion polls in the run-up to Mexico’s presidential election, is facing increasing calls to bow out and throw his support to the main opposition coalition contender, Xochitl Galvez.
Some prominent economists are concerned that the U.S. is entering an era of permanently higher inflation, but Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell believe the current spike will be temporary. So far, this debate has largely been missing three dimensions: what the best forecasters are saying, what’s happening in other countries, and steps that can be taken to attenuate problems in the supply chain.
We are intentional about teaching our kids about money because collectively as Americans we focus a lot on earning money, but collectively we stink at managing money.
Tesla Inc.’s quarterly earnings calls have a ritualistic feel; more of a pageant for devotees than a forum for scrutiny. Yet this week’s event was helpful, if only because it showcased the difficulties of pleasing the fans while trying to expand the crowd.
Tesla Inc. has begun accepting Bitcoin as payment for vehicles in the U.S. This could be a clever marketing strategy, a way of bolstering the value of the company’s own crypto-bet, or perhaps just something to do. Maybe it’s all three. One thing it isn’t: compatible with Tesla’s green credentials.
I spend a lot of time around lawyers, so I can tell you with some authority that they were thrilled by one aspect of their work lives during the pandemic. They stopped flying.
Chief among the many challenges brought on by COVID-19 is the acceleration of the global pension crisis. Low interest rates and decreased economic activity are ballooning pension liabilities and challenging return assumptions, ultimately stressing pension plans all over the world.
