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Asset managers sell greenback at fastest pace in a year as market prices in more rate cuts next year
Also in today’s newsletter, IEA urges oil and gas companies to pay up for the energy transition
Fatigue at higher prices is expected to push more shoppers to chase early holiday season discounts
Former president plans to scrap clean energy rules and expand drilling to boost fossil fuels, say advisers
German carmaker’s 11% increase follows moves by Nissan, Hyundai, Honda and Toyota to lift workers’ wages
Repealing Trump-era cap on federal tax deduction would benefit only a small number of taxpayers
Inflows into corporate bond funds on track for highest total since July 2020
But minutes from November meeting of US central bank also reveal consensus that policy must remain ‘restrictive’
What the IMF gets wrong about the global trade rebound
Easy money has not bred the undead
Like “watching paint dry”, but if the paint was the US banking system
Turkey and other food costs are also down, while petrol price is lowest since January
Spending has defied inflation but shoppers are showing more caution about buying big-ticket items
Soft US inflation data has convinced the market that the Fed will not lift its borrowing benchmark next month
Inflation is falling, but bad vibes will be harder to shift than politicians had hoped
What to do when r - g = 0
A profession known for offering flexible and high-paying careers could lose 80% of its members
World’s largest retailer’s restrained earnings guidance contrasts with improved outlook from rival Target
Why aren’t they getting spent?
US retailer has taken steps in recent years to diversify beyond low-margin grocery sales
Despite mutual mistrust, both sides have an interest in trying to calm tensions
The relationship between the two superpowers is fraught but manageable if the US plays its cards right
No number of cute pandas can offset the asset deflation threatening the property sector
If Beijing returns to promoting export-led growth, tension over exchange rates may return
Target reports declining sales but shares surge 17% as investors focus on earnings
International Edition